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Signalling Devices Market

A Detailed Analysis of the Signalling Devices Market Based on Visual Signalling Devices and Audible Signalling Devices

From Safeguarding Machinery to Protecting Human Lives, Find out with PMR Why Signally Devices are Gaining Traction Globally and Creating Investments Opportunities for Manufacturers!

Signalling Devices Market Outlook (2022 to 2032)

The global signalling devices market size is projected to increase from US$ 3.3 billion in 2022 to US$ 4.9 billion by 2032. Over the projection period (2022 to 2032), global signalling device sales are likely to soar at 4.2% CAGR. In 2022, the worldwide signalling device industry was valued at US$ 3.1 billion.

A new estimation reveals that demand in the market will remain high for audible signalling devices. This is due to various advantages offered by these signalling devices. According to Persistence Market Research (PMR), audible signalling device demand is projected to rise at 4.1% CAGR through 2032.

Key Market Shaping Factors:

  • Growing focus on improving safety of physical assets and workers across various sectors is expected to fuel signalling device demand
  • Enforcement of stringent safety rules and regulations across several sectors will bolster signalling device sales
  • High penetration of automation to uplift signalling devices demand globally
  • Reduction of signalling device prices due to advancements in manufacturing technologies is projected to boost the market
  • Robust expansion of end-use sectors such as oil & gas, power generation, etc. is likely to support market expansion
  • Rising usage of LED lighting solutions is expected to positively impact market development
  • Widening applications of signalling devices in transportation sector will create growth prospects for the market

Signalling devices are equipment used to protect machinery and people across various sectors. These devices generate an alarm/signal to alert or warn about a specific hazard in both hazardous and non-hazardous environments.

Signalling devices have the potential to detect flaws in the system and lessen chances of accidents. They convey messages concerning machinery operating status of industrial equipment and manufacturing lines.

There are generally two types of signalling devices available in the market. These include audible signalling devices and visual signalling devices in the market. However, manufacturers are now shifting their focus on developing combined signalling devices.

For instance, E2S Warning Signals recently launched AL105NX alarm horn sounder & Xenon strobe. It is the industry standard for combined visual and audible signalling.

The new signalling devices (combination signalling devices) produce both an alarming sound as well as a visual flash signal. As a result, they are gaining immense traction across the world and will play a key role in boosting the overall market.

Signalling devices are generally connected to a control panel that triggers the signal in case of malfunction or trouble. Strobe lights and signal horns are few of the commonly used signalling devices used in industrial settings.

Companies in the contemporary world are striving hard to provide utmost safety to their employees and physical assets in factory premises. They are doing so by installing safety devices such as signalling devices and following safety norms to avoid hazards caused by flammable gasses, combustible dust, etc. at the workplace.

Growing usage of various signalling devices such as sirens, tower lights, and strobe beacons by companies to prevent potential hazards is expected to drive the global market swiftly.

Signalling devices are used in a wide range of applications ranging from hazardous area signalling to fire & industrial signalling. They have become critical components of safety management systems such as fire alarm systems, defense warning systems, dam safety systems, and earthquake warning systems.

By improving workplace safety, signalling devices help end users maintain high productivity and efficiency in various applications and sectors.

Increasing incidence of fire accidents globally coupled with rising focus on improving safety measures is expected to boost the global signalling devices industry.

In recent years, there has been a sharp increase in fire accidents globally, causing enormous damage to machinery, people, and property.

For instance, according to the Centre of Fire Statistics 2020 report of the International Association of Fire and Rescue Services, around 4.6 million fires and 30.8 thousand civilian fire deaths were reported by fire services across 46 countries in 2018.

Rise in fire accidents at an alarming rate is in turn compelling people to install fire alarm systems and signalling devices. Driven by this, global sales of signalling devices are likely to rise at a steady pace over the next ten years.

Rapid expansion of sectors such as oil & gas is anticipated to bolster signalling device sales. This is because signalling devices have become essential equipment in oil & gas stations to control and warn during emergencies.

Due to presence of highly explosive atmosphere, oil & gas sector is prone to high risks. As a result, emergency management systems such as fire alarms and lighting systems are becoming necessary in this sector. High adoption of these products will fuel market expansion during the assessment period.

Escalating demand for improved fire safety systems in sectors that are more prone to fire, such as oil & gas, petrochemicals, and power & utility is expected to create lucrative opportunities for signalling device manufacturers.

Leading companies are introducing novel signalling devices that meet regulatory standards. Products such as explosion and flame-proof signalling devices are gaining traction in the market.

For instance, recently E2S Warning Signals introduced GNExB2X05 Xenon Strobe Beacon. It is an explosion proof 5 joule Xenon beacon suitable for all Zone 1, 2, 21 & amp; 22 and Class I Div 2 hazardous location applications.

Further, lighting products are becoming popular due to the advent of light-emitting diode (LED) technologies.

Companies are also focusing on offering customized solutions which are likely to help them attract more and more customers.

Attributes Key Insights

Estimated Global Signalling Devices Market Size (2022)

US$ 3.3 billion

Projected Global Signalling Devices Market Value (2032)

US$ 4.9 billion

Value-based CAGR (2022 to 2032)

4.2%

United States Market CAGR (2022 to 2032)

3.0%

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2017 to 2021 Global Signalling Devices Sales Outlook Compared to Demand Forecast from 2022 to 2032

According to Persistence Market Research (PMR), global sales of signalling devices rose at a CAGR of 5.1% during the historical period from 2017 to 2021. Total market size at the end of 2021 reached US$ 3.1 billion.

Looking ahead, the global market of signalling devices is projected to expand at a CAGR of 4.2% CAGR between 2022 and 2032. It is likely to generate an absolute $ opportunity of US$ 1.6 billion during the assessment period.

Growing usage of signalling devices across residential, commercial, and industrial sectors is providing a strong impetus for the growth of the global market.

Signalling devices have become essential safety solutions for protecting machines, workers, and property. They are being widely used in factories, houses, and commercial establishments for improving safety and reducing chances of fires.

Growing focus on improving safety along with implementation of stringent safety regulations is expected to boost the global signalling devices industry.

Subsequently, robust growth of manufacturing sector and development of novel signalling devices with advanced features will fuel market expansion.

Signalling devices have emerged as crucial safety devices in the manufacturing sector. They help users to continuously monitor machinery and reduce chances of accidents such as fire and explosions.

Escalating need for improving workplace safety in manufacturing sector will therefore continue to uplift signalling device demand during the assessment period.

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Country-wise Insights:

Projected CAGR (2022 to 2032):

Countries Projected CAGR (2022 to 2032)

United States

3.0%

United Kingdom

2.6%

China

5.6%

Japan

4.4%

South Korea

4.6%

Market Value (2032):

Countries Market Value (2032)

United States

~US$ 0.721 billion

United Kingdom

~US$ 0.132 billion

China

~US$ 1.2 billion

Japan

~US$ 0.838 billion

South Korea

~US$ 0.299 billion

Historical CAGR (2017 to 2021):

Countries Historical CAGR (2017 to 2021)

United States

2.1%

United Kingdom

0.8%

China

7.2%

Japan

6.1%

South Korea

6.5%

What Makes the United States a Significant Market for Signalling Devices?

According to Persistence Market Research (PMR), the United States signalling devices industry is projected to surpass a valuation of around ~US$ 0.721 billion by 2032. It is likely to generate an absolute $ opportunity of US$ 0.186 billion between 2022 and 2032.

From 2022 to 2032, the signalling device sales in the United States market are predicted to soar at 3.0% CAGR. Hence, it will remain a lucrative market for signalling device manufacturers.

Rise in fire incidents and growing focus on improving safety of machines & workers are key factors expected to boost the United States signalling devices market. Subsequently, implementation of stringent safety norms and regulations will elevate signalling device demand in the country.

Over the years, there has been a sharp rise in fire incidents across the United States. For instance, as per the National Fire Protection Association’s (NFPA) latest report, there was an 8% increase in the United States fires from 2019 to 2020. This in turn is encouraging people to install signalling devices which will eventually boost the market.

Adoption of signalling devices is helping users to significantly reduce chances of fire and minimize damage. These safety devices are being installed in residential, commercial, and industrial sectors to enhance safety. Driven by this, sales of signalling devices in the United States will rise at a steady pace.

Will China Retain Leading Shares in the Global Signalling Devices Industry?

China is anticipated to retain its dominance in the global signalling devices industry during the forecast period. This is due to rising usage of signalling devices in hazardous area signalling, heavy presence of leading signalling device manufacturers, and availability of cost-effective products.

As per the latest report, China signalling devices market is projected to thrive at a steady CAGR of 5.6% between 2022 and 2032. Total market valuation in China at the end of 2032 is set to reach around US$ 1.2 billion.

The ongoing expansion of oil & gas and mining sectors is another key factor expected to bolster signalling device sales in China.

Signalling devices are being widely used in sectors such as mining and oil & gas to protect physical assets and workers from potential hazards. These safety devices warn people of potential hazards that could otherwise lead to devastating results.

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Category-wise Insights:

Historical CAGR (2017 to 2021):

Top Segment (Type) Details
Audible Signalling Devices 4.9%

Projected CAGR (2022 to 2032):

Top Segment (Type) Details
Audible Signalling Devices 4.1%

Historical CAGR (2017 to 2021):

Top Segment (Application) Details
Fire & Industrial Signalling 4.7%

Projected CAGR (2022 to 2032):

Top Segment (Application) Details
Fire & Industrial Signalling 4.0%

Which Type of Signalling Device has Dominant Demand in the Global Market?

Based on type, the global market is segmented into audible signalling devices and visual signalling devices. Among these, demand is projected to remain high for audible signalling devices as compared to those of visual ones.

Growth of the target segment is due to rising end user preference for audible signalling equipment on account of their various advantages.

According to Persistence Market Research (PMR), audible signalling devices segment grew at 4.9% CAGR from 2017 to 2021. For the projection period, a CAGR of 4.1% has been predicted for the target segment. Hence, it will remain the top revenue-generating segment through 2032.

Audible signalling devices are gaining wider popularity for improving safety of machines, systems, and workers. Audible signalling devices including sirens, signal horns, alarm sirens, etc. are used to warn of immediate dangers and to make people aware of any changes to processes.

Audible devices are particularly used in areas or environments where there is no visual contact between workers and signalling devices. These signalling devices signal faults or dangerous situations acoustically. They have the tendency to draw attention of people when it really matters.

Inexpensive nature and lower maintenance costs are other key factors fueling adoption of audible signalling devices, especially in emerging nations. Growing usage of audible signalling devices across small and large establishments will boost the target market.

Which is the Highly Remunerative Application of Signalling Devices?

Based on application, the global signalling devices industry is divided into fire & industrial signalling, hazardous area signalling, and wide area signalling. Among these, Persistence Market Research (PMR) predicts fire & industrial to remain the most lucrative application of signalling devices.

The fire & industrial segment is projected to exhibit 4.0% CAGR through 2032, in comparison to 4.7% CAGR registered from 2017 to 2021.

Increasing incidents of fire accidents and growing focus on improving safety of machines and workers in various industries are boosting growth of the target segment.

Signalling devices are being widely used in a variety of industries and other establishments to prevent fire or minimize damage to property or workers. These devices have become indispensable components of modern fire alarm systems.

In automatic fire alarm systems, signalling devices initiate audible or visual warnings during the detection of fire. These signals alert occupants of the danger so that they can evacuate the premises.

Rising need for improving workplace safety and preventing chances of fire and other mishappening is expected to elevate signalling device demand during the assessment period.

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Competitive Landscape:

Leading signalling device manufacturers profiled in the report include Rockwell Automation, Inc., ABB Ltd., Siemens AG, Tomar Electronics, Inc., Honeywell International, Inc., E2S Warning Signals, Emerson Electric Co., R. Stahl AG, Patlite Corporation, Thales Group, Eaton Corporation PLC, NHP Electrical Engineering Products Pty Ltd., Koninklijke Philips Electronics N.V, Koito Manufacturing Co, Werma Signaltechnik GmbH, Potter Electric Signal Company, LLC, L3 Communications Holdings, Moni Log, and HollySys Automation Technologies Ltd.

These key players are employing various strategies to increase their sales, expand their customer base, and gain a competitive edge in the market. These strategies include new product launches, investment in research & development, facility expansions, price reduction, mergers, acquisitions, partnerships, collaborations, etc.

Recent developments:

  • In January 2023, Siemens expanded its fire detection portfolio with the launch of two novel aspirating smoke detectors. These include FDA261 and FDA262. They are ideal for critical infrastructure and very large protection areas.
  • In June 2022, VisioLoc geolocalisation system was introduced by Thales. The new solution enables land forces to generate accurate geolocation coordinates in any environment.
  • In 2021, E2S Warning Signals introduced its new next-generation SIL1 and SIL2 compliant warning devices.
  • In 2021, R. STAHL introduced YODALEX/3, an expanded standardized performance standard for its signalling devices.

Scope of the Report:

Attribute Details

Estimated Market Value (2022)

US$ 3.3 billion

Projected Market Value (2032)

US$ 4.9 billion

Anticipated Growth Rate (2022 to 2032)

4.2% CAGR

Historical Data

2017 to 2021

Forecast Period

2022 to 2032

Quantitative Units

  • Revenue in US$ Billion
  • Volume in Units
  • CAGR from 2022 to 2032

Report Coverage

  • Revenue Forecast
  • Volume Forecast
  • Company Ranking
  • Competitive Landscape
  • Growth Factors
  • Trends and Pricing Analysis

Segments Covered

  • Type
  • Application
  • Region

Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East & Africa

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Nordic
  • Russia
  • Poland
  • China
  • India
  • Thailand
  • Indonesia
  • Australia and New Zealand
  • Japan
  • GCC countries
  • North Africa
  • South Africa
  • Others

Key Companies Profiled

  • Siemens AG
  • Honeywell International, Inc.
  • ABB Ltd.
  • Rockwell Automation, Inc.
  • Eaton Corporation PLC
  • Emerson Electric Co.
  • Patlite Corporation
  • Thales Group
  • R. Stahl AG
  • E2S Warning Signals
  • Koninklijke Philips Electronics N.V
  • NHP Electrical Engineering Products Pty Ltd.
  • Koito Manufacturing Co
  • Werma Signaltechnik GmbH
  • L3 Communications Holdings
  • Potter Electric Signal Company, LLC
  • Tomar Electronics, Inc.
  • Moni Log
  • HollySys Automation Technologies Ltd

Global Signalling Devices Market Segmentation:

By Type:

  • Visual Signalling Devices
  • Audible Signalling Devices

By Application:

  • Hazardous Area Signalling
  • Fire & Industrial Signalling
  • Wide Area Signalling

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

- Companies Covered in This Report -

  • Siemens AG
  • Honeywell International, Inc.
  • ABB Ltd.
  • Rockwell Automation, Inc.
  • Eaton Corporation PLC
  • Emerson Electric Co.
  • Patlite Corporation
  • Thales Group
  • R. Stahl AG
  • E2S Warning Signals
  • Koninklijke Philips Electronics N.V
  • NHP Electrical Engineering Products Pty Ltd.
  • Federal Signal Corporation
  • Koito Manufacturing Co
  • Werma Signaltechnik GmbH
  • L3 Communications Holdings
  • Potter Electric Signal Company, LLC
  • Tomar Electronics, Inc.
  • Moni Log
  • HollySys Automation Technologies Ltd

- Frequently Asked Questions -

As per PMR, the global signalling devices industry was valued at US$ 3.1 billion in 2021.

The global signalling devices market was approximated at around US$ 3.3 billion in 2022.

The worldwide signalling devices industry is projected to cross a valuation of US$ 4.9 billion by 2032.

The global market for signalling devices expanded at a CAGR of 5.1% from 2017 to 2021.

Global signalling device demand is projected to increase at 4.2% CAGR between 2022 and 2032.

Fire & industrial signalling application is expected to create lucrative opportunities for signalling device companies.

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