Industrial I/O Modules Market Analysis and Forecast up to 2027

Industrial I/O Modules Market Introduction

• Industrial I/O modules are devices associated with field devices such as actuators, drives, and sensors with controllers, including distributed control systems (DCS), programmable logic controllers (PLC), and industrial PCs.
• The I/O modules are used to convert field signals into information and forward it to the controller.

Industrial I/O Modules Market Dynamics

• Rapidly growing developments in power grid projects across the world has prompted the growth of the industrial I/O modules market.
• Significant expansion of power grid projects is expected to encourage the adoption of industrial I/O modules in power generation, distribution, and transmission.
• Several benefits are associated with usage of smart grids. These include reduced number of transformer failures, and management of peak load and outage. These benefits encourage the deployment of industrial I/O modules in the existing systems.
• Emergence of fuzzy logic modules in programmable controllers is another key trend driving the growth of the industrial I/O modules market. Fuzzy logic modules help to bridge the gap between analog and discrete decision making functions of PLCs (programmable logic controllers). Thus, fuzzy logic modules are increasingly being adopted by end-users as a critical part of modern programmable controllers. Therefore, PLCs incorporated with fuzzy logic modules encourage the systems to acknowledge temperature readings within a specific range.

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Industrial I/O Modules Market: Segmentation Analysis

• Based on product, the industrial I/O modules market can be segmented into PLC I/O (programmable logic controller I/O), DCS I/O (distributed control system I/O), and industrial PC I/O.
• PLC I/O segment accounted for major share of the market in 2018 and is expected to retain its leading position in the market over the forecast period. This is attributable to the rising standard of industrial production and increasing level of embedded processing and connectivity on I/O modules.
• Based on end-user, the industrial I/O modules market can be bifurcated into process industry and discrete industry.

Key Manufacturers Operating in the Market

The global industrial I/O modules market was moderately fragmented in 2018, with the presence of many established market players who occupy prominent market share. These vendors focus on advanced technologies to offer a wide product portfolio to meet the changing needs of end-users, creating a competitive environment in the industrial I/O modules market. Key manufacturers operating in the global market are:

• ABB
• Emerson Electric Co.
• General Electric Company
• Mitsubishi Electric Corporation
• Rockwell Automation, Inc.
• Siemens AG

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