Global I/O modules market is expected to witness lucrative growth over the coming six years. The increasing demand for safe I/O modules, stringent government, and industrial safety standards for usage and rising demand for reduced wiring cost are the drivers contributing to the market growth. In addition, reduced start-up machine time and small sizes devices for easy handling also anticipate the demand for the global I/O module market.
The various technological advancements, variable designs, and adoption of Ethernet I/O modules are also the factors leading to the market growth. Furthermore, industrial Internet of Things (a network of physical objects such as buildings, devices, and vehicles which facilitate these objects to collect and exchange data.) also drives the market growth. The increasing trend towards automation, internet of things, digitalization and virtualization of the plant, remote asset management, and energy management are increasing the demand for controlling and measuring of modules.
The new safety I/O modules offers the advantages of traditional distributed I/O safety systems. These new modules help in the easier control and monitor the devices safely. Also, it detects failure of modules at the field device levels and at I/O levels and, enhance the operator protection. The Lumberg Automation Company has introduced its new safety I/O module named as LioN-Link. It allows the safety-related outputs and do not require any additional terminal box, unlike other I/O systems. This device saves time and money of the users. Hence, making the device cost-effective and user-friendly.
The major trend of the global I/O module market is the introduction of high-speed I/O modules coupled with high-speed Ethernet-based networks so as to work efficiently. The growth of the market is also dependent on the growth of automation controller market. An Increasing number of manufacturing companies for automation controller increases the need for I/O modules.
The market is classified on the basis of types into a digital module, analog module, power supply & chassis, network adaptor and intelligent I/O. On the basis of application, it is segmented into automobile industry, healthcare, energy & power, manufacturing industries and transportation industry. Among these applications, the automobile industry is estimated to hold the largest segment due to the dependency of modules on the automation controller market.
On the basis of region, the market is categorized into North America, the Middle East and Africa, Asia-Pacific, Europe and Latin America. North America is anticipated to dominate the market owing to the increasing demand for the automobile industry, a large number of well-established manufacturing companies and technological advancement in modules.Asia-Pacific is estimated to witness the fastest growth over the decade. In developing countries such as India and China, the rising per capita income of people, growing IT infrastructures and increasing demand in various verticals support the growth of market in this region.
The key participants include Honeywell International Inc., Mitsubishi Electric Corp., Advantech LNC Co. Ltd., Red Lion Controls, GE Co., Invensys PLC, Omron Corp., Schneider Electric SA and Rockwell Automation Inc. Other participants are ABB Ltd., Siemens AG, Bihl+Wiedemann GmbH, Lumberg Automation, Newtech Engineering, Mouser Electronics and Yokogawa Electric Corp.The participants are anticipated to expand their product portfolio in order to increase their market share and competitive advantage. In addition, strong product pipeline in this field is expected to fuel the future growth of market over the forecast period.
A manufacturing company Advantech LNC Co. Ltd., has launched a new product named as WISE-4012, in March 2016. The product is a wireless Ethernet I/O module in which the deployment is very easy due to the infinite number of I/O modules can be used to collect the data from any other party analog sensor and connect to an already existing network. It is integrated with analog and digital input in the same channel. It makes the data more readable for further data analysis. The pipeline product by this company includes WISE-4051.
Another company, Red Lion Controls Inc. is the global provider in monitoring, communication, and control for industrial automation networking. The company on February 9, 2016, had announced the availability of its new E3I/O module platform. The platform provides powerful networking and reliable remote monitoring and control capabilities for severe industrial environments. This platform uses Crimson 3.0 software which enhances the networking capabilities of the module.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of I/O Module in these regions, from 2013 to 2025 (forecast), covering
• United States
• South Korea
Global I/O Module market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• TE Connectivity
• VIA Technologies
• ACCES I/O Product
• Belden Deutschland GmbH
• IDEC Corporation
• Omron Automation
• Microchip Technology Inc.
• Schneider Electric
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Control Equipment
• Alarm Equipment
Research Support Specialist, USA