Europe Industrial Annunciator Market Key Players and Opportunities by 2027

The industrial annunciator market in Europeis expected to grow from US$ 601.51million in 2019 to US$ 787.52million by 2027; it is estimated to grow at a CAGR of 3.6% from 2020 to 2027.

At present, the industrial annunciators market is growing at a rapid pace, owing to the rising number of industries focusing on adopting automated solutions with an objective to boost productivity and increase profit. The existence of a large number of well-established players and emerging players in the market, coupled with a rise in demand from process industries as well as discrete industries, is showcasing an upward growth trend in the industrial annunciator market. Additionally, the development of dedicated annunciators is also attracting a significant number of end users in developed and developing countries, thereby supporting the growth of the Europe industrial annunciator market over the years.

The European Commission (EC) has taken several initiatives to boost the growth of industrial sector in the country by supporting adoption of advanced automated technologies. The growing use of sensors, the development of wireless communication and networks, and the installation of intelligent robots and machines in the European industrial sectorhave transformed manufacturing processes. The rising automation has resulted in increased electrification of industries, which is expected to drive the demand for industrial annunciators.

The shrinkage of manufacturing sector in the region owing to manufacturers shifting toward low-cost countries is further resulting in increased adoption of digital technologies to boost the productivity of European industries. All these developments would require real-time information of connected equipment, which in turn propels the deployment of industrial annunciators.Additionally, the presence of major aerospace and automotive manufacturers in the region is stimulating the growth of the market.

Europe Industrial Annunciator Market Revenue and Forecast to 2027 (US$ Mn)

Europe Industrial Annunciator MarketSegmentation

Europe Industrial Annunciator Market,by Type

• Conventional Annunciators
• Dedicated Annunciators

Europe Industrial Annunciator Market,byEndUser

• Process Industry
• Discrete Industry

Europe Industrial Annunciator Market,by Country

• UK
• Germany
• France
• Italy
• Russia
• Rest of Europe

Europe Industrial Annunciator Market-Companies Mentioned

• ABB Ltd
• AMETEK Inc
• Eaton Corporation plc
• Ronan Engineering Company
• Dwyer Instruments, Inc
• NOTIFIER
• Schweitzer Engineering Laboratories, Inc.
• Apex Automation Solutions
• Omniflex

Europe Industrial Annunciator Report Scope