Global Audible & Visual Signaling Devices market will reach 931.2 million US$ by the end of 2023

Publisher: QYResearch

Published Date: 2019/8/5

According to the report, global revenue for Audible & Visual Signaling Devices was valued at $ 769.7 million in 2018, and is expected to generate revenue of $ 931.2 million by end of 2023, growing at a CAGR of slightly above 3.88% between 2018 and 2023.

Of the major players of Audible & Visual Signaling Devices, Patlite Corporation maintained its first place in the ranking in 2018. Patlite Corporation accounted for 16.37% of the Global Audible & Visual Signaling Devices revenue market share in 2018. Other players accounted for 7.46%, 6.48%, 6.13% including Federal Signal Corporation, Werma Signaltechnik GmbH, Eaton Corporation PLC (Cooper Industries).

In this study, the sales region of Audible & Visual Signaling Devices divided into five geographic regions: In North America, total Audible & Visual Signaling Devices accounted for 31.70% of global revenue market share. In the Europe, total Audible & Visual Signaling Devices accounted for 28.91%. The market in Asia-Pacific Audible & Visual Signaling Devices accounted for 29.73%, in Central & South America, total Audible & Visual Signaling Devices accounted for 4.59%. In Middle East & Africa, total Audible & Visual Signaling Devices accounted for 5.08%.  The main driving factor is the addition and replacement of products from petrochemical companies.

According to study, there are six types of Audible & Visual Signaling Devices, Strobe and Beacons, Signal Towers, Bells and Horns, Fire Alarm/Call Points, Speakers and Tone Generators

Visual and Audible Combination Units, The sales volume share in 2018 are 42.61%, 19.88%, 12.73%, 13.18%, 4.47%, 3.94%.

In the applications, the Oil and Gas segment was estimated to account for the highest sales volume share of 42.01%, in 2018 and is expected to gain significant market share by the end of 2023.

Click to view the full report: https://www.qyresearch.com/index/detail/604693/global-audible-amp%3B-visual-signaling-devices-sales-market

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