A signaling device works like an alarm system when trouble or negativity is detected. It is basically an electronic device that is capable of detecting flaws in the system and sending warning sign to mitigate the chances of accident. Multiple industries such as manufacturing, warehouse, marine and mining use machinery which are risky to operate and can be hazardous if not handled properly. Thus the safety of machine operator has always been the priority in every industry. With growing awareness of Signaling Devices, the demand for this market has led to high standards. Signaling devices have proven to be effective in mitigating the anticipated accidents and early detection of glitches assist in smooth running of the production processes.
With this market success, research experts of IndustryARC estimate Global Signaling Device Market size to be around $2.13 Billion by the end of the forecast period 2015-2020.

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MARKET TRENDS AND MARKET GROWTH ASPECTS:
Market Driving Factors:
The top two notable market drivers are noted to be
• The growing focus on safety in industrial sector.
• The flourishing E-Commerce sector.

Segment Wise Study Insights:
By the end of the forecast period, Oil & Gas and Chemical & Petrochemical Segments are projected to account for nearly 34% of the total revenue of Signaling Devices Market.
Among the type of signaling devices, visual signaling devices is hoped to capture the maximum market share following by beacons which will be around 28% of the total share.
The growing number of oil refineries will consistently keep the demand of signaling devices high. Also the flourishing E-commerce segment will require more warehouses which in turn will increase thedemand for signaling devices.

Market Applications Brief:
These devices are utilized in numerous applications and have found growing adoption in recent years. Signaling devices are an important aspect of any safety management system such as Dam Safety System, Earthquake Warning System, Fire alarm system and Defense warning systems and others. They have an important role of highlight the target about the change in parameters.
Regional Analysis of the Market:

The past of Signaling Devices Market held APAC as the leading geography with around $188.7 million in 2014. About the future, industry experts have estimated that APAC will grow at a 3.13% CAGR during the observation period 2015-2020. On the other hand, the America is expected to grow with the highest growth rate of 3.48% CAGR during the forecast period. But the overall market leader will remain to be APAC even by 2020.

REPORT SCOPE:
Apart from Market Segmentation and Key Players, the report also includes pricing and value chain analysis separately that will provide key insights and market scenario. Forecasts are provided for all the market segments for the period 2015-2020.

Market Segmentation:
Signaling Devices Market is divided into 4 broad types based on certain factors as mentioned later below. These sub segments are further yet classified into deeper stems which are in detail mentioned in this report.
1. By Types: Visual Signaling Devices, Audible Signaling Devices, Control Devices and Others.
2. By Area of Application: Hazardous Area Signaling, Fire and Industrial Signaling, Wide Area Signaling.
3. By End Use Verticals: Warehouse and Factories, Mining, Marine, Commercial and Others.
Warehouse & Factories being a large segment is classified further into Automotive, Food & Beverage, Chemical & Petrochemical, Aerospace, Defense, Oil & Gas, Medical Devices, Paper & Pulp and Others.
4. By Geography: Americas, Europe, APAC and ROW.

Key Market Players:
Few of the top notable competitors among the entire list of players of the Signaling Devices Market which are studied and analyzed by IndustryARC experts in this research report are:
• SIEMENS
• Hollysys Automation Technologies Ltd
• Rockwell Automation
• Werma Signaltechnik
• Eaton Corporation, Plc
• Emerson Electric Co.
• Honeywell International Inc.
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