Press release
I/O Modules in Process Industries Market Insights, Forecast to 2025
The main objective of this report is to define, describe, and forecast the global “ I/O Modules in Process Industries” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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This report presents the worldwide I/O Modules in Process Industries market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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 deployingsmart gridsat 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 forI/O modulesand 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 modulesare 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 byoil and gascompanies such as Statoil, Shell, and BP, will increase the implementation of automation solutions, which in turn, will propel the markets growth prospects.
The I/O Modules in Process Industries market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for I/O Modules in Process Industries.
The following manufacturers are covered in this report:
ABB
Rockwell Automation
Siemens
Emerson Electric
I/O Modules in Process Industries Breakdown Data by Type
Programmable Logic Controller (PLC) I/O
Distributed Control Systems (DCS) I/O
Industrial PC I/O
I/O Modules in Process Industries Breakdown Data by Application
Electric Power Generation
Cement & Glass
Food & Beverage
Mining
Metals
Oil & Gas
Others
I/O Modules in Process Industries Production by Region
United States
Europe
China
Japan
Other Regions
Other Regions
I/O Modules in Process Industries Consumption by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Russia
Rest of Europe
Central & South America
Brazil
Rest of South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
Rest of Middle East & Africa
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The study objectives are:
To analyze and research the global I/O Modules in Process Industries status and future forecastinvolving, production, revenue, consumption, historical and forecast.
To present the key I/O Modules in Process Industries manufacturers, production, revenue, market share, and recent development.
To split the breakdown data by regions, type, manufacturers 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 :
History Year: 2013 - 2017
Base Year: 2017
Estimated Year: 2018
Forecast Year: 2018 - 2025
This report includes the estimation of market size for value (million USD) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of I/O Modules in Process Industries market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
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