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Strobe and Beacons Market Significant Growth Analysis by Strategic Outlook 2021-2027
Strobe and Beacons Market
Strobe beacons are highly visible and allow for multiple configurations with up to 360° of lighting, to warn about potential hazards. Moreover, global rising demand for an LED lighting solution as an attention-getting device and warning of a possible hazard and due to stringent rules set by the government about the industrial safety work across the globe are expected to drive growth of the global strobe and beacons market over the forecast period. Thus, the prominent market players maintain the competitive edge in the global market by focusing on product offerings. For instance, Eaton MEDC offers a range of strobe beacons such as steady-state indicators and flashing and rotating units. These strobe beacons are used to warn about potential hazards, evacuation alerts, gas and oil leaks, and others.
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What is the Compound Annual Growth Rate (CAGR) of the strobe and beacons market for next 8 years?
The global strobe and beacons market is estimated to exhibit a CAGR of 5.64% over the forecast period (2019-2027).
Which are the prominent strobe and beacons market players across the globe?
Major players operating in the global strobe and beacons market include PATLITE Corporation, WERMA Signaltechnik GmbH + Co. KG, Eaton Corporation PLC (Cooper Industries), Federal Signal, Rockwell Automation, Inc., Siemens, Schneider Electric, Potter Electric Signal Company, LLC, Honeywell International Inc., Tomar Electronics, ECCO SAFETY GROUP, Auer Signal, Pepperl+Fuchs AG, Mircom, and Emerson Electric Co. among others.
Which segment based on product type, accounted for the highest demand in the strobe and beacons market?
Among product type, gas strobe beacons segment held a dominant position in the global strobe and beacons market in 2018, followed by LED strobe beacons segment.
Which region held the largest market share in the strobe and beacons market?
Among regions, North America held a dominant position in the global strobe and beacons market in 2018, followed by Europe and Asia Pacific.
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