Global Protocol Converters Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Protocol Converters market size was valued at US$ 249 million in 2024 and is forecast to a readjusted size of USD 361 million by 2031 with a CAGR of 5.8% during review period.
A protocol converter is a device or software solution that enables communication between systems using different communication protocols. It translates data from one protocol to another, ensuring seamless interoperability between devices in industrial automation, power systems, building management, and telecommunications. For example, in a smart grid, a protocol converter can bridge communication between IEC 61850-based substations and legacy Modbus-based energy meters. Similarly, in industrial automation, it allows PLCs using PROFIBUS to interact with EtherNet/IP-based controllers. Protocol converters support various serial, fieldbus, and network protocols, playing a crucial role in integrating diverse systems, extending equipment lifespan, and enhancing overall operational efficiency.
The global protocol converters market is growing steadily, driven by the increasing need for interoperability in industrial automation, power systems, and building management.
Industrial automation, power and energy, and building automation are the three primary application areas. In industrial automation, protocol converters bridge communication gaps between PLCs, SCADA systems, and IIoT devices, ensuring smooth data flow across different platforms. The power and energy sector relies on protocol converters to integrate smart grids, renewable energy systems, and substation automation, supporting the shift toward more sustainable and digitalized energy infrastructures. Meanwhile, in building automation, these devices facilitate connectivity between HVAC, access control, and security systems, driving efficiency in smart buildings.
Regionally, the Americas lead with a 34% market share, followed by Asia-Pacific (APAC) at 30%, reflecting strong industrial and infrastructure development. The Americas benefit from early adoption of Industry 4.0, smart grids, and stringent regulatory standards, ensuring steady demand. APAC is rapidly catching up, driven by manufacturing expansion, infrastructure investments, and urbanization in China, India, and Southeast Asia. Europe also sees strong adoption, particularly in energy-efficient buildings and industrial digitalization projects. As demand increases, companies are focusing on developing more advanced, AI-integrated, and cloud-compatible protocol converters to enhance connectivity across industries.
The future of the protocol converters market will be shaped by the rise of IIoT, expansion of smart grids, and growing cybersecurity concerns. Innovations in edge computing, AI-driven automation, and cloud-based industrial applications will drive market evolution. Additionally, APAC’s influence is expected to grow, with government initiatives fueling smart manufacturing and renewable energy projects. As industries continue their digital transformation, protocol converters will remain essential for seamless communication, increased efficiency, and enhanced security in an increasingly interconnected world.
This report is a detailed and comprehensive analysis for global Protocol Converters market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Protocol Converters market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Protocol Converters market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Protocol Converters market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Protocol Converters market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Protocol Converters
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Protocol Converters market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Monico, Inc., Phoenix Contact, Advantech, Red Lion Controls, Toshiba, Deutschmann Automation, Sopto, Westermo, ICP DAS, Odot Automation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Protocol Converters market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
RS-232/485/CAN Converter
E1/Ethernet Protocol Converter
Market segment by Application
Utilities
Industrial Automation
Major players covered
Monico, Inc.
Phoenix Contact
Advantech
Red Lion Controls
Toshiba
Deutschmann Automation
Sopto
Westermo
ICP DAS
Odot Automation
RLE Technologies
3onedata Co.，Ltd
OMRON
GIC India
Axis Solutions
Samyak Instrumentation
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Protocol Converters product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Protocol Converters, with price, sales quantity, revenue, and global market share of Protocol Converters from 2020 to 2025.
Chapter 3, the Protocol Converters competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Protocol Converters breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Protocol Converters market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Protocol Converters.
Chapter 14 and 15, to describe Protocol Converters sales channel, distributors, customers, research findings and conclusion.
A protocol converter is a device or software solution that enables communication between systems using different communication protocols. It translates data from one protocol to another, ensuring seamless interoperability between devices in industrial automation, power systems, building management, and telecommunications. For example, in a smart grid, a protocol converter can bridge communication between IEC 61850-based substations and legacy Modbus-based energy meters. Similarly, in industrial automation, it allows PLCs using PROFIBUS to interact with EtherNet/IP-based controllers. Protocol converters support various serial, fieldbus, and network protocols, playing a crucial role in integrating diverse systems, extending equipment lifespan, and enhancing overall operational efficiency.
The global protocol converters market is growing steadily, driven by the increasing need for interoperability in industrial automation, power systems, and building management.
Industrial automation, power and energy, and building automation are the three primary application areas. In industrial automation, protocol converters bridge communication gaps between PLCs, SCADA systems, and IIoT devices, ensuring smooth data flow across different platforms. The power and energy sector relies on protocol converters to integrate smart grids, renewable energy systems, and substation automation, supporting the shift toward more sustainable and digitalized energy infrastructures. Meanwhile, in building automation, these devices facilitate connectivity between HVAC, access control, and security systems, driving efficiency in smart buildings.
Regionally, the Americas lead with a 34% market share, followed by Asia-Pacific (APAC) at 30%, reflecting strong industrial and infrastructure development. The Americas benefit from early adoption of Industry 4.0, smart grids, and stringent regulatory standards, ensuring steady demand. APAC is rapidly catching up, driven by manufacturing expansion, infrastructure investments, and urbanization in China, India, and Southeast Asia. Europe also sees strong adoption, particularly in energy-efficient buildings and industrial digitalization projects. As demand increases, companies are focusing on developing more advanced, AI-integrated, and cloud-compatible protocol converters to enhance connectivity across industries.
The future of the protocol converters market will be shaped by the rise of IIoT, expansion of smart grids, and growing cybersecurity concerns. Innovations in edge computing, AI-driven automation, and cloud-based industrial applications will drive market evolution. Additionally, APAC’s influence is expected to grow, with government initiatives fueling smart manufacturing and renewable energy projects. As industries continue their digital transformation, protocol converters will remain essential for seamless communication, increased efficiency, and enhanced security in an increasingly interconnected world.
This report is a detailed and comprehensive analysis for global Protocol Converters market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Protocol Converters market size and forecasts, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Protocol Converters market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Protocol Converters market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Units), and average selling prices (USD/Unit), 2020-2031
Global Protocol Converters market shares of main players, shipments in revenue ($ Million), sales quantity (K Units), and ASP (USD/Unit), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Protocol Converters
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Protocol Converters market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Monico, Inc., Phoenix Contact, Advantech, Red Lion Controls, Toshiba, Deutschmann Automation, Sopto, Westermo, ICP DAS, Odot Automation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Protocol Converters market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
RS-232/485/CAN Converter
E1/Ethernet Protocol Converter
Market segment by Application
Utilities
Industrial Automation
Major players covered
Monico, Inc.
Phoenix Contact
Advantech
Red Lion Controls
Toshiba
Deutschmann Automation
Sopto
Westermo
ICP DAS
Odot Automation
RLE Technologies
3onedata Co.，Ltd
OMRON
GIC India
Axis Solutions
Samyak Instrumentation
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Protocol Converters product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Protocol Converters, with price, sales quantity, revenue, and global market share of Protocol Converters from 2020 to 2025.
Chapter 3, the Protocol Converters competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Protocol Converters breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Protocol Converters market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Protocol Converters.
Chapter 14 and 15, to describe Protocol Converters sales channel, distributors, customers, research findings and conclusion.
Table of Contents
126 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Protocol Converters by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
