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The Latin America push buttons signaling devices market size is expected to increase by USD 28.18 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.82%. The market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The push buttons signaling devices market in Latin America report also offers information on several market vendors, including ABB Ltd., BACO, Emerson Electric Co., HESCO, Nuova ASP Srl, OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and SOLOMON TECHNOLOGY CORP. among others. Furthermore, this report extensively covers market segmentation by end-user (process industries and discrete industries) and geography (Mexico, Brazil, Venezuela (RB), Argentina, and Rest of Latin America).
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The increasing demand for industry safety is notably driving the market, although factors such as fluctuating prices of raw materials may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Latin America Push Buttons Signaling Devices Market Driver
One of the key factors driving the market growth is the increasing demand for industry safety. Safety audits and other safety measures have failed to mitigate the loss of life in the industrial environment. Companies that support activities related to oil and gas operations and plastic production have recorded a high rate of severe injuries, which caused hospitalization or loss of a body part, in 2020-2021. Thus, the demand for push buttons and signaling devices is expected to increase as it helps to reduce such incidents. Automation and manufacturing industries are focused on implementing accident-preventing safety measures, such as safe design, critical alarms, emergency response plans, and installing fixed protection devices. Thus, the need for installing safety devices in the workplace will drive the push buttons and signaling devices market in Latin America during the forecast period.
Key Latin America Push Buttons Signaling Devices Market Trend
Another key factor driving the Latin America push buttons signaling devices market growth is the technological advancements in design and functionality. Signaling devices with multiple lighting effects are currently in demand in the industrial environment. These signaling lights can emit multiple colors and can be steady, flashing, or rotating. The high demand for these devices has encouraged manufacturers to integrate signaling devices with technology and come up with smarter solutions. Bluetooth and Wi-Fi-enabled signaling devices are now available, which allow the human machine interface (HMI) operators to run the devices from their smartphones or desktops. Such factors will create opportunities for push buttons and signaling devices and drive market growth during the forecast period.
Key Push Buttons Signaling Devices Market Challenge in Latin America
One of the key challenges to the market is the fluctuating prices of raw materials. For instance, price fluctuations of plastic, steel, and zinc have been high during 2020-2021. With constant price fluctuations in raw material procurement costs, vendors are forced to enter into long-term agreements with their suppliers. The suppliers, as a result, have the upper hand in terms of bargaining power. Several local and regional vendors in the push buttons and signaling devices market have shut down their businesses because of raw material price volatility. Such price variations tend to affect the overall price of push buttons and signaling devices, which is expected to challenge market growth in the coming years.
The market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The push buttons signaling devices market in Latin America is fragmented and the vendors are deploying growth strategies such as technological innovations to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global electronic equipment and instruments market includes the following core components:
The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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33% of the market's growth will originate from Mexico during the forecast period. Brazil is the other key market. Market growth in Brazil will be faster than the growth of the market in other countries.
The significant increase in investments in new auto factories and the power industry will facilitate the market growth in Mexico over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 pandemic in 2020 affected the push buttons and signaling devices market in Mexico. As of now, the country is recovering from the pandemic, and the number of cases is slightly decreasing due to, which resulted in increasing industrial production. However, in 2021 several companies operating in process industries initiated investments, which will fuel the demand in the push buttons and signaling devices market in Mexico during the forecast period.
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The market share growth by the process industries segment will be significant during the forecast period. The rapidly rising population along with the increasing spending capability of consumers will boost the growth of the market in focus through this segment.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
Global Push Buttons and Signaling Devices Market -The market share predicts growth to USD 2.12 billion by 2021.
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Latin America Push Buttons Signaling Devices Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.82% |
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Market growth 2022-2026 |
USD28.18 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.56 |
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Regional analysis |
Latin America |
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Performing market contribution |
Mexico at 33% |
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Key consumer countries |
Mexico and Brazil |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
ABB Ltd., BACO , Emerson Electric Co., HESCO, Nuova ASP Srl, OMRON Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and SOLOMON TECHNOLOGY CORP. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 07: Parent market
*Exhibit 08: Market Characteristics
**2.2 Value chain analysis
*Exhibit 09: Value chain analysis: Electronic Equipment and Instruments
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
*2.2.6 After-sales service
*2.2.7 Support activities
*2.2.8 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 10: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 13: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 12: Latin America - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 13: Latin America market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 14: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 15: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 16: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 17: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 18: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 19: Threat of rivalry
**4.7 Market condition
*Exhibit 20: Market condition - Five forces 2021
***5. Market Segmentation by End-user
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 21: End-user - Market share 2021-2026 (%)
**5.2 Comparison by End-user
*Exhibit 22: Comparison by End-user
**5.3 Process industries - Market size and forecast 2021-2026
*Exhibit 23: Process industries - Market size and forecast 2021-2026 ($ million)
*Exhibit 24: Process industries - Year-over-year growth 2021-2026 (%)
**5.4 Discrete industries - Market size and forecast 2021-2026
*Exhibit 25: Discrete industries - Market size and forecast 2021-2026 ($ million)
*Exhibit 26: Discrete industries - Year-over-year growth 2021-2026 (%)
**5.5 Market opportunity by End-user
*Exhibit 27: Market opportunity by End-user
***6. Customer landscape
**6.1 Overview
*Exhibit 28: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*The regions covered in the report are:
*Exhibit 29: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 33: Geographic comparison
**7.3 Mexico - Market size and forecast 2021-2026
*Exhibit 31: Mexico - Market size and forecast 2021-2026 ($ million)
*Exhibit 32: Mexico - Year-over-year growth 2021-2026 (%)
**7.4 Brazil - Market size and forecast 2021-2026
*Exhibit 33: Brazil - Market size and forecast 2021-2026 ($ million)
*Exhibit 34: Brazil - Year-over-year growth 2021-2026 (%)
**7.5 Venezuela (RB) - Market size and forecast 2021-2026
*Exhibit 35: Venezuela (RB) - Market size and forecast 2021-2026 ($ million)
*Exhibit 36: Venezuela (RB) - Year-over-year growth 2021-2026 (%)
**7.6 Argentina - Market size and forecast 2021-2026
*Exhibit 37: Argentina - Market size and forecast 2021-2026 ($ million)
*Exhibit 38: Argentina - Year-over-year growth 2021-2026 (%)
**7.7 Rest of Latin America - Market size and forecast 2021-2026
*Exhibit 39: Rest of Latin America - Market size and forecast 2021-2026 ($ million)
*Exhibit 40: Rest of Latin America - Year-over-year growth 2021-2026 (%)
**7.8 Market opportunity by geography
*Exhibit 41: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increasing demand for industry safety
*8.1.2 Easy setup and low maintenance cost
*8.1.3 Government regulations on improving industrial safety
**8.2 Market challenges
*8.2.1 Fluctuating prices of raw materials
*8.2.2 Presence of low-cost safety device manufacturers
*8.2.3 Lacks in design modifications
*Exhibit 42: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Technological advancements in design and functionality
*8.3.2 Underwater push buttons and signaling devices
*8.3.3 Need for stainless steel push buttons
***9. Vendor Landscape
**9.1 Overview
*Exhibit 43: Vendor landscape
**9.2 Landscape disruption
*Exhibit 44: Landscape disruption
*Exhibit 45: Industry risks
**9.3 Competitive landscape
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 46: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 47: Market positioning of vendors
**10.3 ABB Ltd.
*Exhibit 48: ABB Ltd. - Overview
*Exhibit 49: ABB Ltd. - Business segments
*Exhibit 50: ABB Ltd. – Key news
*Exhibit 51: ABB Ltd. - Key offerings
*Exhibit 52: ABB Ltd. - Segment focus
**10.4 BACO
*Exhibit 53: BACO - Overview
*Exhibit 54: BACO - Product and service
*Exhibit 55: BACO - Key offerings
**10.5 Emerson Electric Co.
*Exhibit 56: Emerson Electric Co. - Overview
*Exhibit 57: Emerson Electric Co. - Business segments
*Exhibit 58: Emerson Electric Co. – Key news
*Exhibit 59: Emerson Electric Co. - Key offerings
*Exhibit 60: Emerson Electric Co. - Segment focus
**10.6 HESCO
*Exhibit 61: HESCO - Overview
*Exhibit 62: HESCO - Product and service
*Exhibit 63: HESCO - Key offerings
**10.7 Nuova ASP Srl
*Exhibit 64: Nuova ASP Srl - Overview
*Exhibit 65: Nuova ASP Srl - Product and service
*Exhibit 66: Nuova ASP Srl - Key offerings
**10.8 OMRON Corp.
*Exhibit 67: OMRON Corp. - Overview
*Exhibit 68: OMRON Corp. - Business segments
*Exhibit 69: OMRON Corp. – Key news
*Exhibit 70: OMRON Corp. - Key offerings
*Exhibit 71: OMRON Corp. - Segment focus
**10.9 Rockwell Automation Inc.
*Exhibit 72: Rockwell Automation Inc. - Overview
*Exhibit 73: Rockwell Automation Inc. - Business segments
*Exhibit 74: Rockwell Automation – Key news
*Exhibit 75: Rockwell Automation Inc. - Key offerings
*Exhibit 76: Rockwell Automation Inc. - Segment focus
**10.10 Schneider Electric SE
*Exhibit 77: Schneider Electric SE - Overview
*Exhibit 78: Schneider Electric SE - Business segments
*Exhibit 79: Schneider Electric SE – Key news
*Exhibit 80: Schneider Electric SE - Key offerings
*Exhibit 81: Schneider Electric SE - Segment focus
**10.11 Siemens AG
*Exhibit 82: Siemens AG - Overview
*Exhibit 83: Siemens AG - Business segments
*Exhibit 84: Siemens AG - Key news
*Exhibit 85: Siemens AG - Key offerings
*Exhibit 86: Siemens AG - Segment focus
**10.12 SOLOMON TECHNOLOGY CORP.
*Exhibit 87: SOLOMON TECHNOLOGY CORP. - Overview
*Exhibit 88: SOLOMON TECHNOLOGY CORP. - Product and service
*Exhibit 89: SOLOMON TECHNOLOGY CORP. - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 Objective
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 90: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 91: Research Methodology
*Exhibit 92: Validation techniques employed for market sizing
*Exhibit 93: Information sources
**11.4 List of abbreviations
*Exhibit 94: List of abbreviations
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