Top Emerging Trends in the Global Industrial IO Modules Market | Technavio

Technavio has announced a new market research report on the global industrial IO modules market from 2018-2022. (Graphic: Business Wire)

LONDON--()--Technavio’s latest market research report on the global industrial IO modules market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.

According to Technavio market research analysts, the global industrial IO modules market will grow at a CAGR of close to 6% during the forecast period. Continued developments in power grid projects is a major factor driving the market’s growth.

Power grid projects adopt 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 allow utilities with complete control and help in managing digital assets present in the field. The key benefits of smart grids play a key role in fostering investments in smart grid projects when compared to traditional grids.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Save more with Technavio. Buy 2 reports and get the third for FREE: View all Technavio’s current offers

In this report, Technavio highlights the development of smart factories as one of the key emerging trends driving the global industrial IO modules market:

Development of smart factories

The industrial manufacturing landscape is changing with the advent of smart factories. From traditional automation, it is gradually shifting toward a fully connected and flexible system. A smart factory is an environment where machinery and its allied equipment generate reams of data. This data indicates issues related to the performance of assets, through continuous analysis, for optimum utilization. Information is transferred with the help of a constant stream of data, which enables factories to improve or optimize their processes through automation and self-optimization.

“Globally, the growth and acceptance of smart factories can be attributed to factors such as ongoing technological advances, increasing complexity in the supply chain, growing competitive pressure across the globe, ongoing organizational realignments resulting from IT and OT, and increased investments by end-user industries. This, in turn, is driving the global industrial I/O modules market during the forecast period,” says a senior analyst at Technavio for research on automation.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Global industrial IO modules market segmentation

This market research report segments the global industrial IO modules market into the following products (PLC I/O, DCS I/O, and industrial PC I/O), end-users (process industry and discrete industry) and key regions (the Americas, APAC, and EMEA).

The PLC I/O segment held the largest market share in 2017, accounting for nearly 66% of the market. The market share for this product is expected to increase by 2022. The fastest growing product is industrial PC I/O, which will account for nearly 5% of the total market share by 2022.

EMEA was the leading region for the global industrial IO modules market in 2017, accounting for a market share of nearly 38%. By 2022, APAC is expected to register the highest growth rate.

 

Technavio’s best deals of the month!

Technavio supports Health for All campaign on this World Health Day with 20% savings on all reports in the Health and Wellness category for the entire month.

OR

Celebrate International Astronomy Day by indulging in a whopping 30% savings on all reports in the Space category. Offer valid from 16th April for a limited period.

 

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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 10,000 reports and counting, covering 800 technologies, spanning across 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.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

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

Release Summary

Technavio’s latest market research report on the global industrial IO modules market provides an analysis of the most important trends and drivers.

Contacts

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