Fieldbus

Ethernet Test Equipment Market size to grow by USD 594.84 million from 2022 to 2027, Driven by the replacement of Fieldbus with industrial ethernet - Technavio

Retrieved on: 
Tuesday, November 28, 2023

The potential growth difference for the ethernet test equipment market between 2022 and 2027 is USD 594.84 million.

Key Points: 
  • The potential growth difference for the ethernet test equipment market between 2022 and 2027 is USD 594.84 million.
  • The replacement of Fieldbus with industrial ethernet is a key factor driving market growth.
  • In comparison to industrial ethernet, Fieldbus is designed for specific tasks across the relevant Local Clusters and isolates them from other High-Level Networks.
  • The Field-Programmable Gate Array (FPGA) Market size is estimated to grow at a CAGR of 7.81% between 2022 and 2027.

Omron Launches V460 Handheld Barcode Reader with Intelligent Lighting for Reading of Difficult Direct Part Marks and Labels

Retrieved on: 
Wednesday, November 8, 2023

HOFFMAN ESTATES, Ill., Nov. 8, 2023 /PRNewswire-PRWeb/ -- Leading automation solution provider, Omron Automation, launches its latest innovation for barcode reading technology for manufacturers in a variety of industries such as automotive, aerospace, life sciences, and logistics. This advanced barcode reader sets a new standard in reading all types of barcodes, including small labels and direct part marks on difficult surfaces.

Key Points: 
  • The new Omron handheld barcode reader provides an intelligent out-of-box reading experience to decode direct part marks and labels of a variety of sizes and distance, while seamlessly communicating to the most common PLC platforms.
  • This advanced barcode reader sets a new standard in reading all types of barcodes, including small labels and direct part marks on difficult surfaces.
  • Most industrial handheld barcode readers lack the ability to automatically adjust settings to instantly read different types of barcodes at different distances.
  • The V460 is equipped with patented intelligent lighting that allows the user to read any type of barcode with the automatic selection of high powered, multi-axis, multi-colored lighting.

The Industrial Communication Market size is expected to grow at a CAGR of 10.92% between 2023 and 2027 | The rising adoption of the Industrial Internet of Things (IIoT) boosts market growth.

Retrieved on: 
Thursday, August 10, 2023

The Global Industrial Communication Market is primarily driven by the widespread adoption of Industrial Internet of Things (IIoT) technology, which enables seamless data exchange among devices and enhances manufacturing processes.

Key Points: 
  • The Global Industrial Communication Market is primarily driven by the widespread adoption of Industrial Internet of Things (IIoT) technology, which enables seamless data exchange among devices and enhances manufacturing processes.
  • The integration of Fieldbus with IIoT further accelerates market growth by facilitating real-time data transmission, optimizing performance, and reducing operational costs.
  • This convergence of advanced technologies empowers industries to achieve higher efficiency and productivity, making IIoT a key driver shaping the future of industrial communication solutions.
  • The Global Industrial Communication Market is driven by the increasing adoption of IIoT technology, the integration of Fieldbus with IIoT, and the demand for efficient data communication within industrial settings.

Industrial Ethernet Market worth $15.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, January 17, 2023

CHICAGO, Jan. 17, 2023 /PRNewswire/ -- The industrial ethernet market is projected to grow from USD 11.0 billion in 2023 to USD 15.8 billion by 2028, registering a CAGR of 7.5% during the forecast period according to a new report by MarketsandMarkets™.

Key Points: 
  • CHICAGO, Jan. 17, 2023 /PRNewswire/ -- The industrial ethernet market is projected to grow from USD 11.0 billion in 2023 to USD 15.8 billion by 2028, registering a CAGR of 7.5% during the forecast period according to a new report by MarketsandMarkets™.
  • Growing popularity of smart automobiles and rising adoption of 5G are expected to fuel the growth of the industrial ethernet market.
  • These factors are collectively expected to boost the growth of the industrial ethernet market in China during the forecast period.
  • The report profiles key players in the industrial ethernet market and analyzes their market shares.

Industrial Ethernet Market worth $15.8 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, January 17, 2023

CHICAGO, Jan. 17, 2023 /PRNewswire/ -- The industrial ethernet market is projected to grow from USD 11.0 billion in 2023 to USD 15.8 billion by 2028, registering a CAGR of 7.5% during the forecast period according to a new report by MarketsandMarkets™.

Key Points: 
  • CHICAGO, Jan. 17, 2023 /PRNewswire/ -- The industrial ethernet market is projected to grow from USD 11.0 billion in 2023 to USD 15.8 billion by 2028, registering a CAGR of 7.5% during the forecast period according to a new report by MarketsandMarkets™.
  • Growing popularity of smart automobiles and rising adoption of 5G are expected to fuel the growth of the industrial ethernet market.
  • These factors are collectively expected to boost the growth of the industrial ethernet market in China during the forecast period.
  • The report profiles key players in the industrial ethernet market and analyzes their market shares.

Hazardous Area Equipment Market worth $14.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, December 14, 2022

Hazardous area cable glands & accessories is to account for the larger share of the hazardous area equipment market throughout the forecasted period.

Key Points: 
  • Hazardous area cable glands & accessories is to account for the larger share of the hazardous area equipment market throughout the forecasted period.
  • Hazardous area cable glands & accessories is to account for the larger share of the hazardous area equipment market throughout the forecasted period.
  • Hazardous area equipment market for oil & gas industry is accounted for the largest share through the forecasted period.
  • The fastest growth of the hazardous area equipment market in North America can be attributed to the growing opportunities for hazardous area equipment in industries such as oil & gas, food & beverage, and chemical & pharmaceutical.

Hazardous Area Equipment Market worth $14.1 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Wednesday, December 14, 2022

Hazardous area cable glands & accessories is to account for the larger share of the hazardous area equipment market throughout the forecasted period.

Key Points: 
  • Hazardous area cable glands & accessories is to account for the larger share of the hazardous area equipment market throughout the forecasted period.
  • Hazardous area cable glands & accessories is to account for the larger share of the hazardous area equipment market throughout the forecasted period.
  • Hazardous area equipment market for oil & gas industry is accounted for the largest share through the forecasted period.
  • The fastest growth of the hazardous area equipment market in North America can be attributed to the growing opportunities for hazardous area equipment in industries such as oil & gas, food & beverage, and chemical & pharmaceutical.

System Integrator Market for Industrial Automation worth $35.5 billion by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, November 29, 2022

The key factors contributing to the growth of system integrator market for industrial automation are ongoing growing instances of system integrators offering bundled products.

Key Points: 
  • The key factors contributing to the growth of system integrator market for industrial automation are ongoing growing instances of system integrators offering bundled products.
  • However, lack of skilled professionals is hindering the growth of system integrator market for industrial automation.
  • For the purpose of industrial automation, system integrators use hardware components such as PLCs, soft starters, switchgears, HMIs, and sensors (motion, laser, and infrared).
  • The system integrator market for industrial automation in the Asia Pacific is expected to grow at the highest CAGR during the forecast period.

System Integrator Market for Industrial Automation worth $35.5 billion by 2027 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Tuesday, November 29, 2022

The key factors contributing to the growth of system integrator market for industrial automation are ongoing growing instances of system integrators offering bundled products.

Key Points: 
  • The key factors contributing to the growth of system integrator market for industrial automation are ongoing growing instances of system integrators offering bundled products.
  • However, lack of skilled professionals is hindering the growth of system integrator market for industrial automation.
  • For the purpose of industrial automation, system integrators use hardware components such as PLCs, soft starters, switchgears, HMIs, and sensors (motion, laser, and infrared).
  • The system integrator market for industrial automation in the Asia Pacific is expected to grow at the highest CAGR during the forecast period.

Servo Motors and Drives Market by System, Communication Type, Voltage, Brake Technology, Material, Product Type, End-users, Offering and Region - Global Forecast to 2027 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, November 8, 2022

The servo motors and drives market size will grow to USD 15.8 Billion by 2027 from USD 12.0 Billion in 2022, at a CAGR of 5.7% during the forecast period.

Key Points: 
  • The servo motors and drives market size will grow to USD 15.8 Billion by 2027 from USD 12.0 Billion in 2022, at a CAGR of 5.7% during the forecast period.
  • The increase in motion control equipment's required for automation in major industrial sectors is driving servo motors and drives market
    The servo motors and drives market has been segmented into hardware, software and services.
  • Setting up automation requires servo motors and drives, which offer a high level of precision, accuracy, and torque with low maintenance costs
    Servo Drives segment is expected to be the fastest growing segment of the servo motors and drives market, by product type
    Based on product type the servo motors and drives market is segmented into servo motors and servo drives.
  • The Asia Pacific is expected to be the largest growing market in the servo motors and drives market.