Market Size of APAC 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 | 6.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Push Buttons & Signaling Devices Market Analysis
The Asia Pacific Push Button and Signaling Device Market is expected to grow at a CAGR of 6.2% during the forecast period of 2022-2027. The most common method of resetting an emergency stop in Asian 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 have expanded as industrial safety standards for food and beverages, chemicals, and pharmaceuticals and the oil and gas industries have become more stringent.
- Push buttons are preferred in industrial applications, owing to the degree of functionality afforded over other switches. Unlike a standard switch that provides one particular function, pushbuttons can be used to connect to other mechanical applications through linkages. This flexibility in industrial applications helps the employees control multiple aspects of a machine through the push of a button. The automotive industry is extensively using these devices in commercial vehicles.
- Further, In December 2021, the new Siemens SIRIUS ACT push buttons and signaling devices offered by 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.
