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Industrial Multiprotocol Gateways Market Size to Grow by USD 160.07 Mn at a CAGR of 10.27%| Process Industries segment is expected to witness lucrative growth | Technavio
[May 27, 2022]

Industrial Multiprotocol Gateways Market Size to Grow by USD 160.07 Mn at a CAGR of 10.27%| Process Industries segment is expected to witness lucrative growth | Technavio


NEW YORK, May 27, 2022 /PRNewswire/ -- The Industrial Multiprotocol Gateways Market size is expected to grow by USD 160.07 million with a YOY growth of 8.38% during the forecast period. The growing prominence of IoT gateways is one of the key drivers supporting the industrial multiprotocol gateways market growth. The report offers an up-to-date analysis of the current market scenario and information from several leading manufacturers.

For more insights on YOY and CAGR, Request Latest Sample Report.

This market research report extensively covers Industrial Multiprotocol Gateways Market segmentations by the following:

  • End-user - Process industries and discrete industries
    •  
      •  
        • The process industries segment will have a considerable increase in market share for industrial multiprotocol gateways. The oil and gas industry has seen a surge in the use of digital and IoT devices such as wearables and drones, resulting in an increase in the number of connected devices.
        • The utilization of multiprotocol gateways in the process industries has increased as wireless communication gateways have grown in popularity. As the use of remote asset monitoring solutions grows in the process industries, demand for wireless multiprotocol gateways is expected to rise over the projected period.
  • Geography - North America, Europe, APAC, South America, and Middle East and Africa
    •  
      •  
        • North America will account for 35% of the market's growth. In North America, the industrial multiprotocol gateways market is dominated by the United States and Canada. The market in this region will grow more slowly than the markets in Europe and Asia Pacific.
        • Over the projected period, the increased use of IoT gateways in smart energy utility solutions would aid the expansion of the industrial multiprotocol gateways market in North America.

Get more insights into this market's growth with a detailed analysis of the top regions, View our Sample Report!

Industrial Multiprotocol Gateways Market Dynamics

Market Driver

One of the major factors driving the growth of the industrial multiprotocol gateways market is the increasing significance of IoT gateways. Supportive gateway protocols that aid in easy connectivity across multiple networks are propelling IoT technology forward across numerous industries. End-users are also aware of the long-term benefits of using IoT technologies. Furthermore, the popularity of IoT gateways has grown due to the introduction of new generation IoT gateways with increased overall system responsiveness.

Market Trend

One of the important industrial multiprotocol gateways market trends contributing to market expansion is the development of system-on-chip for multiprotocol communication. Chip and module manufacturers are developing system-on-chips that can handle several wireless standards, allowing gateways to support numerous protocols. In addition to supporting proprietary sub-gigahertz frequencies, system-on-chip can also support 2.4-GHz standards-based protocols within a highly integrated device. This allows manufacturers, particularly IoT developers, more options in building devices that may be used in a variety of applications.

Market Challenge

One of the problems impeding the growth of the industrial multiprotocol gateways market is the barriers produced by traditional mechanisms. Due to worldwide economic development, there is a surge in demand for more energy in the industrial, commercial, and residential sectors. In Modbus gateways, however, transparent mode communications using the typical round-robin polling technique is the most used standard. While this approach is rapid and easy to use, it is restricted by network bandwidth.

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Industrial Multiprotocol Gateways Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 10.27%

Market growth 2022-2026

$ 160.07 million

Market structure

Fragmented

YoY growth (%)

8.38

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 35%

Key consumer countries

US, Canada, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Advantech Co. Ltd., Alten SA, Aquamonix Pty. Ltd., Artila Electronics Co. Ltd, Atop Technologies, Bronkhorst High Tech B.V., ELPRO BUCHS AG, HMS Networks AB, Honeywell International Inc., Infoteam Informatique Holding SA, Intel Corp., Kessler Ellis Products, Mindtree Ltd., Moxa Inc., MSA Safety Inc., Multi-Tech Systems Inc., Pepperl and Fuchs SE, San Telequip Pvt. Ltd., Softing AG, Spectris Plc, and SWYCS

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


Industrial Multiprotocol Gateways Market Segmentation

  • End-user
    • Process Industries
    • Discrete Industries
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • Middle East And Africa

Download Sample Report: to know additional highlights and key points on various market segments and their impact in coming years. 

Industrial Multiprotocol Gateways Market Vendor

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.   

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • ABB Ltd.
  • Advantech Co. Ltd.
  • Alten SA
  • Aquamonix Pty. Ltd.
  • Artila Electronics Co. Ltd
  • Atop Technologies
  • Bronkhorst High Tech B.V.
  • ELPRO BUCHS AG
  • HMS Networks AB
  • Honeywell International Inc.
  • Infoteam Informatique Holding SA
  • Intel Corp.

Find out the top market vendors, their competition and how they excel in the Industrial Multiprotocol Gateways Market in our latest Sample Report. Download our Detailed Sample Report. 

Product Insights and News

  •  
    • Global.abb- The company offers Solutions.AI for marketing to improve MROI with AI and data-driven marketing capabilities.
    • Advantech.com- The company offers Adobe Sensei AI and machine learning services to understand customer experience and maintain relationship.
    • Alten.com- The company offers marketing analytics and AI solutions to enhance customer experiences with the power of customer data and Google cloud.

Do reach out to our analysts for more customized reports as per your requirements. Speak to our Analyst now!

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Table of Contents

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments
    • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
  • 5.2 Comparison by End-user
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Process industries - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Process industries - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Process industries - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Process industries - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Process industries - Year-over-year growth 2021-2026 (%)
  • 5.4 Discrete industries - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Discrete industries - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Discrete industries - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Discrete industries - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Discrete industries - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by End-user
    • Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America - Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 APAC - Market size and forecast 2021-2026
    • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 US - Market size and forecast 2021-2026
    • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.9 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.10 Germany - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.11 UK - Market size and forecast 2021-2026
    • Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
  • 7.12 Japan - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.13 Canada - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Canada - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Canada - Year-over-year growth 2021-2026 (%)
  • 7.14 Market opportunity by geography
    • Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 89: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 90: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 91: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 92: Matrix on vendor position and classification
  • 10.3 ABB Ltd.
    • Exhibit 93: ABB Ltd. - Overview
    • Exhibit 94: ABB Ltd. - Business segments
    • Exhibit 95: ABB Ltd. - Key offerings
    • Exhibit 96: ABB Ltd. - Segment focus
  • 10.4 Advantech Co. Ltd.
    • Exhibit 97: Advantech Co. Ltd. - Overview
    • Exhibit 98: Advantech Co. Ltd. - Business segments
    • Exhibit 99: Advantech Co. Ltd. - Key offerings
    • Exhibit 100: Advantech Co. Ltd. - Segment focus
  • 10.5 Artila Electronics Co. Ltd
    • Exhibit 101: Artila Electronics Co. Ltd - Overview
    • Exhibit 102: Artila Electronics Co. Ltd - Product / Service
    • Exhibit 103: Artila Electronics Co. Ltd - Key offerings
  • 10.6 HMS Networks AB
    • Exhibit 104: HMS Networks AB - Overview
    • Exhibit 105: HMS Networks AB - Product / Service
    • Exhibit 106: HMS Networks AB - Key news
    • Exhibit 107: HMS Networks AB - Key offerings
  • 10.7 Honeywell International Inc.
    • Exhibit 108: Honeywell International Inc. - Overview
    • Exhibit 109: Honeywell International Inc. - Business segments
    • Exhibit 110: Honeywell International Inc. - Key news
    • Exhibit 111: Honeywell International Inc. - Key offerings
    • Exhibit 112: Honeywell International Inc. - Segment focus
  • 10.8 Infoteam Informatique Holding SA
    • Exhibit 113: Infoteam Informatique Holding SA - Overview
    • Exhibit 114: Infoteam Informatique Holding SA - Product / Service
    • Exhibit 115: Infoteam Informatique Holding SA - Key offerings
  • 10.9 Intel Corp.
    • Exhibit 116: Intel Corp. - Overview
    • Exhibit 117: Intel Corp. - Business segments
    • Exhibit 118: Intel Corp. - Key news
    • Exhibit 119: Intel Corp. - Key offerings
    • Exhibit 120: Intel Corp. - Segment focus
  • 10.10 Kessler Ellis Products
    • Exhibit 121: Kessler Ellis Products - Overview
    • Exhibit 122: Kessler Ellis Products - Product / Service
    • Exhibit 123: Kessler Ellis Products - Key offerings
  • 10.11 Moxa Inc.
    • Exhibit 124: Moxa Inc. - Overview
    • Exhibit 125: Moxa Inc. - Product / Service
    • Exhibit 126: Moxa Inc. - Key offerings
  • 10.12 San Telequip Pvt. Ltd.
    • Exhibit 127: San Telequip Pvt. Ltd. - Overview
    • Exhibit 128: San Telequip Pvt. Ltd. - Product / Service
    • Exhibit 129: San Telequip Pvt. Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 130: Inclusions checklist
    • Exhibit 131: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 132: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 133: Research methodology
    • Exhibit 134: Validation techniques employed for market sizing
    • Exhibit 135: Information sources
  • 11.5 List of abbreviations
    • Exhibit 136: List of abbreviations
About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. 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.

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