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Safety IO Modules Market is expected to register a CAGR of 5.72% during the forecast period, 2018-2023| Key Players - ABB LTD., BIHL+WIEDEMANN GMBH, SCHNEIDER ELECTRIC, ROCKWELL AUTOMATION INC., SIEMENS AG, ROCKWELL AUTOMATION INC., amongst others

01-11-2019 07:53 PM CET | Industry, Real Estate & Construction

Press release from: Market Prognosis

Market Analysis:

The IO module is a mediator between the controller and an external device. It monitors information exchange between peripheral devices. The importance of safety IO devices arose from the dire need for efficient and reliable infrastructure in the hazardous environments.

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The IO devices are being used in the industry for optimizing the automation process. These modules also decrease the installation time and expense, as they are an integral part of the IO control system, and hence, reduces the need for third-party relays and mapping equipment. The increasing demand for the safety IO modules is a direct consequence of the increase in number of hazardous areas. Rising frequency of accidents in these hazardous areas has led to the establishment of industrial regulatory standards, which drove the demand for safety infrastructure in the market, thereby, steering the market growth.

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Market Segments:
Safety IO Modules Market is segmented by:
1. Type: Analog Modules, Digital Modules, Others
2. Ratings: IP 20, IP 67, Others
3. End-user Application: Automotive, Manufacturing, Healthcare, Energy and Power, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market

• April 2017 - Murrelektronik launched Heavy-Duty All-purpose Connectors to ensure the reliable transmission of signals, power, data, and pneumatics, even in the toughest industrial environment
• January 2017 - ABB developed input/output (I/O) systems, which enable devices to be wired to the nearest cabinet, instead of being wired directly to the controller, leading a complex cabling design work

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

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Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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