Industrial Media Converters Market by End-user and Geography - Forecast and Analysis 2021-2025

The industrial media converters' market share is expected to increase by USD 67.32 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.59%.

This industrial media converters market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial media converters' market segmentation by end-user (process industry and discrete industry) and geography (North America, Europe, APAC, MEA, and South America). The industrial media converters market report also offers information on several market vendors, including Advantech Co. Ltd., Aegis Logistics Ltd., Antaira Technologies LLC, Beijer Electronics Group AB, Belden Inc., Infinite Electronics Inc., Moxa Inc., Phoenix Contact GmbH and Co. KG, Siemens AG, and Volktek Corp. among others.

What will the Industrial Media Converters Market Size be During the Forecast Period?

Download Report Sample to Unlock the Industrial Media Converters Market Size for the Forecast Period and Other Important Statistics

 

Industrial Media Converters Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The ease of installation in existing cabling infrastructure is notably driving the industrial media converters market growth, although factors such as regular maintenance requirements for fiber optics may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial media converters industry. The holistic analysis of the drivers will help deduce end goals and refine marketing strategies to gain a competitive edge.

Key Industrial Media Converters Market Driver

Ease of installation in existing cabling infrastructure is one of the major drivers impacting the industrial media converters market growth. The major drawback of using twisted pair wiring is its limited transmission distance of 100 meters. This challenge can be resolved using fiber optics as fiber cables are efficient in data transmission over longer distances, besides being economical when compared with copper wire. However, the complete replacement of network cables from copper wires to fiber cables proves difficult and leads to high capital expenditure. As copper wires are easy to install, most process and discrete industries have a large installed base of copper wiring. Additionally, switching from copper to fiber requires industrial operators to replace the expensive equipment that has copper ports. The use of a media converter helps in the easy transition of media types and extension of the LAN using fiber optic cables in the existing infrastructure. The use of single-mode optical fiber can increase the reach to up to 130 km.

Key Industrial Media Converters Market Trend

The increasing need for monitoring media converters is one of the major trends influencing the industrial media converters market growth. The continuous monitoring system eases the diagnosis of problems as even minor faults such as the loss of fiber strands or link loss can be monitored. The high-speed data connectivity between the factory and service providers has increased the need for monitoring the network for service providers and plant operators. Instead of having an SNMP management entity at both ends, a managed optical converter or optical demarcation module can be deployed at one end. It is mostly used by network administrators to manage network performance, detect and correct network problems, and collect network statistics. Similarly, Advantech provides the iMcV-FiberLinX-II, which can be installed at an industrial LAN edge for managing the uplink fiber port, remotely managing industrial equipment, and providing alerts during long-hauls by providing statistics related to data traffic. End-to-end integrity is maintained as the host data traffic is not visible to the industrial network, nor is access to the customer network required. Using optical demarcation modules can help in monitoring the network systems and reducing faults in them.

Key Industrial Media Converters Market Challenge

The regular maintenance requirement for fiber optics is one of the major challenges impeding the industrial media converters market growth. Though fiber optics are being increasingly used in industrial applications for transferring data across a long distance, they require timely maintenance. As fiber optics are made of glass, twisting and bending the wires may break the glass strands. Additionally, the installation process is difficult in comparison to UTP cables, as fiber optic cables cannot be spliced easily and usually get damaged during the installation and network construction activity. Though the cost for fiber optic cables has decreased, the maintenance cost is increasing as special equipment is required to monitor the fiber optics network, such as optical time-domain reflectometry (OTDR), optical probes, and power meters for testing the fiber network. Even though media converters provide features such as link fault pass (LFP) functions that alert when one side of the link fails, additional testing devices for monitoring fiber optical cables are required. Therefore, the complexity of the maintenance of fiber optics is high, which acts as a challenge for the growth of the global industrial media converters market.

This industrial media converters market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global industrial media converters market as a part of the global electrical components and equipment market within the global electrical equipment. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial media converters market during the forecast period.

Who are the Major Industrial Media Converters Market Vendors?

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

 

• Advantech Co. Ltd.
• Aegis Logistics Ltd.
• Antaira Technologies LLC
• Beijer Electronics Group AB
• Belden Inc.
• Infinite Electronics Inc.
• Moxa Inc.
• Phoenix Contact GmbH and Co. KG
• Siemens AG
• Volktek Corp.

 

This statistical study of the industrial media converters market encompasses successful business strategies deployed by the key vendors. The industrial media converters market is fragmented and the vendors are deploying growth strategies such as focusing on easy access to fast-growing markets such as owing to the rising industrialization by southeast Asian countries to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial media converters market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.

Industrial Media Converters Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial media converters market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of electrical components and equipment includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Industrial Media Converters Market?

For more insights on the market share of various regions Request PDF Sample now!

31% of the market's growth will originate from Europe during the forecast period. Germany and Russian Federation are the key markets for the industrial media converters market in Europe. Market growth in this region will be faster than the growth of the market in other regions.

The gradual shift from conventional sources of energy generation to renewable sources will facilitate the industrial media converters market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

Factors such as COVID-19-related lockdowns, social distancing norms, and financial distress are causing customers to refrain from car purchasing. Moreover, various automobile manufacturing facilities faced temporary closures during stringent lockdowns imposition in the region in 2020, which in turn led to a decline in demand for communication equipment, such as industrial media convertors. However, with the advent of COVID-19 vaccines in the region by the end of 2020, there has been a rise in manufacturing activities in the region. Moreover, the rising investment in the automotive industry has fueled the demand for industrial media converters in 2021. For instance, in July 2021, Rivian Automotive announced its plan to open its second assembly plant in the US. The plant will produce both electric vehicles and battery cells. Such trends are expected to boost the growth of the market in focus in North America during the forecast period.

What are the Revenue-generating End User Segments in the Industrial Media Converters Market?

To gain further insights on the market contribution of various segments Request PDF Sample

The industrial media converters' market share growth by the process industries segment will be significant during the forecast period. Process industries have increased the adoption of wireless devices. Media converters facilitate the process of communication and data flows in the process industry. As automated devices aid industrial operators in reducing the cost to gain a competitive advantage, the increasing popularity of automated devices and the need for high-speed ethernet connectivity are expected to increase the demand for media converters.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial media converters' market size and actionable market insights on post COVID-19 impact on each segment.

 

Industrial Media Converters Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 4.59%
Market growth 2021-2025	$ 67.32 million
Market structure	Fragmented
YoY growth (%)	2.12
Regional analysis	North America, Europe, APAC, MEA, and South America
Performing market contribution	Europe at 31%
Key consumer countries	US, Canada, China, Germany, and Russian Federation
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Advantech Co. Ltd., Aegis Logistics Ltd., Antaira Technologies LLC, Beijer Electronics Group AB, Belden Inc., Infinite Electronics Inc., Moxa Inc., Phoenix Contact GmbH and Co. KG, Siemens AG, and Volktek Corp.
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.

Request PDF sample

What are the Key Data Covered in this Industrial Media Converters Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive industrial media converters market growth during the next five years
• Precise estimation of the industrial media converters market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the industrial media converters industry across North America, Europe, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of industrial media converters market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch