Push Buttons & Signaling Devices Market Subjected to Expand Moderately by 2024

Posted by Minakshi on March 22nd, 2021

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.

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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