Market Introduction
The industrial annunciators have gained prominence over the years and are foreseen to continue surge in numbers and revenues.APAC is anticipated to be the fastest-growing region in the industrial annunciators 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 historical trends, current inclinations, and future outlook of the market players, as well as end users, facilitated the analysis of the industrial annunciators market.
Market Overview and Dynamics
The AsiaPacificindustrial annunciator market is expected to reach US$684.32millionby 2027 from US$452.40million in 2019, at a CAGR of 5.4% from 2020 to 2027.Use of industrial annunciator for plant safety is the major factor driving the growth of the industrial annunciators market. Moreover, the implementation of an effective human-machine interface (HMI) in plants has resulted in an increased necessity for the safety,which in turn is boosting the growth of the industrial annunciators market.
Key Market Segments
In terms of type, the conventional annunciator segment accounted for the larger share of the AsiaPacificindustrial annunciator market in 2019. In terms of enduser, the large discrete industry segment held a larger market share of theindustrial annunciatormarket in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred for preparing this report on the industrial annunciator market in AsiaPacificare company websites, annual reports, financial reports, national government documents, statistical database, and among others. ABB Ltd, AMETEK Inc, Eaton Corporation plc, Dwyer Instruments, Inc, and NOTIFIERare the major companies listed in the report.
Reasons to buy report
Asia-Pacific Industrial Annunciator Market Segmentation
By Type
By Enduser
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 452.40 Million |
| Market Size by 2027 | US$ 684.32 Million |
| CAGR (2020 - 2027) | 5.4% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Industrial Annunciator Market is valued at US$ 452.40 Million in 2019, it is projected to reach US$ 684.32 Million by 2027.
As per our report Asia Pacific Industrial Annunciator Market, the market size is valued at US$ 452.40 Million in 2019, projecting it to reach US$ 684.32 Million by 2027. This translates to a CAGR of approximately 5.4% during the forecast period.
The Asia Pacific Industrial Annunciator Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Industrial Annunciator Market report:
The Asia Pacific Industrial Annunciator Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Industrial Annunciator Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Industrial Annunciator Market value chain can benefit from the information contained in a comprehensive market report.
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