Traffic Signal Controller Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Global Traffic Signal Controller Market
The global traffic signal controller market size was valued at USD 4.62 billion in 2022, and the market is now projected to grow from USD 5.15 billion in 2023 to USD 13.83 billion by 2030, exhibiting a CAGR of 15.1% during the forecast period of 2023-2030.
The COVID-19 regulations brought about sizeable delays in infrastructure initiatives, impacting marketplace increase. Contractors and companies confronted liquidity troubles because of improved debts and occasional cash glide. Supply chain disruptions negatively affected the provision of gadget and components, delaying project timelines. Many street and different infrastructure tasks had been postponed to 2021 and beyond. Additionally, lockdowns prompted a discount inside the utilization and demand for key infrastructure assets like transportation.
Government projects to control urban traffic congestion are boosting marketplace boom. Projects like smart towns and superior site visitors management systems are being carried out international. For instance, in June 2022, the Greater Hyderabad Municipal Corporation installed Adaptive Traffic Signal Control systems the use of actual-time site visitors facts. Countries which includes the UAE, Singapore, China, India, South Korea, and Japan are prioritizing smart economic development. These efforts are expected to pressure the boom of the site visitors signal controller market in the coming years.
The upward push in clever town solutions is pushed by using rapid urbanization and residents' desire for a higher best of life. Cities like Mumbai, Tokyo, and New York face challenges in service shipping and infrastructure control due to population increase. Smart cities offer more efficient visitors waft, reduced congestion, progressed avenue safety, and an stronger commuting experience, addressing these urban demanding situations correctly.
Comprehensive Analysis of Traffic Signal Controller Market
The traffic signal controller market growth is increasing at an exponential level due to its market segmentation. This market expansion correctly affords a detailed local assessments thinking about the dominant supply and call for forces that effect the enterprise. These segmentations are methodically segregated by product type analysis, by application analysis. By product type analysis include, standard controller and smart controller. By application analysis include, urban and suburbs.
TheNorth America region lead the traffic signal controller market share by benefitting a market size of USD 1.73 billion in 2023 due to its the presence of many leading traffic signal controller manufacturers in the region.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, Aldridge Traffic Controllers (Australia), Traffic Technologies Pty Ltd (Australia), Siemens AG (Germany), Johnson Controllers (Ireland), Econolite (U.S.), Sumitomo Electric Mfg Co (Japan), Dynamic Traffic Systems (Malaysia) ,Sena Traffic Systems (Malaysia), Kyosan Electric Mfg Co Ltd (Japan), PPK Technology Sdn. Bhd (Malaysia),Indra Sistemas, S.A. (Spain) these market players provide a level-playing competitive landscape.
InJanuary 2023, Hamilton is imposing the Centracs centralized traffic system for $6 million, improving 27 intersections along the High-Main Street corridor and including to the 30 already equipped with adaptive alerts. This will enhance visitors waft by adjusting to backups and congestion.
Segmentation Table
Attribute Details
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 15.1% from 2023 to 2030
Unit Value (USD Billion)
Segmentation By Product Type
Standard Controller
Smart Controller
By Application
Urban
Suburbs
By Geography
North America (By Product Type and Application)
- U.S. (By Application)
- Canada (By Application)
Europe (By Product Type and Application)
- U.K. (By Application)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Product Type and Application)
- China (By Application)
- India (By Application)
- Indonesia (By Application)
- Thailand (By Application)
- Japan (By Application)
- Rest of Asia Pacific (By Application)
Latin America (By Product Type and Application)
-Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
Middle East and Africa (By Product Type and Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. Overview of the Parent/Related Markets
- 4.2. Supply Chain Analysis
- 4.3. Regulatory Framework
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Analysis related to COVID-19
- 5. Global Fumigant Products Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (By Value)
- 5.2.1.1. Phosphine
- 5.2.1.2. Sulfuryl Fluoride
- 5.2.1.3. Methyl Bromide
- 5.2.1.4. Others
- 5.2.2. By Form (By Value)
- 5.2.2.1. Solid
- 5.2.2.2. Liquid
- 5.2.2.3. Gas
- 5.2.3. By Application (By Value)
- 5.2.3.1. Commercial & Industrial
- 5.2.3.2. Agriculture
- 5.2.3.3. Residential
- 5.2.4. By Region (By Value)
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Fumigant Products Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value)
- 6.2.1.1. Phosphine
- 6.2.1.2. Sulfuryl Fluoride
- 6.2.1.3. Methyl Bromide
- 6.2.1.4. Others
- 6.2.2. By Form (Value)
- 6.2.2.1. Solid
- 6.2.2.2. Liquid
- 6.2.2.3. Gas
- 6.2.3. By Application (Value)
- 6.2.3.1. Commercial & Industrial
- 6.2.3.2. Agriculture
- 6.2.3.3. Residential
- 6.2.4. By Country (Value)
- 6.2.4.1. U.S
- 6.2.4.2. Canada
- 6.2.4.3. Mexico
- 7. Europe Fumigant Products Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value)
- 7.2.1.1. Phosphine
- 7.2.1.2. Sulfuryl Fluoride
- 7.2.1.3. Methyl Bromide
- 7.2.1.4. Others
- 7.2.2. By Form (Value)
- 7.2.2.1. Solid
- 7.2.2.2. Liquid
- 7.2.2.3. Gas
- 7.2.3. By Application (Value)
- 7.2.3.1. Commercial & Industrial
- 7.2.3.2. Agriculture
- 7.2.3.3. Residential
- 7.2.4. By Country (Value)
- 7.2.4.1. U.K.
- 7.2.4.2. France
- 7.2.4.3. Germany
- 7.2.4.4. Spain
- 7.2.4.5. Russia
- 7.2.4.6. Rest of Europe
- 8. Asia Pacific Fumigant Products Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type (Value)
- 8.2.1.1. Phosphine
- 8.2.1.2. Sulfuryl Fluoride
- 8.2.1.3. Methyl Bromide
- 8.2.1.4. Others
- 8.2.2. By Form (Value)
- 8.2.2.1. Solid
- 8.2.2.2. Liquid
- 8.2.2.3. Gas
- 8.2.3. By Application (Value)
- 8.2.3.1. Commercial & Industrial
- 8.2.3.2. Agriculture
- 8.2.3.3. Residential
- 8.2.4. By Country (Value)
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Vietnam
- 8.2.4.4. Australia
- 8.2.4.5. Rest of Asia Pacific
- 9. South America Fumigant Products Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type (Value)
- 9.2.1.1. Phosphine
- 9.2.1.2. Sulfuryl Fluoride
- 9.2.1.3. Methyl Bromide
- 9.2.1.4. Others
- 9.2.2. By Form (Value)
- 9.2.2.1. Solid
- 9.2.2.2. Liquid
- 9.2.2.3. Gas
- 9.2.3. By Application (Value)
- 9.2.3.1. Commercial & Industrial
- 9.2.3.2. Agriculture
- 9.2.3.3. Residential
- 9.2.4. By Country (Value)
- 9.2.4.1. Brazil
- 9.2.4.2. Argentina
- 9.2.4.3. Rest of South America
- 10. Middle East & Africa Fumigant Products Market Analysis, Insights and Forecast, 2019-2030
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type (Value)
- 10.2.1.1. Phosphine
- 10.2.1.2. Sulfuryl Fluoride
- 10.2.1.3. Methyl Bromide
- 10.2.1.4. Others
- 10.2.2. By Form (Value)
- 10.2.2.1. Solid
- 10.2.2.2. Liquid
- 10.2.2.3. Gas
- 10.2.3. By Application (Value)
- 10.2.3.1. Commercial & Industrial
- 10.2.3.2. Agriculture
- 10.2.3.3. Residential
- 10.2.4. By Country (Value)
- 10.2.4.1. South Africa
- 10.2.4.2. Turkey
- 10.2.4.3. Rest of Middle East & Africa
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Fumigant Products Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 13. 12.1 AMVAC Chemical Corporation
- 13.1.
- 13.1.1. Overview
- 13.1.2. Description
- 13.1.3. Product Portfolio
- 13.1.4. Financials (Data as available in public domain and/or on paid databases)
- 13.1.5. Recent Developments
- 13.2. Arkema
- 13.2.1. Overview
- 13.2.2. Description
- 13.2.3. Product Portfolio
- 13.2.4. Financials (Data as available in public domain and/or on paid databases)
- 13.2.5. Recent Developments
- 13.3. Detia Degesch GmbH
- 13.3.1. Overview
- 13.3.2. Description
- 13.3.3. Product Portfolio
- 13.3.4. Financials (Data as available in public domain and/or on paid databases)
- 13.3.5. Recent Developments
- 13.4. Ecotec Fumigation
- 13.4.1. Overview
- 13.4.2. Description
- 13.4.3. Product Portfolio
- 13.4.4. Financials (Data as available in public domain and/or on paid databases)
- 13.4.5. Recent Developments
- 13.5. Intech Organics Ltd
- 13.5.1. Overview
- 13.5.2. Description
- 13.5.3. Product Portfolio
- 13.5.4. Financials (Data as available in public domain and/or on paid databases)
- 13.5.5. Recent Developments
- 13.6. LANXESS AG
- 13.6.1. Overview
- 13.6.2. Description
- 13.6.3. Product Portfolio
- 13.6.4. Financials (Data as available in public domain and/or on paid databases)
- 13.6.5. Recent Developments
- 13.7. Solvay S.A.
- 13.7.1. Overview
- 13.7.2. Description
- 13.7.3. Product Portfolio
- 13.7.4. Financials (Data as available in public domain and/or on paid databases)
- 13.7.5. Recent Developments
- 13.8. Draslovka Services Group
- 13.8.1. Overview
- 13.8.2. Description
- 13.8.3. Product Portfolio
- 13.8.4. Financials (Data as available in public domain and/or on paid databases)
- 13.8.5. Recent Developments
- 13.9. S.C. JOHNSON & SON, INC.
- 13.9.1. Overview
- 13.9.2. Description
- 13.9.3. Product Portfolio
- 13.9.4. Financials (Data as available in public domain and/or on paid databases)
- 13.9.5. Recent Developments
- 13.10. Ensystex Australasia Pty Ltd
- 13.10.1. Overview
- 13.10.2. Description
- 13.10.3. Product Portfolio
- 13.10.4. Financials (Data as available in public domain and/or on paid databases)
- 13.10.5. Recent Developments
- 14. Strategic Recommendations
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