The global market for Industrial Multiprotocol Gateways is estimated at US$323.2 Million in 2023 and is projected to reach US$563.1 Million by 2030, growing at a CAGR of 8.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
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.
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.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Remote Monitoring Application segment, which is expected to reach US$291.9 Million by 2030 with a CAGR of a 9.1%. The Product Optimization Application segment is also set to grow at 7.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $96.1 Million in 2023, and China, forecasted to grow at an impressive 7.7% CAGR to reach $97.1 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Industrial Multiprotocol Gateways Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Multiprotocol Gateways Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Industrial Multiprotocol Gateways Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Group, Accton Technology, Advantech Co., Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
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.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
- 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.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 362 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 323.2 Million |
| Forecasted Market Value ( USD | $ 563.1 Million |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 20 |
