Industrial I-O Modules Market: 32% of Growth to Originate from APAC, PLC I/O Segment to be Significant for Revenue Generation - Technavio

2022-09-03 23:35:47 By : Ms. Joy Bai-

NEW YORK , Sept. 1, 2022 /PRNewswire/ -- The "Industrial I-O Modules Market  - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The industrial I-O modules market share is expected to increase by USD 2.33 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.27%. 32% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the global industrial I-O modules market in APAC. Market growth in this region will be slower than the growth of the market in regions. The continued developments in power grid projects will facilitate the global industrial I-O modules market growth in APAC over the forecast period. For more highlights on the regional segment: Grab a FREE sample now!

Industrial I-O Modules Market - Segmentation Analysis

The report extensively covers industrial I-O modules market segmentations by-product (PLC I/O, DCS I/O, and industrial PC I/O), end-user (process industries and discrete industries), and geography (Europe , APAC, North America , MEA, and South America ).

Revenue Generating Segment - The industrial I-O modules market share growth by the PLC I/O segment will be significant during the forecast period. The PLC hardware, in general, consists of a CPU, a memory unit, and an I/O module. PLC uses digital and analog I/O modules to interface actuators, sensors, and other equipment. The input points in the I/O module convert electric signals from a controlled process into program input variables. The output points in the I/O module convert program output variables into commands to control field devices. Therefore, I/O modules act as an interface between the controlled process and the PLC. Such factors will increase the demand for the market in focus during the forecast period.

Grab a FREE sample report for additional insights into the contribution of all the segments

Industrial I-O Modules Market - Key Market Dynamics

Market Driver - The continued developments in power grid projects are one of the key factors driving the growth of the global industrial I-O modules market. Power grid projects have high scope for the adoption of industrial I/O modules in power generation, transmission, and distribution. Smart grids include grid applications such as I/O modules and related equipment, smart energy meters, IT, and other communication networks. These devices enable utilities with complete control and aid in managing digital assets present in the field. The key benefits of smart grids over traditional grids play a key role in fostering investments in smart grid projects.

Market Challenges - The growing demand for compact I/O modules is a major challenge for the global industrial I-O modules market growth. The prices of raw materials depend on factors such as availability, demand-supply gap, inflation, and production. The major raw materials used in the manufacture of I/O modules and related accessories consist of copper winding, electrical steel, and insulation materials that account for more than 50% of the total manufacturing costs. Out of these raw materials, copper windings and electrical steel account for more than 40% of the total cost of the I/O module.

To learn about additional key drivers, trends, and challenges - Request a FREE Sample Report right now! Industrial I-O Modules Market - Vendor Analysis

The industrial I-O modules market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete.

To gain access to more vendor profiles with their key offerings available with Technavio, Click Here

The competitive scenario provided in the Industrial I-O Modules Market Report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our Industrial I-O Modules Market Forecast Report -  Buy Now!

The submarine power cable market share is expected to increase by USD 1.05 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.5%.

The gas sensors market share is expected to increase by USD 646.63 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.87%.

Global Industrial I-O Modules Market Scope

Accelerate at a CAGR of 6.27%

Europe, APAC, North America, MEA, South America

US, China, Germany, Japan, and the UK

Leading companies, competitive strategies, consumer engagement scope

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.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Industrials Market Research Reports"

3.4 Market outlook: Forecast for 2020 - 2025

5.3 PLC I/O - Market size and forecast 2020-2025

5.4 DCS I/O - Market size and forecast 2020-2025

5.5 Industrial PC I/O - Market size and forecast 2020-2025

6.3 Process industries - Market size and forecast 2020-2025

6.4 Discrete industries - Market size and forecast 2020-2025

6.5 Market opportunity by End user

8.3 Europe - Market size and forecast 2020-2025

8.4 APAC - Market size and forecast 2020-2025

8.5 North America - Market size and forecast 2020-2025

8.6 MEA - Market size and forecast 2020-2025

8.7 South America - Market size and forecast 2020-2025

12.2 Currency conversion rates for US$

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:media@technavio.com Website: www.technavio.com/

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