Industrial I/O Modules Market size to grow by USD 2,720.15 million from 2022 to 2027, Growing need for automation and Industry 4.0 technologies to boost market growth - Technavio

NEW YORK, May 26, 2023 /PRNewswire/ -- Technavio has been monitoring the industrial I/O modules market, and it is expected to grow by USD 2,720.15 million during the five-year forecast period. As per the latest report, the market will progress at a CAGR of 6.66% from 2022 to 2027. This report aid business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. The rising number of new product launches is an emerging trend influencing the industrial input/output module market. The increasing number of new product launches increases competition in the market, which leads to innovation and differentiation. Since new product launches encourage consumers to try different products, manufacturers are, therefore, actively developing new products. Hence, such developments are expected to fuel the growth of the market during the forecast period. Click & get Latest Sample Report within minutes!

Industrial I/O Modules Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our industrial I/O modules market report covers the following areas:

• Industrial I/O Modules Market size
• Industrial I/O Modules Market trends
• Industrial I/O Modules Market industry analysis
• Industrial I/O Modules Market five forces analysis
• Industrial I/O Modules Market competitive landscape

Industrial I/O Modules Market 2023-2027: Key Driver

One of the key factors driving the global industrial input/output module market is the growing need for automation and Industry 4.0 technologies. The growing adoption of Industry 4.0 technologies like smart factories and digital twins, which require fast and reliable communication between industrial equipment and control systems, is expected to boost the demand for industrial I/O modules. Since companies strive to increase efficiency and reduce costs, automation is expanding significantly in various sectors such as manufacturing, transportation, and power generation. Therefore, such factors are expected to drive the growth of the global industrial IO modules market during the forecast period.

Industrial I/O Modules Market 2023-2027: Segmentation
Industrial I/O Modules Market is segmented as below:

• End-user 
• Process Industries
• Discrete Industries
• Product 
• PLC IO
• DC IO
• Industrial PC IO
• Geography 
• Europe
• APAC
• North America
• Middle East And Africa
• South America

The market share growth by the process industries segment will be significant during the forecast period. The process industries segment includes oil and gas, food processing, chemicals and petrochemicals, and water and wastewater. They are highly safety-oriented and must maintain a set of safety standards in all their process equipment. Additionally, the water and wastewater industry is expected to grow positively during the forecast period. This is due to the growing demand for freshwater to cater to the growing population and rising industrialization across the world. Hence, such factors drive segment growth during the forecast period. 

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Industrial I/O Modules Market 2023-2027: Key Challenges

Operational challenges due to condensation issues are the major issues that hinder the global industrial input/output module market growth. Corrosion, additional heat generation, inconsistent component performance, the risk of a short circuit, the occurrence of arcing, component failure, and the rusting of electrical components are the primary problems faced by industrial operators. This is due to the issue of condensation inside industrial I/O modules. Hence, these factors will reduce the adoption of these modules and, in turn, hamper the growth of the global market during the forecast period.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Industrial I/O Modules Market 2023-2027: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. We provide a detailed analysis of around 25 vendors operating in the Industrial I/O Modules Market, including some of the vendors such as ABB Ltd., Advantech Co. Ltd., Analog Devices Inc., DAE Instrument, Distec Ltd., Emerson Electric Co., General Electric Co., HYDAC International GmbH, ifm electronic GmbH, KEBA Group AG, Mitsubishi Electric Corp., Moxa Inc., NOVUS Automation Inc., OMRON Corp., Pepperl and Fuchs SE, Rockwell Automation Inc., Siemens AG, TE Connectivity Ltd., TURCK India Automation Pvt. Ltd., and WAGO GmbH and Co. KG Backed with competitive intelligence and benchmarking, our research reports on the Industrial IO Modules Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Vendor Offerings

• ABB Ltd. - The company offers S900 remote IO industrial module system which is designed for applications related to the chemical, pharmaceutical oil, and gas industries.
• Advantech Co. Ltd. - The company offers industrial IO modules and automation devices from embedded automation computers, HMIs, and software tools, which not only satisfy data acquisition, measurement, control, and communication needs but also allow cloud integration for wider area data management systems.
• Analog Devices Inc. - The company offers digital IO signals which are used by industrial automation and control equipment to operate in harsh and noisy environments for communicating status between remote devices and controllers.

Industrial I/O Modules Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist industrial I/O modules market growth during the next five years
• Estimation of the industrial io modules market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the industrial io modules market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial io modules market vendors

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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 Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global industrial IO modules market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global industrial IO modules market 2017 - 2021 ($ million)

• 4.2 End user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End user Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Process industries - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Process industries - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Process industries - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Process industries - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Process industries - Year-over-year growth 2022-2027 (%)

• 6.4 Discrete industries - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Discrete industries - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Discrete industries - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Discrete industries - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Discrete industries - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ million)
• Exhibit 43: Data Table on Market opportunity by End-user ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 44: Chart on Product - Market share 2022-2027 (%)
• Exhibit 45: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 46: Chart on Comparison by Product
• Exhibit 47: Data Table on Comparison by Product

• 7.3 PLC IO - Market size and forecast 2022-2027
• Exhibit 48: Chart on PLC IO - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on PLC IO - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on PLC IO - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on PLC IO - Year-over-year growth 2022-2027 (%)

• 7.4 DC IO - Market size and forecast 2022-2027
• Exhibit 52: Chart on DC IO - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on DC IO - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on DC IO - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on DC IO - Year-over-year growth 2022-2027 (%)

• 7.5 Industrial PC IO - Market size and forecast 2022-2027
• Exhibit 56: Chart on Industrial PC IO - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Industrial PC IO - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Industrial PC IO - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Industrial PC IO - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Product 
• Exhibit 60: Market opportunity by Product ($ million)
• Exhibit 61: Data Table on Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 67: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 68: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 75: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 103: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 ABB Ltd. 
• Exhibit 115: ABB Ltd. - Overview
• Exhibit 116: ABB Ltd. - Business segments
• Exhibit 117: ABB Ltd. - Key news
• Exhibit 118: ABB Ltd. - Key offerings
• Exhibit 119: ABB Ltd. - Segment focus

• 12.4 Advantech Co. Ltd. 
• Exhibit 120: Advantech Co. Ltd. - Overview
• Exhibit 121: Advantech Co. Ltd. - Business segments
• Exhibit 122: Advantech Co. Ltd. - Key offerings
• Exhibit 123: Advantech Co. Ltd. - Segment focus

• 12.5 Analog Devices Inc. 
• Exhibit 124: Analog Devices Inc. - Overview
• Exhibit 125: Analog Devices Inc. - Business segments
• Exhibit 126: Analog Devices Inc. - Key news
• Exhibit 127: Analog Devices Inc. - Key offerings
• Exhibit 128: Analog Devices Inc. - Segment focus

• 12.6 Emerson Electric Co. 
• Exhibit 129: Emerson Electric Co. - Overview
• Exhibit 130: Emerson Electric Co. - Business segments
• Exhibit 131: Emerson Electric Co. - Key news
• Exhibit 132: Emerson Electric Co. - Key offerings
• Exhibit 133: Emerson Electric Co. - Segment focus

• 12.7 General Electric Co. 
• Exhibit 134: General Electric Co. - Overview
• Exhibit 135: General Electric Co. - Business segments
• Exhibit 136: General Electric Co. - Key news
• Exhibit 137: General Electric Co. - Key offerings
• Exhibit 138: General Electric Co. - Segment focus

• 12.8 HYDAC International GmbH 
• Exhibit 139: HYDAC International GmbH - Overview
• Exhibit 140: HYDAC International GmbH - Product / Service
• Exhibit 141: HYDAC International GmbH - Key offerings

• 12.9 ifm electronic GmbH 
• Exhibit 142: ifm electronic GmbH - Overview
• Exhibit 143: ifm electronic GmbH - Product / Service
• Exhibit 144: ifm electronic GmbH - Key offerings

• 12.10 Mitsubishi Electric Corp. 
• Exhibit 145: Mitsubishi Electric Corp. - Overview
• Exhibit 146: Mitsubishi Electric Corp. - Business segments
• Exhibit 147: Mitsubishi Electric Corp. - Key news
• Exhibit 148: Mitsubishi Electric Corp. - Key offerings
• Exhibit 149: Mitsubishi Electric Corp. - Segment focus

• 12.11 Moxa Inc. 
• Exhibit 150: Moxa Inc. - Overview
• Exhibit 151: Moxa Inc. - Product / Service
• Exhibit 152: Moxa Inc. - Key offerings

• 12.12 OMRON Corp. 
• Exhibit 153: OMRON Corp. - Overview
• Exhibit 154: OMRON Corp. - Business segments
• Exhibit 155: OMRON Corp. - Key news
• Exhibit 156: OMRON Corp. - Key offerings
• Exhibit 157: OMRON Corp. - Segment focus

• 12.13 Pepperl and Fuchs SE 
• Exhibit 158: Pepperl and Fuchs SE - Overview
• Exhibit 159: Pepperl and Fuchs SE - Product / Service
• Exhibit 160: Pepperl and Fuchs SE - Key offerings

• 12.14 Rockwell Automation Inc. 
• Exhibit 161: Rockwell Automation Inc. - Overview
• Exhibit 162: Rockwell Automation Inc. - Business segments
• Exhibit 163: Rockwell Automation Inc. - Key news
• Exhibit 164: Rockwell Automation Inc. - Key offerings
• Exhibit 165: Rockwell Automation Inc. - Segment focus

• 12.15 Siemens AG 
• Exhibit 166: Siemens AG - Overview
• Exhibit 167: Siemens AG - Business segments
• Exhibit 168: Siemens AG - Key news
• Exhibit 169: Siemens AG - Key offerings
• Exhibit 170: Siemens AG - Segment focus

• 12.16 TE Connectivity Ltd. 
• Exhibit 171: TE Connectivity Ltd. - Overview
• Exhibit 172: TE Connectivity Ltd. - Business segments
• Exhibit 173: TE Connectivity Ltd. - Key offerings
• Exhibit 174: TE Connectivity Ltd. - Segment focus

• 12.17 WAGO GmbH and Co. KG 
• Exhibit 175: WAGO GmbH and Co. KG - Overview
• Exhibit 176: WAGO GmbH and Co. KG - Product / Service
• Exhibit 177: WAGO GmbH and Co. KG - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 178: Inclusions checklist
• Exhibit 179: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 180: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 181: Research methodology
• Exhibit 182: Validation techniques employed for market sizing
• Exhibit 183: Information sources

• 13.5 List of abbreviations 
• Exhibit 184: List of abbreviations

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