According to Technavio’s latest market research study, the global I/O modules market is expected to grow at a CAGR of close to 6% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global remote I/O modules market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the controller type
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The top three revenue contributing controller segments are discussed below:
Global PLC-based remote I/O modules market: PLC remote I/O controllers provide a robust computing structure, communication, and I/O infrastructure as well as support the execution of control, monitoring, and supervision of applications. Remote I/O modules are used when PLCs have to monitor and control external signals located at a distance. These enable users to install remote I/O modules nearer to sensors and other devices, thus reducing the cabling costs and reducing signal-to-noise ratios.
“The PLC hardware consists of a central processing unit, a memory unit, and I/O module. The input points in the I/O module convert electric signals from the controlled process into program input variables. The output points in the I/O module convert program output variables into commands to control the field devices,” says Bharath Kanniappan, a lead analyst at Technavio for research on automation.
Global DCS-based remote I/O modules market: DCS remote I/O modules are widely used in the process automation and is closely linked to the growth of various process industries since most of the process industry facilities are spread over large areas. The power, oil and gas, and chemical industries occupy the highest end-user market shares of DCS remote I/O modules.
Global industrial PC-based remote I/O modules: Industrial PC-based remote I/O modules process control and data acquisition. Various types of industrial PCs include panel, rack mount, box, embedded box, embedded panel, and DIN-rail with I/Os.
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The top vendors operating in the global remote I/O modules market are:
- ABB
- Emerson Electric
- Rockwell Automation
- Siemens
Other prominent vendors in the market include Acromag, Advantech, B&R, Beckhoff Automation, Festo, GE, Hitachi, IDEC, Mitsubishi Electric, Eaton, National Instruments, OMRON, Parsec Automation, Pepperl + Fuchs, Turck Automation, Wago, Azbil, and Yokogawa.
A more detailed analysis is available in the Technavio report titled, ‘Global Remote I/O Modules Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Industrial Data Acquisition Systems Market 2016-2020
- Global I/O Modules Market in Process Industries 2016-2020
- Global I/O Modules Market in Discrete Industries 2016-2020
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