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Global Industrial Wireless Market in Process Industries 2017-2021

Global Industrial Wireless Market in Process Industries 2017-2021

About Industrial Wireless

Wireless solution is a set of systems, devices, and services implemented in an industrial facility to guarantee a continuous and consistent coverage and flow of operational data. In wireless technology, electromagnetic waves are deployed to transmit information in the form of signals using a communication channel. Industrial communication protocols like Ethernet, Fieldbus, and wireless technologies are widely deployed by both process and discrete industries to connect their sub-processes, systems, equipment, and automated technologies, and generate a seamless flow of operational data.

Technavio’s analysts forecast the global industrial wireless market in process industries to grow at a CAGR of 7.10% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global industrial wireless market in process industries for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Industrial Wireless Market in Process Industries 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Belden
  • Cisco
  • Eaton
  • Rockwell Automation
  • Siemens
Other prominent vendors
  • ABB
  • Aruba (Part of HP)
  • Beckhoff Automation
  • Honeywell Process Solutions
  • Huawei
  • Schneider Electric
  • Yokogawa
Market driver
  • Reduction in installation and retrofit costs.
  • For a full, detailed list, view our report
Market challenge
  • Growing security concerns.
  • For a full, detailed list, view our report
Market trend
  • Adoption of wearable devices in process industries.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Industrial Wireless Market in Process Industries 2017-2021

Technavio recognizes the following companies as the key players in the global industrial wireless market in process industries: Belden, Cisco, Eaton, Rockwell Automation, and Siemens.

Other Prominent Vendors in the market are: ABB, Aruba (Part of HP), Beckhoff Automation, Honeywell Process Solutions, Huawei, Schneider Electric, and Yokogawa.

Commenting on the report, an analyst from Technavio’s team said: “One trend in market is adoption of wearable devices in process industries. The growing trend of wearable devices has made a major impact in the global industrial wireless market in process industries. The penetration of wearable devices in the industry is increasing due to the numerous benefits that they offer. The major advantage of wearable devices is that the industries can minimize process timeline and achieve operational efficiency.”

According to the report, one driver in market is reduction in installation and retrofit costs. A wireless system involves a significantly lower installation and retrofit costs when compared with a wired system. For example, a wired cable system deployed in an industry expanding 50-70 feet in conduits can amount to $1,500, whereas a similar wireless system amounts to a few hundred dollars depending on factors such as vendor involved, applications required, and the range of connectivity. In the case of repair and reconfiguration requirements, wired systems involve installation of new cables and associated labor, and trenching and hardware needs. In contrast to these expenses involved in a wired system, a wireless system can be easily scaled up according to the requirements of an industry without the addition of any new hardware. Wired networks can also prove to be high cost entailing set-ups in cases where connections are spread across a wide area through cables and conduits.

Further, the report states that one challenges in market is high switching costs. Higher switching cost is one of the major factors that negatively affects the adoption of a wireless network within the process industries. Many cost-driven enterprises find it difficult to transform from their traditional wired networks to a wireless system because of the high switching costs. The switching cost of these automation systems is higher than that of a conventional system. However, effective utilization of wireless networks requires proper installation in the industry, which can result in a potential loss for businesses if not carried out properly. In addition, procurement cost of wireless hardware products is higher than that in wired networks, which is ultimately passed on to the end-user in the form of implementation or commissioning charges. Overlooking the long-term cost benefits, several process industries restrict their vision on the short-term expenses and therefore refrain from the adoption of wireless technologies.

Companies Mentioned

Belden, Cisco, Eaton, Rockwell Automation, Siemens, ABB, Aruba (Part of HP), Beckhoff Automation, Honeywell Process Solutions, Huawei, Schneider Electric, and Yokogawa.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Advantages of wireless solutions
      • Table Wired versus wireless technology solutions
  • Market landscape
    • Market overview
      • Table Value chain in global industrial wireless market in process industries
      • Table Key stakeholders in the value chain
    • Market size and forecast
      • Table Global industrial wireless market in process industries 2016-2021 ($ millions)
    • Five forces analysis
      • Table Five forces analysis
  • Market Segmentation by technology
    • Global industrial wireless market in process industries by technology
      • Table Global industrial wireless market in process industries by technology 2016 and 2021 (% revenue share)
      • Table Incremental revenue growth contribution by individual technology (% share)
    • Global WLAN market in process industries
      • Table Global WLAN market in process industries 2016-2021 ($ millions)
      • Table Benefits offered by WLAN in process industries
    • Global WirelessHART market in process industries
      • Table Global WirelessHART market in process industries 2016-2021 ($ millions)
      • Table Aspects of WirelessHART network
      • Table Benefits of WirelessHART
    • Global WiMAX market in process industries
      • Table Global WiMAX market in process industries 2016-2021 ($ millions)
      • Table WiMAX versus WLAN technology
    • Global others market in process industries
      • Table Global others market in process industries 2016-2021 ($ millions)
  • Market Segmentation by end-user
    • Global industrial wireless market in process industries by end-user
      • Table Adoption rate of wireless technology among end-users
      • Table Global industrial wireless market in process industries by end-users 2016 and 2021 (% revenue
      • Table Incremental revenue growth contribution by end-users (% share)
    • Global industrial wireless market in oil and gas, and petrochemical industry
      • Table Global industrial wireless market in oil and gas, and petrochemical industries 2016-2021 ($
      • Table Applications of wireless technology in oil and gas, and petrochemical industry
      • Table Trends in industrial wireless solutions for oil and gas, and petrochemical industry
    • Global industrial wireless market in power industry
      • Table Global industrial wireless market in power industry 2016-2021 ($ millions)
      • Table Application areas of wireless technology in power industry
    • Global industrial wireless market in water and wastewater industry
      • Table Global industrial wireless market in water and wastewater industry 2016-2021 ($ millions)
      • Table Application of wireless technology in water and wastewater industry
    • Global industrial wireless market in others
      • Table Global industrial wireless market in others 2016-2021 ($ millions)
  • Geographical segmentation
    • Global industrial wireless market in process industries by geography
      • Table Global industrial wireless market in process industries by geography 2016 and 2021 (% revenue
      • Table Incremental growth contribution by geography (% share)
    • Industrial wireless market in process industries in EMEA
      • Table Industrial wireless market in process industries in EMEA 2016-2021 ($ millions)
      • Table Investments in Europe's power industry
      • Table Key investments in power industry in MEA
      • Table Key investments in EMEA pharmaceutical industry
    • Industrial wireless market in process industries in APAC
      • Table Industrial wireless market in process industries in APAC 2016-2021 ($ millions)
      • Table Key projects in oil and gas, and petrochemical industry in APAC
      • Table Key power projects in APAC
    • Industrial wireless market in process industries in Americas
      • Table Industrial wireless market in process industries in Americas 2016-2021 ($ millions)
      • Table Key investments in oil and gas, and petrochemical industry
      • Table Key power projects in Brazil and Mexico
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Compatibility of Bluetooth 5 and IoT
    • Adoption of wearable devices in process industries
    • Evolution of cloud-based technologies
  • Vendor landscape
    • Competition review
      • Table Other prominent vendors
    • Key vendor analysis
      • Belden
        • Table Belden: Brands owned
        • Table Belden: Product portfolio
    • Cisco
      • Table Cisco: Product portfolio
    • Eaton
      • Table Eaton's business verticals
      • Table Eaton: Product portfolio
    • Rockwell Automation
      • Table Rockwell Automation: Product portfolio
    • Siemens
      • Table Siemens: Product portfolio
    • Key takeaways
  • Appendix
    • List of abbreviations
  • Explore Technavio

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