Industrial I/O Modules Market Size to Grow by $ 2.33 bn through 2021-2025
The industrial i/o modules market is expected to grow by $ 2.33 bn, accelerating at a CAGR of almost 6% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View Free Sample Report
Industrial I/O Modules Market: Segmentation by Product
This report provides a detailed analysis of the market by Product (PLC I/O, DCS I/O, and Industrial PC I/O), End-user (Process industries and Discrete industries), and Geography (Europe, APAC, North America, MEA, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
Industrial I/O Modules Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Emerson Electric Co., General Electric Co., Mitsubishi Corp., Moxa Inc., OMRON Corp., Pepperl+Fuchs AG, Rockwell Automation Inc., Siemens AG, and TE Connectivity Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The Global Industrial I/O Modules Market is expected to grow by $ 2.33 billion, accelerating at a CAGR of over 6% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. View our Free Sample Report
Industrial I/O Modules Market: Segmentation by Product
During 2020, the PLC I/O segment dominated the Global Industrial I/O Modules Market. However, industries such as oil and gas, power, chemical, and automotive are the major end-users of DCS based I/O modules. Therefore, the demand for DCS has witnessed sustainable growth in high-risk applications, such as in chemical and nuclear reactor facilities, wherein it is important for process managers to retain elevated levels of control over the entire plant. This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial I/O modules market size.
The increasing adoption of smart grids and new developments in power grid projects can help in the growth of the industrial I/O modules globally. Power grid projects have high scope for the adoption of industrial I/O modules in power generation, transmission, and distribution. Smart grids include grid applications such as I/O modules and related equipment, smart energy meters, IT, and other communication networks. These devices offer complete control to utilities and aid in managing digital assets available in the field. The key benefits of smart grids over traditional grids will play a key role in fostering investments in smart grid projects, which will drive the growth of the market.
Industrial I/O Modules Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. ABB Ltd., Emerson Electric Co., General Electric Co., Mitsubishi Corp., Moxa Inc., OMRON Corp., Pepperl+Fuchs AG, Rockwell Automation Inc., Siemens AG, and TE Connectivity Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio forecasts three scenarios (optimistic, probable, and pessimistic) to evaluate the impact of COVID-19 Download a Free Sample Report. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
