I/O modules are devices that connect field devices such as drives, actuators, and sensors with controllers, such as PLC, distributed control system (DCS), and industrial PCs. The I/O modules convert field signals into data and send it to the controller.
The rise in investments in smart power grids as one of the primary growth factors for this market. Governments across the globe are increasingly deploying smart grids at a fast pace. Several countries such as India, the US, China, France, Spain, and Germany have already started implementing smart grid solutions, which includes grid applications for I/O modules and related equipment, smart energy meters, and other communication networks. To reduce risks at their smart grid facilities, these countries will start using sophisticated systems, which will increase the need for I/O modules to use in substation automation, distributed automation, and primary equipment monitoring.
One of the major trends that will gain traction in this market is the rise in implementation of wireless modules through cloud connectivity. Wireless I/O modules are used for operating and controlling field instruments. They are equipped with high-speed data transfer standard which ensures the ease of interoperability between field devices. Moreover, these modules can be used without the need for a gateway and since they collect information from any third party sensor and connect to an existing network, they enable easy deployment and significantly reduce cabling costs.
EMEA is expected to be the major revenue contributor to the market throughout the next four years. The rise in government support and investments towards the development of smart grids in Europe, will drive the growth of the market in this region. Additionally, increased exploration and production activities in the North Sea and the UK continental shelf by oil and gas companies such as Statoil, Shell, and BP, will increase the implementation of automation solutions, which in turn, will propel the market’s growth prospects.
The global I/O Modules in Process Industries market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on I/O Modules in Process Industries volume and value at global level, regional level and company level. From a global perspective, this report represents overall I/O Modules in Process Industries market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
ABB
Rockwell Automation
Siemens
Emerson Electric
...
Segment by Regions
North America
Europe
China
Japan
Segment by Type
Programmable Logic Controller (PLC) I/O
Distributed Control Systems (DCS) I/O
Industrial PC I/O
Segment by Application
Electric Power Generation
Cement & Glass
Food & Beverage
Mining
Metals
Oil & Gas
Others
Summary:
Get latest Market Research Reports on I/O Modules in Process Industries. Industry analysis & Market Report on I/O Modules in Process Industries is a syndicated market report, published as Global I/O Modules in Process Industries Market Research Report 2019. It is complete Research Study and Industry Analysis of I/O Modules in Process Industries market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.