Beacon Lights Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast By 2025
Albany, NY -- (SBWIRE) -- 06/22/2018 -- The global beacon lights market has earned prominence due to increasing deployment of defense and medical vehicles over the past few years. The number of military vehicles and emergency vehicles such as fire engines and ambulances have increased considerably in recent years. Factors such as increase in disposable income that have led to the demand for improved healthcare, which in turn, has boosted the demand for emergency vehicles and hospitals is stoking growth of the beacon lights market.
Beacon lights are used for informative reasons. Beacon lights when combined with semaphoric or other indicators provide important information such as congestion at airport and weather conditions as displayed on the weather beacon at the top of a building.
The global beacon lights market could be appropriately segmented on the basis of type and application. The report also throws light on the various regions deemed significant for the market.
The report presented by seasoned analysts is an unparalleled tool for qualitative and quantitative insights into the growth prospects of the worldwide beacon lights market. From demand drivers to market opportunities to specific challenges, analysts have covered every possible aspect that could influence the growth of this market.
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Global Beacon Lights Market: Trends and Opportunities
The beacon lights market is expanding due to the increasing adoption of IR lights and customized light beams. Beacon lights display features of attaining full brightness instantly along with features of zero UV rays or infrared radiation emission. Hence, the rising awareness for go green systems by the adoption of greenhouse gas emission free systems and by reducing landfill is the key factor anticipated to catalyze the demand for beacon lights during the forecast period of 2017 to 2025.
Apart from this, beacon lights enable energy saving as compared to CFL light and are free of lead or mercury, which is anticipated to further boost the demand for beacon lights in the near future. This, in turn, is likely to have a positive impact on the growth of beacon lights market during the forecast period.
Despite a number of favorable factors, the beacon lights market faces several growth challenges. The devices uses battery as power source, which requires considerable maintenance. Beacons are mostly available unconfigured sans even a random ID that require considerable amount of time to be configured, which is posing a challenge to the growth of this market.
Howbeit, advantages of less energy consumption in comparison to incandescent or halogen light is likely to present growth opportunities for the beacon lights market in the coming years. Beacon lights function at a relatively lower temperature as compared to halogen lamps, which is also acting as an opportunity for the global beacon lights market.
Global Beacon Lights Market: Geographical Analysis
Asia Pacific is the leading regional market for beacon lights. The high volume export of commodities from the region that is mainly carried out through sea routes require dockyards and port facilities to be equipped with navigation system and lighthouses. This is anticipated to boost the growth of Asia Pacific beacon lights market. High population density in countries such as India, China, and Japan that require reliable emergency services such as fire vehicles and ambulances will further boost the growth of Asia Pacific beacon lights market.
Global Beacon Lights Market: Competitive Analysis
Among the key vendors in the worldwide market for beacon lights, General Electric, Honeywell, Federal Signal Corporation, ESAFETY LIGHTS, Scheider Electric, NSI International, and WERMA Signaltechnik are anticipated to attract the leading demand.
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