1. Home
  2. > Healthcare
  3. > Pathology Market Trends
Industrial Annunciator Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type ; End user

Industrial Annunciator Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type ; End user

  • June 2020
  • 152 pages
  • ID: 5932673
  • Format: PDF
  • The Insight Partners

Summary

Table of Contents

Search Inside

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 2020 to 2027.

The industrial annunciator market is soaring in the current scenario owing to the rise in 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 industrial annunciator market over the years.

Based on type, the industrial annunciator market is categorized into conventional and dedicated annunciator.In 2019, the conventional annunciator segment dominated the industrial annunciator market.

The modern annunciators are manufactured using bright and long-lasting LEDs, which facilitate end users to incur less cost during maintenance of annunciator panels.Pertaining to this, the adoption rate of conventional annunciators is higher than SCADA systems, particularly in industries such as oil & gas and nuclear power plants.

Moreover, modern annunciators are equipped with advanced electronics that enhance the capability to withstand loud noise, which ultimately reduces the risk of false alarm. These benefits are attracting a significant number of industrial customers, which is bolstering the growth of the conventional annunciator market.

Geographically, the industrial annunciator market has been segmented into North America, Europe, Asia Pacific, South America, and the Middle East and Africa.Europe dominated the industrial annunciator market over recent years, followed by APAC and North America.

The European countries consist of a 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.

The annunciators facilitate the end users by initiating a safety alarm in case of any deviation from the configured parameters on the machinery, which ultimately leads to avoid manufacturing errors. Attributing to the factors mentioned above, the demand for industrial annunciators is surging among European manufacturers, which is driving the 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, and Omniflex are among the major players in the global industrial annunciator market.

Impact of COVID-19 Pandemic on Industrial Annunciator Market

The ongoing global pandemic COVID-19 continues to bring long terms 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 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 industrial annunciator market growth during the coming few years.

Overall size of the global industrial annunciator market has been derived in accordance to primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the industrial annunciator market.

Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants who take part in such a process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the industrial annunciator market.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Online Exam Proctoring Market Forecast to 2028 - COVID-19 Impact and Global Analysis by Type and End User

  • $ 4550
  • November 2022
  • 155 pages

The online exam proctoring is valued at US$ 706.23 million in 2022 and is expected to reach US$ 1,742.95 million by 2028; it is estimated to grow at a CAGR of 16.2% from 2022 to 2028. Online learning ...

  • World
  • North America
  • Infectious Disease
  • Industry analysis
  • Internet Penetration
  • Education Spending

ref:plp2020

Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on