Industrial Wireless Market In Process Industries 2024-2028
The industrial wireless market in process industries is forecasted to grow by USD 2,058.26 mn during 2023-2028, accelerating at a CAGR of 13.29% during the forecast period. The report on the industrial wireless market in process industries provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by reduction in installation and retrofit costs of wireless system, accelerating bandwidth requirements for upgrading existing networks, and increasing focus on predictive maintenance.
Technavio's industrial wireless market in process industries is segmented as below:
By Technology
- WLAN
- WirelessHART
- WiMAX
- Others
By End-user
- Oil and gas industry
- Power industry
- Water and wastewater industry
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the growing use of M2M services across industries as one of the prime reasons driving the industrial wireless market in process industries growth during the next few years. Also, evolution of cloud-based technologies and rising use of wireless sensor networks will lead to sizable demand in the market.
The report on the industrial wireless market in process industries covers the following areas:
- Industrial wireless market in process industries sizing
- Industrial wireless market in process industries forecast
- Industrial wireless market in process industries industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial wireless market in process industries vendors that include ABB Ltd., Advantech Co. Ltd., Antaira Technologies LLC, Beckhoff Automation GmbH and Co. KG, Belden Inc., Cisco Systems Inc., Eaton Corp. Plc, Ependion AB, Hans Turck GmbH and Co. KG, Hewlett Packard Enterprise Co., HMS Networks AB, Honeywell International Inc., Huawei Technologies Co. Ltd., Moxa Inc., NEXCOM International Co. Ltd., Phoenix Contact GmbH and Co. KG, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corp.. Also, the industrial wireless market in process industries analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.