Global I/O Modules in Process Industries Market to grow at a CAGR of 4.68% during the period 2016 - 2020; Finds New Report

Report forecast the global I/O modules in process industries market to grow at a CAGR of 4.68% during the period 2016-2020.

An I/O module acts as a mediator between the controller (PLC, DCS, and industrial PC) and an I/O device. It controls the information exchange between the peripheral devices. The physical media by which an I/O module is connected varies by application and bus/network.

The report covers the present scenario and the growth prospects of the global I/O modules in process industries market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales and aftermarket services of I/O modules in automotive, electronics and semiconductor manufacturing, industrial machinery manufacturing, and aerospace and defense industries.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, distributed I/O modules installed in a communication network in discrete industries enable I/O data to be spread across the machine and outside of the cabinet, thereby lowering the overall hardware costs of the system. End-users are showing interest in distributed modular I/O technology because it lowers the cost per point of the control designs and reduces the total time of integration. By using modular I/O modules, the I/O slices can be separated from the communication network and are designed for mounting on the machines in small pockets of distributed I/O.

Further, the report states that the I/O modules market is marked by multiple local, regional, and international vendors offering similar products at competitive prices. This has created intense competition among vendors, wherein they are compelled to differentiate their products by providing additional support and services to end-users. Low-cost I/O modules are offered by manufacturers in developing countries such as India and China to gain larger market shares. Thus, the European and the US manufacturers dominating the market are feeling the heat and have been forced to adopt vertical integration.

Global I/O Modules in Process Industries Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global I/O modules market in process industries: ABB, Rockwell Automation, Siemens, and Emerson Electric

Other Prominent Vendors in the market are: Acromag, Advantech, B&R, Beckhoff Automation, Festo, GE, Hitachi, IDEC, Mitsubishi Electric, Moeller, National Instruments, Omron, Parsec Automation, Pepperl+Fuchs, RS Component, TURCK India Automation, Wago, Yamatake Control Products, and Yokogawa

Market driver

• Reduction in prices of raw materials
• For a full, detailed list, view our report

Market challenge

• Security concerns due to insecure I/O connections
• For a full, detailed list, view our report

Market trend

• Increased adoption of Ethernet-based I/O control network interface
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages and 37 Exhibits “Global I/O Modules Market in Process Industries 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by controller type, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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