Published on: February 25, 2021
Pilot devices market size will increase at a steady pace. The growing focus on industrial safety measures and wireless signaling devices will be a key factor influencing market growth during the forecast period. ABB, Siemens, Eaton, Legrand Group, and Lovato Electric are some of the key vendors in this marketspace.
This report provides a comprehensive analysis of the market by type (pushbuttons, switches, and indicators) and geography.
Top Market Trend - Growing focus on industrial safety measures and wireless signaling devices
Major Market Challenge - High inspection and maintenance costs
Parent Market - Industrial machinery
Parent Market Size - Industrial machinery sector was valued at $2561.67 billion in 2020
Prominent Vendors - ABB, Siemens, Eaton, Legrand Group, and Lovato Electric
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The pilot devices market is catalogued under the industrial machinery sector which will grow at a moderate pace during the forecast period.
The global market for pilot devices has been segmented by type and geography. By type, the market has been classified into pushbuttons, switches, and indicators.
Based on Geography
Regional analysis segments the market by North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA) and covers various factors including market demand, threat from local vendors, and the region’s contribution to global market growth.
Regional-specific analysis also provide insights of the upcoming demand for pilot devices across key countries in these regions.
The preference for wireless signaling devices and the growing focus on industrial safety measures are the key trends that will influence market growth. As a result, the market size will increase at a steady YOY rate during the forecast period.
Though there are several growth for market players, the high inspection and maintenance costs will hinder market growth.
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Some of the key pilot devices market vendors covered in this report include:
ABB
Siemens
Eaton
Legrand Group
Lovato Electric
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Accurate prediction on pilot devices market CAGR, market size, and growth potential.
Insights on the market’s growth & opportunities in the global and regional levels.
Get a clear understanding on the business implications of key market trends.
Detailed analysis of market challenges and risks.
Comprehensive data that covers region-, segment-, and company-specific information.
Identify key competitors and the products/services they offer, their market share, and business strategies including investments & M&As.
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|
Scope of the Report |
|
|
Report Coverage |
Details |
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Page number |
120 |
|
Base year |
2020 |
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Forecast period |
2021-2025 |
|
Parent Market |
Industrial Machinery |
|
Parent Market Size |
$2561.67 billion |
|
By Type |
Pushbuttons | Switches | Indicators |
|
Regional analysis |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (MEA) |
|
Companies profiled |
ABB, Siemens, Eaton, Legrand Group, and Lovato Electric |
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Top Market Trend |
Growing focus on Industrial Safety Measures | Wireless signaling devices |
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Report Benefits |
Market trends analysis, Competitor market share and strategies, Company profiling and competitive benchmarking, Growth opportunities in global and regional levels, Business implications of market risks and challenges |
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