Signaling Devices Market Growth Set to Surge Significantly during 2017 - 2025

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The Signaling Devices market accounted for US$ 1520.0 million in 2016 and is expected to grow during the forecast period 2017 – 2025, to account for US$ 2675.3 million in 2025. Every year more than 37,000 fire and explosion accidents occurs in industries and manufacturing areas, leading to loss of property and life. Costly breakdowns, material shortages or manufacturing environment safety are some of the concerns need to be addressed with signaling devices installation in industries. Signaling devices by geography is segmented as North America, Europe, APAC, SAM and MEA. North America and Europe being most developed region globally and are also having strict government safety regulations, therefore is expected to account around 60% of the total signaling devices market. Many of the industrial, mining, oil & gas plants as well as commercial segment across the globe are facing serious issues related to explosion and accidents due to lack of on-time hazardous warning.