Industrial Multiprotocol Gateways

Industrial Multiprotocol Gateways

Global Industrial Multiprotocol Gateways Market to Reach US$563.1 Million by 2030

The global market for Industrial Multiprotocol Gateways estimated at US$323.2 Million in the year 2023, is expected to reach US$563.1 Million by 2030, growing at a CAGR of 8.3% over the analysis period 2023-2030. Remote Monitoring Application, one of the segments analyzed in the report, is expected to record a 9.1% CAGR and reach US$291.9 Million by the end of the analysis period. Growth in the Product Optimization Application segment is estimated at 7.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$96.1 Million While China is Forecast to Grow at 7.7% CAGR

The Industrial Multiprotocol Gateways market in the U.S. is estimated at US$96.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$97.1 Million by the year 2030 trailing a CAGR of 7.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.5% and 6.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.2% CAGR.

Global Industrial Multiprotocol Gateways Market - Key Trends & Drivers Summarized

Industrial multiprotocol gateways are critical devices in modern industrial communication networks, enabling seamless integration and communication between different industrial protocols. These gateways facilitate data exchange between devices and systems that use various communication protocols, such as Ethernet/IP, Modbus, PROFIBUS, and CANopen. By bridging these protocols, multiprotocol gateways ensure interoperability and efficient data flow in complex industrial environments. They are widely used in sectors such as manufacturing, energy, automotive, and process industries, where diverse equipment and systems need to communicate and operate cohesively.

The adoption of industrial multiprotocol gateways is driven by the increasing complexity of industrial networks and the need for unified communication solutions. Traditional industrial environments often feature a mix of legacy systems and modern equipment, each using different protocols. Multiprotocol gateways address this challenge by providing a single interface that supports multiple protocols, reducing the need for extensive rewiring or system overhauls. These gateways also support real-time data transmission and remote monitoring, product optimization, enhancing operational efficiency and enabling predictive & preventive maintenance. The integration of IoT and Industry 4.0 technologies is further expanding the capabilities of multiprotocol gateways, allowing for enhanced connectivity and data analytics.

The growth in the industrial multiprotocol gateways market is driven by several factors. Firstly, the increasing adoption of automation and digitalization in industrial processes is a significant driver, as these trends require robust communication solutions. Secondly, advancements in IoT and Industry 4.0 are enhancing the capabilities and applications of multiprotocol gateways. Thirdly, the need for interoperability and seamless data exchange in complex industrial environments is boosting the demand for these devices. Additionally, the rise of smart factories and connected industrial ecosystems is driving the adoption of multiprotocol gateways to ensure efficient communication. Furthermore, the integration of advanced features such as real-time monitoring and predictive maintenance is making multiprotocol gateways more valuable to industries. Lastly, the ongoing modernization of legacy systems and the expansion of industrial infrastructure are contributing to the market growth.

Select Competitors (Total 74 Featured) -

• ABB Group
• Accton Technology
• Advantech Co., Ltd.
• Artila Electronics Co., Ltd.
• AsusTek Computer Inc.
• Digi International
• D-Link Corporation
• Eaton Corporation
• Elpro technologies
• Emerson Electric Co.
• HEJM Automation Technology GmbH
• HMS Networks
• Honeywell International Inc.
• Moxa Inc.
• Multi-Tech Systems, Inc.
• San Telequip Pvt. Ltd.
• Schneider electric
• Siemens AG
• Valmet Oyj
• Shenzhen Wlink Technology Co., Ltd.

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.