Global AS-Interface Market 2019 Analysis followed by Top Dominating Companies like Bihl+Wiedemann GmbH, Baumer Electric AG, Pepperl+Fuchs GmbH, Siemens AG, Valmet Corporation, ABB Ltd., Emerson Electric Co., IFM Electronic GmbH, Phoenix Contact GmbH & Co.
Global AS-interface market is valued projected to rise to USD 1409.81 million by 2026, undergoing with a substantial CAGR of 5.00% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising opportunities in various industries for automation application in the industry.
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Global AS-interface market market report makes available the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios. The report estimates 2019-2026 market development trends for industry. By synchronizing with project managers, the team provide the clients on every strategic aspect including product development, key areas of development, application modelling, use of technologies, the acquisition strategies, exploring niche growth opportunities and new markets. Lastly, the report makes some important proposals for a new project of Global AS-interface market market before evaluating its feasibility.
Global AS-Interface Market By Components Type (AS-I Gateway/Master, AS-I Slaves, AS-Interface Power Supply, AS-I Cables), Application (Material Handling, Drive Control, Building Automation, others), End-User (Food & Beverages, Chemicals, Paper, Oil & Gas, Water and Wastewater Treatment, Others) Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Competitive Analysis: Global AS-Interface Market
Global AS-Interface market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of AS-Interface market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global AS-Interface Market
Few of the major competitors currently working in the global AS-Interface market are Bihl+Wiedemann GmbH, Baumer, Pepperl+Fuchs, Siemens, Valmet, ABB , Emerson Electric Co, ifm electronic gmbh, PHOENIX CONTACT, Schneider Electric, NEXANS, Leoni Special Cables GmbH among others.
Increasing automation processes is driving the market
Easy and fast installation process is another factor driving market
Increasing adoption of safety at work of AS-Interface
Fluctuation in the price of oil& gas is restraining the market growth.
Lack of awareness regarding benefits of as-interface system is another factor restraining market.
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Key Developments in the Market:
In February 2019, Pepperl+Fuchs announced the acquisition of Comtrol Corporation Company which is leading industrial Ethernet communication. Through this acquisition Pepperl+Fuchs want to expand portfolio of Sensorik4.0 sensor solutions and interface technologies that includes AS-Interface. This will benefit Pepperl+Fuchs as they will be effective customer service. Such expansion in the AS-Interface industry leads to its expansion in nearby future
In October 2018, Emerson announced the acquisition of Intelligent Platforms so that they can expand their machine control and discrete applications. This will benefit Emerson in becoming stronger player in the automation space and serving more efficiently. This transaction will lead to globally expansion of AS-Interface industry in forecasting future.
Key Insights in the report:
Competitive analysis of key competitors involved in the market
Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
Market drivers and restraints analysis along with the analysis of the market structure
Data Bridge Market Research
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