Global Intelligent I/O Modules Market 2017-2021

Overview of the global intelligent I/O modules market

Market research analysts at Technavio predict that the global intelligent I/O modules market will grow steadily at a CAGR of over 6% by 2021. This market research analysis identifies the adoption of smart grid technology by the power industry as one of the primary growth factors for this market. Smart grid technology is basically used to detect and react to the local changes across the electricity supply network using digital communications technology. To reduce power outages and CO2 emissions, governments of countries such as the US have already focusing on the adoption of smart grid technology. This will lead to the increased usage of intelligent I/O modules, which will subsequently drive the growth of the intelligent I/O modules market.

The increasing use of wireless intelligent I/O modules with cloud connectivity is one of the latest trends that will gain traction in the intelligent I/O modules market in the coming years. To ensure the ease of interoperability between field devices, wireless intelligent I/O modules are equipped with high-speed data transfer standards set by the Institute of Electrical and Electronics Engineers (IEEE). Additionally, these modules also reduce cabling costs and enable easier deployment as they can collect information from third-party sensors and connect to the existing network.

Competitive landscape and key vendors

The intelligent I/O modules market is fragmented with the presence of several local, regional, and international players. The lack of product differentiation in the intelligent I/O modules makes the competition intense among companies. The vendors mainly focus on developing products specific to the industry as these modules are used for special purposes.

The leading vendors in the market are -

• ABB
• Advantech Corporation
• Bihl+Wiedemann
• Rockwell Automation
• Siemens

The other prominent vendors in the market include Acromag, Beckhoff Automation, Eaton, Festo, GE, Mitsubishi Electric, OMRON, Turck Automation, WAGO, and Yokogawa.

Segmentation by end-user and analysis of the intelligent I/O modules market

• Power industry
• Water and wastewater industry
• Automotive industry
• Food and beverages industry

During 2016, the power industry accounted for the major shares of this global market. The transition of traditional grid technology to smart grid technology in EMEA and the Americas is aiding the growth of this market segment. The rising focus of countries such as Malaysia, Japan, Thailand, Singapore, China, and South Korea towards the deployment of smart grids due to the increasing usage of electricity is also contributing to the growth of this industry segment.

Geographical segmentation and analysis of the intelligent I/O modules market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the market by 2021. The rising investments towards converting traditional grid technology to smart grid technology is a major factor driving the growth of the intelligent I/O modules market in this region.

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 intelligent I/O modules market?
• What are the key market trends impacting the growth of the global intelligent I/O modules market?
• What are the challenges to market growth?
• Who are the key vendors in the global intelligent I/O modules market?
• What are the market opportunities and threats faced by the vendors in the global intelligent I/O modules market?
• What are the 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 intelligent I/O modules market?

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

This upcoming research report on the global intelligent I/O modules market offers insights into the major trends and forthcoming drivers influencing the growth of the industrial automation industry. Our industry reports for the heavy industry also follow a scrupulous data collection methodology and offer an analysis of fast growing market segments like automation.  

By considering the market forecast and size, and following a comprehensive primary and secondary research methodology, the market research professionals at Technavio present an all-inclusive picture of the intelligent I/O modules market from 2017 to 2021. Furthermore, our research practices help clients develop impactful market growth strategies and keep pace with the continually changing market dynamics. This market research report also presents an extensive analysis of various products and services based on the insights from the information gathered from specific resources such as channel partners and market stakeholders.

This forthcoming market research report on the intelligent I/O modules market also covers vendors like Allen Bradley, Advantech, Rockwell Automation, and Bihl+Wiedemann GmbH?. According to our industry experts, the capability of intelligent modules to allocate various control tasks to intelligent I/O interfaces is expected to influence the global market during the next few years.

The upcoming industry research report for intelligent I/O modules market also categorizes the key drivers, prominent trends, as well as the imminent restraints that the automation sector currently experiences. It also presents insights into the rapidly changing competitive landscape to give clients a complete picture of the forthcoming events within the industrial automation industry. Technavio also provides deep-dive market assessments into the sectors such as robotics.