Industrial I/O Modules Market Introduction
- Industrial I/O modules are devices associated with field devices such as actuators, drives, and sensors with controllers, including distributed control systems (DCS), programmable logic controllers (PLC), and industrial PCs.
- The I/O modules are used to convert field signals into information and forward it to the controller.
Major Key Players of the Industrial I/O Modules Market are:
ABB, Emerson Electric Co., General Electric Company, Mitsubishi Electric Corporation, Rockwell Automation, Inc., Siemens AG
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Industrial I/O Modules Market Dynamics
- Rapidly growing developments in power grid projects across the world has prompted the growth of the industrial I/O modules market.
- Significant expansion of power grid projects is expected to encourage the adoption of industrial I/O modules in power generation, distribution, and transmission.
- Several benefits are associated with usage of smart grids. These include reduced number of transformer failures, and management of peak load and outage. These benefits encourage the deployment of industrial I/O modules in the existing systems.
- Emergence of fuzzy logic modules in programmable controllers is another key trend driving the growth of the industrial I/O modules market. Fuzzy logic modules help to bridge the gap between analog and discrete decision making functions of PLCs (programmable logic controllers). Thus, fuzzy logic modules are increasingly being adopted by end-users as a critical part of modern programmable controllers. Therefore, PLCs incorporated with fuzzy logic modules encourage the systems to acknowledge temperature readings within a specific range.
- Likewise, numerous controllers with fuzzy logic modules have independent interface ports enabling them to communicate with the procedure through the PLCs input/output ports. This is further expected to contribute to the development of the industrial I/O modules market throughout the forecast period.
- In addition, adoption of wireless I/O modules is expected to gain traction in the coming years and thus drive the growth of the industrial I/O modules market.
- However, fluctuation in prices of raw material used for making I/O modules is expected to hinder the adoption rate of industrial I/O modules. Raw material price volatility causes reluctance among companies to adopt I/O modules, thereby hindering the industrial I/O modules market.
Global Industrial I/O Modules Market: Research Scope
Industrial I/O Modules Market, by Product
- Programmable Logic Controller I/O (PLC I/O)
- Distributed Control System I/O (DCS I/O)
- Industrial PC I/O
Industrial I/O Modules Market, by End-user
- Process Industry
- Discrete Industry
– To study and analyze the global Industrial I/O Modules consumption (value & volume) by key regions/countries, product type and application, history data.
– To understand the structure of the Industrial I/O Modules market by identifying its various sub-segments.
– Focuses on the key global Industrial I/O Modules manufacturers, to define, describe and analyze the sales volume, value, market share, market competitive landscape, SWOT analysis, and development plans in the next few years.
– To analyze the Industrial I/O Modules with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
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In the end, Industrial I/O Modules industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, and market growth rate, demand, forecast and so on. This report also presents SWOT analysis, investment feasibility analysis, and investment return analysis.
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