Press release
Data Acquisition Hardware Market to Receive overwhelming hike in Revenues by 2027
Data Acquisition Hardware is used to gather data from sensors deployed at varied end-points in a connected industrial system. Data Acquisition Hardware also plays a role in the analysis and transmission of data from a central control and monitoring system. Data Acquisition Hardware devices are used to measure a wide range of parameters such as Temperature, Sound & Vibration, Current, Voltage among others.
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Data Acquisition Hardware Market: Drivers & Challenges
Industrial IoT is being adopted at a rapid pace in industries of all size and verticals. These connected Industrial systems are highly dependent on data inputs and their coverage. Enterprises adopting Industrial IoT are using Data Acquisition Hardware at multiple end points. The need of connecting disjoint sensors spread across the industry is driving the market. While, the industries are adopting Industrial IoT to streamline their workflow, small enterprises are also being selective in their deployments due to the cost involved in IoT deployments. Data Acquisition hardware are also contributing to a major part of the cost in IoT deployments. This is one of the major factor impeding the growth of Data Acquisition Hardware market.
Data Acquisition Hardware Market: Segmentation
Segmentation of Data Acquisition Hardware Market, By Component
PLC (Programmable Logic Controllers):
Data Acquisition Hardware with built-in PLC tend to reduce complexities process of data collection and analysis by localizing some functions of the process via a embedded complier capable of basic programming.
Remote Terminal Unit (RTU):
A Remote Terminal Unit is a device collects data from its connected devices and transmits it to the central processing system and also takes commands from the central systems to the end sesnsors.
Human Machine Interface (HMI):
A Human Machine interface is a system that gives a user a full control of the system right from the Hardware itself. The system integrates an in-built user interface for the convenience of the user.
Data Acquisition Hardware Market: Regional Overview
Asia Pacific is expected to lead the Data Acquisition Hardware market in terms of market share followed by North America and Western Europe. The growth of Data Acquisition Hardware market in Asia Pacific will be fuelled by the high adoption of Industrial IoT.
Data Acquisition Hardware Market: Competitive Landscape
Key Contracts/Agreement/Acquisitions
In September 2017, National Instruments a leading provider of Data Acquisition Hardware, partnered with Innovari, a provider of Interactive Energy platforms to energy grid. The partnership was aimed at helping utility companies around the world in improving system utilization, manage distributed energy resources.
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Key Players
The major players in Data Acquisition Hardware market include National Instruments, Spectris PLC, Dycor Technologies Inc., ABB Ltd, Honeywell International, Inc., Siemens AG, Schneider Electric SA, Dewetron GmbH, Pacific Instruments, Inc., and Ametek Inc.
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