NEW YORK, June 30, 2021 /PRNewswire/ — Technavio forecasts the global industrial wireless automation market to grow by USD 1.43 billion, at a CAGR of over 5% during the forecast period. The report offers insights on the growth strategies adopted by major vendors during the COVID-19 pandemic and the key offerings.
Read the 120-page report with TOC on «Industrial Wireless Automation Market Analysis Report by End-user (Process industry and Discrete industry), Geography (APAC, North America, Europe, MEA, and South America), and the Segment Forecasts, 2021-2025″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions.
The industrial wireless automation market is driven by the changing market dynamics. In addition, the growing adoption of high-speed communication network solutions is anticipated to boost the growth of the industrial wireless automation market.
Factors such as rising prices of fuel and metal, ongoing tariff war between China and the US, and the slowdown in the global automobile industry are leading to fluctuations in supply and demand, which are increasing the overall operating expense of manufacturing industries. In addition, the growing shortage of skilled workforce in APAC and the US is affecting labor supply and increasing personnel costs. This driving industrial operators to adopt wireless automation solutions. These solutions help in reducing the overall staff requirement per plant. They also aid in completing projects within the predefined timelines both economically and efficiently. Many such factors are positively influencing the growth of the global industrial wireless automation market.
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Major Five Industrial Wireless Automation Companies:
ABB Ltd.: The company offers wireless automation devices like sensors, antennas and other products.
Cisco Systems Inc.: The company offers products like wireless controllers, indoor access points, cloud managed access points, and other products.
Emerson Electric Co.: The company offers Fisher FIELDVUE DVC6200 digital valve controller, Micro motion 1700 and 2700 field and integral mount transmitter, and other products.
General Electric Co.: The company offers automation and controls solution platform that includes industrial software, distributed control systems and process safety systems control, automate and optimize the processes that power the world.
Honeywell International Inc.: The company offers the service package OneWireless solutions. It comprises Honeywell’s distributed control system, wireless field instruments, mobile computing devices, wireless networks, advanced applications, and facility management applications.
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Industrial Wireless Automation Market End-user Outlook (Revenue, USD Billion, 2020-2025)
- Process industry – size and forecast 2020-2025
- Discrete industry – size and forecast 2020-2025
Industrial Wireless Automation Market Geography Outlook (Revenue, USD Billion, 2020-2025)
- APAC – size and forecast 2020-2025
- North America – size and forecast 2020-2025
- Europe – size and forecast 2020-2025
- MEA – size and forecast 2020-2025
- South America – size and forecast 2020-2025
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