Fact.MR (FMR) provides key insights into the global emergency warning lights market. The global emergency warning lights market is estimated to expand at a CAGR of 3.5% over the forecast period and is expected to have a market value of US$ 1,330 Million in 2032.
The Emergency Warning Lights market is well-positioned in European countries owing to its considerable use by not only government authorities but also other end users. Governments across the world are investing in infrastructure development which has boosted the market globally. The key players are also involved in marking their direct presence in the local markets by building a strong distribution network and by setting up offices in several countries.
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The most preferred and dominant product type in the current scenario is the LED, which is pegged to remain in that position in the coming years as well. The LED will contribute 95% of the revenues in 2022 and is expected to reach a valuation of US$ 892.3 MN in 2022.
The most dominant end use in the current scenario is the government authorities owing to the rising natural calamities such as floods, earthquakes, etc. This will give a significant push to the adoption of emergency warning lights in the foreseeable future
Key Takeaways from Market Study
Long-term strategic partnerships with component suppliers may provide growth opportunities for the emergency warning lights manufacturers. Further, the manufacturers are focusing on tailor-made emergency warning lights which is expected to enhance their competitiveness in the market.
In 2020, Federal Signal announced the launch of 8200S perimeter light. The product features 8-LED perimeter lights, is equipped with 12 flash patterns, and is available in amber or white LEDs.
In 2020, ECCO Safety Group introduced its new emergency lighting and warning systems with the launch of Thin WingMan, Citadel, Thin SuperVisor, Switch Node, and Splitter. These warning lights compliment the company’s siren and are integrated with advanced LED technology.
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Manufacturers of the emergency warning lights industry across the globe such as Acari Products, Inc., 5-Star Warning Lights Co, Accele Electronics, Brooking Industries, Bueno Optoelectronics. etc. are developing high quality and durable products to help improve market penetration and are also focusing on increasing their production capacities to gain a larger market share.
In 2020, Federal Signal completed the acquisition of Public Works Equipment and Supply Inc., which is a distributor of maintenance and infrastructure equipment. Under the ambit of the acquisition, the company can utilize PWE’s customer base and can offer its emergency warning lights to municipalities and industrial contractors.
In 2020, Grote Industries, Inc. entered into a partnership with OptiCat Network. Through this partnership, the company will utilize OptiCat’s cloud-based data warehousing and validation system to meet the aftermarket customer needs.
Fact.MR has provided detailed information about the price points of key manufacturers of emergency warning lights positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Key Companies Profiled
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Segmentation of Emergency Warning Lights Industry Research
Questionnaire answered in the Emergency Warning Lights Market report include:
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