The report forecasts that the global beacon light market to grow at a CAGR of 9.34% during the period 2017-2021.
Global Beacon Light Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion operating in this market.
One trend in the market is customized light beams. Beacons with customized light beams have features to change the light intensity with the changing weather. These beacons can be chosen according to their propagation property.
One driver in the market is high adoption at dockyards. Exports of goods and services are increasing at a rate of 3% per year. This led to the growth of shipment worldwide, resulting in improved dock and harbor conditions with proper navigation and warning systems. Lighthouses are well equipped with high-intensity beacon lights to guide industrial cargo ships sailing through the region. These lighthouses also help in rescuing lost ships. Apart from navigation, beacon lights also provide visibility to ships and the route to a destination.
One challenge in the market is requires continuous charging and power. Beacon lights are highly used for security and emergency signals. However, the biggest drawback is that these beacon lights operate on batteries unless they are plugged into an unlimited power source. The battery has to be recharged or replaced on a regular basis to ensure smooth operation of the beacon lights. As the light is used continuously, the life of the battery reduces.
- General Electric
- Schneider Electric
Other prominent vendors:
- Schneider Electric
- WERMA Signaltechnik
- Federal Signal Corporation
- ESAFETY LIGHTS
- Larson Electronics
- NSI International
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology`
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Market segmentation by type
Part 08: Market segmentation by Geography
Part 09: Decision framework
Part 10: Drivers and challenges
Part 11: Market trends
Part 12: Vendor landscape
Part 13: Key vendor analysis
For more information about this report visit https://www.researchandmarkets.com/research/4tzxwc/global_beacon