Market Overview:
The global signal tower 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 signal towers in various applications such as oil and gas, chemical and pharmaceutical, food and beverages, energy and power, mining, among others. Additionally, the growing infrastructure development in emerging economies is also propelling the growth of this market. However, factors such as high installation cost may restrain the growth of this market to some extent during the forecast period.
Product Definition:
A signal tower light is a type of beacon that is used to indicate the presence of a railway signal. These lights are typically placed at the top of a signal tower, and they are used to help ensure that trains travelling through the area know when it is safe to proceed.
Modular Signal Towers:
Modular signal towers, also known as mobile radio communication towers or mobile communications tower is a type ofsignal tower used for providing better coverage within a small geographic area. They are generally placed in areas where the topography is unsuitable for the installation of full-scale permanent structures.
Pre-assembled Signal Towers:
Pre-assembled signal towers are used in the construction of signal tower light. They are made up of aluminum and other metals which provide a corrosion resistant, sturdy, and durable structure to the signal tower light. The components such as base plate, mast Step & Rail System (SR), crossarm kit with fittings, cap kit with fittings; everything is pre- assembled thereby reducing installation time by half.
Application Insights:
The oil and gas application segment accounted for the largest revenue share in 2016. The global signal tower light market is expected to witness significant growth owing to the increasing need for energy conservation and emission reduction in order to meet environmental standards. Furthermore, growing demand for crude oil as an energy source is anticipated to augment the product demand over the forecast period.
The chemical and pharmaceutical industry requires a high level of security at manufacturing units as well as storage facilities due to sensitive information being stored or processed there. Modular signal towers are widely used in this industry on account of their compactness, flexibility & mobility, ease of installation/removal along with low maintenance cost when compared with other types of towers such as pre-assembled towers or steel structures.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a growth rate of 5.6% over the forecast period, owing to increasing demand for energy and power solutions from various industries across the U.S., Canada, and Mexico. Moreover, rising oil and gas exploration activities are projected to drive product demand in North America over the next eight years.
Growth Factors:
- Increasing demand for signal tower lights from the telecom sector as they are used to provide better coverage and improve network quality
- Growing adoption of LED technology in signal tower lights, which is resulting in lower power consumption and longer life span
- Proliferation of smart cities and the increasing demand for intelligent transportation systems (ITS) that use signal tower lights for traffic control and management
- Rising concerns over safety and security, especially after terrorist attacks, has led to an increase in the installation of CCTV cameras along with signal tower lights
- Growing awareness about the benefits of using energy-efficient LED lighting is helping to drive the market growth for signal tower lights
Scope Of The Report
Report Attributes
Report Details
Report Title
Signal Tower Light Market Research Report
By Type
Modular Signal Towers, Pre-assembled Signal Towers
By Application
Oil and Gas, 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, Patlite Corporation
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
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Signal Tower Light Market Report Segments:
The global Signal Tower Light market is segmented on the basis of:
Types
Modular Signal Towers, Pre-assembled Signal Towers
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
Oil and Gas, 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
- Patlite Corporation
Highlights of The Signal Tower 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 Signal Towers
- Pre-assembled Signal Towers
- By Application:
- Oil and Gas
- 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 Signal Tower 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
The Signal Tower Light is a lighthouse located in the town of Eastport, Maine. It was built in 1892 and is the last remaining wooden lighthouse on the US Atlantic coast. The tower is open to visitors during summer months.
Some of the major players in the signal tower 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, Patlite Corporation.
The signal tower 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 Signal Tower 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 Signal Tower Light Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Signal Tower 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 Signal Tower 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 Signal Tower Light Market Size & Forecast, 2018-2028
4.5.1 Signal Tower Light Market Size and Y-o-Y Growth
4.5.2 Signal Tower Light Market Absolute $ Opportunity
Chapter 5 Global Signal Tower Light 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 Signal Tower Light Market Size Forecast by Type
5.2.1 Modular Signal Towers
5.2.2 Pre-assembled Signal Towers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Signal Tower Light 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 Signal Tower Light Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Chemical and Pharmaceutical
6.2.3 Food and Beverages
6.2.4 Energy and Power
6.2.5 Mining
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Signal Tower 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 Signal Tower 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 Signal Tower Light Analysis and Forecast
9.1 Introduction
9.2 North America Signal Tower Light 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 Signal Tower Light Market Size Forecast by Type
9.6.1 Modular Signal Towers
9.6.2 Pre-assembled Signal Towers
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 Signal Tower Light Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Chemical and Pharmaceutical
9.10.3 Food and Beverages
9.10.4 Energy and Power
9.10.5 Mining
9.10.6 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 Signal Tower Light Analysis and Forecast
10.1 Introduction
10.2 Europe Signal Tower Light 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 Signal Tower Light Market Size Forecast by Type
10.6.1 Modular Signal Towers
10.6.2 Pre-assembled Signal Towers
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 Signal Tower Light Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Chemical and Pharmaceutical
10.10.3 Food and Beverages
10.10.4 Energy and Power
10.10.5 Mining
10.10.6 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 Signal Tower Light Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Signal Tower Light 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 Signal Tower Light Market Size Forecast by Type
11.6.1 Modular Signal Towers
11.6.2 Pre-assembled Signal Towers
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 Signal Tower Light Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Chemical and Pharmaceutical
11.10.3 Food and Beverages
11.10.4 Energy and Power
11.10.5 Mining
11.10.6 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 Signal Tower Light Analysis and Forecast
12.1 Introduction
12.2 Latin America Signal Tower Light 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 Signal Tower Light Market Size Forecast by Type
12.6.1 Modular Signal Towers
12.6.2 Pre-assembled Signal Towers
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 Signal Tower Light Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Chemical and Pharmaceutical
12.10.3 Food and Beverages
12.10.4 Energy and Power
12.10.5 Mining
12.10.6 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) Signal Tower Light Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Signal Tower Light 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) Signal Tower Light Market Size Forecast by Type
13.6.1 Modular Signal Towers
13.6.2 Pre-assembled Signal Towers
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) Signal Tower Light Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Chemical and Pharmaceutical
13.10.3 Food and Beverages
13.10.4 Energy and Power
13.10.5 Mining
13.10.6 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 Signal Tower Light Market: Competitive Dashboard
14.2 Global Signal Tower 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 Patlite Corporation
