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DATE
JUL 2022
TABLES
51
PAGES
278
EDITION
9
PRICE
USD 4950
CODE
MCP14400
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HIGHLIGHTS & REPORT INDEX
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Global Remote Input Output Modules Market to Reach $3.6 Billion by 2026
Remote I/O modules are designed to monitor and control process signals such as mA, volts, temperature, and digital signals. Growth in the global market is set to be driven by a host of factors including increasing investments in next-generation smart grids, rise in investment in industrial automation, increase in adoption of smart agriculture, greater usage of open-source software for remote I/O modules` programming and increased use of Ethernet-based remote I/O modules in discreet and process automation. Companies are also working on designing modules with higher bandwidths than available at present. The main aim is to design I/O modules with bandwidths that can be upgraded as and when the need arises in the future with help of a simple firmware change. The popularity of remote I/O modules can be attributed to the benefits they provide by easing the work at sites that not only span long distances but also employ large machines. The technology can help reduce the overall costs, due to reduced wiring and cabinets cost, proving to be beneficial particularly for offshore or remote locations where cost of installation is quite high. Besides, substantial cost savings, project flexibility is a major benefit with ease of scheduling and minimization of risk.
Amid the COVID-19 crisis, the global market for Remote Input Output Modules estimated at US$2.9 Billion in the year 2022, is projected to reach a revised size of US$3.6 Billion by 2026, growing at a CAGR of 5.1% over the analysis period. PLC-based, one of the segments analyzed in the report, is projected to grow at a 5.4% CAGR to reach US$2.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the DCS-Based segment is readjusted to a revised 4.8% CAGR for the next 7-year period. This segment currently accounts for a 35.9% share of the global Remote Input Output Modules market. The PLC-based segment is gaining from advanced communication, computing structure and I/O infrastructure along with implementation of supervision, control and monitoring applications. Remote I/O modules present suitable options for PLCs intended to control and monitor external signals or data from a distance. The installation of remote I/O modules in proximity to devices such as sensors allows users to reduce the signal-to-noise ratio and cabling costs. A distributed control system (DCS) is a control system for a process plant for controlling many autonomous controllers that are distributed throughout the system. DCS is found in many industrial fields such as chemical plants, oil and gas industries, food processing units, nuclear power plants, water management systems, and automobile industries among others.
The U.S. Market is Estimated at $808.7 Million in 2022, While China is Forecast to Reach $422.1 Million by 2026
The Remote Input Output Modules market in the U.S. is estimated at US$808.7 Million in the year 2022. The country currently accounts for a 28.02% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$422.1 Million in the year 2026 trailing a CAGR of 6.5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 4.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR while Rest of European market (as defined in the study) will reach US$450.3 Million by the end of the analysis period.
Industrial PC-based Segment to Reach $218.3 Million by 2026
The ruggedized industrial grade PC-based I/O modules is designed to meet the demanding specifications in industrial environments as well as to provide local processing. The PC-based control allows automation of industrial machinery, testing and processing among others. Providing connection through a USB, these modules are true plug & play model that eliminate the need to open up the computer chassis for installation of boards. In the global Industrial PC-based segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$131.6 Million will reach a projected size of US$176.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$35.7 Million by the year 2026.
SELECT PLAYERS
ABB Ltd; Acromag; Advantech Co., Ltd.; Azbil Corporation; B&R Industrial Automation GmbH; Beckhoff Automation LLC; Eaton Corporation; Emerson Electric Co.; Festo AG & Co. KG; General Electric Company; Hitachi, Ltd.; IDEC Corporation; Mitsubishi Electric Corporation; National Instruments Corporation; OMRON Corporation; Pepperl+Fuchs; Rockwell Automation, Inc.; Siemens AG; Turck, Inc.; WAGO Kontakttechnik GmbH & Co. KG; Yokogawa Corporation of America
SEGMENTS
» Controller Type (PLC-based, DCS-based, Industrial PC-based)
GEOGRAPHIES
» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World
TABLE OF CONTENTS
I. METHODOLOGY |
II. EXECUTIVE SUMMARY |
1. MARKET OVERVIEW |
Influencer Market Insights |
World Market Trajectories |
Impact of Covid-19 and a Looming Global Recession |
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021 |
Slowdown in Automation Investments Impacts Business Opportunities for Remote I/O Modules |
EXHIBIT: Percentage Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020 |
Remote Input Output Modules – Global Key Competitors Percentage Market Share in 2022 (E) |
Remote Input/Output Modules: A Prelude |
Working Principle & Benefits |
Key Components & Installation of Remote I/O Modules |
Insights into I/O Systems |
Leveraging Remote I/O |
Types of Remote I/O Modules |
Outlook |
PLC-based Remote I/O Category Holds the Largest Revenue Share |
Competition |
EXHIBIT: Market Share of Leading Players in the Global Remote I/O Modules Market: 2020 |
RECENT MARKET ACTIVITY |
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E) |
2. FOCUS ON SELECT PLAYERS |
3. MARKET TRENDS & DRIVERS |
Growing Deployments of Smart Grids: A Strong Business Case for Remote I/O Modules |
EXHIBIT: Global Market for Smart Grids (in US$ Billion) for the Years 2017, 2019, 2021 & 2023 |
Industrial Automation Trend in Multiple Industries & the Need for Remote Monitoring of Industrial Processes Support Growth |
EXHIBIT: Global Industrial Automation Market (in US$ Billion) for the Years 2019, 2022, 2024 and 2026 |
Sophisticated I/O Systems to Pave Way for IIoT-Powered Automation Systems |
EXHIBIT: World Industry 4.0 Investments (in US$ Billion) for Years 2019, 2021, & 2023 |
Computer Networking of Remote I/O Devices Allows Cost-Efficient Expansion & Upgrade of Existing Systems |
Advent of Advanced I/O Systems |
Remote I/O Space Witnesses Flurry of Compact & Efficient Solutions with High Smartness Quotient |
High-Density I/O |
Customized I/O Systems |
Remote I/O for Local Control |
Rise in Wireless I/O Modules with Cloud Connectivity |
Rise in Use of Open-Source Software for Programming Remote I/O Modules |
Rising Demand for Ethernet-Connected Devices and the Ensuing Increase in POE Solutions Augurs well for Market Growth |
Water Treatment Systems and Wastewater Treatment Projects Drive Demand |
EXHIBIT: World Fresh Water Resources: Percentage Breakdown by Sources of Fresh Water |
EXHIBIT: Percentage of Contaminated Water in Drinking Water Supplies in Africa, Asia, and Latin America and Caribbean |
Smart Connected Homes and Buildings Boost Prospects for Remote I/O Modules |
EXHIBIT: Global Smart Homes Market (In US$ Billion) for the Years 2019, 2021, 2023 & 2025 |
Growing Focus on Optimization of Costs to Accelerate Demand |
Agriculture Industry Accelerates Advanced Technologies Adoption amid the Pandemic |
Advantages of Using IoT in Agriculture |
EXHIBIT 2: World Smart Agriculture Market by Agriculture Type (2020 & 2027): Percentage Breakdown of Revenues for Precision Farming, Livestock Monitoring, Fish Farming, Smart Greenhouse, and Other Agriculture Types |
4. GLOBAL MARKET PERSPECTIVE |
World Recent Past, Current & Future Analysis for Remote Input Output Modules by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR |
World Historic Review for Remote Input Output Modules by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
World 15-Year Perspective for Remote Input Output Modules by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2012, 2021 & 2027 |
World Recent Past, Current & Future Analysis for PLC-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR |
World Historic Review for PLC-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
World 15-Year Perspective for PLC-based by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027 |
World Recent Past, Current & Future Analysis for DCS-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR |
World Historic Review for DCS-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
World 15-Year Perspective for DCS-based by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027 |
World Recent Past, Current & Future Analysis for Industrial PC-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR |
World Historic Review for Industrial PC-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
World 15-Year Perspective for Industrial PC-based by Geographic Region - Percentage Breakdown of Value Revenues for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2012, 2021 & 2027 |
III. MARKET ANALYSIS |
UNITED STATES |
Remote Input Output Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E) |
USA Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
USA Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
USA 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
CANADA |
Canada Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Canada Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
Canada 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
JAPAN |
Remote Input Output Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E) |
Japan Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Japan Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
Japan 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
CHINA |
Remote Input Output Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E) |
China Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
China Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
China 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
EUROPE |
Remote Input Output Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E) |
Europe Recent Past, Current & Future Analysis for Remote Input Output Modules by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR |
Europe Historic Review for Remote Input Output Modules by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
Europe 15-Year Perspective for Remote Input Output Modules by Geographic Region - Percentage Breakdown of Value Revenues for France, Germany, Italy, UK and Rest of Europe Markets for Years 2012, 2021 & 2027 |
Europe Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Europe Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
Europe 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
FRANCE |
Remote Input Output Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E) |
France Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
France Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
France 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
GERMANY |
Remote Input Output Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E) |
Germany Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Germany Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
Germany 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
ITALY |
Italy Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Italy Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
Italy 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
UNITED KINGDOM |
Remote Input Output Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E) |
UK Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
UK Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
UK 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
REST OF EUROPE |
Rest of Europe Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Rest of Europe Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
Rest of Europe 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
ASIA-PACIFIC |
Remote Input Output Modules Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E) |
Asia-Pacific Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Asia-Pacific Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
Asia-Pacific 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
REST OF WORLD |
Rest of World Recent Past, Current & Future Analysis for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based - Independent Analysis of Annual Revenues in US$ Thousand for the Years 2020 through 2027 and % CAGR |
Rest of World Historic Review for Remote Input Output Modules by Controller Type - PLC-based, DCS-based and Industrial PC-based Markets - Independent Analysis of Annual Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR |
Rest of World 15-Year Perspective for Remote Input Output Modules by Controller Type - Percentage Breakdown of Value Revenues for PLC-based, DCS-based and Industrial PC-based for the Years 2012, 2021 & 2027 |
IV. COMPETITION |
Total Companies Profiled: 78 |
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