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

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

Industrial process automation technology is one of the key technologies with the most rapid development, the most extensive application and the most obvious benefit. While, industrial wireless network technology is one of the hot spots in the field of industrial automation. Internationally, the industrial wireless network communication standards which have aroused widespread concern in the world mainly include Wireless HART, ISA100.11a and WIA-PA. This report counts industrial wireless product (hardware & software) and service for factory automation.

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

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

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

The global Industrial Wireless Devices market size is projected to grow from US$ 14240 million in 2022 to US$ 31550 million in 2029; it is expected to grow at a CAGR of 12.0% from 2023 to 2029.

Of the major players of Industrial Wireless Devices, Emerson maintained its first place in the ranking. Emerson accounted for 10% of the Global Industrial Wireless Devices revenue market share. Other players accounted for 10%, 9% including Honeywell International and Siemens.

In this study, the market for Industrial Wireless Devices consumption divided into five geographic regions: In North America, total Industrial Wireless Devices accounted for 30%. In the Europe, total Industrial Wireless Devices accounted for 38%. The market in Asia-Pacific Industrial Wireless Devices accounted for 26%, in Japan 4%, in South America 2% and in Middle East and Africa 2%.

Worldwide, Chemical, oil & gas and Pulp & Paper industry was the largest three consumer of Industrial Wireless Devices which is responsible for about 38 percent of Industrial Wireless Devices consumption. The remaining 61 percent was consumed for Electric Power, Water & Wastewater, Metallurgy & Mining, Food & Beverage, Pharmaceutical & Biotech and among others.

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

Market Segmentation:

Segmentation by type

Product (Hardware & Software)

Service

Segmentation by application

Chemical

Oil & Gas

Pulp & Paper

Electric Power

Water & Wastewater

Metallurgy & Mining

Food & Beverage

Pharmaceutical & Biotech

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.

Emerson

Honeywell International

Siemens

ABB

GE

Eaton

Cisco

Yokogawa Electric

Rockwell Automation

Advantech

Arris

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