Industrial Annunciators Market: High Growth Opportunities | Emerging Trends | Industry Review

Industrial Annunciators Market Introduction

An industrial annunciator is a process monitoring system which consists of different indicators indicating various phases of a process.
Industrial annunciators generate a warning alarm light or sound if the procedure deviates from its set configuration.

Industrial Annunciators Market Dynamics

Growing need for annunciators in alarm safety systems is considered a key factor promoting the demand for industrial annunciators and thereby encouraging the growth of the market in coming years.
Increasing adoption of automation in the industrial sector has augmented the demand to incorporate safety alarm systems which is an effective interface between man and machine in industrial processes.
Moreover, in the last few years, implementation of annunciators in complex industrial plants has increased significantly due to increasing number of connected equipment and processes in the industrial sector.
This is expected to drive the demand for remote annunciators and alarm annunciator panels, thereby encouraging the growth of the industrial annunciators market.
Apart from this, increasing demand for noiseless industrial annunciators is expected to be an emerging trend gaining traction in the industrial annunciators market in the upcoming years.

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Leading vendors are offering varied products with added features such as remote annunciators which can work efficiently in areas where fire alarm control panels are situated at a distance.
These technical innovations by industrial annunciator manufacturers is projected to have a significant impact on the demand for annunciators’ panel, thus promoting the growth of the industrial annunciators market.
However, availability of alternatives is expected to hinder the adoption rate of industrial annunciators, thereby hindering the growth of the industrial annunciators market.

Industrial Annunciators Market: Segmentation Analysis

Based on type, the industrial annunciators market can be segmented into conventional annunciators and dedicated annunciators.
Conventional annunciators accounted for major share of the market in 2018. These annunciators are very popular among end-users as they can be employed in different industrial processes where several key parameters need to be monitored.
This segment is expected to see increased market share and thereby maintain its leading position in the industrial annunciators market over the forecast period.
Dedicated annunciators are expected to witness highest adoption rate among users and hence this segment is projected to expand rapidly over the forecast period.
By product, the industrial annunciators market can be bifurcated into vertical carousel and horizontal carousel.
Based on end-user, the industrial annunciators market can be categorized into process industry and discrete industry.

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Europe to Lead the Global Market for Industrial Annunciators

In terms of region, the global industrial annunciators market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa
Europe is likely to dominate the global industrial annunciators market from 2019 to 2027
The market in Asia Pacific is anticipated to expand significantly in the near future. Emerging economies such as China and India are expected to contribute significantly to the expansion of the industrial annunciators market due to the rapid expansion of the industrial sector coupled with growing adoption of process automation in industrial plants. This is expected to be a major factor that drives the demand for industrial annunciators, thereby boosting the industrial annunciators market in the region

Key Manufacturers Operating in the Market

The global industrial annunciators market was highly fragmented in 2018, with the presence of many established players who occupy prominent market share. These vendors focus on innovations, product development, and adopt advanced technologies to produce innovative products to meet the changing needs of end-users and thus create a competitive environment in the industrial annunciators market. Key manufacturers operating in the global market are:

ABB
AMETEK, Inc.
Automation Displays, Inc.
Century Control Systems, Inc.
Eaton Corporation
Hirsch Electronics Corp.
Honeywell International (Fire-Lite)
Linde North America, Inc.
Notifier
OMEGA Engineering, Inc.
OMRON Corporation

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