Audible signaling devices are installed in machines or systems that provide indication to the operator. They are connected to the control panel and positioned such that it covers large area. It is used in the places where the visual notifications are not useful and includes horns, and buzzers. These devices are also implemented for safety issues or malfunctions. Audible signaling devices being utilized in various applications such as Dam safety systems, earthquake warning systems, fire alarm systems, and defense warning systems. Hence, these factors are affecting the market positively.This growth is primarily driven by Safety Rules and Regulations Enforced By the Governments and Increasing Need of Automation.
Globally, a noticeable market trend is evident Technological Developments in Audible Signaling Devices
. Major Manufacturers, such as ABB Ltd (Switzerland), Siemens AG (Germany), Eaton Corporation (Ireland), Emerson Electric (United States), L-3 Communication Holding (United States), R.STAHL (Germany), Rockwell Automation (United States), Auer signal GMBH (Austria), Robert Bosch (Germany) and Omron Corporation (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 2nd September 2018, ABB has acquired GE industrial solutions. This acquisition will strengthen the position of the company in electrification.
According to Federal Aviation Administration, if equipment is not monitored regularly, the alarm should be implemented for indicating the malfunctions or condition. Also, alerting and warning systems should be ambiguous with clear indication of cause of alert.
- Safety Rules and Regulations Enforced By the Governments
- Increasing Need of Automation
- Technological Developments in Audible Signaling Devices
- Development of Smart City
- Negligence to Install the Safety Systems
Rising Urbanization and Industrialization in Developing Economies and Increasing Number of Excavation and Mining Activities
Lack of Awareness among the Users
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