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Home ➤ Semiconductor and Electronics ➤ Electronics System and Components ➤ Industrial I/O Modules Market
Industrial I/O Modules Market
Industrial I/O Modules Market
Published date: Dec 2024 • Formats:
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  • Home ➤ Electronics System and Components ➤

    Industrial I/O Modules Market

Global Industrial IO Modules Market By Product (Programmable Logic Controller I/O (PLC I/O), Distributed Control System I/O (DCS I/O), and Industrial PC I/O), By End-user (Process Industry, and Discrete Industry), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2023-2032

  • Published date: Dec 2024
  • Report ID: 64344
  • Number of Pages: 201
  • Format:
  • Overview
  • Table of Contents
  • Major Market Players
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    • Report Overview
    • Global Industrial I/O modules Market Scope:
    • Key Market Segments:
    • Market Dynamics:
    • Regional Analysis
    • Key Regions and Countries Covered in the Report:
    • Market Share & Key Players Analysis:
    • Market Key Major Players:
    • Recent Development

    Report Overview

    “The Industrial I/O Modules Market size is expected to be worth around USD 3104.87 million by 2032 from USD 1,766.8 million in 2022, growing at a CAGR of 5.8% during the forecast period 2023 to 2032.”

    In APAC, Japan and China are the important markets for the global industrial I/O modules market. Market development in this region will be gentler than the market growth in regions. The constant developments in power grid projects will simplify APAC’s global industrial I/O modules market forecast over the development period during 2023-2032.

    Industrial I/O modules are connected with field devices, including drives, actuators, and peripheral devices with centralized controllers, including a digital module, fuzzy logic modules, distributed control systems (DCS), sensors with controllers, industrial PC, programmable logic controllers (PLC), and other numerous controllers. The I/O modules change field signals into info and forward it to the supervisor. Moreover, the arrival of undefined logic modules in programmable controllers is another feature that drives the development of the industrial I/O modules market forecast period with future trends.

    industrial-io-modules-market-graph

    Global Industrial I/O modules Market Scope:

    Product Analysis

    By product, the market for industrial I/O modules is segmented into DCS I/O (distributed control system I/O), PLC I/O (programmable logic controller I/O), and industrial PC IO. The PLC I/O segment accounted for major companies and Industrial I/O modules market share in 2022 and is anticipated to retain its principal position in the market in 2023-2032. Due to the increasing industrial production standard and connectivity on I/O modules and the growing level of embedded processing.

    End-User Analysis

    By end-user process industry, the market segmentation can be bifurcated into the automation process from manual labor to robotic machinery with discrete industries. They are an essential part of DCSs (distributed control systems) in the process industry. It is used with regulatory standards in every main application of process manufacturing capabilities.

    The latest DCS systems have progressed with advanced technologies, integration of technology helps miniaturization of devices and more DCS operators are considering upgrading and updating their industrial automation systems to improve their performance such as faster start-up machine time. Discrete input modules obtain signs from input field device levels, including switches, pushbuttons, and sensors with two states: on/off and open/closed. Discrete output port modules send control signs to external devices, including interposing, indicator lamps, and contractors.

    Key Market Segments:

    By Product

    • Programmable Logic Controller I/O (PLC I/O)
    • Distributed Control System I/O (DCS I/O)
    • Industrial PC I/O

    By End-User

    • Process Industry
    • Discrete Industry

    Market Dynamics:

    Drivers

    The continuous technological growth in projects related to the power grid is one of the main features driving the development of the global industrial I-O modules market. These projects have more scope for acceptance in transmission, distribution, and power generation. Smart grids contain grid applications, including reliable I/O modules with reliable infrastructure, and their related gear, IT, smart energy meters, and other communication nets.

    These safety systems give utilities to aid and control the handling of digital assets in the field. The key trends and advantages of smart grids compared to traditional grids play an essential role in fostering reserves in terms of innovation grid projects. Fastest-growing market expansions in power grid projects worldwide have encouraged the development of the market.

    The important growth of power grid projects is anticipated to inspire acceptance in power distribution, transmission, and generation.

    Challenges

    High installation time and automation costs, united with scalability issues related to the application, market restraints growth. Furthermore, installation costs are high, and scalability restrictions associated with applying limit the largest market growth. They are not suitable for ultrahigh-volume operations. The mechanisms that have been pre-assembled and that cannot be modified/dismantled.

    Subsequently, the number of possible product configurations is limited when the cost concern is to be inspected for economizing. Parameters, including image set-up, are unchangeable. The number of visual configurations is also restricted overall; it creates a problem for the numerous industries in varying their scalability needs per the growing demands. Usually, the number of variations of fields of vision is restricted to six-eight.

    COVID-19 Impact on Safety I/O Modules Market

    The covid-19 outbreak posed significant challenges across verticals worldwide. It impacted the growth of the safety Industrial I/O modules market share negatively as the imposition of a complete lockdown and restrictions on trade affected the product supply and demand for a short study period.

    Regional Analysis

    In 2022, Europe accounted for the most prominent market share, with 32.5% in the industrial I/O modules market forecast growth. This region is accredited to the growing implementation of industrial values across the continent, increasing acceptance of progressive technologies in industries contributing to the 4th industrial revolution, the growth of power grid projects in the region, and so on.

    Moreover, the rising use of suitable quality safety is motorized, government commands to market for safety parameters and laws in several industries, and increasing importance towards lowering production and automation equipment costs and refining productivity are some of the main key factors accelerating the demand for safety infrastructure Industrial I/O Modules market forecast in the specific region.

    The Industrial supply chain module converts the serious program and processes required to get consumer products manufactured, on shelves, shipped, and into customers’ hands. The thoroughly combined inside Workspace suite enables clients to accomplish product lifecycles to factory output, from concept, encompassing product development, design, testing, manufacturing infrastructure, ordering, and global supply to retail associates.

    global-industrial-io-modules-regional

    Key Regions and Countries Covered in the Report:

    • North America
      • The US
      • Canada
      • Mexico
    • Europe
      • Germany
      • The UK
      • France
      • Italy
      • Russia
      • Spain
      • Rest of Europe
    • APAC
      • China
      • Japan
      • South Korea
      • India
      • Rest of Asia-Pacific
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • MEA
      • GCC
      • South Africa
      • Israel
      • Rest of MEA

    Market Share & Key Players Analysis:

    Numerous enthusiast market players occupy a noticeable market share. These vendors emphasize progressive technologies to offer an extensive product collection to meet End-User Process Industry, and varying needs, creating a competitive environment in the industrial I/O modules market share opportunities. Key manufacturers operating in the global market are:

    global-industrial-io-modules-company

    Market Key Major Players:

    • NVIDIA Corporation
    • General Electric Company
    • Emerson Electric Co.
    • Mitsubishi Electric Corporation
    • OMRON Corporation
    • Moxa Inc.
    • Lumberg Automation
    • Advantech Co. Ltd.
    • ABB Ltd.
    • TE Connectivity
    • Siemens AG
    • Schneider Electric
    • Rockwell Automation Inc.
    • Parmley Graham Ltd.
    • Other Key Players

    Recent Development

    In January 2022, Allen-Bradley FLEX 5000 was released by Rockwell Automation. It was a new analog safety I/O module. It can assist process operational efficiency in meeting security standards and minimalizing connected downtime risks in various process applications. Rockwell Automation analog safety I/O modules offer a united safety device with systematic abilities up to SC 3. Moreover, they can be fitted in the same I/O bank as usual FLEX 5000 I/O modules. It can help in reducing system complexity and costs.

    In June 2021, NVIDIA launched the Jetson AGX Xavier. The reconfigurable AI computing system is designed for mobile edge and fixed devices. It includes last-mile delivery mobile robots, deep learning-based cameras, automated storage and retrieval systems, and inspection drones to function in strict operative conditions. They offer various applications, such as agriculture, manufacturing, construction, governance, and energy.

    In June 2021, a new I/O module was designed and launched by Mitsubishi Electric Automation equipment to progress the hazardous environments and industrial environment and output control systems. Its goal is to shrink and manage power converters of renewable energy. The IGBT delivered high competence, less switching loss, low conduction, and rapid switching.


    For the Industrial I/O Modules Market research study, the following years have been considered to estimate the market size:

    Attribute Report Details

    Market Size in 2022

    USD 1,766.8 million

    Growth Rate

    5.8%

    Forecast Value in 2032

    USD 3104.87 million

    Historical Years

    2016-2020

    Base Year

    2021

    Estimated Year

    2022

    Short Term Projection Year

    2028

    Projected Year

    2023

    Long Term Projection Year

    2032

    Report Coverage

    Competitive Landscape, Revenue analysis, Company Share Analysis, Manufacturers Analysis, Volume by Manufacturers, Key Segments, Key company analysis, Market Trends, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis, strategy for existing players to grab maximum market share, and more.

    Regional Scope

    North America, Europe, Asia-Pacific, South America, Middle East & Africa

    Country Scope

    United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa

    Frequently Asked Questions (FAQ)

    What is Analysis Period of Industrial IO Module Market?

    The Industrial IO Modules Market market is studied from 2022 - 2032.

    What is the Growth Rate of Safety IO Modules Market?

    The industrial IO modules market is growing at a CAGR of 5.8% over the next 10 years.

    Who are the Top Key Players in the Industrail IO Module Market?

    The top market players in industrial IO module market are NVIDIA Corporation, General Electric Company, Emerson Electric Co., Mitsubishi Electric Corporation, OMRON Corporation and other many others...

    What is the CAGR of Industrial IO Module Market??

    The CAGR(Compound Annual Growth Rate) of industrial io module id 5.8%

    What is the Market Size of Industrial IO Module Market?

    The Industrial IO Modules Market size is expected to be worth around USD 3104.87 million by 2032 from USD 1,766.8 million in 2022.

    What are the key factors that drive the industrial io module market?

    The key factors that will drive the growth of the industrial IO module market include increasing demand for modules on a worldwide scale. This is expected to lead to the increased usage of industrial-level products over the forecast period.

    Industrial I/O Modules Market
    Industrial I/O Modules Market
    Published date: Dec 2024
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    • NVIDIA Corporation
    • General Electric Company
    • Emerson Electric Co. Company Profile
    • Mitsubishi Electric Corporation Company Profile
    • OMRON Corporation
    • Moxa Inc.
    • Lumberg Automation
    • Advantech Co. Ltd.
    • ABB Ltd.
    • TE Connectivity Limited Company Profile
    • Siemens AG
    • Schneider Electric SE. Company Profile
    • Rockwell Automation Inc.
    • Parmley Graham Ltd.
    • Other Key Players
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