Industrial Data Acquisitions Systems Market Growing Technology, Demand and Emerging Trends Analysis By 2026 | Top Manufacturers- Keysight Technologies, AMETEK, Yokogawa, ABB, Spectris, ADLINK Technology, Acromag and more.

The Industrial Data Acquisitions Systems market is expected to grow from USD 36.4 billion in 2018 to USD 58.2 billion by 2026, at a CAGR of 5.84% during the forecast period. Introduction and investments on high potential renewable energy sources, infrastructures, and industrial automating processes, rising adoption of PC-based DAQ systems instead of traditional data acquisition systems, increasing need for flexible, cost effective and time saving DAQ systems, availability of customizations based on software required for the end users and adverse adoption of IoT are some of the driving factors of the market.

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Key players with in Industrial Data Acquisitions Systems market are Keysight Technologies, AMETEK, Yokogawa, ABB, Spectris, ADLINK Technology, Acromag, Alstom, Bruel & Kjaer, Advantech, Campbell Scientific, DEWETRON, DynamicSignals, Data Translation, Fluke, General Electric, Emerson Electric, HIOKI, MathWorks, and Honeywell, among others.

Data security concerns, interfacing and signal conditioning complexities and software compatibility issues may restrain the growth of the Industrial Data Acquisitions Systems market.

For the purpose of this report, the market has been segmented on the basis of type, applications, and regional analysis.

Industrial Data Acquisitions Systems Market by type (Revenue, USD Billion; 2018-2026)
o External chassis and modules
o Plug-in analog I/O boards
o Software

Industrial Data Acquisitions Systems Market by applications (Revenue, USD Billion; 2018-2026)
o Power industry
o Oil and gas industry
o Water and wastewater industry
o Chemical industry

Regional Outlook (Revenue in USD Million; 2016-2026)
o North America (United States, Canada and Mexico)
o Europe (Germany, France, UK, Russia and Italy)
o Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
o South America (Brazil, Argentina, Colombia)

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Further key findings from the report suggest
o The Industrial Data Acquisitions Systems market is segmented by type into external chassis and modules, plug-in analog I/O boards and software. The market for external chassis and modules is expected to witness highest growth of approx. CAGR of 6.43% during the forecast period, these data acquisition system are equipped with flexible software and allow analogue-to-digital converter and efficient signal conditioning, providing higher accuracy, safety and provides removal of noise.
o The Industrial Data Acquisitions Systems market is segmented by application into power industry, oil and gas industry, water and wastewater industry and chemical industry. The market for chemical industries is expected to witness highest growth of CAGR 7.27% during the forecast period, since DAQ systems are used for the solution of a range of chemical engineering tasks, like simulation and control, process and product design, multi-scale modelling, and advanced data analysis techniques
o The Industrial Data Acquisitions Systems Market is segmented by Geography into North, America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to have the highest market share in the market, with a CAGR of 6.27% in the forecast year, due to adoption of DAQ systems for electrical and automotive industries in this region.

Reasons to buy this market intelligence report:
1. Detailed market evaluation both at regional and global levels.
2. Significant changes in market scenario, along with an extensive competitive analysis
3. Classification of the industry based on product type, application, and region
4. Market segments segregated on the basis of type, application, and geography
5. Comprehensive analysis of the historical data and contemporary market scenario to infer industry size, volume, share, growth, and sales
6. Investigation of significant developments in the market dynamics
7. Market segments and regions

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