Global Industrial Annunciators Market is Likely to Grow a CAGR of 2.87% during the Forecast Period

The latest market report published by Credence Research, Inc. “Global Industrial Annunciators Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Industrial Annunciators Market generated revenue of around USD 501.64 million in 2021 and is anticipated to grow a CAGR of over 2.87% during the forecast period from 2021 to 2028 to reach around USD 624.37 million in 2028. While, cumulative growth opportunity presented by the global Industrial Annunciators is around USD 4 billion during 2022 to 2028.

Global Industrial Annunciators Market, 2021 – 2028 (USD Million)

Browse the full report at Industrial Annunciators Market Size, Trends, Share and Growth Report | Forecast to 2028 (credenceresearch.com)

Annunciators are an arrangement of circuits and indicator lights that are designed to alert a human by sounding audible alarms or buzzers and blinking signaling lights when a process deviates from its normal state. Annunciators in industrial uses are used to monitor and process the operating conditions of manufacturing machines and other equipment. They work with sensors throughout the manufacturing process to alert workers or operators of any abnormalities during a process in order to stop or fix the operation.

Ever Increasing Demand for Safety Systems in Manufacturing Sector

Manufacturing is getting more and more complex with increasing technological advancement in manufacturing process across different verticals. Manufacturing sectors have lot of potential hazards for human life. Hence, there is a frequent need for effective and efficient safety system to be in place that can provide real-time alarms about any deviation in manufacturing process. That’s where Industrial Annunciators comes into picture. Industrial Annunciators are most efficient signaling devices which aids operators to understand any kind of unusual process taking place on manufacturing floor.

Conventional Industrial Annunciators to Held the Largest Share

Conventional annunciator and Dedicated annunciator are two major types of Industrial Annunciators. Conventional Industrial Annunciators accounted for the largest share of the total revenue generate din the global market. It held over 55% share in revenue generation in 2021. While, Dedicated Industrial Annunciators are likely to post moderate CAGR of over 2.5% during the forecast period.

Vertical Carousel to Dominate

Vertical Carousel and Horizontal Carousel are major products types of Industrial Annunciators. Vertical Carousel segment accounted for over 60% share of the total revenue generation in 2021.

Process Industry to Grow at Rapid Pace

Process industry and Discrete industry are major end-user industries for the global Industrial Annunciators. Process industry held vast majority of the total revenue generated in 2021. It is also expected to exhibit rapid CAGR as compare to discrete industry.

Century Control Systems, Inc., OMRON Corporation, Patlite (USA) Corporation, Omniflex, Eaton Corporation, Hirsch Electronics Corp., Pem-Tech, Inc., Schweitzer Engineering Laboratories, Inc., Apex Automation Solutions, Honeywell International (Fire-Lite), ABB, AMETEK, Inc., Automation Displays, Inc., Linde North America, Inc., Notifier and OMEGA Engineering, Inc. are key players participating in the global Industrial Annunciators market.

Market Segmentation

Global Industrial Annunciators Market by Type, 2016 – 2028

  • Conventional annunciator
  • Dedicated annunciator

Global Industrial Annunciators Market by Product, 2016 – 2028

  • Vertical Carousel
  • Horizontal Carousel

Global Industrial Annunciators Market by End-user, 2016 – 2028

  • Process industry
  • Discrete industry

Global Industrial Annunciators Market by Company, 2021

  • Century Control Systems, Inc.
  • OMRON Corporation
  • Patlite (USA) Corporation
  • Omniflex
  • Eaton Corporation
  • Hirsch Electronics Corp.
  • Pem-Tech, Inc.
  • Schweitzer Engineering Laboratories, Inc.,
  • Apex Automation Solutions
  • Honeywell International (Fire-Lite)
  • ABB
  • AMETEK, Inc.
  • Automation Displays, Inc.
  • Linde North America, Inc.
  • Notifier
  • OMEGA Engineering, Inc.
  • Others