DUBLIN--(BUSINESS WIRE)--The "Global Safety IO Modules Market - Segmented by Type (Analog Modules, Digital Modules), Ratings (IP 20, IP 67), End-User Application, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global safety IO modules market is expected to register a CAGR of 5.72% during the forecast period, 2018-2023.
The scope of the report is limited to type of safety IO modules, such as analog modules, digital modules among others, ratings of safety IO modules, such as IP 20, IP 67 among others, and end-user applications such as automotive, manufacturing, healthcare, energy & power among others. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific and Rest of the World.
The increasing demand for the safety IO modules is a direct consequence of the increase in number of hazardous areas. Rising frequency of accidents in these hazardous areas has led to the establishment of industrial regulatory standards, which drove the demand for safety infrastructure in the market, thereby, steering the market growth. On the contrary, lack of awareness about the robust and reliable IO modules has been a challenge hindering the market growth in the recent past.
The automotive industry is one of the fastest growing consumers of safety IO modules. With growing demand for automobiles across the world, companies are pushing towards automated systems to increase productivity of the existing plants. Many automotive manufacturers are either establishing new manufacturing infrastructure across the world or moving the processes in automotive manufacturing, from manual labor to robotic machinery. Thus, with the increase in number of industrial robots and automation, there is a need for interfacing these systems with centralized controllers. The automotive industry is thus deploying IO modules, for monitoring, data collecting, and controlling these systems.
Key Developments in the Market
- April 2017 - Murrelektronik launched Heavy-Duty All-purpose Connectors to ensure the reliable transmission of signals, power, data, and pneumatics, even in the toughest industrial environment
- January 2017 - ABB developed input/output (I/O) systems, which enable devices to be wired to the nearest cabinet, instead of being wired directly to the controller, leading a complex cabling design work
Key Topics Covered
2. Research Approach and Methodology
3. Market Insights
4. Market Dynamics
5. Global Safety IO Modules Market Segmentation
6. Competitive Intelligence - Company Profiles
6.1 ABB Ltd.
6.2 Bihl+Wiedemann GmbH
6.3 Siemens AG
6.4 Lumberg Automation
6.5 Rockwell Automation Inc.
6.7 Schneider Electric
6.8 Parmley Graham Ltd.
6.9 Honeywell International, Inc.
6.10 Advantech Co., Ltd.
6.11 Weidmuller Interface GmbH & Co. KG
7. Investment Analysis
8. Future Outlook of Safety IO Modules Market
For more information about this report visit https://www.researchandmarkets.com/research/6bhj63/global_safety_io?w=4