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

The industrial annunciator market in Asia Pacific is expected to grow from US$ 452.40 million in 2019 to US$ 684.32 million by 2027; it is estimated to grow at a CAGR of 5.4% from 2020 to 2027. The industrial annunciators have gained prominence over the years and are foreseen to continue surge in numbers and revenues. This dramatic growth in the manufacturing spends and the adoption of novel technologies are the key factors fueling the demand for industrial annunciators.

The conventional annunciator segment led the industrial annunciator market based on type in 2018 and 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 modern annunciators are equipped with advanced electronics that enhance the capability to withstand loud noise, which ultimately reduces the risk of false alarm. These benefits are attracting a significant number of industrial customers, which is bolstering the growth of the conventional annunciators market.

Overall size of Asia Pacific industrial annunciator market has been derived using 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 Asia Pacific 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 Asia Pacific industrial annunciator market. ABB Ltd, AMETEK Inc, Eaton Corporation plc, Dwyer Instruments, Inc, and NOTIFIER are among a few players operating in the Asia Pacific industrial annunciator market.

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