Global Industrial Communication Market was valued at US$ 79.2 Bn in 2017 and is expected to reach US$ 237.60 Bn by 2026, at a CAGR of 14.72% during a forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding industrial communication market dynamics, structure by identifying and analysing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the industrial communication market.
REQUEST FOR FREE SAMPLE REPORT: https://www.maximizemarketresearch.com/market-report/global-industrial-communication-market/26940/#requestforsample
The communications among devices are carried out through the use of different industrial communications protocols. A communication protocol is a set of rules that permit the transfer and exchange of data between the devices to communicate. The industrial communication increases productivity, efficiency, and accuracy.
The industrial communication market grows gradually in the last few years because of growing adoption of industrial internet of things. The industrial internet of things links different infrastructure and shrinks operating costs thus it helps to boost the growth of industrial communication market. Similarly, varied adoption of the machine to machine (M2M) solutions for controlling power grid communications and remote monitoring of smart meters has contributed to the progress of industrial communication market. However, lack of standardization among equipment manufacturers and different standards adopted by various equipment manufacturers is hampering the data collection and information producing process these factors acting as restrains to the growth of the global industrial communication market.
The factors which challenge to the growth of the industrial communication market are fears related to cybersecurity and strict field sites conditions like high-voltage transients, severe shocks and vibrations, and extremely high temperatures. In the global industrial communication, the market is expected to generate various opportunities owing to the rising adoption of industrial internet of things and growing demand for wireless networks.
In 2018 the automotive and transportation end-user industry held the largest share of the global industrial communication market among the other end-user industries and this industry is a major contributor to the whole industrial communication market. The growing number of automotive and transportation manufacturing centers in the world constructing advanced automation techniques for production is anticipated to lift the demand for industrial communication market in the future. Water and wastewater application are projected to grow rapidly in the forecast period. Water level monitoring sensors, AC drives, and controllers are key components of the water treatment systems.
The wireless communication has many advantages over wired communications. The wireless connections have increased uses in many industrial applications from the last few years because of that as a result of improved network coverage, quality of transmission, and bandwidth capacity. The growth of the wireless connection is increasing due to the advancements in wireless communication technologies, especially in the wireless road addressable remote transducer, and cellular, and wireless local area network.
The manufacturing sector in the countries of the Asia Pacific like China, Japan, and South Korea is anticipated to contribute to the development of the industrial communication market in this region during the forecast period. The manufacturing companies in the Asia Pacific widely adopt smart factory concept for implementing innovative manufacturing technologies on the factory floor. China is a global manufacturing center for semiconductor and automotive manufacturers. Promptly rising automotive industry in China is probably to make opportunities for the industrial communication market players in this country. Also, the rising approval of Industrial Revolution 4.0 in the Asia Pacific is a key factor pouring the growth of the industrial communication market in this region.
Do Inquiry Before Purchasing Report Here: https://www.maximizemarketresearch.com/market-report/global-industrial-communication-market/26940/#inquiry
Scope of the Global Industrial Communication Market
Global Industrial Communication Market by Offering
Global Industrial Communication Market by Communication Protocol
• Industrial Ethernet
Global Industrial Communication Market by End-Use Application
• Food & Beverages
• Automotive and Transportation
• Oil & Gas
• Aerospace & Defense
• Others (Electrical and Electronics, Chemicals and Fertilizers, Pharmaceutical, Energy & Power, Mining, and Water and Wastewater)
Global Industrial Communication Market by Geography
• North America
• Middle East & Africa
• South America
Key Players operating in the Global Industrial Communication Market
• Sick AG
• Schneider Electric
• Belden Inc.
• Moxa Inc.
• Rockwell Automation
• GE Grid Solutions, LLC
• Cisco Systems
• Hms Industrial Networks
• Ifm Electronic GmbH
MAJOR TOC OF THE REPORT
Chapter One: Industrial Communication Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Industrial Communication Market Competition, by Players
Chapter Four: Global Industrial Communication Market Size by Regions
Chapter Five: North America Industrial Communication Revenue by Countries
Chapter Six: Europe Industrial Communication Revenue by Countries
Chapter Seven: Asia-Pacific Industrial Communication Revenue by Countries
Chapter Eight: South America Industrial Communication Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Industrial Communication by Countries
Chapter Ten: Global Industrial Communication Market Segment by Type
Chapter Eleven: Global Industrial Communication Market Segment by Application
Chapter Twelve: Global Industrial Communication Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Industrial Communication Market Report at: https://www.maximizemarketresearch.com/market-report/global-industrial-communication-market/26940/
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: [email protected]
Contact: +91 20 6630 3320/ +919607065656/ +919607195908