Global Push Buttons and Signaling Devices Market 2017-2021

Technavio’s latest market research report on the global push buttons and signaling devices market predicts the market to grow to USD 2.12 billion by 2021. A comprehensive analysis of this market is also presented by product (signaling and push buttons), by end-user (oil and gas, automotive, power, chemical, and others), and by geography (the Americas, APAC, and EMEA). This industry research report identifies ABB, Eaton, GE, Rockwell Automation, and Schneider Electric as the key vendors in the global push buttons and signaling devices market.

The infographic below contains key findings from our analysis of the push buttons and signaling devices market 

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Overview of the global push buttons and signaling devices market

Market research analysts at Technavio predict that the global push buttons and signaling devices market will grow at a CAGR of around 5% by 2021. Benefits such as easy setup and low maintenance cost will be the major factors fueling the market’s growth prospects in the coming years. Push buttons are simple to install on a panel and the new models of push buttons enable one-handed installation without using any special tools. Push buttons come with round milled holes without a groove and do not involve ring nut fastening. Actuators, holders, and contact buttons can be individually ordered and then assembled. Moreover, push buttons that are manufactured in compliance with SIRIUS Act also have drag and drop options making the installation easier. Similarly, signaling devices are generally wall mounted and are placed in appropriate locations to allow employees receive audio or visual messages. Push buttons and signaling devices require very less maintenance and are designed to withstand explosions, fire, and corrosion.

In terms of geographic regions, APAC will be the major revenue contributor to the push buttons and signaling devices market throughout the forecast period. The growth of the market in APAC is attributed to the developing automotive, oil and gas, and power industries. The growth of the Chinese and Indian automotive industries will also drive the growth of the market in this region.

Competitive landscape and key vendors  

Owing to the presence of organized and unorganized players, the push buttons and signaling devices market appears to be fragmented. The emergence of local players in APAC, specifically in China, is expected to affect the total revenue generated by the key vendors in the market. Moreover, the local players charge lesser prices for their offerings, which makes the distributors cut down on the margin offered on the product offering of the top players.

The leading vendors in the market are -

• ABB
• Eaton
• GE
• Rockwell Automation
• Schneider Electric

The other prominent vendors in the market are EUCHNER, Honeywell, Johnson Electric, American Distributors (ADI), AT Components (Assembly Technology Components), BACO Controls, PATLITE, and OMRON.

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Segmentation by product and analysis of the push buttons and signaling devices market

• Signaling
• Push buttons

During 2016, the signaling devices segment accounted for the major shares of the push buttons and signaling devices market. Factors such as the increased  usage of the signaling devices in the oil and gas, automotive, and food processing industries will contribute to the growth of this industry segment in the coming years. Additionally, government initiatives to undertake safety measures in industrial areas will also fuel the demand for signaling devices over the next four years.

Segmentation by end-user and analysis of the push buttons and signaling devices market

• Oil and gas
• Automotive
• Power
• Chemical

According to this market research report, the automotive industry will be the largest end-user to the push buttons and signaling devices market by 2021. The rise in production of automobiles around the world will be a major driver for the growth of the market in this end-user segment. Countries such as China and India are the major markets for global automotive companies.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global push buttons and signaling devices market?
• What are the key market trends impacting the growth of the global push buttons and signaling devices market?
• What are the challenges to market growth?
• Who are the key vendors in the global push buttons and signaling devices market?
• What are the market opportunities and threats faced by the vendors in the global push buttons and signaling devices market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global push buttons and signaling devices market?

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