North America Industrial Annunciator Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type, End user, and Country

The industrial annunciator market in North America is expected to grow from US$ 396.52 million in 2019 to US$ 490.18 million by 2027; it is estimated to grow at a CAGR of 2.8% from 2020 to 2027. The industrial annunciators have gained prominence over the years and are foreseen to continue surge in numbers and revenues. The rise in demand for seamless monitoring and controlling critical industrial assets, equipment, and machinery across different industry verticals, especially discrete industries, has been powering the growth of the market in the past few years.

In terms of type, the conventional annunciator segment led the industrial annunciator market in 2019. The majority of the industries have been installing annunciators intending to monitor the process. The annunciators benefit industries by initiating an alarm light and sound in case of any deviation during the operation. The industrial sector players across North America are actively emphasizing on adoption of automation tools, which augment the demand for incorporation of safety alarm solutions. These solutions act as a human-machine interface (HMI) in the industrial process. The easy availability of conventional annunciators is enabling industrial customers to choose from a wide variety of annunciators. This bridges the gap between demand and adoption, thereby catalyzing the growth of the conventional annunciators market.

Overall size of the North America industrial annunciator market has been derived using both 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 market. The process also serves the purpose of obtaining overview and forecast for the North America industrial annunciator market with respects to all the segments pertaining to the region. 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 North America industrial annunciator market are ABB Ltd, AMETEK Inc, Eaton Corporation plc, Ronan Engineering Company and Automation Displays Inc.

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