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.
In 2019, the market size of I/O Modules in Process Industries is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for I/O Modules in Process Industries.
This report studies the global market size of I/O Modules in Process Industries, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the I/O Modules in Process Industries production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
ABB
Rockwell Automation
Siemens
Emerson Electric
...
Market Segment by Product Type
Programmable Logic Controller (PLC) I/O
Distributed Control Systems (DCS) I/O
Industrial PC I/O
Market Segment by Application
Electric Power Generation
Cement & Glass
Food & Beverage
Mining
Metals
Oil & Gas
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the I/O Modules in Process Industries status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key I/O Modules in Process Industries manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of I/O Modules in Process Industries are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
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 (United States, European Union and China) I/O Modules in Process Industries Market Research Report 2019-2025. 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.