Global Industrial I/O Modules Market 2020-2024
Technavio has been monitoring the industrial i/o modules market and it is poised to grow by $ 1.79 bn during 2020-2024 progressing at a CAGR of 5% during the forecast period. Our reports on industrial i/o modules market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the developments in power grid projects, adaptation of distributed I/O systems and growing demand for compact I/O modules. In addition, developments in power grid projects is anticipated to boost the growth of the market as well.
The industrial i/o modules market analysis includes product segment, end-user segment and geographical landscapes
Technavio's industrial i/o modules market is segmented as below:
- PLC I/O
- DCS I/O
- Industrial PC I/O
- Process industries
- Discrete industries
By Geographical Landscapes
- North America
- South America
This study identifies emerging fuzzy logic modules in programmable controllers as one of the prime reasons driving the industrial i/o modules market growth during the next few years. Also, continued development of smart factories and adoption of wireless I/O modules gaining prominence will lead to sizable demand in the market.
"Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our industrial i/o modules market covers the following areas:
- Industrial i/o modules market sizing
- Industrial i/o modules market forecast
- Industrial i/o modules market industry analysis"
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial i/o modules market vendors that include ABB Ltd., Emerson Electric Co., General Electric Co., Mitsubishi Corp., Moxa Inc., OMRON Corp., Pepperl+Fuchs AG, Rockwell Automation Inc., Siemens AG, and TE Connectivity Ltd.. Also, the industrial i/o modules market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.