Global Push Buttons and Signaling Devices Industry to 2027 - Growing Focus on Safety in Oil & Gas Industry to Benefit Market Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Push Buttons and Signaling Devices - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Push Buttons and Signaling Devices estimated at US$1.9 Billion in the year 2020, is projected to reach a revised size of US$2.4 Billion by 2026, growing at a CAGR of 4.3% over the analysis period.

Signaling Devices, one of the segments analyzed in the report, is projected to grow at a 4.8% CAGR to reach US$1.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Push Buttons segment is readjusted to a revised 3.3% CAGR for the next 7-year period. This segment currently accounts for a 30.2% share of the global Push Buttons and Signaling Devices market.

The U.S. Market is Estimated at $496.4 Million in 2021, While China is Forecast to Reach $284.3 Million by 2026

The Push Buttons and Signaling Devices market in the U.S. is estimated at US$496.4 Million in the year 2021. The country currently accounts for a 26.03% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$284.3 Million in the year 2026 trailing a CAGR of 5.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.2% respectively over the analysis period.

Within Europe, Germany is forecast to grow at approximately 3.9% CAGR while Rest of European market (as defined in the study) will reach US$303.1 Million by the end of the analysis period. Massive oil & gas sector, rapid pace of industrial growth and increased lenience towards strategies and policies adopted by Western enterprises is creating healthy demand for AV signaling devices in these emerging economies. Higher allocation towards safety equipment in oilfields, refineries, chemical plants, and food processing units contributes immensely to wider uptake of AV signaling devices in the developing regions.

Select Competitors (Total 286 Featured):

• ABB Group
• American Distributors LLC
• BACO Controls, Inc.
• Eaton Corporation PLC
• EUCHNER (India) Pvt.Ltd.
• Honeywell International, Inc.
• Johnson Electric Group
• Omron Corporation
• Patlite Corporation
• Rockwell Automation, Inc.
• Schneider Electric SA
• Siemens Industry Inc.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• How the Oil & Gas, Automotive, Power & Chemical Industries Were Impacted by the Pandemic & What's the New Normal?
• The Automotive Industry
• The Oil & Gas Sector
• The Power Sector
• The Chemical Industry
• Push Buttons and Signaling Devices: Definition, Importance & Types
• Here's How the Audio/Visual (AV) Signaling Devices Market is Faring
• Recent Market Activity
• Innovations
• World Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Focus on Hazardous Area Compliance Drives Demand for Push Buttons and Signaling Devices
• Rise in Workplace Accidents in Hazardous Facilities Favors Market Growth
• Industrial Safety Regulations Underpin Market Growth
• Growing Costs Associated With Workplace Injuries & Absenteeism Encourages Voluntary Investments in Worker Safety Technologies
• With Industrial Safety Being a Core Part of Smart Factory & Industry 4.0, Market to Benefit From Increasing Investments in These Technologies
• Building Codes & Feature Rich Models Sustain Demand for Fire Alarms
• Growing Focus on Safety in Oil & Gas Industry to Benefit Market Growth
• Chemical Companies Rely on Safety Equipment to Ensure Workplace Safety
• Presence of Gases & Vapors Bring Food & Beverage Industry Into the Spotlight as a Major End-Use Sector
• Strobe Beacons, A Popular & Widely Adopted Type of Signaling Device
• Sound-Signaling Devices Rises in Popularity, Spurring Growth of Voice Evacuation Systems (VESs)
• Rollout of New Models and Ease of Installation Drive Adoption of Push Buttons in Industrial Operations
• Extensive Use in the Automotive Industry to Give a Boost to Market Prospects
• Integration of More Functionalities into Motorcycle Handlebar Control Switches Opens Up New Opportunities

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/in8s9s