The industrial annunciator market was valued at US$ 1,900.88 million in 2019 and is projected to reach US$ 2,547.73 million by 2027; it is expected to grow at a CAGR of 3.9% from 2019 to 2027.
Over the years, the manufacturing and production facilities have witnessed a significant surge in the penetration of sophisticated industrial equipment and machinery that require continuous monitoring for their seamless functioning to avoid catastrophic failures. Similarly, high valued assets such as aircraft, marine vessels, aerospace & defense vehicles, owing to their significant investment, require robust as well as efficient alert and centralized solution for providing the information of process controls in real-time. As a result, industrial annunciator is a specially designed solution that facilitates aid in seamless monitoring and supervision of a broad range of industrial processes, equipment, assets, and operational activities across the process and discrete industries. Based on the product design and functionality, the solution offers swift alert or warning to the associated process control in case of unanticipated activities or failures at a centralized location. Thus, unlike the conventional alarm or warning system, the industrial annunciator can significantly aid precisely highlighting the location of the failure and subsequently diverting resources or action teams to prevent the cascading of the fault within the facility or asset.
APAC is anticipated to be the fastest-growing region in the industrial annunciator market. The region consists of several developing countries such as China, India, Japan, Taiwan, and South Korea, which are experiencing substantial growth in the number of industries (both process and discrete). The continuously growing number of industries with advanced technologies is propelling the demand for industrial annunciators among the manufacturers and assemblers. The industrial sector players in the region are increasingly emphasizing on connected technologies, which facilitate the players with optimized productivity, thereby leading to increased revenue. Thus, the growing demand for connected technologies in the industrial sector is considered a prominent factor in promoting annunciators, which is augmenting the industrial annunciator market in the region.
Impact of COVID-19 Pandemic on Industrial Annunciator Market
The ongoing global pandemic COVID-19 continues to bring long term disruption across several major process as well as discrete industries. For instance, automotive, steel production, general manufacturing, electrical & electronics industry and OEMs based market players among numerous others are facing disruptions their supply chain. However, among process industries the impact has been varying across different vertical such as impacting heavily on aviation, oil & gas, and numerous materials sectors attracting heavy reduction in their ongoing production volume. Whereas, industries such as food & beverages, pharmaceuticals, power generation and chemicals have noticed limited disruption during the pandemic across different economies. As a result, prevalence of nation-wide lockdown to minimize the transmission of COVID-19 has significantly disrupted the supply chain activities along with the production volume across several manufacturers especially the small & medium enterprise owners. Moreover, the limited production activities along with disappearing demand for numerous control products and components is expected to contract significantly during the 2020 resulting in stark decline in the market growth during the coming few years.
Lucrative Regions for Industrial Annunciator Market
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Market Insights
An increase in need for industrial annunciators to manage plant safety
Annunciators are closely related to safety shutdown systems (SIS); however, their function is not similar. Annunciators are vital to preserving the integrity of processing units. These systems alert operators to plant conditions, for instance, divergence from standard operating limits and to irregular events, which need prompt action or evaluation. However, annunciators are not typically related to safety; they play a significant role in supporting operators to moderate the requirement for the safety-related systems, thereby enhancing overall plant safety.
From containment loss at a nuclear site to fuel refinery explosions, such catastrophes are only avoided if operators can promptly recognize and takes steps toward impending danger. Thus, industrial annunciators are being adopted by several plants as an important component of their mission-critical safety systems.
Type-Based Market Insights
The industrial annunciators have gained prominence over the years and are foreseen to continue surge in numbers and revenues. The continuously rising demand for industrial annunciators is majorly attributed to an increase in the number of industries in developed and developing countries. Additionally, with the rise in industrial automation systems, the requirement and adoption rate of advanced technologies and systems have been surging at a tremendous rate. The industrial annunciator market players are engaging themselves in developing robust solutions to cater to the requirement of their clients, which is boosting the industrial annunciator market in the current scenario. Based on type, the industrial annunciator market is segmented into conventional annunciators and dedicated annunciators.
Industrial Annunciator Market, by Type – 2019 and 2027
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End User-Based Market Insights
Based on end user, the industrial annunciator market is segmented into process industry and discrete industry. The demand for industrial annunciators is anticipated to surge during the forecast period owing to the noteworthy 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 APAC industrial component manufacturers and assemblers is high, which generates substantial demand for this equipment and is foreseen to support the growth of the industrial annunciator market in the coming years.
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Industrial Annunciator Market: Strategic Insights
Market Size Value in US$ 1,900.88 Million in 2019 Market Size Value by US$ 2,547.73 Million by 2027 Growth rate CAGR of 3.9% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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Industrial Annunciator Market: Strategic Insights
| Market Size Value in | US$ 1,900.88 Million in 2019 |
| Market Size Value by | US$ 2,547.73 Million by 2027 |
| Growth rate | CAGR of 3.9% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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The global industrial annunciator market is moderately fragmented at a global level comprising prominent well-recognized brands available across developed economies to a notable number of unorganized industrial annunciator market players operating in emerging countries such as Asian and MEA regions. ABB Ltd, AMETEK Inc, Eaton Corporation plc, Ronan Engineering Company, Automation Displays Inc, Dwyer Instruments, Inc, NOTIFIER, Schweitzer Engineering Laboratories, Inc., Apex Automation Solutions, and Omniflex are among the major players in the global industrial annunciator market.
2019:
AMETEK France has opened a Technology Solutions Centre as a regional headquarters in Élancourt City in order to support the growth of its electromechanical product and electronic instrument businesses in France. Moreover, the center was opened with an aim to serve as a hub of innovation for the European markets.2019:
Honeywell entered into a definitive agreement to acquire Xtralis, a leading global provider of aspirating smoke detection along with advanced perimeter security technologies and video analytics software.2018:
ABB Ltd. announced an investment of US$ 150 Mn in Shanghai, China. The investment is aimed to build most advanced, automated and flexible robotics factory. This production line will focus on machine learning, digital and collaborative solutions, and the R & D team will focus on AI research.Industrial Annunciator Market Segmentation:
By Type
- Conventional Annunciator
- Dedicated Annunciator
By End user
- Discrete Industry
- Process Industry
Company Profiles
- ABB Ltd
- AMETEK Inc.
- Eaton Corporation plc.
- Ronan Engineering Company
- Automation Displays Inc.
- Dwyer Instruments, Inc.
- NOTIFIER
- Schweitzer Engineering Laboratories, Inc.
- Apex Automation Solutions
- Omniflex
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; End user
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The Europe region led the industrial annunciator market in 2019 owing to strong considerable demand for maintaining and supervision of industrial system and equipment across its notably large industrial sector and stringent workplace safety regulation.
The surge in electrification of industrial process controls and safety system across numerous industry vertical has significantly propelled the growth of the market. IN addition to this, features such as low-cost maintenance of conventional system and durability also has facilitated in the growth of the market in selected industrial sectors.
The discrete industry owing to notable adoption of significant number of electrical machinery, systems, equipment has resulted in their leading market share and is projected to continue to dominate the market during the coming years.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Industrial Annunciator Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Industrial Annunciator Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 An increase in need for Industrial Annunciators to Manage Plant Safety
5.1.2 Rising Adoption of Automation in the Industrial Sector
5.2 Market Restraints
5.2.1 Use of SCADA as an Alternative
5.3 Market Opportunities
5.3.1 Growing Demand for Noise Immune Industrial Annunciators
5.4 Future Trends
5.4.1 Adoption of Wireless Annunciators
5.5 Impact Analysis of Drivers and Restraints
6. Industrial Annunciator – Global Market Analysis
6.1 Industrial Annunciator Market Overview
6.2 Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players Ranking
7. Industrial Annunciator Market Analysis – By Type
7.1 Overview
7.2 Industrial Annunciator Market, By Type (2019 and 2027)
7.3 Conventional Annunciators
7.3.1 Overview
7.3.2 Conventional Annunciators: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
7.4 Dedicated Annunciators
7.4.1 Overview
7.4.2 Dedicated Annunciators: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
8. Industrial Annunciator Market Analysis – By End-user
8.1 Overview
8.2 Industrial Annunciator Market, By End-user (2019 and 2027)
8.3 Process Industry
8.3.1 Overview
8.3.2 Process Industry: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
8.4 Discrete Industry
8.4.1 Overview
8.4.2 Discrete Industry: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9. Industrial Annunciator Market – Geographic Analysis
9.1 Overview
9.2 North America: Industrial Annunciator Market
9.2.1 North America: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.2.2 North America: Industrial Annunciator Market, by Type
9.2.3 North America: Industrial Annunciator Market, by End-user
9.2.4 North America: Industrial Annunciator Market, by Key Country
9.2.4.1 US: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.2.4.1.1 US: Industrial Annunciator Market, by Type
9.2.4.1.2 US: Industrial Annunciator Market, by End-user
9.2.4.2 Canada: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.2.4.2.1 Canada: Industrial Annunciator Market, by Type
9.2.4.2.2 Canada: Industrial Annunciator Market, by End-user
9.2.4.3 Mexico: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.2.4.3.1 Mexico: Industrial Annunciator Market, by Type
9.2.4.3.2 Mexico: Industrial Annunciator Market, by End-user
9.3 Europe: Industrial Annunciator Market
9.3.1 Europe: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.3.2 Europe: Industrial Annunciator Market, by Type
9.3.3 Europe: Industrial Annunciator Market, by End-user
9.3.4 Europe: Industrial Annunciator Market, by Key Country
9.3.4.1 UK: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.3.4.1.1 UK: Industrial Annunciator Market, by Type
9.3.4.1.2 UK: Industrial Annunciator Market, by End-user
9.3.4.2 Germany: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.3.4.2.1 Germany: Industrial Annunciator Market, by Type
9.3.4.2.2 Germany: Industrial Annunciator Market, by End-user
9.3.4.3 France: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.3.4.3.1 France: Industrial Annunciator Market, by Type
9.3.4.3.2 France: Industrial Annunciator Market, by End-user
9.3.4.4 Italy: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.3.4.4.1 Italy: Industrial Annunciator Market, by Type
9.3.4.4.2 Italy: Industrial Annunciator Market, by End-user
9.3.4.5 Russia: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.3.4.5.1 Russia: Industrial Annunciator Market, by Type
9.3.4.5.2 Russia: Industrial Annunciator Market, by End-user
9.3.4.6 Rest of Europe: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.3.4.6.1 Rest of Europe: Industrial Annunciator Market, by Type
9.3.4.6.2 Rest of Europe: Industrial Annunciator Market, by End-user
9.4 APAC: Industrial Annunciator Market
9.4.1 APAC: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.4.2 APAC: Industrial Annunciator Market, by Type
9.4.3 APAC: Industrial Annunciator Market, by End-user
9.4.4 APAC: Industrial Annunciator Market, by Key Country
9.4.4.1 China: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.4.4.1.1 China: Industrial Annunciator Market, by Type
9.4.4.1.2 China: Industrial Annunciator Market, by End-user
9.4.4.2 Japan: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.4.4.2.1 Japan: Industrial Annunciator Market, by Type
9.4.4.2.2 Japan: Industrial Annunciator Market, by End-user
9.4.4.3 India: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.4.4.3.1 India: Industrial Annunciator Market, by Type
9.4.4.3.2 India: Industrial Annunciator Market, by End-user
9.4.4.4 Australia: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.4.4.4.1 Australia: Industrial Annunciator Market, by Type
9.4.4.4.2 Australia: Industrial Annunciator Market, by End-user
9.4.4.5 South Korea: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.4.4.5.1 South Korea: Industrial Annunciator Market, by Type
9.4.4.5.2 South Korea: Industrial Annunciator Market, by End-user
9.4.4.6 Rest of APAC: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.4.4.6.1 Rest of APAC: Industrial Annunciator Market, by Type
9.4.4.6.2 Rest of APAC: Industrial Annunciator Market, by End-user
9.5 MEA: Industrial Annunciator Market
9.5.1 MEA: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.5.2 MEA: Industrial Annunciator Market, by Type
9.5.3 MEA: Industrial Annunciator Market, by End-user
9.5.4 MEA: Industrial Annunciator Market, by Key Country
9.5.4.1 Saudi Arabia: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.5.4.1.1 Saudi Arabia: Industrial Annunciator Market, by Type
9.5.4.1.2 Saudi Arabia: Industrial Annunciator Market, by End-user
9.5.4.2 UAE: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.5.4.2.1 UAE: Industrial Annunciator Market, by Type
9.5.4.2.2 UAE: Industrial Annunciator Market, by End-user
9.5.4.3 South Africa: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.5.4.3.1 South Africa: Industrial Annunciator Market, by Type
9.5.4.3.2 South Africa: Industrial Annunciator Market, by End-user
9.5.4.4 Rest of MEA: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.5.4.4.1 Rest of MEA: Industrial Annunciator Market, by Type
9.5.4.4.2 Rest of MEA: Industrial Annunciator Market, by End-user
9.6 SAM: Industrial Annunciator Market
9.6.1 SAM: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.6.2 SAM: Industrial Annunciator Market, by Type
9.6.3 SAM: Industrial Annunciator Market, by End-user
9.6.4 SAM: Industrial Annunciator Market, by Key Country
9.6.4.1 Brazil: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.6.4.1.1 Brazil: Industrial Annunciator Market, by Type
9.6.4.1.2 Brazil: Industrial Annunciator Market, by End-user
9.6.4.2 Argentina: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.6.4.2.1 Argentina: Industrial Annunciator Market, by Type
9.6.4.2.2 Argentina: Industrial Annunciator Market, by End-user
9.6.4.3 Rest of SAM: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
9.6.4.3.1 Rest of SAM: Industrial Annunciator Market, by Type
9.6.4.3.2 Rest of SAM: Industrial Annunciator Market, by End-user
10. Impact of COVID-19 Pandemic on Global Industrial Annunciator Market
10.1 Overview
10.1.1 North America: Impact Assessment of COVID-19 Pandemic
10.1.2 Europe: Impact Assessment of COVID-19 Pandemic
10.1.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
10.1.4 MEA: Impact Assessment of COVID-19 Pandemic
10.1.5 SAM: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Market Initiative
12. Key Company Profiles
12.1 ABB Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 AMETEK Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Eaton Corporation plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Ronan Engineering Company
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Automation Displays Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Dwyer Instruments, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 NOTIFIER
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Schweitzer Engineering Laboratories, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Apex Automation Solutions
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Omniflex
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Table 2. North America: Industrial Annunciator Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 3. North America: Industrial Annunciator Market, by End-user – Revenue and Forecast to 2027 (US$ Million)
Table 4. US: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 5. US: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 6. Canada: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 7. Canada: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 8. Mexico: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 9. Mexico: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 10. Europe: Industrial Annunciator Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 11. Europe: Industrial Annunciator Market, by End-user – Revenue and Forecast to 2027 (US$ Million)
Table 12. UK: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 13. UK: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 14. Germany: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 15. Germany: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 16. France: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 17. France: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 18. Italy: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 19. Italy: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 20. Russia: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 21. Russia: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 22. Rest of Europe: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 23. Rest of Europe: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 24. APAC: Industrial Annunciator Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 25. APAC: Industrial Annunciator Market, by End-user – Revenue and Forecast to 2027 (US$ Million)
Table 26. China: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 27. China: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 28. Japan: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 29. Japan: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 30. India: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 31. India: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 32. Australia: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 33. Australia: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 34. South Korea: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 35. South Korea: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 36. Rest of APAC: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 37. Rest of APAC: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 38. MEA: Industrial Annunciator Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 39. MEA: Industrial Annunciator Market, by End-user – Revenue and Forecast to 2027 (US$ Million)
Table 40. Saudi Arabia: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 41. Saudi Arabia: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 42. UAE: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 43. UAE: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 44. South Africa: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 45. South Africa: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 46. Rest of MEA: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 47. Rest of MEA: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 48. SAM: Industrial Annunciator Market, by Type – Revenue and Forecast to 2027 (US$ Million)
Table 49. SAM: Industrial Annunciator Market, by End-user – Revenue and Forecast to 2027 (US$ Million)
Table 50. Brazil: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 51. Brazil: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 52. Argentina: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 53. Argentina: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 54. Rest of SAM: Industrial Annunciator Market, by Type –Revenue and Forecast to 2027 (US$ Million)
Table 55. Rest of SAM: Industrial Annunciator Market, by End-user –Revenue and Forecast to 2027 (US$ Million)
Table 56. List of Abbreviation
LIST OF FIGURES
Figure 1. Industrial Annunciator Market Segmentation
Figure 2. Industrial Annunciator Market Segmentation – By Geography
Figure 3. Global Industrial Annunciator Market Overview
Figure 4. Global Industrial Annunciator Market Outlook
Figure 5. Global Industrial Annunciator Market – Geography Analysis
Figure 6. Global Industrial Annunciator Market – Type Analysis
Figure 7. Global Industrial Annunciator Market – End-user Analysis
Figure 8. North America: PEST Analysis
Figure 9. Europe: PEST Analysis
Figure 10. APAC: PEST Analysis
Figure 11. MEA: PEST Analysis
Figure 12. SAM: PEST Analysis
Figure 13. Industrial Annunciator Market – Ecosystem Analysis
Figure 14. Expert Opinion
Figure 15. Industrial Annunciator Market Impact Analysis of Drivers and Restraints
Figure 16. Geographic Overview of Industrial Annunciator Market
Figure 17. Global: Industrial Annunciator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18. Industrial Annunciator Market Revenue Share, by Type (2019 and 2027)
Figure 19. Conventional Annunciators: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Dedicated Annunciators: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 21. Industrial Annunciator Market Revenue Share, by End-user (2019 and 2027)
Figure 22. Process Industry: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 23. Discrete Industry: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 24. Global Industrial Annunciator Market Revenue Share, by Region (2019 and 2027)
Figure 25. North America: Industrial Annunciator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. North America: Industrial Annunciator Market Revenue Share, by Type (2019 and 2027)
Figure 27. North America: Industrial Annunciator Market Revenue Share, by End-user (2019 and 2027)
Figure 28. North America: Industrial Annunciator Market Revenue Share, by Key Country (2019 and 2027)
Figure 29. US: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 30. Canada: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 31. Mexico: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 32. Europe: Industrial Annunciator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Europe: Industrial Annunciator Market Revenue Share, by Type (2019 and 2027)
Figure 34. Europe: Industrial Annunciator Market Revenue Share, by End-user (2019 and 2027)
Figure 35. Europe: Industrial Annunciator Market Revenue Share, by Key Country (2019 and 2027)
Figure 36. UK: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 37. Germany: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 38. France: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 39. Italy: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 40. Russia: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 41. Rest of Europe: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 42. APAC: Industrial Annunciator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 43. APAC: Industrial Annunciator Market Revenue Share, by Type (2019 and 2027)
Figure 44. APAC: Industrial Annunciator Market Revenue Share, by End-user (2019 and 2027)
Figure 45. APAC: Industrial Annunciator Market Revenue Share, by Key Country (2019 and 2027)
Figure 46. China: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 47. Japan: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 48. India: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 49. Australia: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 50. South Korea: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 51. Rest of APAC: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 52. MEA: Industrial Annunciator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 53. MEA: Industrial Annunciator Market Revenue Share, by Type (2019 and 2027)
Figure 54. MEA: Industrial Annunciator Market Revenue Share, by End-user (2019 and 2027)
Figure 55. MEA: Industrial Annunciator Market Revenue Share, by Key Country (2019 and 2027)
Figure 56. Saudi Arabia: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 57. UAE: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 58. South Africa: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 59. Rest of MEA: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 60. SAM: Industrial Annunciator Market – Revenue and Forecast to 2027 (US$ Million)
Figure 61. SAM: Industrial Annunciator Market Revenue Share, by Type (2019 and 2027)
Figure 62. SAM: Industrial Annunciator Market Revenue Share, by End-user (2019 and 2027)
Figure 63. SAM: Industrial Annunciator Market Revenue Share, by Key Country (2019 and 2027)
Figure 64. Brazil: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 65. Argentina: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 66. Rest of SAM: Industrial Annunciator Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 67. Impact of COVID-19 Pandemic in North American Country Markets
Figure 68. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 69. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 70. Impact of COVID-19 Pandemic in MEA Markets
Figure 71. Impact of COVID-19 Pandemic in SAM Markets
The List of Companies - Industrial Annunciator Market
- ABB Ltd
- AMETEK Inc.
- Eaton Corporation plc
- Ronan Engineering Company
- Automation Displays Inc.
- Dwyer Instruments, Inc.
- NOTIFIER
- Schweitzer Engineering Laboratories, Inc.
- Apex Automation Solutions
- Omniflex
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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