Dublin, May 10, 2023 (GLOBE NEWSWIRE) -- The "Remote Input Output Modules: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Remote Input Output Modules estimated at US$2.9 Billion in the year 2022, is projected to reach a revised size of US$4.5 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.
PLC-based, one of the segments analyzed in the report, is projected to record a 6.1% CAGR and reach US$2.7 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Dcs-Based segment is readjusted to a revised 5.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $808.7 Million, While China is Forecast to Grow at 7.2% CAGR
The Remote Input Output Modules market in the U.S. is estimated at US$808.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$557.8 Million by the year 2030 trailing a CAGR of 7.2% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 5.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.6% CAGR.
Select Competitors (Total 78 Featured) -
- ABB Ltd
- Acromag
- Advantech Co., Ltd.
- Azbil Corporation
- B&R Industrial Automation GmbH
- Beckhoff Automation LLC
- Eaton Corporation
- Emerson Electric Co.
- Festo AG & Co. KG
- General Electric Company
- Hitachi, Ltd.
- IDEC Corporation
- Mitsubishi Electric Corporation
- National Instruments Corporation
- OMRON Corporation
- Pepperl+Fuchs
- Rockwell Automation, Inc.
- Siemens AG
- Turck, Inc.
- WAGO Kontakttechnik GmbH & Co. KG
- Yokogawa Corporation of America
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 278 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.9 Billion |
| Forecasted Market Value (USD) by 2030 | $4.5 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
- Slowdown in Automation Investments Impacts Business Opportunities for Remote I/O Modules
- Percentage Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
- Remote Input Output Modules - Global Key Competitors Percentage Market Share in 2022 (E)
- Remote Input/Output Modules: A Prelude
- Working Principle & Benefits
- Key Components & Installation of Remote I/O Modules
- Insights into I/O Systems
- Leveraging Remote I/O
- Types of Remote I/O Modules
- Outlook
- PLC-based Remote I/O Category Holds the Largest Revenue Share
- Competition
- Market Share of Leading Players in the Global Remote I/O Modules Market: 2020
- RECENT MARKET ACTIVITY
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Growing Deployments of Smart Grids: A Strong Business Case for Remote I/O Modules
- Global Market for Smart Grids (in US$ Billion) for the Years 2017, 2019, 2021 & 2023
- Industrial Automation Trend in Multiple Industries & the Need for Remote Monitoring of Industrial Processes Support Growth
- Global Industrial Automation Market (in US$ Billion) for the Years 2019, 2022, 2024 and 2026
- Sophisticated I/O Systems to Pave Way for IIoT-Powered Automation Systems
- World Industry 4.0 Investments (in US$ Billion) for Years 2019, 2021, & 2023
- Computer Networking of Remote I/O Devices Allows Cost-Efficient Expansion & Upgrade of Existing Systems
- Advent of Advanced I/O Systems
- Remote I/O Space Witnesses Flurry of Compact & Efficient Solutions with High Smartness Quotient
- High-Density I/O
- Customized I/O Systems
- Remote I/O for Local Control
- Rise in Wireless I/O Modules with Cloud Connectivity
- Rise in Use of Open-Source Software for Programming Remote I/O Modules
- Rising Demand for Ethernet-Connected Devices and the Ensuing Increase in POE Solutions Augurs well for Market Growth
- Water Treatment Systems and Wastewater Treatment Projects Drive Demand
- World Fresh Water Resources: Percentage Breakdown by Sources of Fresh Water
- Percentage of Contaminated Water in Drinking Water Supplies in Africa, Asia, and Latin America and Caribbean
- Smart Connected Homes and Buildings Boost Prospects for Remote I/O Modules
- Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025
- Growing Focus on Optimization of Costs to Accelerate Demand
- Agriculture Industry Accelerates Advanced Technologies Adoption amid the Pandemic
- Advantages of Using IoT in Agriculture
- World Smart Agriculture Market by Agriculture Type (2020 & 2027): Percentage Breakdown of Revenues for Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, and Other Agriculture Types
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/mjo1y5
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