Europe Push Buttons & Signaling Devices Market - Growth, Trends, Forecast(2022 - 2027)

The Europe Push Button and Signaling Device Market is expected to grow at a CAGR of 4.1% during the forecast period of 2020-2025. The most common method of resetting an emergency stop in European countries is the pull-to-release mechanism. One of the major things considered in the European standards is that by resetting an emergency stop device should never cause a restart command.

Key Highlights

• Push buttons are widely used in the industrial areas (specifically as part of fire alarm management systems and safety systems) for complying with safety and hazardous area regulations
• 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 an appropriate low-level optical and audible signalling 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 base company, SEACON has developed various forms of Switches. Limit Switch is ideally suited for diver applications. Rated to 500 feet (152 meters), this durable switch fits nicely into a gloved hand. Originally designed as a push to talk button, this switch has a wide variety of uses.
• COVID-19 has negatively impacted the market growth. The shutting down of automotive factories and other shop floors has lead to decrease in sales of push buttons. However, factories are starting their activities again. By August 2020, German factory orders had almost reached pre-pandemic levels, while Italian industrial production was already back to last year’s levels. Thus market demand is gaining pace gradually.

Key Market Trends

Manufacturing to Show Significant Growth

• Emergency stop switches, commonly referred to as E-stops is initiated by a single human action and is intended to avert or reduce arising hazards to persons, machinery or work in progress. Most of the UK organisations are changing their existing E-stops according to DIN EN ISO 13850.
• Europe based EAO AG produces certified Emergency Stop switches suitable for nearly every application. Used on a range of applications including factory conveyor belts, escalators and control panels, the series 45 emergency stop switches are suited for harsh industrial environments. These 22mm mounted IP69K rated E-stops are resistant to impact, vibration and shock and are rated for 300’000 switching cycles.
• The European Union has taken a favouring view of the need for emergency stop systems suggesting that Machinery must be fitted with one or more emergency stop devices to enable actual or impending danger to be averted.
• The COVID-19 pandemic has shown the importance of a resilient and strong European manufacturing industry, which is able to produce important parts and products, without strongly depending on global supply chains.
• Digitalization and emerging technologies such as push buttons offer a huge potential to increase competitiveness, innovation and sustainability, yet Europe’s manufacturers, especially SMEs, are often struggling implement such solutions in a useful manner.

Automotive to Hold the Highest Market Share

• European automotive market are going through a huge transformation in order curb the Carbon footprint. EV market has seen huge investment and favourism from European Union. Along with it the implementation of push buttons have also increased for auto start functions and other automated mechanishms in vehicles.
• Europe connected car shipments have been increasing rapidly during the last five years. The top three automotive groups - Volkswagen, PSA and Renault Nissan Alliance - account for almost half of the connected car shipments in Europe, primarily because they have been leading the passenger car sales in the region.
• The connected car system is only implemented on passenger cars with embedded connectivity. The vast majority of connected cars will continue to have a 4G-enabled Telematics Control Unit (TCU) by 2025 in Europe. But with 5G network deployment maturing, the share of 4G will start declining after 2022.
• As the coronavirus (COVID-19) situation across Europe remains fluid, and infection rates start to rise again, many of the continent’s key automotive markets are still expecting a slow, u-shaped recovery, despite recent rebounds in economic activity. The potential for a v-shaped recovery is diminishing with a second wave coming in. This will negatively affect the market growth.

Competitive Landscape

The Europe push buttons and signaling devices market are fragmented, with high competition present among the players. The major players with prominent shares in the market are focusing on expanding their customer base across foreign countries. They are leveraging strategic collaborative initiatives to increase their market shares and profitability. Some of the recent developments in the market are:

• July 2020 - Siemens Mobility was awarded a contract by the Subterráneos de Buenos Aires, Sociedad del Estado (SBASE), to install a Communications-Based Train Control system (CBTC) on the ‘D’ Metro Line in Buenos Aires, Argentina. The CBTC signaling system will be fully implemented across the entire 11- kilometer line that incorporates 16 stations

Additional Benefits:

• The market estimate (ME) sheet in Excel format
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