Global I/O Modules Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-29 04:19:02
The Global I/O Modules market is to grow at a CAGR of 7.91 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growth of manufacturing industries. The Global I/O Modules market has also been witnessing the adoption of Ethernet I/O modules. However, the high dependency on the Automation Controller market could pose a challenge to the growth of this market.
The introduction of high-speed I/O modules is a new trend in the Global I/O Modules market. There are various reasons why most end-users would prefer high-speed I/O modules. Essentially, network response time has been greatly improved since the introduction of high-speed Ethernet-based networks. However, no changes were made to upgrade I/O modules. As a result, a high-speed Ethernet-based network was not achieved in practice because an I/O module bottleneck was present. Therefore high-speed I/O modules have been developed to overcome this bottleneck and to work efficiently with high-speed Ethernet-based networks. Moreover, many latest machine applications demand a faster response time which is possible only with high-speed I/O modules.
One of the major drivers in the market is the growth of the manufacturing industries. The recovery of manufacturing industries, especially in Germany and China has increased the need for PLCs and consequently I/O modules.
The Global I/O Modules market generates a large portion of its revenue from PLCs, but the demand for PLCs was adversely affected during the global recession of 2008-2009, resulting in a decline in the sales of I/O modules. However, the Global Automation Controller market has started to grow since 2010 due to the emergence of manufacturing industries across the globe, which in turn has had a positive impact on the Global I/O Modules market. Thus, the growth of the Global I/O Modules market is highly dependent on the growth of the Global Automation Controller market.
The key vendors dominating this space include ABB Ltd., Honeywell International Inc., Rockwell Automation Inc., and Siemens AG. The other vendors mentioned in the report are GE Co., Invensys plc, Mitsubishi Electric Corp., Omron Corp., Schneider Electric SA, and Yokogawa Electric Corp.
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