Audio Signaling Devices Market Analyzed for the Projected Period of 2018-2028
Audio signaling devices have been finding their applications in the automotive industry to generate signal during extreme weather conditions like fog to reduce the chances of road accidents.
[UKPRwire, Wed May 29 2019] The primary factor driving the sales of audio signaling devices market is their wide availability and easy maintenance, which can be achieved at low cost. With the increasing awareness pertaining to safety among consumers, manufacturers have been developing audio signaling devices that can be tailor-made as per the demand of the end-users and the addition or removal of certain audio signaling devices is possible. These devices can comprehend external impact while being positioned both indoors and outdoors. As a result, consumers have been favoring these devices to enhance their safety, which will aid in sustaining the growth of the Audio Signaling Devices Market.
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Penetration of automation in the industries has increased the number of occupational hazards. Besides working personnel, industrial accidents pose damage to the machines as well as the finished goods, thereby summing up to the destruction of a significant scale. This has driven the need to improve the safety measures in the industries and the same is addressed by the development of audio signaling devices that solely function to reduce the probabilities of industry mishaps.
Audio signaling devices have been finding their applications in the automotive industry to generate signal during extreme weather conditions like fog to reduce the chances of road accidents. With the increasing need for fuel to facilitate the functions of machines and automotive, there has been an exponential increase in the oil and gas excavation activities. Such activities being susceptible to explosions have been contributing to the adoption rate of audio signaling devices.
The key focus of the participants operating in the audio signaling market lies in increasing the efficiency of their supply chain and distribution channel. Manufacturers of the audio signaling devices have been defining strategies to leverage the sales opportunities generated by tactical product positioning. A track on the shifting preferences of consumers have also been made and the same is being addressed by the players.
Some of the significant partakers functioning in the audio signaling devices market include Moflash Signaling Ltd., Tomar Electronics, E2S Warning Signals, Schneider Electric, R. Stahl AG, Honeywell, Potter Electric Signal Company, LLC, Rockwell Automation, Inc., Eaton Corporation PLC, Werma Signaltechnik GmbH, Federal Signal Corporation, and Patlite Corporation.
Moflash Signaling Ltd – In January 2019, the company completed the acquisition of Clifford and Snell from R.Stahl, which will serve as a portfolio-enricher to its products. The merger is aimed at meeting the demands of customers in the audio signaling devices market. The company consists of numerous ATEX approvals, which will be an addition to its product lines.
E2S Warning Signals – The company announced a significant development in the explosion-proof beacons, BExBGL2, with LED light sources and field-replaceable color lenses. The product is user configurable and allows the users to decide the notification of signal duties. The flameproof beacon is the best-suited device for Zone 1, 2, 21, and 22 applications and complies with the IECEx and ATEX standards.
Federal Signal Corporation – In February 2019, the company announced the expansion of Illinois-based facility to underpin the increasing demand for environmental-safe devices. The company plans to invest in the capacity to supplement the growth potential to the existing facility. The expansion is estimated to add about 100,000 square feet to the current production facility.
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Rockwell Automation, Inc., founded in 1903 is an American developer of information technology and industrial automation. The company boasts a rich product portfolio in industrial automation and manufacturing execution system with its clients in over 80 countries across the world.
Patlite Corporation was incorporated in 1947 and consists of sales subsidiaries in the U.S., Germany, Korea, Singapore, and China. It is a forerunning technology engineering company and a competent manufacturer of sound alarms, LED status indicating lights, and audible communication network system.
An incessant growth in the number of excavation and mining activities have been witnessed in the Middle East and Africa region with the significantly high deposits of gas, oil, and minerals. However, owing to the high susceptibility of the region to explosions and blasts, there has been a growing demand for audio signaling devices to take charge of the situation at an early stage and prevent the large-scale damage. Continuous research and development in the audio signaling devices market have led to the improvement of these products with enhanced reliability of operation in the emergency situations, which has resulted in the growth of the audio signaling devices market.
The research report presents a comprehensive assessment of the Audio Signaling Devices market and contains thoughtful insights, facts, and historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Audio Signaling Devices market segments such as geographies, application and industry.
The Audio Signaling Devices market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with Audio Signaling Devices market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Audio Signaling Devices market segments and geographies.
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