Europe Push Buttons and Signaling Devices Market Size

Statistics for the 2023 & 2024 Europe Push Buttons and Signaling Devices market size, created by Mordor Intelligence™ Industry Reports. Europe Push Buttons and Signaling Devices size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Europe Push Buttons and Signaling Devices Industry

Europe Push Buttons & Signaling Devices Market
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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

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*Disclaimer: Major Players sorted in no particular order

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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 and Signaling Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)