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Global Audible & Visual Signaling Devices Market is projected to exhibit a CAGR of 3.70 % in 2017-2025

Author: QYResearch | Publish date: 2018-08-18 | Views: 13
Audible & Visual Signaling Devices is a comprehensive range of signaling products designed for use in areas where the prevalence of harsh environmental conditions and where there is a risk of explosion due to the presence of flammable atmospheres. Signaling devices can be in the form of the audio or visual type depending on the signaling devices. The major product in this report include Strobe & Beacons, various type signal Lights, Bells & Horns, Fire Alarm/Call Points, Speakers & Tone Generators and Visual &Audible Combination Units used in the Oil & Gas, Chemical & Pharmaceutical, Food & Beverages, Energy & Power, Mining and other industries.

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According to the report, global revenue for Audible & Visual Signaling Devices was valued at $ 1,632 million in 2017, and is expected to generate revenue of $ 2,172 million by end of 2025, growing at a CAGR of slightly above 3.70 % between 2017 and 2025.

 

Global Audible & Visual Signaling Devices Market: Market Driver and Restraint

The main customers of Audible & Visual Signaling Devices are the downstream buyers, who are distributed in the Oil and Gas, Chemical and Pharmaceutical, Food and Beverages, Energy and Power, Mining etc. With the security awareness strengthened, they will pay more attention to advertise Audible & Visual Signaling Devices products.

The improving economic growth, stabilized prices and healthy demand would boost the market for Audible & Visual Signaling Devices market over the forecast period.  The technology industry is a collection of companies that are engaged in design and fabrication of various technologies. North America has accounted for the largest market share over the years. Asia-Pacific is expected to grow over the forecast period. Countries such as China and Japan are growing drastically.


Global Audible & Visual Signaling Devices Market: Forecast by Application

This segment includes Oil & Gas, Chemical & Pharmaceutical, Food & Beverages, Energy & Power, Mining and Others. In the applications, the Oil & Gas segment was estimated to account for the highest volume share of 46.03% in 2017 and is expected to gain significant market share by the end of 2025.


Global Audible & Visual Signaling Devices Market: Forecast by Form

This segment includes Strobe and Beacons, Other Lights, Bells and Horns, Fire Alarm/Call Points, Speakers and Tone Generators, Visual and Audible Combination Units.  On the basis of product type, the Strobe and Beacons segment is projected to account for the largest volume share during the forecast period; this segment was estimated to account for 40% volume share in 2017.


Global Audible & Visual Signaling Devices Market: Forecast by Region

This segment includes North America, Europe, China, Japan, India, South East Asia, Asia Other, Latin America and Rest of World. In this study, the consumption region of Audible & Visual Signaling Devices divided into nine geographic regions. Among all regions, North America is estimated to represent the highest share. The main customers of Audible & Visual Signaling Devices are the downstream buyers, who are distributed in the Oil and Gas, Chemical and Pharmaceutical, Food and Beverages, Energy and Power, Mining etc. With the security awareness strengthened, they will pay more attention to advertise Audible & Visual Signaling Devices products in order to be known from other products.


Global Audible & Visual Signaling Devices Market: Key Players

Patlite Corporation, Federal Signal Corporation,Werma Signaltechnik GmbH, Eaton Corporation PLC (Cooper Industries), Rockwell Automation, Inc., Potter Electric Signal Company, LLC, Honeywell (Novar GmbH), R. Stahl AG, Schneider Electric, E2S Warning Signals, Tomar Electronics, Inc, Moflash Signalling Ltd, are the key vendors included in this report.

Of the major players of Audible & Visual Signaling Devices, Patlite Corporation maintained its first place in the ranking in 2017, followed by Federal Signal Corporation and Werma Signaltechnik GmbH.


Click to view the full report TOC, figure and tables

https://www.qyresearch.com/index/detail/604693/global-audible-amp%3B-visual-signaling-devices-sales-market




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