Global Industrial Signal Converter Market 2017-2021

Overview of the global industrial signal converter market

Research analysis on the global industrial signal converter market identifies increased applications in low-powered signal and data conversion systems will be one of the major factors that will have a positive impact on the growth of the market. The growing demand for energy-efficient devices owing to the increasing cost of energy. The electronic devices range from portable devices such as laptops and tablets to non-portable ones such as heavy-duty equipment and machineries. The increasing Industrial Internet of Things (IIoT)-based applications which includes wearables in industries, constitutes of high demand for low-power consuming signal and data conversion systems. Technavio’s market research analysts predict that this market will regiter a revenue of almost USD 540 million by 2021.

The emergence of new types of data conversion systems will be one of the latest trends that will gain traction in the industrial signal converter market during the next four years. The increasing cloud-based system in industries not only provide locational and time flexibility it also lower cost when used as cloud-as-a-service. Additionally, the Wi-Fi-based data acquisition system provide real-time data.

Competitive landscape and key vendors

The presence of several large and small-scale vendors, this market appears to be highly fragmented. The vendors are trying to differentiate their products by offering low power signal conversion systems. Additionally, vendors are also offering high-speed signal converters that can support signals with bandwidths in the range of GHz.

The leading vendors in the market are -

• ABB
• Emerson Electric
• General Electric
• Schneider Electric
• Siemens

The other prominent vendors in the market are Dwyer Instruments, Honeywell International, OMRON, Pepperl+Fuchs, and PHOENIX CONTACT.

Segmentation by end-user and analysis of the industrial signal converter market

• Water and wastewater treatment industry
• Mining industry
• Power industry
• Oil and gas industry

During 2016, the water and wastewater treatment industry segment accounted for the major shares of this market. These signal converters are used in measuring volumetric flow rate and other variables which includes temperature and pressure in the industry. The segment is attracting new investments due to established new infrastructure and restructuring of the existing ones to obtain high-quality water.

Geographical segmentation and analysis of the industrial signal converter market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. The increasing demand from power, oil and gas, automotive, and food and beverages industries will primarily drive industrial signal converter market in the Americas during the forecast period. Additionally, the initiation from the government of US and Canada have introduced programs to renovate and revive aging water and wastewater treatment facilities.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial signal converter market?
• What are the key market trends impacting the growth of the global industrial signal converter market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial signal converter market?
• What are the market opportunities and threats faced by the vendors in the global industrial signal converter market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial signal converter market?

Technavio also offers customization on reports based on specific client requirement.