Market Highlights
Push buttons and signaling devices enable operators to control machines in case of emergency. Push buttons are used to initiate, halt, or terminate industrial processes and are designed in a way that they can be operated single handedly. On the other hand, signaling devices are designed to send audio-visual alerts to operators across facilities and therefore, prevent unwanted downtime and breakdowns. Easy installation and operability of push buttons and signaling devices determine the adoption of these devices by manufacturing facilities.
Increasing accidents in manufacturing facilities have encouraged the adoption of signaling devices for instant notifications. Also, with the advancement in technology and connected devices, the manufacturers of push buttons and signaling devices have started developing wireless devices to remotely access these devices and gain insights about machinery in real-time.
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Key Players:
The key players in the push buttons & signaling devices market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Eaton PLC (Ireland), Omron Corporation (Japan), Schneider Electric (France), Thomas & Betts Corporation (US), Robert Bosch GmbH (Germany), Rockwell Automation Inc. (US), Siemens AG (Germany), PATLITE Corporation (US), Potter Electric Signal Company LLC (US), Honeywell International Inc. (US), ABB Ltd (Switzerland), Emerson Electric Co. (US), GENERAL ELECTRIC (US), Koninklijke Philips Electronics NV (Netherlands), and Thales Group (France). The companies are focused on innovating their existing product portfolio as well as develop new products by investing in research and development to analyze the changing market trends.
Segmentation:
The global push buttons & signaling devices market has been segmented based on type, connectivity, vertical, and region.
By type, the market has been segmented into push buttons and signaling devices. The push buttons segment has been segmented into 20mm push buttons, 30mm push buttons, and others. However, the signaling devices segment has been segmented into visual signaling devices and audible signaling devices. The visual signaling devices segment covers rotating beacons, tower lights, panel light bars, led stick lights, and others whereas the audible signaling devices segment covers electronic sounders & tone generators, alarms, bells & horns, intercoms, and others.
By connectivity, the push buttons & signaling devices market has been bifurcated into wired and wireless connectivity.
By vertical, the push buttons & signaling devices market has been segmented into food & beverages, oil & gas, chemicals & pharmaceuticals, energy & utilities, mining, and others.
By region, the push buttons & signaling devices market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.
Regional Analysis:
The market for push buttons & signaling devices is estimated to grow at a significant rate during the forecast period from 2019 to 2024. The geographic analysis of push buttons & signaling devices market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East & Africa, and South America). According to MRFR analysis, North America is expected to dominate the push buttons & signaling devices market in terms of revenue during the forecast period. Also, the region witnesses a major concentration of manufacturing facilities in the US and Canada, resulting in the growth of the regional market.
On the contrary, the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period. Increasing adoption of automation and similar technologies in manufacturing plants has increased the demand for push buttons & signaling devices in the region. Moreover, government regulations favoring the safety of employees in developing countries including Taiwan, India, and South Korea is anticipated to fuel the market growth.
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List of Tables
Table 1 Global Push Buttons & Signaling Devices Market, By Type, 2019–2024
Table 2 Global Push Buttons & Signaling Devices Market, By Connectivity, 2019–2024
Table 3 Global Push Buttons & Signaling Devices Market, By Vertical, 2019–2024
Table 4 Global Push Buttons & Signaling Devices Market, By Region, 2019–2024
Table 5 North America: Push Buttons & Signaling Devices Market, By Country, 2019–2024
Table 6 North America: Push Buttons & Signaling Devices, Market, By Type, 2019–2024
Table 7 North America: Push Buttons & Signaling Devices Market, By Connectivity, 2019–2024
Table 8 North America: Push Buttons & Signaling Devices, Market, By Vertical, 2019–2024
Table 9 US: Push Buttons & Signaling Devices, Market, By Type, 2019–2024
Table 10 US: Push Buttons & Signaling Devices Market, By Connectivity, 2019–2024
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