Signaling Devices Market

Signaling Devices Market Size, Trends & Growth (2022 - 2027)

The signaling device generates an alarm to warn or signal someone or someone by producing an audible sound or a visible alert in case of emergency or other alert applications. The devices are connected to the control panel and installed in specific locations so that, if necessary, people can be alerted and corrective action can be taken.

Various hazards are present in the surroundings, be it home, office, factory, hospital, highways, schools and universities, airports and train stations, or heavy industry. Any type of hazard can become a potentially dangerous event and can cause property and liver damage. When it comes to safety and security management systems, signaling devices play a crucial role. Signaling devices are manufactured for continuous observation of changes in surrounding parameters and to trigger an alarm if an unwanted change is observed. The most common types of signaling devices are used in fire alarm systems, mine safety systems, gas warning systems in the oil and gas industry, heavy rain warning systems, and earthquake warning systems. The signaling devices can be explosion-proof, flame retardant, or waterproof depending on the end-user application.

Recent Developments:

• The newly formed Hitachi ABB Power Grids won an order for Rs 120 crore from Indian Railways to deliver transformers for use in 400 passenger and freight locomotives. This is the first offer of its kind won by the entity.

• Rockwell Automation announced its new line of Allen-Bradley signaling devices.

• Honeywell (NYSE: HON) went into a consent to secure a lion's share stake in Fiplex Communications, Inc., a Miami-based organization that creates frameworks to create radio inclusion in cruel conditions to improve the security of people on call and responders of building inhabitants.

• SIRIUS ACT with PROFINET-BELFOR deHaDe is based on full connectivity

Drivers and Restraints of Signaling Devices Market:

Drivers: 

The signaling device is an electrical device that helps detect system faults and sends a warning signal to mitigate the risk of an accident. The signaling device is used in many applications and, growing in recent years, these devices are an important aspect of any safety management system, such as seismic warning systems, dam safety systems, emergency systems, warning of defense, and fire alarm systems. The flexible prices of the signaling devices drive the growth of the market, as the customer can choose their product according to their needs. Signaling devices are readily available and can be changed according to customer requirements, driving requirement growth.

Restraints:

Requirement of signaling devices in the wide-area network and high inspection cost because many companies will act as a restriction and further challenge the growth of the signaling device market during the forecast period mentioned above.

Signaling Devices Market Segmentation:

By Type:

• Visual signaling devices
• Audible signaling devices
• Other control signaling devices 

Beacons and battery light are sub-segments of the visual signaling devices segment, while bells, sirens, and electronic chimes or chimes are sub-segments of the audible signaling devices segment. Indicator lights or navigation lights, stop switches, and push buttons are examples of control signaling devices.

By Application:

• Hazardous area signaling
• Fire and industrial signaling
• Wide area signaling

Hazardous areas are defined as areas where concentrations of flammable gases, vapors, or dust can occur, either continuously (zones 0 and 20), under normal operating conditions (zones 1 and 21), or in an unusual manner (zones 2 and 22).

By End User Application:

• Warehouses and factories
• Oil and gas platforms
• Mining
• Marine
• Commercial buildings
• Sports
• Natural hazard emergency
• Warning systems

Warehouses are priority commercial buildings for the storage of raw materials and manufactured products. Like factories, warehouses are often located in industrial areas near major rail lines and highways. An oil rig, offshore platform, or offshore drilling rig is a large structure with well-drilling platforms for exploring, extracting, storing, and processing oil and natural gas found in rock formations below the seabed. 

Signaling Devices Market Region wise analysis:

Marked Segmentation based on the region:

1. North America
   1. U.S
   2. Canada

North America dominates the signaling device market due to the higher market share of the signaling device market. Companies like Eaton and Cisco are working to improve signaling device solutions with continued development in this market.

2. Europe
   1. Norway
   2. Germany
   3. Sweden
3. Asia Pacific
   1. China
   2. India
   3. Japan

Countries like Japan, where tsunamis and earthquakes are common, are seeing increased demand for warning or signaling systems for natural hazards. Developing economies in Asia and the Pacific such as China, India, Indonesia and Malaysia, where industrialization is rapid, also need industrial signage systems.

4. Latin America
   1. Brazil
   2. Mexico
   3. Argentina
5. Middle East and Africa

a. Middle East

b. Africa

Key Players of Market:

The major players covered in the signaling devices market report are Siemens AG, Honeywell International Inc., Rockwell Automation, Inc., ABB, Emerson Electric Co., Eaton Corporation PLC, R. Stahl AG, NHP Electrical Engineering Products Pty Ltd., E2S Warning Signals, Werma Signaltechnik GmbH,  , Potter Electric Signal Company, LLC, Tomar Electronics, Inc., Robert Bosh GmbH, Auer Signal GmbH, Omron Corporation, Schneider Electric, Thales Group, PATLITE Corporation, HollySys Automation Technologies Ltd., among other domestic and global players.

IMPACT OF COVID-19 ON SIGNALING DEVICES MARKET:

Push buttons and signaling devices are pilot devices that help users control the operation of equipment or machinery in an emergency. Signaling devices are extremely vital in any safety management system, including seismic alert systems and fire alarms. These devices alert employees to incoming threats and prevent loss of life. Push buttons are widely adopted by car manufacturers, as increasing cases of internal vehicle damage and traffic accidents have forced car manufacturers to focus on improving vehicle safety. However, the spread of COVID-19 around the world has affected several industries. The COVID-19 pandemic has had a drastic impact on the auto industry. Blockades imposed in several countries halted vehicle production and forced the closure of small businesses, which had a significant impact on the adoption of pushbuttons and signaling devices in the automotive industry. However, on the other hand, the pharmaceutical industry has seen growth during the pandemic. The demand for mass production of drugs has led to the rise of pharmaceutical companies around the world. This scenario drove the need for real-time monitoring of machines, which encouraged pushbutton and signaling device manufacturers to integrate wireless connectivity into these devices. Companies focus on security. North America has dominated the market due to government safety and industrial protection regulations that have required companies in this region to incorporate signaling devices into their facilities. In addition, the presence of a large number of manufacturing plants in the region has also stimulated the demand for pushbuttons and signaling devices. This in turn pushing the growth rate of the signaling devices to the extent in 2021.