I/O modules Industry Supplier, Competition by Manufacturers and Competitor Analysis to 2025 Forecast

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6th September: This Report Studies the Global I/O modules Market size, industry status and forecast, competition landscape and growth opportunity. This Research Report categorizes the Global I/O modules Industry by Companies, Region, Application, Type and end-use Industry.
Global I/O modules market is expected to witness lucrative growth over the coming six years. The increasing demand for safe I/O modules, stringent government, and industrial safety standards for usage and rising demand for reduced wiring cost are the drivers contributing to the market growth. In addition, reduced start-up machine time and small sizes devices for easy handling also anticipate the demand for the global I/O module market.
The various technological advancements, variable designs, and adoption of Ethernet I/O modules are also the factors leading to the market growth. Furthermore, industrial Internet of Things (a network of physical objects such as buildings, devices, and vehicles which facilitate these objects to collect and exchange data.) also drives the market growth. The increasing trend towards automation, internet of things, digitalization and virtualization of the plant, remote asset management, and energy management are increasing the demand for controlling and measuring of modules.
The new safety I/O modules offers the advantages of traditional distributed I/O safety systems. These new modules help in the easier control and monitor the devices safely. Also, it detects failure of modules at the field device levels and at I/O levels and, enhance the operator protection. The Lumberg Automation Company has introduced its new safety I/O module named as LioN-Link. It allows the safety-related outputs and do not require any additional terminal box, unlike other I/O systems. This device saves time and money of the users. Hence, making the device cost-effective and user-friendly.
On the basis of region, the market is categorized into North America, the Middle East and Africa, Asia-Pacific, Europe and Latin America. North America is anticipated to dominate the market owing to the increasing demand for the automobile industry, a large number of well-established manufacturing companies and technological advancement in modules. Asia-Pacific is estimated to witness the fastest growth over the decade. In developing countries such as India and China, the rising per capita income of people, growing IT infrastructures and increasing demand in various verticals support the growth of market in this region.
The key participants include Honeywell International Inc., Mitsubishi Electric Corp., Advantech LNC Co. Ltd., Red Lion Controls, GE Co., Invensys PLC, Omron Corp., Schneider Electric SA and Rockwell Automation Inc. Other participants are ABB Ltd., Siemens AG, Bihl+Wiedemann GmbH, Lumberg Automation, Newtech Engineering, Mouser Electronics and Yokogawa Electric Corp. The participants are anticipated to expand their product portfolio in order to increase their market share and competitive advantage. In addition, strong product pipeline in this field is expected to fuel the future growth of market over the forecast period.
Another company, Red Lion Controls Inc. is the global provider in monitoring, communication, and control for industrial automation networking. The company on February 9, 2016, had announced the availability of its new E3I/O module platform. The platform provides powerful networking and reliable remote monitoring and control capabilities for severe industrial environments. This platform uses Crimson 3.0 software which enhances the networking capabilities of the module.   

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