Global Industrial PROFIBUS Market Growth (Status and Outlook) 2023-2029

Global Industrial PROFIBUS Market Growth (Status and Outlook) 2023-2029

PROFIBUS (Process Field Bus) is a standard for fieldbus communication in automation technology. The history of PROFIBUS goes back to a publicly promoted plan for an association which started in Germany in 1986 and for which 21 companies and institutes devised a master project plan called "fieldbus". The goal was to implement and spread the use of a bit-serial field bus based on the basic requirements of the field device interfaces.

LPI (LP Information)' newest research report, the “Industrial PROFIBUS Industry Forecast” looks at past sales and reviews total world Industrial PROFIBUS sales in 2022, providing a comprehensive analysis by region and market sector of projected Industrial PROFIBUS sales for 2023 through 2029. With Industrial PROFIBUS sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Industrial PROFIBUS industry.

This Insight Report provides a comprehensive analysis of the global Industrial PROFIBUS 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 Industrial PROFIBUS portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Industrial PROFIBUS market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Industrial PROFIBUS 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 Industrial PROFIBUS.

The global Industrial PROFIBUS market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

There are two variations of PROFIBUS in use today; the most commonly used PROFIBUS DP, and the lesser used, application specific, PROFIBUS PA: PROFIBUS DP (Decentralised Peripherals) is used to operate sensors and actuators via a centralised controller in production (factory) automation applications. The many standard diagnostic options, in particular, are focused on here. PROFIBUS PA (Process Automation) is used to monitor measuring equipment via a process control system in process automation applications. This variant is designed for use in explosion/hazardous areas (Ex-zone 0 and 1). The Physical Layer (i.e. the cable) conforms to IEC 61158-2, which allows power to be delivered over the bus to field instruments, while limiting current flows so that explosive conditions are not created, even if a malfunction occurs.

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

Market Segmentation:

Segmentation by type
PROFIBUS-PA
PROFIBUS-DP

Segmentation by application
Power Industry
Oil and Gas Industry
Automotive Industry
Factory 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.
ABB
Emerson Electric
Rockwell Automation
Siemens
Texas Instruments

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