NA Push Buttons & Signaling Devices Market Size (2024 - 2029)

North America Push Buttons & Signaling Devices Market Analysis

The North American push button and signaling device market is expected to record a CAGR of 4.56% during the forecast period. The COVID-19 lockdowns severely impacted infrastructure modernization in commercial and industrial sectors. The pandemic adversely affected the supply chain and revenues of major companies operating in the region, mainly in the first half of 2020. However, the signaling device manufacturers and push buttons adopted new digital technology to make the supply chain more efficient in China. The pandemic led to a growth in the initiatives toward renewable energy, boosting the demand for push buttons and signaling devices.

• Push buttons are extensively used in industries, owing to the comfort and safety provided by them in several industrial and commercial applications. Thus, major factors contributing to the growth of the push button and signaling device market are the rising number of industrial safety regulations imposed by the government, the rampantly growing manufacturing sector, and rising automation in the utility sector.
• North America is one of the prominent regions in the signaling devices market. It is the major revenue contributor due to increasing automation in manufacturing plants and petrochemical units, which require monitoring systems in hazardous locations.
• According to IndustrySelect, the US manufacturing sector plays a crucial role in the economy, accounting for 20% of US capital investment, 70% of business R&D, and 60% of the nation's exports. Collectively, the sector's expansion measured in terms of revenue is worth roughly USD 6 trillion, making it a major industry to do business.
• In the United States, automotive manufacturers such as Toyota, Lexus, Ford, Nissan, and BMW are releasing new automobiles with keyless driving facilities, leading to the increasing use of push buttons and signaling devices in the automotive segment of the region.
• In the food and beverage industry, signaling devices are extensively used to store food items at a specific temperature and cold storage. In case of some changes or fluctuation, these devices alarm the workers. Thus, they are being used to avoid the spoilage or wastage of stored foods, such as RTD sensors and temperature transmitter solutions for dairy products.

North America Push Buttons & Signaling Devices Industry Segmentation

The push-button switch is a type of control switch appliance frequently used to turn on and off the control circuit. It manually provides control signals to contactors, relays, electromagnetic starters, and other electrical automatic control circuits.

A signaling device raises an alert in response to a trigger from the control panel. The trigger can be a sound or visual alarm, depending on the signaling device. Usually, these devices are connected through the control panel.

The North American push buttons and signaling market is segmented by product (round or square body type and non-lighted push button), type (audible and visible), end-user verticals (automotive, energy and power, manufacturing, food and beverage, and transportation), and country.

The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.