5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The market is segmented by Products (Round or Square Body Type, Non-Lighted Push Button), Type (Audible, Visible), End-user Industry (Automotive, Energy and Power, Manufacturing, Food and Beverages), and Geography.
Fastest Growing Market:
The Push Buttons & Signaling Devices Market was valued at USD 1.95 billion in 2019 and is expected to reach USD 2.49 billion by 2025, at a CAGR of 4.13% over the forecast period 2020 - 2025. Push buttons enable users to control the functioning of machines or equipment during an emergency. On the other side, signaling devices are highly essential in any safety management system, starting from fire alarm to earthquake warning. Such devices alert employees about the inbound threat and prevent loss of life. Push buttons are preferred in industrial applications, owing to the degree of functionality afforded over other switches. Unlike a standard switch that provides one particular function, push buttons can be used to connect to other mechanical applications through linkages.
Push buttons are power controlling switches of a machine or appliance. Usually, they are metal or thermoplastic switches that grant easy access to the user. Push buttons are extensively used in industries, owing to the comfort and safety provided by them in several industrial and commercial applications. Switches and control push-buttons are used for building and industrial installations are also covered under the scope of the study.
|Round or Square Body Type|
|Non-lighted Push Button|
|By End-user Industry|
|Energy and Power|
|Food and Beverage|
|Other End-user Industries|
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The automotive industry is expected to drive the demand for push buttons and switches. Push buttons are widely used for implementing keyless access in vehicles. Push button ignition is being adopted by many automobile companies owing to their comfort and reliability. Due to the increasing number of road accidents and internal damages to vehicles, automotive manufacturers are focusing on improving vehicular safety. Panel lights and horns are the most commonly used signaling devices.
For instance, push buttons are used for powering indicators, in case the vehicle is required to pass through a cross-section. This provides ease-of-use, as well as improves passenger safety. Signaling devices, both visual and audible are essential components which inform passengers and drivers in case the doors are open or the seat-belts are not buckled.
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North America is one of the prominent regions in the signaling devices market, contributing the highest revenue globally due to the growing automation in manufacturing plants and petrochemical units, which require monitoring systems in hazardous locations.
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The push buttons and signaling devices market is fragmented, with high competition present among the players.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Creating Safe Working Environment For The Industrial Workers
5.1.2 Favorable Government Regulations For Industrial Safety
5.2 Market Restraints
5.2.1 High Initial Investment In Creating Supporting Infrastructure And Automation
6. MARKET SEGMENTATION
6.1 By Products
6.1.1 Round or Square Body Type
6.1.2 Non-lighted Push Button
6.1.3 Other Products
6.2 By Types
6.2.3 Other Types
6.3 By End-user Industry
6.3.2 Energy and Power
6.3.4 Food and Beverage
6.3.5 Other End-user Industries
6.4.1 North America
18.104.22.168 Rest of Europe
22.214.171.124 Rest of Asia-Pacific
6.4.4 Latin America
126.96.36.199 Rest of Latin America
6.4.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 Rest of Middle East & Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Rockwell Automation Inc.
7.1.2 Siemens AG
7.1.3 ABB Ltd
7.1.4 Schneider Electric
7.1.5 Federal Signal Corporation
7.1.6 BACO Controls Inc.
7.1.7 Solomon Technology Corporation
7.1.8 Omron Industrial Automation (Omron Corporation)
7.1.9 Nuova ASP SRL
7.1.10 Oslo Switch Inc.
8. INVESTMENT ANALYSIS
9. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability