Global Fieldbus Component Market Growth (Status and Outlook) 2024-2030

Global Fieldbus Component Market Growth (Status and Outlook) 2024-2030

Fieldbus Components are a bus system that connects field devices, such as sensors and actuators with controllers such as PLCs and DCSs in factories and plants through digital communication.

By using Fieldbus Components, wiring can be omitted, the amount of data can be increased, and the system is more resistant to noise than conventional analog or parallel signals. It also makes it possible to perform self-diagnosis and change settings of field devices remotely.

The global Fieldbus Component market size is projected to grow from US$ 6566 million in 2023 to US$ 11170 million in 2030; it is expected to grow at a CAGR of 7.9% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Fieldbus Component Industry Forecast” looks at past sales and reviews total world Fieldbus Component sales in 2023, providing a comprehensive analysis by region and market sector of projected Fieldbus Component sales for 2024 through 2030. With Fieldbus Component sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Fieldbus Component industry.

This Insight Report provides a comprehensive analysis of the global Fieldbus Component landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Fieldbus Component portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Fieldbus Component market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Fieldbus Component and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Fieldbus Component.

The market for Fieldbus components is expected to witness significant growth in the coming years due to the increasing demand for industrial automation and the need for reliable and efficient communication networks. The adoption of Fieldbus technology in various industries such as oil and gas, manufacturing, and automotive is driving the market growth.

Several trends are shaping the Fieldbus component market. One of the key trends is the increasing adoption of wireless Fieldbus components, which offer flexibility, scalability, and cost-effectiveness. Another trend is the integration of Fieldbus components with advanced technologies such as IoT and cloud computing, enabling real-time monitoring and control of industrial processes.

The market for Fieldbus components is geographically segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America and Europe are the leading regions in terms of market share, driven by the presence of established industrial sectors and the adoption of advanced automation technologies. However, the Asia Pacific region is expected to witness significant growth due to the increasing industrialization and infrastructure development in countries like China and India.

This report presents a comprehensive overview, market shares, and growth opportunities of Fieldbus Component market by product type, application, key players and key regions and countries.

Segmentation by type
Profibus
Modbus
CANopen
DeviceNet
EtherCAT

Segmentation by application
Manufacturing Industry
Process Control
Automation
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Regal Rexnord Corporation
Siemens
Endress+Hauser Group Services AG
ifm efector (ifm)
Pepperl+Fuchs Inc.
Veris Industries
Toyogiken Co. Ltd (TOGI)
Shinko Technos
Renesas Electronics Corporation
BEKA associates Ltd
Mitsubishi Electric Corporation
Avisaro AG
Carlo Gavazzi Automation Spa
WAGO GmbH & Co. KG
Hilscher Gesellschaft für Systemautomation mbH
Wieland ELECTRIC GMBH
esd electronics gmbh
Moxa Inc.
Omron Corporation
Anybus
Yaskawa Europe GmbH
ALTHEN
Softing Industrial Automation GmbH
B&R Industrial Automation GmbH
Balluff
Phoenix Contact
METZ CONNECT GmbH
Shenyang Vhandy Technology
motrona GmbH
BrainChild Electronics

Please note: The report will take approximately 2 business days to prepare and deliver.