Signaling devices help to send emergency warning signals in the industry premises during any natural disasters or emergency situations. These are widely used in locations having high potential for explosions due to flammable gases, combustible liquid-produced vapors, dust, and flammable substances. The signaling devices market (audible & visual) is expected to be valued at USD 2.03 Billion by 2022, growing at a CAGR of 4.43% between 2016 and 2022. The growing focus on increasing safety measures in industries, especially process and cooling, is creating a good demand for flame- and explosion-proof signaling audio and visual devices such as horns, speakers, strobe beacons, lighting, and so on.
Siemens AG (Germany) and Honeywell International, Inc. (U.S.) are two of the key players in the signaling devices market (audible & visual). Siemens AG (Germany) has a strong presence in the market; it offers a wide range of signaling devices products including beacons, lighting products, alarms, and horns. Apart from a wide signaling devices product portfolio, the company’s strong brand image and diversified customer base are some of the other factors that have helped it gain a significant position in the global signaling devices market (audible & visual). Honeywell’s strong position in this market can be attributed to its broad portfolio of signaling device products, comprising fire and gas detectors, video surveillance systems, and voice-enabled workflow solutions. The other companies operating in the signaling devices market (audible & visual) include PATLITE Corporation (U.S.), Eaton Corporation Plc (U.S.), Emerson Electric Co. (U.S.), NHP Electric Engineering Products (Australia), Rockwell Automation (U.S.), E2S Warning Signals (U.S.), ABB Ltd. (Switzerland), and R.STAHL AG (Germany).
The major players have primarily adopted the strategy of new product launches and offerings to strengthen their product portfolio and to expand their offerings to newer clients. For instance, in 2016, PATLITE introduced a 40mm visual signal tower—PHE-3FB2 which can be connected to the port (RS-232C) on a programmed personal computer to control the continuous flashing and alarm functions on the tower. In the same year, R. STAHLAG introduced new-generation flexible LED floodlights for Zone 1, 21, 2, and 22 hazardous areas.
The signaling devices market (audible & visual) also witnessed various expansions, acquisitions, and agreements by the key players between 2014 and 2016. For instance, in 2016, Rockwell Automation acquired Automation Control Products (U.S.)—a global leader in the automation industry that offers full-feature centralized thin client and remote desktop server management software. On the other hand, in 2015, Eaton Corporation Plc acquired Oxalis Group Ltd.—a U.K.-based manufacturer of closed-circuit TV camera stations, public address/general alarm systems, and other electrical products for the hazardous area, marine, and industrial communications markets. The acquisition strengthens the company’s portfolio in the segment of signaling devices in the hazardous area.
Signaling Devices Market (Audible & Visual) for Hazardous and Safe Areas, by Product (Strobe Beacons, Lighting and Fire Alarms/Call Points), Connectivity Service (Wired & Wireless), Industry, & Geography - Global Forecast to 2022
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