Market Overview:
The global industrial signal light market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for industrial signal lights in various applications such as chemical and pharmaceutical, food and beverages, energy and power, mining, and others. In addition, the growing awareness about safety among workers is also propelling the demand for industrial signal lights across the globe. Based on type, modular industrial signal light held a major share of the global market in 2017. This type of light is easy to install and requires low maintenance as compared to other types of signals lights available in the market.
Product Definition:
An industrial signal light is a device that is used to indicate the status of a process or system. It may be used to indicate the presence of danger, the need for action, or the completion of a task.
Modular Industrial Signal Light:
Modular industrial signal light is a device used to communicate with the workers in factories, warehouses and construction sites. The modular industrial signal light has replaceable bulbs that are used for various applications such as warning lights, work lights or general illumination. These signals are available in different shapes and sizes depending upon the application requirements.
Pre-Assembled Industrial Signal Light:
Pre-assembled industrial signal light is a group of lights which are used to indicate certain parameters such as danger, caution or warning. These lights are widely used in industries such as power generation, oil & gas and mining for indicating various important operational and safety information. Pre-assembled industrial signal light is an electrical equipment comprising of multiple lamps that produce a specific pattern of flash or steady illumination according to the necessity.
Application Insights:
The others application segment includes transportation, manufacturing and infrastructure. The global industrial signal light market is expected to witness significant growth in the other applications over the forecast period owing to increasing demand for safety and security at various sites across the globe.
The chemical and pharmaceutical industry is one of the largest users of modular pre-assembled industrial signal lights as they offer a cost-effective solution while enhancing workplace safety. Modular pre-assembled industrial signal lights are designed in a way that they can be easily assembled or dismantled depending upon requirements. They also ensure easy installation on account of being equipped with all necessary components including LED lamps, ballasts, controllers etc., Thus driving their demand across this industry sector over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a revenue share of more than 35% in 2017 owing to increasing industrialization, coupled with growing investments by foreign players. In addition, rising demand for energy-efficient lighting solutions is anticipated to drive regional growth over the forecast period.
The U.S., being one of the most developed countries globally, has a well-established manufacturing sector that uses various signaling systems across various industries such as food and beverages; healthcare and life sciences; transportation and logistics; oil and gas; power generation; construction materials among others. This factor is anticipated to propel regional growth during the forecast period. Moreover, Europe also accounts for significant market share due to high demand from several application sectors such as chemical processing facilities along with other industries using modular industrial signal lights such as metal processing plants or paper mills among others).
Growth Factors:
- Increasing demand for signal lights from the automotive industry as a result of increasing production and sales of automobiles.
- Growing demand for signal lights from the construction industry due to increasing infrastructure development activities across the globe.
- Rising adoption of LED-based signal lights, which are more energy efficient and have a longer life span than traditional incandescent bulbs, resulting in lower replacement costs over time.
- Increasing awareness about the benefits of using signal lights among end users, which is helping to drive their adoption in various industries worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Signal Light Market Research Report
By Type
Modular Industrial Signal Light, Pre-Assembled Industrial Signal Light
By Application
Chemical and Pharmaceutical, Food and Beverages, Energy and Power, Mining, Others
By Companies
Patlite Corporation, Federal Signal Corporation, Werma Signaltechnik GmbH, Eaton Corporation PLC (Cooper Industries), Rockwell Automation, Inc., Schneider Electric, Auer Signal, Sirena S.p.A., Pfannenberg, Edwards Signaling, Moflash Signalling Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
161
Number of Tables & Figures
113
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Signal Light Market Report Segments:
The global Industrial Signal Light market is segmented on the basis of:
Types
Modular Industrial Signal Light, Pre-Assembled Industrial Signal Light
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Chemical and Pharmaceutical, Food and Beverages, Energy and Power, Mining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Patlite Corporation
- Federal Signal Corporation
- Werma Signaltechnik GmbH
- Eaton Corporation PLC (Cooper Industries)
- Rockwell Automation, Inc.
- Schneider Electric
- Auer Signal
- Sirena S.p.A.
- Pfannenberg
- Edwards Signaling
- Moflash Signalling Ltd
Highlights of The Industrial Signal Light Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Modular Industrial Signal Light
- Pre-Assembled Industrial Signal Light
- By Application:
- Chemical and Pharmaceutical
- Food and Beverages
- Energy and Power
- Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Signal Light Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial signal lights are used in factories, warehouses, and other industrial settings to indicate the presence of personnel or equipment. They typically emit a bright light that can be seen from a distance.
Some of the major players in the industrial signal light market are Patlite Corporation, Federal Signal Corporation, Werma Signaltechnik GmbH, Eaton Corporation PLC (Cooper Industries), Rockwell Automation, Inc., Schneider Electric, Auer Signal, Sirena S.p.A., Pfannenberg, Edwards Signaling, Moflash Signalling Ltd.
The industrial signal light market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Signal Light Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Industrial Signal Light Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Industrial Signal Light Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Industrial Signal Light Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Industrial Signal Light Market Size & Forecast, 2020-2028 4.5.1 Industrial Signal Light Market Size and Y-o-Y Growth 4.5.2 Industrial Signal Light Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Modular Industrial Signal Light
5.2.2 Pre-Assembled Industrial Signal Light
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Chemical and Pharmaceutical
6.2.2 Food and Beverages
6.2.3 Energy and Power
6.2.4 Mining
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Signal Light Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Signal Light Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Modular Industrial Signal Light
9.6.2 Pre-Assembled Industrial Signal Light
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Chemical and Pharmaceutical
9.10.2 Food and Beverages
9.10.3 Energy and Power
9.10.4 Mining
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Modular Industrial Signal Light
10.6.2 Pre-Assembled Industrial Signal Light
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Chemical and Pharmaceutical
10.10.2 Food and Beverages
10.10.3 Energy and Power
10.10.4 Mining
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Modular Industrial Signal Light
11.6.2 Pre-Assembled Industrial Signal Light
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Chemical and Pharmaceutical
11.10.2 Food and Beverages
11.10.3 Energy and Power
11.10.4 Mining
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Modular Industrial Signal Light
12.6.2 Pre-Assembled Industrial Signal Light
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Chemical and Pharmaceutical
12.10.2 Food and Beverages
12.10.3 Energy and Power
12.10.4 Mining
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Modular Industrial Signal Light
13.6.2 Pre-Assembled Industrial Signal Light
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Chemical and Pharmaceutical
13.10.2 Food and Beverages
13.10.3 Energy and Power
13.10.4 Mining
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Signal Light Market: Competitive Dashboard
14.2 Global Industrial Signal Light Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Patlite Corporation
14.3.2 Federal Signal Corporation
14.3.3 Werma Signaltechnik GmbH
14.3.4 Eaton Corporation PLC (Cooper Industries)
14.3.5 Rockwell Automation, Inc.
14.3.6 Schneider Electric
14.3.7 Auer Signal
14.3.8 Sirena S.p.A.
14.3.9 Pfannenberg
14.3.10 Edwards Signaling
14.3.11 Moflash Signalling Ltd