Global Audible & Visual Signaling Devices Report 2023: Industrial Safety Regulations Underpin Market Growth

DUBLIN, June 8, 2023 /PRNewswire/ -- The "Audible & Visual Signaling Devices: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Audible and Visual Signaling Devices estimated at US$1.7 Billion in the year 2022, is projected to reach a revised size of US$2.4 Billion by 2030, growing at a CAGR of 4% over the analysis period 2022-2030.

Strobe Beacons, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$1 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Lighting segment is readjusted to a revised 3.8% CAGR for the next 8-year period.

The U.S. Market is Estimated at $339.2 Million, While China is Forecast to Grow at 6.2% CAGR

The Audible and Visual Signaling Devices market in the U.S. is estimated at US$339.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$333.8 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 2.3% and 3.2% respectively over the 2022-2030 period.

Within Europe, Germany is forecast to grow at approximately 2.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$323.8 Million by the year 2030.

Select Competitors (Total 68 Featured) -

• Auer Signal GmbH
• E2s Warning Signals
• Eaton Corporation PLC
• Federal Signal Corporation
• Moflash Signalling Ltd.
• Patlite Corporation
• Pfannenberg Group Holding GmbH
• Potter Electric Signal Company LLC
• R. Stahl AG
• Tomar Electronics, Inc.
• WERMA Signaltechnik GmbH + Co. KG,

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Safety at Work Place Throws the Focus on Audible and Visual Signaling Devices
• An Introduction to Audible & Visual Signaling Devices
• Audible & Visual Signaling Devices: Current Market Scenario and Outlook
• Developing Regions Emerge as Core Markets for AV Signaling Devices
• Revenue Contribution of Developed Regions Remains High
• Product Segment Analysis
• Strobe Beacons Dominate the Market
• Lighting Systems: Another Major Product Category
• Bells & Horns Remain Sought After Industrial Safety Tools
• Growing Importance of Fire Alarms
• Economic Scenario and its Influence on AV Signaling Devices Market
• Real GDP Growth Rates in % by Country/Region for the Years 2017 through 2020
• Audible & Visual Signaling Devices - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Rise in Workplace Accidents Fuels Demand for AV Signaling Devices
• High Levels of Workplace Related Accidents Bring Renewed Emphasis on Audible and Visual Signaling Devices: Breakdown of Annual Work Related Fatalities (In Thousand) in the World by Region
• Growing Emphasis on Industrial Safety Creates Fertile Environment for Growth of Audible & Visual Signaling Devices Market
• Industrial Safety Regulations Underpin Market Growth
• Market Stands to Gain from Rapidly Evolving Role of Industry 4.0 and 'Smart Factory' in the Global Industrial Landscape
• Major Industry 4.0 Technologies (2020E): Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines
• Global Manufacturing CAPEX Spending (In US$ Million) by Sector for the Period 2016-2018
• Industrial IoT Gives Impetus to Market Expansion
• Oil & Gas Sector: Major Consumer of AV Signaling Devices
• Sustained Reliance on Fossil Fuels and Ensuing Demand for Oil Bodes Well for Market Expansion: Global Crude Oil Production (in Mt) by Region for the Years 2014, 2016 and 2018
• Worldwide E&P Capital Spending in $ Billion by Region and Type of Company for the Period 2017-2019
• North American E&P Capital Spending in $ Billion by Type of Company (2017-2019)
• Chemical & Pharmaceutical Enterprises Rely on AV Signaling Devices to Ensure Workplace Safety
• AV Signaling Devices Gain Traction in Food & Beverage Facilities
• Product Innovations & Improvements
• Growth in LED Lighting Solutions to Propel the Market for AV Signaling Devices
• Flourishing E-Commerce Sector to Drive Growth Opportunities
• Global B2C E-Commerce Sales in US$ Trillion for the Years 2017, 2019, 2021 and 2023

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/ex6ljy

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