One trend in the market is customized light beams. Beacons with customized light beams have features to change the light intensity with the changing weather. These beacons can be chosen according to their propagation property.
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The analysts forecast global beacon light industry to grow at a CAGR of 9.34% during the period 2017-2021.
Complete report on the Beacon Lights Market Research Report spread across 70 pages, profiling 11 companies and supported with 32 lists of exhibits is now available at @ http://www.reportsnreports.com/contacts/discount.aspx?name=1062630 .
The following companies as the key players in the global beacon light market: General Electric, Honeywell, and Schneider Electric. Other prominent vendors in the market are: Schneider Electric, WERMA Signaltechnik, Federal Signal Corporation, ESAFETY LIGHTS, Larson Electronics, NSI International, Eaton, and Hadco Group.
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According to the report, one driver in the market is high adoption at dockyards. Exports of goods and services are increasing at a rate of 3% per year.
This led to the growth of shipment worldwide, resulting in improved dock and harbor conditions with proper navigation and warning systems. Lighthouses are well equipped with high-intensity beacon lights to guide industrial cargo ships sailing through the region.
These lighthouses also help in rescuing lost ships. Apart from navigation, beacon lights also provide visibility to ships and the route to a destination.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Further, the report states that one challenge in the market is require continuous charging and power. Beacon lights are highly used for security and emergency signals.
However, the biggest drawback is that these beacon lights operate on batteries unless they are plugged into an unlimited power source. The battery has to be recharged or replaced on a regular basis to ensure smooth operation of the beacon lights.
As the light is used continuously, the life of the battery reduces.
This report covers the present scenario and the growth prospects of the global beacon light market for 2017-2021. To calculate the market size, the report considers revenue generated from sales of beacon lights only.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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