Market Size of Europe Push Buttons and Signaling Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.50 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Push Buttons Signaling Devices Market Analysis
The Europe Push Button and Signaling Device Market is expected to grow at a CAGR of 5.5% during the forecast period of 2022-2027. The most common method of resetting an emergency stop in European countries is the pull-to-release mechanism. COVID-19 has negatively impacted the market growth. The shutting down of automotive factories and other shop floors has led to a decrease in sales of push buttons. However, factories are starting their activities again.
- Pilot devices such as push buttons and signaling devices control and monitor industrial equipment and machinery. These devices include several types of pushbuttons, indicating lights, and audible-visual signaling devices. These devices can be used as indicators to spot malfunctions and material shortages across facilities and alert operators to any hazard or fatality in the facility, reducing process downtime. The market for push buttons and signaling devices has expanded, as industrial safety standards for food and beverages, chemicals, and pharmaceuticals and the oil and gas industries have become more stringent.
- Further, In December 2021, the new Siemens SIRIUS ACT push buttons and signaling devices offered from APS Industrial matched all of these criteria, forming the perfect product line of food and beverage push buttons and signaling devices. The food and beverage business has high cleanliness, toughness, and quality standards. Equipment that does not fulfill these requirements wastes time due to avoidable breakdowns and downtimes. Such product developments may increase the demand for push buttons in this region.
- Signaling Devices and systems are used to convey simple messages concerning the operation of machinery, manufacturing lines, or individual industrial equipment. It is difficult to imagine a properly functioning industrial plant without appropriate low-level optical and audible signaling devices.
- The signaling devices are extensively used under STARS Project to develop a universal approach to predict the achievable GNSS performance in a railway environment, especially for safety-critical applications within ERTMS (The European Railway Traffic Management System).
Europe Push Buttons Signaling Devices Industry Segmentation
Push buttons are power-controlling switches of a machine or appliance. Usually, they are metal or thermoplastic switches that grant easy access to the user. Push buttons are extensively used in industries, owing to the comfort and safety provided by them in several industrial and commercial applications. Switches and control push-buttons are used for building, and industrial installations are also covered under the scope of the study.
By Product | |
Round or Square Body Type | |
Non-lighted Push Button | |
Other Products |
By Type | |
Audible | |
Visible | |
Other Types |
By End-user Industry | |
Automotive | |
Energy and Power | |
Manufacturing | |
Food and Beverage | |
Transportation | |
Other End-user Industries |
By Country | |
United Kingdom | |
Germany | |
France | |
Italy | |
Russia | |
Rest of Europe |
Europe Push Buttons and Signaling Devices Market Size Summary
The Europe Push Button and Signaling Device Market is poised for growth, driven by the increasing demand for industrial safety and automation across various sectors. These devices play a crucial role in controlling and monitoring industrial equipment, enhancing operational efficiency, and ensuring safety by alerting operators to potential hazards. The market is experiencing a resurgence as factories resume operations post-COVID-19 disruptions, with stringent industrial safety standards in industries such as food and beverages, chemicals, pharmaceuticals, and oil and gas fueling demand. Innovations like Siemens' SIRIUS ACT push buttons, designed to meet high cleanliness and quality standards, are expected to further boost market growth. Additionally, the integration of signaling devices in projects like the STARS Project for railway safety underscores their importance in critical applications.
In the automotive sector, the shift towards electric vehicles and connected car systems is driving the adoption of push buttons and signaling devices. These technologies are increasingly used for keyless access, auto-start functions, and enhanced safety features in vehicles. The European automotive market's transformation, coupled with the rise of 5G connectivity, is expected to sustain the demand for these devices. However, the market faces challenges from supply chain uncertainties and the lingering effects of the pandemic. The competitive landscape is marked by strategic mergers and acquisitions among key players like Rockwell Automation, ABB, Schneider Electric, Siemens, and Federal Signal Corporation, as they seek to expand their market share and enhance their product offerings.
Europe Push Buttons and Signaling Devices Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Assessment of the Impact of COVID-19 on the Market
-
1.3 Market Drivers
-
1.3.1 Increasing use of fire alarm management systems and safety systems
-
1.3.2 Signaling devices used to improve The European Railway Traffic Management System
-
-
1.4 Market Restraints
-
1.4.1 Lack of skilled lobor and capital intensive projects.
-
-
1.5 Value Chain Analysis
-
1.6 Porters Five Force Analysis
-
1.6.1 Threat of New Entrants
-
1.6.2 Bargaining Power of Buyers
-
1.6.3 Bargaining Power of Suppliers
-
1.6.4 Threat of Substitute Products
-
1.6.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product
-
2.1.1 Round or Square Body Type
-
2.1.2 Non-lighted Push Button
-
2.1.3 Other Products
-
-
2.2 By Type
-
2.2.1 Audible
-
2.2.2 Visible
-
2.2.3 Other Types
-
-
2.3 By End-user Industry
-
2.3.1 Automotive
-
2.3.2 Energy and Power
-
2.3.3 Manufacturing
-
2.3.4 Food and Beverage
-
2.3.5 Transportation
-
2.3.6 Other End-user Industries
-
-
2.4 By Country
-
2.4.1 United Kingdom
-
2.4.2 Germany
-
2.4.3 France
-
2.4.4 Italy
-
2.4.5 Russia
-
2.4.6 Rest of Europe
-
-
Europe Push Buttons and Signaling Devices Market Size FAQs
What is the current Europe Push Buttons and Signaling Devices Market size?
The Europe Push Buttons and Signaling Devices Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Europe Push Buttons and Signaling Devices Market?
ABB Ltd., Schneider Electric, Siemens AG, Eaton Corporation and ITW Switches are the major companies operating in the Europe Push Buttons and Signaling Devices Market.