Global Actuator Sensor Interface Market Market 2018 Size, Opportunities, Growth Analysis By Pepperl+Fuchs , ABB, Baumer Electric, Emerson Electric, Bihl+Wiedemann , IFM Electronic, Siemens, Valmet Corporation, Schneider Electric, Phoenix Contact

The Global Actuator Sensor Interface Market is expected to grow at USD 1,178.3 million by 2023, at 4.8% of CAGR during the forecast period of 2017 to 2023. AS-Interface proves to be cost-effective and smooth installation are some contributing factors towards the growth of the market in this region.

Global AS-Interface Market, By Component (AS-interface Slave, AS-interface Cable, AS-interface Gateway, AS-interface Power Supply), By Applications (Building Automation, Material Handling, Drive Control), By Industry (Automotive, Metal and Mining, Food & Beverages, Chemicals, Paper, Oil & Gas) - Forecast 2023

Request a Sample Report @ https://www.marketresearchfuture.com/sample_request/3820

Key Players:

The prominent players in the AS-Interface Market are –Pepperl+Fuchs GmbH (Germany), ABB Group (Switzerland), Baumer Electric AG (Switzerland), Emerson Electric Co. (U.S), Bihl+Wiedemann GmbH (Germany), IFM Electronic GmbH (Germany), Siemens AG (Germany), Valmet Corporation (Finland), Schneider Electric S E (France),Phoenix Contact GmbH & Co. Kg (Germany) among others.

Market Synopsis:

The study reveals that the Actuator Sensor Interface is trending in North America region. The global Actuator Sensor Interface market is expected to witness a high growth in the coming years. Moreover, Actuator Sensor Interface is optimized for connecting binary and analog sensors and actuators. The AS- interface cable is used for both for data exchange between the actuators and AS- interface master as well as for power supply to the actuators.

The study indicates that the Actuator Sensor Interface is simple and is cost-effective as well as it has simple installation with the penetration technique with high flexibility with tree-like wiring. While considering the segment, the packaged food industry includes dairy, confectionaries baked goods, and convenience food, all require regular manufacturing that uses AS-Interface. Whereas, AS-Interface cable, the processing flow are easy and smooth in conveying lines. The motors and controllers are connected with AS-Interface for the effective communication between the devices. This industry involves application such as material handling and drives control that propel the growth of the AS-Interface market.

Market Segmentation:

The demand for the Actuator Sensor Interface slave is estimated to increase owing to its various applications in process industries. It has a small size and easy integration within the sensor and actuator.

The AS-Interface is used in material handling that includes various activities such as loading and transporting the material from one location to another. These are used in AS-Interface in the airport for baggage handling. The AS-interface creates a network connecting to various systems in an optimum operating plant, to minimize wastage and valuable resources. This process includes activities such as processing of water, refining of the impurities, distribution, and storage of water and many others. There are various benefits of AS-Interface that help propel that market growth as well. It saves hardware by reducing I/O cards, wiring and cabinets, fast error localization, transmission in real-time, and quick installation.

The AS-Interface market is influenced by the rising demand in its end-use applications. Growing demand in industrial automation is another driver escalating the growth of the market. It enables effective controlling, monitoring, and execution of the manufacturing process. AS-Interface is utilized in automation applications, process control valves, conveyor control, electrical distribution systems, bottling plants, elevators, packaging machines, airport baggage carousels, and bottling lines. On the other hand, high cost of one-time tooling and restricted monitoring of the sensor function prove detrimental to the market. However, the market is bound to grow tremendously as AS-Interface is implemented in many sectors that enhances safety and productivity. For instance in food and beverage sector, it helps reduce installation costs, improves flexibility by connecting with PLCs, improves data flow by using AS-Interface cables attached to other devices and also provides constant power supply throughout all the system. Support from the government for the adoption of industrial automation in various industries also propels the market upward.

Regional Analysis:

The AS-Interface market is extensively segmented into Asia Pacific, North America, Europe and Rest of the World. North America region accounts for the largest market share of close to 40%, thus is currently leading the global AS interface market. The key companies active in this region are ABB Group (Switzerland), Emerson Electric Co. (U.S), Pepperl+Fuchs GmbH (Germany), and many more.

On the other hand, the Europe market, owing to major AS-Interface manufacturing companies is projected to grow further in the foreseeable years. Market Research Future (MRFR) estimates that Asia Pacific will emerge as the fastest growing region. South Korea is mainly driven by the increasing AS-interface applications in automobiles, shipbuilding, and mining. AS-Interface proves to be cost-effective and smooth installation are some contributing factors towards the growth of the market in this region.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/actuator-sensor-interface-market-3820

Competitive Analysis:

The prominent players in the AS-Interface Market are ABB Group (Switzerland), Baumer Electric AG (Switzerland), Pepperl+Fuchs GmbH (Germany), Emerson Electric Co. (U.S), and many more.

Emerson Electric Company recently announced the release of Copeland Scroll ZF54K5 compressor which will help facility operators reduce costs and also boost energy efficiency. This move will further strengthen the global position of Emerson in the market and will benefit from global infrastructure growth. The company already holds a dominant position in the market related to energy efficiency and infrastructure spending.

ABB Group, Switzerland has solidified its presence in Chongqing and support the development of the robotics industry in China, by setting up a new robotics application center in Chongqing Liangjiang New Area. This move aims to integrate resources in Southwest China by providing robots, application, system integration and related customer service.

Regional Analysis

The AS-Interface market is extensively segmented into Asia Pacific, North America, Europe and Rest of the World. North America region accounts for the largest market share of close to 40%, thus is currently leading the global AS interface market. The key companies active in this region are ABB Group (Switzerland), Emerson Electric Co. (U.S), Pepperl+Fuchs GmbH (Germany), and many more.

On the other hand, the Europe market, owing to major AS-Interface manufacturing companies is projected to grow further in the foreseeable years. Market Research Future (MRFR) estimates that Asia Pacific will emerge as the fastest growing region. South Korea is mainly driven by the increasing AS-interface applications in automobiles, shipbuilding, and mining. AS-Interface proves to be cost-effective and smooth installation are some contributing factors towards the growth of the market in this region.

Browse Report PR @ https://www.marketresearchfuture.com/press-release/as-interface-market

Intended Audience:

Raw material providers
Automation consultants
Automation instrument distributors and developers
Automation solution developers
Industrial automation solution companies
Process and discrete industries
Research organizations and consulting companies
AS-Interface manufacturers
Component suppliers
Semiconductor product designers and fabricators
Research institutes and organizations
Technology standards organizations
Technology investors
Research institutes,
System Integrators
Research/Consultancy firms

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.