Signaling Devices Market Predicts Petrochemical And Oil & Gas Sectors To Be Major Revenue Drivers Till 2020

Delaware, March 10, 2017 (GLOBE NEWSWIRE) -- The report “Signaling Devices Market: By Type (Visual, Audible and Others) By Application (Hazardous Area Signaling, Fire and Industrial Signaling, Others) By End-User (Marine, Mining Factories, Others) By Geography,Forecast 2020”, available on MarketIntelReports, estimates that Asia-Pacific will hold the largest share in the market by 2020.

Browse numerous Market Tables as well as Figures which are spread through 200 Pages and an in-depth TOC on the “Signaling Devices Market 2020” http://www.marketintelreports.com/report/air0043/signaling-devices-market-by-type-visual-audible-and-others-by-application-hazardous-area-signalling-fire-and-industrial-signalling-others-by-enduser-marine-mining-factories-others-by-geographyforecast20152020

Scope & Regional Forecast of the Signaling Devices Market

A signaling device is an electrical contraption whose primary objective is to detect flaws or anomalies within safety monitoring and detection systems. Some examples are the audible signaling devices and the industrial audible alarms which signal a problem and make employees aware of it. Large-scale industrial demand for audible signaling devices has driven the Signaling Devices Market growth over the last few years as employee safety regulations have been tightened. There is a tremendous scope for growth during the forecast period of 2015-2020.

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The Signaling Devices Market has witnessed the demand for beacons rise sharply in recent times. Beacons, wireless smoke detectors and fire alarm panels are major industrial safeguards for any manufacturing hub to contain. End users are also less hesitant now to integrate smoke and carbon monoxide alarm systems and smoke detectors into their universal security instruments.

The Signaling Devices Market expects the oil & gas, chemical and petrochemical segments to generate nearly 34% of the entire revenue by 2020. Visual signaling devices are expected to hold a majority in the market wheras beacons are all set to capture nearly 30% of the entire market by 2020.

Although climate change fears are set to slow oil refinery installations, the rapid growth of E-commerce in massive markets like India is expected to drive future growth. E-commerce depends on warehouses being setup aggressively at strategic locations so as to reduce the time necessary to make a delivery. The responsibility falls on the Signaling Devices Market to equip these warehouses with the appropriate industrial audible alarms and other audible signaling devices with the objective of keeping goods safe.

The Signaling Devices Market expects the Asia-Pacific segment to exhibit a CAGR of 3.13% during the period between 2015-2020 whereas the Americas segment is set to show the highest growth rate of 3.48% during the same period. Despite this rate, Asia-Pacific is set to consolidate its it market leader status by 2020. 

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Prominent Segmentations Involved in the Signaling Devices Market

The Signaling Devices Market can be broken down into various segmentations on the basis of -

• Type: Visual Signaling Devices (Beacons, Stack Light), Audible Signaling Devices (Electronic Sounders, Buzzers/Hooters/Bells), Control Devices (Fire Alarms, Others) and Others (push buttons, stop switches, pilot lights, sirens).
• Application: Hazardous Area Sighting, Fire & Industrial Signaling and Wide Area Sighting.
• End-Use Verticals: Warehouse & Factories (Automotive, Food & Beverage, Chemical & Petrochemical, Aerospace, Defense, Oil & Gas, Paper & Pulp, Medical Devices, Pharmaceutical and Others), Marine, Mining, Commercial and Others.
• Geographical Location: Americas, Europe, Asia-Pacific and RoW (Rest of the World).

Some of the sample companies profiled in the Signaling Devices Market report are as follows:

• SIEMENS
• ABB ltd
• Rockwell Automation
• Honeywell International Inc.
• Eaton Corporation, Plc
• Emerson Electric Co.
• Hollysys Automation Technologies Ltd
• Thales Group
• R.STAHL Inc.
• NHP Electrical Engineering Products
• E2S Warning Signals
• Werma Signaltechnik
• Auer Signalgerate

 Why buy this report?

• Get a detailed picture of the Signaling Devices Market.
• Pinpoint growth sectors and identify factors driving change.
• Understand the competitive environment, the market’s major players and leading brands.
• A five-year forecast method is used in order to assess how the market is predicted to develop.

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