Industrial Annunciators Market Forecasts to 2028 – Global Analysis By Type (Dedicated Annunciator, Conventional Annunciator), Indicator (Lamps, Alarm Sounds), End User (Discrete Industry, Process Industry), and By Geography
According to Stratistics MRC, the Global Industrial Annunciators Market is accounted for $1999.73 million in 2020 and is expected to reach $2999.83 million by 2028 growing at a CAGR of 5.2% during the forecast period. Growing demand for annunciators in alarm safety systems and rising usage of noiseless industrial annunciators are the major factors propelling the market growth. However, the availability of alternatives sources is hampering the market growth.
Industrial annunciator refers to the processing monitoring system that generates warning alarm sound or light for any unsafe operating conditions or mishaps in the industries. It generates a warning light if the process gets deviated. The indicators alert the operators to unsafe operations in the factories. The industrial annunciator comprises of the sensors and indicators indicating various phases of a process. These are categorized into various types on the basis of color of alarm light such as amber, blue, red, and green.
Based on end user, the process industry segment is estimated to have a lucrative growth due to the significant rise in the number of industrial component manufacturers and assemblers in developing regions, such as Asia Pacific. The awareness related to the benefits of annunciators among the Asia Pacific industrial component manufacturers and assemblers is high, which generates substantial demand for this equipment and is expected to support the growth of the process industry annunciator market in the forecast period.
By geography, Europe is going to have a lucrative growth during the forecast period due to the presence of large number of component manufacturers and OEMs from a wide variety of industries such as general manufacturing, automotive, pharmaceutical, medical devices, and semiconductors. The demand for annunciators among the industries mentioned above is prominently high owing to the fact that the production error percentage plays a crucial role in these industries.
Some of the key players profiled in the Industrial Annunciators Market include Ronan Engineering Company, AMETEK, Inc, ABB.ltd, Eaton Corporation, Honeywell International (Fire-Lite), OMRON Corporation, NOTIFIER, Pem-Tech, Inc, Century Control Systems, Inc, Automation Displays, Inc, Patlite (USA) Corporation, Linde North America, Inc, Hirsch Electronics Corp, and OMEGA Engineering, Inc.
• Dedicated Annunciator
• Conventional Annunciator
• Vertical Carousel
• Horizontal Carousel
• Alarm Sounds
End Users Covered:
• Discrete Industry
• Process Industry
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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