Push Buttons & Signaling Devices Market Size, Share, Upcoming Trends, Business Growth, Competitive Landscape and Forecast to 2024
Push buttons and signaling devices enable
operators to control machines in case of emergency. Push buttons are used to
initiate, halt, or terminate industrial processes and are designed in a way
that they can be operated single handedly. On the other hand, signaling devices
are designed to send audio-visual alerts to operators across facilities and
therefore, prevent unwanted downtime and breakdowns. Easy installation and
operability of push
buttons and signaling devices
determine the adoption of these devices by manufacturing facilities. Increasing
accidents in manufacturing facilities have encouraged the adoption of signaling
devices for instant notifications. Also, with the advancement in technology and
connected devices, the manufacturers of push buttons and signaling devices have
started developing wireless devices to remotely access these devices and gain
insights about machinery in real-time.
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Key Players
The key players in the push buttons &
signaling devices market are identified across all the major regions based on
their country of origin, presence across different regions, recent key
developments, product diversification, and industry expertise. Some of them are
Eaton PLC (Ireland), Omron Corporation (Japan), Schneider Electric (France),
Thomas & Betts Corporation (US), Robert Bosch GmbH (Germany), Rockwell
Automation Inc. (US), Siemens AG (Germany), PATLITE Corporation (US), Potter
Electric Signal Company LLC (US), Honeywell International Inc. (US), ABB Ltd
(Switzerland), Emerson Electric Co. (US), GENERAL ELECTRIC (US), Koninklijke
Philips Electronics NV (Netherlands), and Thales Group (France). The companies
are focused on innovating their existing product portfolio as well as develop
new products by investing in research and development to analyze the changing
market trends.
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Regional Analysis
The market for push buttons &
signaling devices is estimated to grow at a significant rate during the
forecast period from 2019 to 2024. The geographic analysis of push buttons
& signaling devices market has been conducted for North America, Europe,
Asia-Pacific, and the rest of the world (including the Middle East &
Africa, and South America). According to MRFR analysis, North America is
expected to dominate the push buttons & signaling devices market in terms
of revenue during the forecast period. Also, the region witnesses a major
concentration of manufacturing facilities in the US and Canada, resulting in
the growth of the regional market. On the contrary, the Asia-Pacific region is
expected to grow with the highest CAGR during the forecast period. Increasing
adoption of automation and similar technologies in manufacturing plants has
increased the demand for push buttons & signaling devices in the region.
Moreover, government regulations favoring the safety of employees in developing
countries including Taiwan, India, and South Korea is anticipated to fuel the
market growth.
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