Emergency Warning Lights Market Expected to Expand at a Steady CAGR through 2018-2028
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[UKPRwire, Tue Dec 04 2018] Emergency warning lights are lighting devices that provide visual signaling to people in hazardous situations. In situations of accidents, mishaps, fire, or any other emergency situation, emergency warning lights perform two basic functions. The first is that, emergency warning lights attract the attention of people who are in the vicinity of the problem situation or about to approach the situation. Emergency warning lights alert people to potential hazards, and make them aware of the existence of an emergency. The second function is that, emergency warning lights provide a visual signal and direct people to take a pre-determined action when encountering an emergency. Emergency warning lights perform this function through the color or flashing pattern of the lights. Tremendous amount of research has been done on the visual perception of humans when exposed to lights of specific colors, flash intensity, flash rate, and other parameters. Thus, emergency warning lights have been designed accordingly to provide correct visual signaling, and make decision making easier in potentially dangerous situations.
There is growing demand for emergency warning lights, as there is an increasing need for better coordination and management of public areas during emergency situations. Efforts are being taken to further enhance the already huge body of research work, and design better visual warning systems using emergency warning lights, to avoid loss of life and equipment in emergency situations. The increasing number of natural calamities such as floods, earthquakes, and cyclones are driving the need for more emergency response vehicles. As such, the emergency warning lights market is projected to grow. Man-made situations such as wars, armed conflicts, and accidents are also leading to the increased need for emergency management, thus, leading to more demand for emergency warning lights. Advancements in LED lighting technology have also made high quality lighting products available, thus, helping the growth of the emergency warning lights market. The falling prices of LED lights is an opportunity for manufacturers of emergency warning lights to provide affordable products to the market.
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The demand for emergency warning lights is set to grow at a good pace in the next five to ten years, as the demand for emergency response vehicles is projected to grow across the world. The Asia Pacific region is expected to be significant for the emergency warning lights market, since it is home to nearly 60% of the world’s population, and accounts for the highest sales of automotive vehicle in the world. However, emergency response systems are underdeveloped in many countries of the region. Thus, manufacturers of emergency warning lights can capitalize on the unserved regions to make gains, as economies improve their public infrastructure. Europe and North America are also large markets for emergency warning lights, with well-developed emergency response systems and guidelines. Toughening safety regulations in these regions will also help the emergency warning lights market. China, the U.S., Germany, the U.K., and India are some of the key countries to keep a watch on regarding the emergency warning lights market.
Examples of some of the market participants identified in the emergency warning lights market include: Federal Signal Corporation, Feniex Industries, Xprite USA, W. Grainger, Inc., Tomar Electronics, McLoughlin & Eardley Group Incorporated, Code 3, Inc., Wolo Manufacturing Corp, Truck-Lite Co., LLC, BNR Industrial, Roadtech Manufacturing, ECCO Safety Group etc.
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