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

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR44472
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The industrial media converters market has the potential to grow by USD 67.32 million during 2021-2025, 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 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 in 2021?

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Industrial Media Converters Market: Key Drivers and Trends

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 in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving the growth of the industrial media converters market is the ease of installation in the existing cabling infrastructure.
  • Fiber optic cables are efficient in data transmission over longer distances, besides being economical when compared with copper wire.
  • The complete replacement of network cables from copper wires to fiber cables will require high capital expenditure.
  • Media converters provide viable solutions for converting media and extending the networking capabilities within the current network infrastructure.
  • The ability to resist electromagnetic interference is another key factor supporting the industrial media converters market share growth.
  • As the speed of communication increases, the industrial application demands a robust network system that can react to the traffic and send the required information.
  • As media converters can convert data while not being affected by the EMI and they can support a speed of up to 10 Gbps.
  • In the oil and gas industry and utility industry witness high electromagnetic interference, it becomes essential to adopt media converters.

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.

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 China, India, and other Southeast Asian countries owing to the rising industrialization 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 production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Industrial Media Converters Market?

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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.

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

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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.

 

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What are the Key Factors 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

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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

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 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.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Process industry - Market size and forecast 2020-2025
    • Discrete industry - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The industrial media converters market growth will increase by $73.24 million during 2019-2024.
      The industrial media converters market is expected to grow at a CAGR of 4.81% during 2019-2024.
      Technavio has segmented the industrial media converters market by end user (Process industry and Discrete industry) and geographic (North America, Europe, APAC, MEA, and South America).
      Advantech Co. Ltd., Antaira Technologies LLC, Beijer Electronics Group AB, Belden Inc., Black Box Corp., Infinite Electronics Inc., Moxa Inc., Siemens AG, United Technologies Corp., Volktek Corp. are a few of the key vendors in the industrial media converters market.
      Europe will register the highest growth rate of 30.67% among the other regions. Therefore, the industrial media converters market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Canada
      • China
      • Germany
      • Russian Federation
      The key factors driving the industrial media converters market growth are:
      • Ease of installation in existing cabling infrastructure
      • Increasing need for monitoring media converters
      The industrial media converters market vendors should focus on grabbing business opportunities from the process industry segment as it accounted for the largest market share in the base year.
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