Preparing Your Business in a Post Pandemic World! The New Study on Audible & Visual Signaling Devices Provides Answers to Key Strategic Questions You Might Have
The global market for Audible & Visual Signaling Devices is projected to reach US$1.9 billion by 2025, driven by growing awareness among companies about the benefits of a safe work environment and the ensuing voluntary implementation of safety programs.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Audible & Visual Signaling Devices market. The segments covered in the study include End-Use Industry (Oil & Gas, Chemical & Pharmaceutical, Food & Beverages, Energy & Power, Mining, and Other End-Use Industries); and Product (Strobe Beacons, Lighting, Bells & Horns, Fire Alarms/Call Points, and Other Products).
10 June 9:31 A.M., California/Marketwire/ - According to the new market research report, the global market for Audible & Visual Signaling Devices is projected to reach US$1.9 billion by 2025, driven by growing awareness among companies about the benefits of a safe work environment and the ensuing voluntary implementation of safety programs. The market will receive a setback in the year 2020 amid the ongoing COVID-19 crisis and will be reset to a new normal which going forwards in a post crisis era will be continuously redefined and redesigned.
In post COVID-19 environment, the gains for A/V signaling devices market would be largely determined by the level of demand revival in major end-use verticals including Oil & Gas, Chemical & Pharmaceutical, Food & Beverages, Energy & Power, and Mining. In most of these verticals, A/V signaling devices have established and widespread use. Stringent and often punitive safety regulations being legislated in most countries worldwide elevate the compliance burden on enterprises, especially in oil & gas, mining, utilities, and chemical & pharmaceutical sectors, which points towards a strong potential demand for A/V signaling devices. A key trend in the market is the growing preference for audible visual signals that combine sound and light in one convenient multi-purpose unit. Types of visual signaling devices include signaling platforms, LED beacons, strobe and warning lights that are vital for process control plants for safety and emergency evacuation. Light signaling systems are popular in noisy workplace environment, while explosion proof amplified speakers are preferred for equipment malfunction alerts and fire alarms. The rise of 'Smart Factory' and 'Industry 4.0' strongly favor future growth in the A/V signaling devices market.
Key Competitors Covered in the Report
Auer Signal GmbH
E2s Warning Signals
Eaton Corporation PLC
Federal Signal Corporation
Moflash Signalling Ltd.
Pfannenberg Group Holding GmbH
Potter Electric Signal Company LLC
R. Stahl AG
Tomar Electronics, Inc.
WERMA Signaltechnik GmbH + Co. KG
Geographies Analyzed in the Report
Europe (France, Germany, Italy, United Kingdom, and Rest of Europe)
Rest of World
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 24787. Among this pool, 2231 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 496 unique participations, a total of 223 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.