Industrial I/O Modules Market to Grow by USD 2.33 Billion During 2021-2025|Featuring ABB Ltd. and Emerson Electric Co. Among Others|Technavio
NEW YORK, March 30, 2021 /PRNewswire/ --
The global industrial I/O modules market is expected to grow by USD 2.33 billion during 2021-2025, as per Technavio. This marks a significant market slow down compared to the 2020 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of over 6%.
For the Right Perspective & Competitive Insights. Make confident decisions using our benchmarks and analysis.
Read the 120-page report with TOC on "Industrial I/O Modules Market Analysis Report by Product (PLC I/O, DCS I/O, and Industrial PC I/O), End-user (Process Industries and Discrete industries), and Geography (Europe, APAC, North America, MEA, and South America), and the Segment Forecasts,2021-2025". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales and supply functions.
The industrial I/O modules market is driven by the continued developments in power grid projects. In addition, the continued adaptation of distributed I/O systems is anticipated to boost the growth of the industrial I/O modules market.
Power grid projects have high scope for the adoption of 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. The key benefits of smart grids over traditional grids play a key role in fostering investments in smart grid projects. The measures to supply electricity through grids with smart technology are driving the power transmission and distribution industry. The increasing adoption of smart grids and increasing developments in power grid projects can help in the growth of the industrial I/O modules globally during the forecast period.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Industrial I/O Modules Companies:
Emerson Electric Co.
General Electric Co.
Industrial I/O Modules Market Product Outlook (Revenue, USD billion, 2020-2025)
Industrial I/O Modules Market End-user Outlook (Revenue, USD billion, 2020-2025)
Industrial I/O Modules Market Geography Outlook (Revenue, USD billion, 2020-2025)
Are you a start-up willing to make it big in the business? Grab an exclusive Report
Related Reports on Industrials Include:
Global Electric Wire and Cable Market in North America- The electric wire and cable market size in North America is segmented by product (power cable, electronic wire, building cable, and others), end-user (electrical appliances, construction, automotive, and other end-users), and key vendors.
Global Commercial Griddle Market- The commercial griddle market is segmented by product (commercial gas griddles and commercial electric griddles), type (commercial countertop griddles and commercial floor-standing griddles), geography (North America, Europe, APAC, South America, and MEA), and key vendors.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 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.
View original content to download multimedia:http://www.prnewswire.com/news-releases/industrial-io-modules-market-to-grow-by-usd-2-33-billion-during-2021-2025featuring-abb-ltd-and-emerson-electric-co-among-otherstechnavio-301257290.html
Boosting your UC and Conferencing Revenue