The outdoor warning sirens market created an absolute $ opportunity of US$ 51 Mn during the historical period. However, the COVID-19 outbreak has halted the outdoor warning sirens production with a drastic drop in sales. Nuclear plants and hazardous chemical factories which alert people through outdoor warning siren sounds, have shut down during this pandemic, resulting in a decline in demand for outdoor warning sirens.
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Moreover, with the pandemic having spread its tentacles, the testing of outdoor sirens has been extended in prominent countries like the US and UK. As a result of this extension, new sales of outdoor warning sirens are expected to have little impact in the short-term forecast. As the market rebounds, the outdoor warning sirens market is poised to witness lethargic growth of 3% and is set to be valued at US$ 206 Mn by the end of the forecast period (2020 – 2030).
Outdoor Warning Sirens Market Coverage Pattern Insights
In the coverage pattern category, the Omni-directional segment dominated the global outdoor warning sirens market by contributing 60% of the revenue share in 2019. The Omni-directional segment will grow at a relatively significant pace with a value CAGR of 3.5% between 2024 and 2030 and is expected to reach a valuation of US$ ~142 million by the end of the forecast period. Omni directional siren is a preferred choice for various agencies as it offers multiple benefits such as 360 degree sound emission, making it very effective for evacuation. Moreover, most of the emerging and developed economies are taking initiatives to replace their old outdoor warning sirens with new ones.
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Outdoor Warning Sirens Market: Source Insights
Over the last few years, most of the outdoor warning siren agencies like Homeland Security and others have undergone a seismic shift from mechanical to electromechanical systems. In many countries, mechanical outdoor warning sirens were used during the Second World War. These sirens are being quickly replaced by electromechanical sources, offering relatively low cost and less maintenance. Outdoor warning sirens manufacturers are now adopting newer technologies, such as the integration of Common Alerting Protocol, in their models to meet the growing demand. Moreover, Fact.MR finds that the electromechanical outdoor warning sirens are gaining popularity in the market and expected to create an absolute dollar opportunity of US$ ~36 Mn by the end of 2030.
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The Outdoor Warning Sirens Market research answers important questions, including the following:
- Why Outdoor Warning Sirens Market players are focusing on the business expansion in region?
- Which regulatory authorities have granted approval to the application of Outdoor Warning Sirens Market
- What are the pros and cons of the Outdoor Warning Sirens Market the environment?
- Why players are targeting the production of segment?
- What are the strategies implemented by emerging players in the global Outdoor Warning Sirens Market?
The Outdoor Warning Sirens Market report serves the readers with the following data:
- In-depth analysis of supply-side and demand-side trends.
- Direct and indirect impacts of the growth of relevant markets on the Outdoor Warning Sirens
- Importance of segment in various regions.
- Accurate Y-o-Y growth of the global Outdoor Warning Sirens
- Consumption trends among individuals across the globe.
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