Europe Push Buttons Signaling Device Market Size, Share 2031
Europe Push Buttons Signaling Device Market Size, Share 2031
Segments - Europe Push Buttons Signaling Devices Market by End-user industries (Automotive, Energy and Power, Manufacturing, Food and Beverage, and Transportation) and Countries (United Kingdom, Germany, France, Italy, Russia, and Rest of Europe) - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :ICT-SE-1107
| 4.2 Rating
| 78 Reviews
| 155 Pages
| Format :
Report Description
The Europe push buttons signaling devices market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of XX% during the forecast period, 2023–2031. The growth of the market is attributed to the frequent usage in industrial environments (particularly as part of fire alarm management systems and safety systems).
Push buttons are machine or appliance power control switches. They are usually metal or thermoplastic switches with convenient access for the user. Because of the convenience and safety they give in a variety of industrial and commercial applications, pushbuttons are widely employed in industries.
The pull-to-release mechanism is the most frequent way of resetting an emergency stop in European nations. One of the most important things that European standards address is that resetting an emergency stop device should never result in a restart instruction.
Simple signals about the functioning of machinery, production lines, or specific industrial equipment are sent via signalling devices and systems. It's hard to envision a well-operating industrial facility without low-level optical and auditory signalling systems.
The signalling devices are widely utilised in the STARS Project, which aims to establish a uniform framework for predicting possible GNSS performance in a railway environment, particularly for safety-critical applications inside ERTMS (The European Railway Traffic Management System).
The market's expansion has been hampered by COVID-19. The closure of automobile plants and other shop floors has resulted in a drop in push-button sales. Factories, on the other hand, are resuming operations. German industry orders had nearly returned to pre-pandemic levels by August 2020, while Italian industrial production had virtually returned to last year's levels. As a result, market demand is increasing.
The European Union has endorsed the use of emergency stop systems, stating that machinery must be equipped with one or more emergency stop mechanisms in order to avoid actual or imminent risk. SEACON, a business based in Europe, has created a variety of switches. For diver applications, the Limit Switch is perfect.
This sturdy switch has a 500-foot (152-meter) range and fits comfortably in the palm of a gloved hand. This switch, which was originally developed as a push-to-talk button, has a broad range of applications. Emergency stop switches, also known as E-stops, are designed to prevent or decrease dangers to people, machines, or work in progress. They are activated by a single human movement. The majority of UK businesses are updating their current E-stops to conform to DIN EN ISO 13850.
Europe Push Buttons Signaling Devices Market Trends, Drivers, Restraints, and Opportunities
- Increasing the use of signaling devices in the STARS Project is estimated to boost market growth in the coming years.
- Surge in R&D investments and technological advancements are expected to create opportunities for the market players.
Scope of Europe Push Buttons Signaling Devices Market Report
The report on the Europe push buttons signaling devices market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Push Buttons Signaling Devices Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
End-user industries (Automotive, Energy and Power, Manufacturing, Food and Beverage, and Transportation) |
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Country Scope |
United Kingdom, Germany, France, Italy, Russia, and Rest of Europe |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
ABB Ltd., Schneider Electric, Siemens AG, Eaton Corporation, and ITW Switches |
Europe Push Buttons Signaling Devices Market Segment Insights
End-users Segment Analysis
In terms of end-user industries, the Europe push buttons signaling devices market is bifurcated into automotive, energy and power, manufacturing, food and beverage, and transportation. The manufacturing segment is expected to account for a key share of the market during the forecast period owing to the increase in usage of pushbuttons and other new technologies, such as digitalization.
EAO AG, situated in Europe, manufactures approved Emergency Stop switches for a wide range of applications. The series 45 emergency stop switches are suitable for severe industrial settings and are used on a variety of applications such as factory conveyor belts, escalators, and control panels. These 22mm mounted IP69K certified E-stops are impact, vibration, and shock-resistant, with a switch life of 300,000 cycles.
On the other hand, the automotive segment is anticipated to expand at a rapid pace during the forecast period due to the electric vehicle sector receiving a lot of investment and favouritism from the European Union. Shipments of linked cars to Europe have increased dramatically in the previous five years.
The top three automotive firms in Europe — Volkswagen, PSA, and Renault Nissan Alliance – account for over half of all connected vehicle shipments, owing to their dominance in passenger car sales. Only passenger automobiles with integrated connection are equipped with the linked car technology.
By 2025, the great majority of connected automobiles in Europe will have a 4G-enabled Telematics Control Unit (TCU). However, as 5G network deployment matures, 4G's proportion of the market will begin to decline after 2022.
Segments
The Europe push buttons signaling devices market has been segmented on the basis of
End-user Industries
- Automotive
- Energy and Power
- Manufacturing
- Food and Beverage
- Transportation
Countries
- United Kingdom
- Germany
- France
- Italy
- Russia
- Rest of Europe
Key Players
- ABB Ltd.
- Schneider Electric
- Siemens AG
- Eaton Corporation
- ITW Switches
Competitive Landscape
Key players competing in the Europe push buttons signaling devices market include ABB Ltd., Schneider Electric, Siemens AG, Eaton Corporation, and ITW Switches.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Push Buttons Signaling Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Push Buttons Signaling Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Push Buttons Signaling Devices Market - Supply Chain
4.5. Global Push Buttons Signaling Devices Market Forecast
4.5.1. Push Buttons Signaling Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Push Buttons Signaling Devices Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Push Buttons Signaling Devices Market Absolute $ Opportunity
5. Global Push Buttons Signaling Devices Market Analysis and Forecast by End Users
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by End Users
5.2.2. Y-o-Y Growth Projections by End Users
5.3. Push Buttons Signaling Devices Market Size and Volume Forecast by End Users
5.3.1. Automotive Energy and Power Manufacturing Food and Beverage Transportation
5.4. Absolute $ Opportunity Assessment by End Users
5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Push Buttons Signaling Devices Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Push Buttons Signaling Devices Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Push Buttons Signaling Devices Demand Share Forecast, 2019-2026
7. North America Push Buttons Signaling Devices Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Push Buttons Signaling Devices Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Push Buttons Signaling Devices Market Size and Volume Forecast by End Users
7.4.1. Automotive Energy and Power Manufacturing Food and Beverage Transportation
7.5. Basis Point Share (BPS) Analysis by End Users
7.6. Y-o-Y Growth Projections by End Users
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Push Buttons Signaling Devices Demand Share Forecast, 2019-2026
8. Latin America Push Buttons Signaling Devices Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Push Buttons Signaling Devices Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Push Buttons Signaling Devices Market Size and Volume Forecast by End Users
8.4.1. Automotive Energy and Power Manufacturing Food and Beverage Transportation
8.5. Basis Point Share (BPS) Analysis by End Users
8.6. Y-o-Y Growth Projections by End Users
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Push Buttons Signaling Devices Demand Share Forecast, 2019-2026
9. Europe Push Buttons Signaling Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Push Buttons Signaling Devices Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Push Buttons Signaling Devices Market Size and Volume Forecast by End Users
9.4.1. Automotive Energy and Power Manufacturing Food and Beverage Transportation
9.5. Basis Point Share (BPS) Analysis by End Users
9.6. Y-o-Y Growth Projections by End Users
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Push Buttons Signaling Devices Demand Share Forecast, 2019-2026
10. Asia Pacific Push Buttons Signaling Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Push Buttons Signaling Devices Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Push Buttons Signaling Devices Market Size and Volume Forecast by End Users
10.4.1. Automotive Energy and Power Manufacturing Food and Beverage Transportation
10.5. Basis Point Share (BPS) Analysis by End Users
10.6. Y-o-Y Growth Projections by End Users
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Push Buttons Signaling Devices Demand Share Forecast, 2019-2026
11. Middle East & Africa Push Buttons Signaling Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Push Buttons Signaling Devices Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Push Buttons Signaling Devices Market Size and Volume Forecast by End Users
11.4.1. Automotive Energy and Power Manufacturing Food and Beverage Transportation
11.5. Basis Point Share (BPS) Analysis by End Users
11.6. Y-o-Y Growth Projections by End Users
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Push Buttons Signaling Devices Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Push Buttons Signaling Devices Market: Market Share Analysis
12.2. Push Buttons Signaling Devices Distributors and Customers
12.3. Push Buttons Signaling Devices Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. ABB Ltd. Schneider Electric Siemens AG Eaton Corporation ITW Switches
Methodology
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