Dublin, June 20, 2023 (GLOBE NEWSWIRE) -- The "Push Buttons and Signaling Devices: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Push Buttons and Signaling Devices estimated at US$2 Billion in the year 2022, is projected to reach a revised size of US$2.9 Billion by 2030, growing at a CAGR of 5% over the analysis period 2022-2030.
Signaling Devices, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$2.1 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Push Buttons segment is readjusted to a revised 4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $510.9 Million, While China is Forecast to Grow at 6.2% CAGR
The Push Buttons and Signaling Devices market in the U.S. is estimated at US$510.9 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$361.7 Million by the year 2030 trailing a CAGR of 6.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 4.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.6% CAGR.
Select Competitors (Total 286 Featured) -
- ABB Ltd.
- BACO Controls, Inc.
- Eaton Corporation PLC
- Emerson Electric Co.
- Federal Signal Corporation
- Honeywell International Inc.
- Nuova ASP Srl
- Omron Corporation
- Oslo Switch Inc.
- Patlite (U.S.A.) Corporation
- Potter Electric Signal Company, LLC
- Robert Bosch GmbH
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 735 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2 Billion |
| Forecasted Market Value (USD) by 2030 | $2.9 Billion |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Push Buttons and Signaling Devices - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed in 2021?
- These are Times When Questions Abound & Answers Are Few
- So How Fast Or Slow Are We Moving?
- How Fast the World is Vaccinated Will Determine How Soon the Pandemic Will End: Global Percentage (%) of Population Administered With Vaccines in Advanced Economies, Emerging Markets, and Low-Income Countries As of July 2021
- How & When Will the World Be Vaccinated? Global Number of Annual COVID-19 Vaccine Doses (In Million) for Years 2020 through 2025 by Geographic Region/Country
- Split Scenarios Unfold: The Great Vaccine Divide Emerges
- Time is of Essence! What We Know So Far - "Vaccine Efficiency Against New Strains is Decreasing"
- Progress on Vaccinations, Why Should Businesses Care?
- With IMF's Upward Revision of Global GDP Forecasts for 2021, Most Companies Are Bullish About an Economic Comeback Despite a Continuing Pandemic
- A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2017, 2019, 2020, and 2022
- How the Oil & Gas, Automotive, Power & Chemical Industries Were Impacted by the Pandemic & What's the New Normal?
- The Automotive Industry
- Global Automotive Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- The Oil & Gas Sector
- Global Oil & Gas E&P Industry Spending (in US$ Billion) for 2015-2020
- The Power Sector
- Global Energy Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- The Chemical Industry
- Global Chemicals & Minerals Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
- 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
- High Levels of Workplace Related Accidents Bring Renewed Emphasis on Hazardous Area Safety Equipment: Breakdown of Annual Work Related Fatalities (In Thousands) Worldwide by Region
- Industrial Safety Regulations Underpin Market Growth
- Growing Costs Associated With Workplace Injuries & Absenteeism Encourages Voluntary Investments in Worker Safety Technologies
- The Sizeable Impact of Employee Absenteeism on Productivity & Revenue Means Companies Need to Step-Up Their Safety Programs: Direct Costs of Worker Absence as a Percentage of Payroll Expenditure
- An Attempt to Measure the Productivity Loss Suffered Due to Absent Employees Reveals Why Companies Need to Prioritize Safety Programs & Strategies: Total Cost of Productivity Loss as a Percentage of Payroll Expenditure
- High Cost of Unplanned Absence Means Health & Safety of Workers Should Take Center Stage if Companies Plan to Be Successful: Impact of Unplanned Absence (% Disruption Caused)
- 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
- Global Strobe Beacons Market by Type (in %) for 2020E
- 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/878phw
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