Global Protocol Converters Market Growth 2025-2031

The global Protocol Converters market size is predicted to grow from US$ 246 million in 2025 to US$ 351 million in 2031; it is expected to grow at a CAGR of 6.1% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Protocol Converters Industry Forecast” looks at past sales and reviews total world Protocol Converters sales in 2024, providing a comprehensive analysis by region and market sector of projected Protocol Converters sales for 2025 through 2031. With Protocol Converters sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Protocol Converters industry.

This Insight Report provides a comprehensive analysis of the global Protocol Converters landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Protocol Converters portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Protocol Converters market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Protocol Converters and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Protocol Converters.

This report presents a comprehensive overview, market shares, and growth opportunities of Protocol Converters market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
RS-232/485/CAN Converter
E1/Ethernet Protocol Converter

Segmentation by Application:
Utilities
Industrial Automation

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Protocol Converters market?

What factors are driving Protocol Converters market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Protocol Converters market opportunities vary by end market size?

How does Protocol Converters break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.