Signaling Devices Market is estimated to reach US$ 2675.3 million Signaling Devices Market to 2025 | Seite 2
Signaling Devices Market to 2025
Introduction
Every year more than 37,000 fire and explosion accidents occurs in industries and manufacturing areas, leading to
loss of property and life. Costly breakdowns, material shortages or manufacturing environment safety are some of
the concerns need to be addressed with signaling devices installation in industries. Signaling devices by geography is
segmented as North America, Europe, APAC, SAM and MEA. North America and Europe being most developed
region globally and are also having strict government safety regulations, therefore is expected to account around
60% of the total signaling devices market. Many of the industrial, mining, oil & gas plants as well as commercial
segment across the globe are facing serious issues related to explosion and accidents due to lack of on-time
hazardous warning. The Signaling Devices market accounted for US$ 1520.0 million in 2016 and is expected to grow
during the forecast period 2017 – 2025, to account for US$ 2675.3 million in 2025.
The report focuses on an in-depth segmentation of this market based by type, application, and end-user industry.
The geographic segmentation of the report covers five major regions including; North Americas, Europe, Asia-Pacific
(APAC), Middle East and Africa (MEA) and South America (SAM). The regional market has been further bifurcated by
respective countries. By end-user vertical warehouse and factories sector accounted for the largest share of the
signaling devices market in 2016; whereas, APAC region is expected to grow at the highest CAGR during the forecast
period.
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