Press release
Actuator Sensor Interface Market Size, Share, Segmentation, strategy and Trends by Forecast to 2023
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.
The Actuator Sensor Interface Market is growing rapidly over 4.8% of CAGR and is expected to reach at USD $~1,178.3 Million by the end of forecast period.
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Prominent Players in the Actuator Sensor Interface market
• 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)
Actuator Sensor Interface Market Segmentation
The Actuator Sensor Interface Market has been segmented on the basis of component, application, Industry, and region. The Actuator Sensor Interface market is highly centralized by owing to the presence of many small regional suppliers and large multinational vendors. The AS interface has wide range of applications across several industries such as oil and gas, automotive, and manufacturing. The key players are increasingly moving their manufacturing facilities in countries with economical labor particularly in Asia Pacific to reduce their overall cost. Cost effective and differentiated services are expected to be a critical success factor for the industry participants
Market Research Analysis:
On geographic basis, Actuator Sensor Interface market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the Actuator Sensor Interface market. Europe is to be estimated to be second largest market for Actuator Sensor Interface during the forecast period, this is due to the rise in research activities in the chemicals and the pharmaceuticals sectors is likely to boost this regional market during the forecast period. The Actuator Sensor Interface market accounted for over 20% of the global demand and is expected to grow at a considerable rate over the next six years in Asia Pacific regions. China is expected to be the largest CAGR to regional market revenue generation over the forecast period
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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
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