Market Introduction
Industrial annunciator is a specially designed solution that facilitates aid in seamless continuous monitoring and supervision of a broad range of industrial processes, equipment, assets, and operational activities across 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.
Market Overview and Dynamics
The Europeindustrial annunciator market is expected to reach US$787.25millionby 2027 from US$601.51million in 2019, at a CAGR of 3.6% from 2020 to 2027.Industrial annunciators adopted by several plants as an important component of their mission-critical safety systems is a major factor driving the growth of the market. Moreover, growing plant complexity owing to the surging connected equipment and processes is boosting the requirement for alarm handling to incorporate annunciators.
Key Market Segments
In terms of type, the conventional annunciator segment accounted for the larger share of the Europeindustrial annunciator market in 2019. In terms of enduser, the large discrete industry segment held a larger market share of theindustrial annunciatormarket in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred while preparing this report on the industrial annunciator market in Europeare company websites, annual reports, financial reports, national government documents, statistical database, and among others. Major companies listed in the report are ABB Ltd, AMETEK Inc, Eaton Corporation plc, Ronan Engineering Company, Dwyer Instruments, Inc, and among others.
Reasons to buy report
Europe Industrial Annunciator Market Segmentation
By Type
By Enduser
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 601.51 Million |
| Market Size by 2027 | US$ 787.25 Million |
| CAGR (2020 - 2027) | 3.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Industrial Annunciator Market is valued at US$ 601.51 Million in 2019, it is projected to reach US$ 787.25 Million by 2027.
As per our report Europe Industrial Annunciator Market, the market size is valued at US$ 601.51 Million in 2019, projecting it to reach US$ 787.25 Million by 2027. This translates to a CAGR of approximately 3.6% during the forecast period.
The Europe 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 Europe Industrial Annunciator Market report:
The Europe Industrial Annunciator Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Industrial Annunciator Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Industrial Annunciator Market value chain can benefit from the information contained in a comprehensive market report.
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