With Market Size Valued at $2.4 Billion by 2026, it`s a Healthy Outlook for the Global Push Buttons and Signaling Devices Market

BY PR Newswire | ECONOMIC | 11/16/21 10:30 AM EST

SAN FRANCISCO, Nov. 16, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled?"Push Buttons and Signaling Devices - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

Global Push Buttons and Signaling Devices Market

FACTS AT A GLANCE
Edition:?7;?Released:?November 2021
Executive Pool:?8198
Companies:?286 - Players covered include ABB Group; American Distributors LLC; BACO Controls, Inc.; Eaton Corporation PLC; EUCHNER Pvt. Ltd.; Honeywell International, Inc.; Johnson Electric Group; Omron Corporation; Patlite Corporation; Rockwell Automation, Inc.; Schneider Electric SA; Siemens Industry Inc. and Others.
Coverage:?All major geographies and key segments
Segments:?Type (Signaling Devices, Push Buttons); End-Use
Geographies:?World; United States; Canada; Japan; China; Europe ; Asia-Pacific; Rest of World.

Complimentary Project Preview -?This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass? Platform which offers thousands of data bytes without an obligation to purchase our report.?Preview Registry

ABSTRACT-

Global Push Buttons and Signaling Devices Market to Reach US$2.4 Billion by the Year 2026
Push-button switches are used for turning on control circuits and switching them off. The switch is a controlling tool used exhaustively in automatic electrical control circuits for manually transmitting a control signal to a control contactor, electromagnetic starters, and relays. While industrial safety regulations have given impetus to growth and progress of the market over the years, healthy trajectory in various end-use verticals, and wider availability of sophisticated signaling devices, have propelled market expansion in a major way. Entities such as Occupational Safety and Health Administration (OSHA) and the National Fire Protection Association (NFPA) have long formulated and implemented rules and regulations for industrial safety, while mandating or recommending the use of safety technologies in hazardous as well as non-hazardous industrial sites. The regulatory thrust steered widespread deployments of AV signaling devices, which generate signals during hazard events in workplaces to help people to evacuate from the danger area. Utility companies are coming under pressure to adopt energy efficient and sustainable technologies. The favorable scenario for utilities in the post pandemic period will drive opportunities for worker safety technologies including push buttons and signaling devices. The post pandemic outlook is fairly encouraging for push buttons and signaling devices as recovery in plant/production activity will lead to a parallel focus shed on worker safety and health.

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. More

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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

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Email: ZA@StrategyR.com

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SOURCE Global Industry Analysts, Inc.

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