The global market for industrial wireless instrumentation is estimated to grow from $3.0 billion in 2021 to $5.2 billion by 2026, at a compound annual growth rate (CAGR) of 12.0% during the forecast period of 2021-2026.
Report Scope
This market for industrial wireless instrumentation is segmented as follows -
By Major Segment
- Hardware.
- Services.
By Component
- Wireless sensors.
- Wireless transmitters/transceivers.
- Wireless adapters.
- Wireless input/output modules.
- Others.
By Application
- Process control and monitoring.
- Asset management.
- Safety and security alerts and alarms.
- Communication equipment.
- Others.
By End-User Industry
- Refinery.
- Manufacturing.
- Power Generation.
- Others (food and beverages, pharmaceuticals, paper and pulp, etc.).
By Geography
- North America.
- Europe.
- Asia-Pacific.
- RoW (South America, Middle East and Africa).
This report does not analyze software/solutions.
This report provides market sizes for the base years 2019 and 2020 and forecasts for the 2021-2026 period.
Report Includes
- 47 data tables and 39 additional tables
- An updated review of the global market for industrial wireless instrumentation and other related technologies
- Analyses of the global market trends, with data from 2020, estimates for 2021, and projections of compound annual growth rates (CAGRs) through 2026
- Identification of key market dynamics, trends, opportunities, and factors influencing the demand for industrial wireless instrumentation market and its sub-segments
- Estimation of the current market size and market forecast for the global industrial wireless instrumentation market, and corresponding market share analysis by product type, hardware component, application, end-user industry, and geographic region
- Identification of the major stakeholders and analysis of the competitive landscape based on recent developments and segmental revenues
- Assessment on the different types of products and key players strategies within the market
- Value Chain analysis of industrial wireless instrumentation, along with a review of wireless communication regulations & standards, and impact of COVID-19 outbreak on the market at a global scale
- Descriptive company profiles of the top industry players, including ABB Ltd., Emerson Electric Co., Endress+Hauser, Honeywell International, General Electric, Rockwell Automation, Siemens AG, Schneider Electric and Texas Instruments, Inc.
Table of Contents
Chapter 1 Introduction
- Introduction
- Study Goals and Objectives
- Scope of This Report
- Reasons for Doing the Study
- Intended Audiences
- Information Sources
- Methodology
- Geographic Breakdown
- Analyst's Credentials
- Custom Research
- Related Reports
Chapter 2 Summary and Highlights
Chapter 3 Market Overview
- Value Chain Analysis
- History and Current Status
- The Future of Industrial Wireless Instrumentation
- Industry Structure
- Regulations and Standards
- Impact of COVID-19
- Market Dynamics
- Market Drivers
- Market Restraints and Challenges
- Market Opportunities
- Porter's Five Force Analysis
- Supplier's Bargaining Power
- Buyer's Bargaining Power
- Threat of New Entrants
- Threat of Substitutes
- Competitive Rivalry
- Segment Overview
Chapter 4 Market Breakdown by Major Segment
- Introduction
- Hardware
- Services
Chapter 5 Market Breakdown by Component
- Introduction
- Sensors
- Transmitters/Transceivers
- Wireless Adapters
- Input/Output Modules
- Other Accessories
Chapter 6 Market Breakdown by Application
- Application Market by Region
- Asset Management
- Process Control and Monitoring
- Safety and Security Alarms
- Communication Equipment
- Others
Chapter 7 Market Breakdown by End-User Industry
- Introduction
- Refinery (Oil and Gas, Chemical and Petrochemical, and Marine and Mining)
- Advantages/Disadvantages
- Manufacturing
- Power Generation
- Others
Chapter 8 Market Breakdown by Region
- Introduction
- North America
- Europe
- Asia-Pacific
- RoW
Chapter 9 Competitive Landscape
- Market Share Analysis
- Key Market Developments
Chapter 10 Company Profiles
- ABB Ltd.
- Ametek Inc.
- Banner Engineering Corp.
- Beanair
- Eaton Corp.
- Emerson Electric Co.
- Endress + Hauser Group Services Ag
- General Electric Co.
- Honeywell International Inc.
- Monnit Corp.
- National Instruments Corp.
- Oleumtech Corp.
- Omega Engineering Inc.
- Phoenix Contact Gmbh & Co. Kg
- Rockwell Autmomation Inc.
- Schneider Electric
- Siemens Ag
- STMicroelectronics N.V.
- Texas Instruments Inc.
- United Electric Controls
- Yokogawa Electric Corp.
List of Tables
Summary Table B: Global Market for Industrial Wireless Instrumentation, by Region, Through 2026
Summary Table A: Global Market for Industrial Wireless Instrumentation, Through 2026
Table 1: Industrial Wireless Instrumentation Market Dynamics
Table 2: Differences Between Wired Instrumentation and Wireless Instrumentation
Table 3: Impact Analysis of Market Drivers, 2020-2026
Table 4: Impact Analysis of Market Restraints and Challenges
Table 5: Impact Analysis of Market Opportunities
Table 6: Porter's Five Force Analysis: Overview
Table 7: Global Market for Industrial Wireless Instrumentation, by Major Segment, Through 2026
Table 8: Global Market for Industrial Wireless Instrumentation, by Hardware Component, Through 2026
Table 9: North American Market for Industrial Wireless Instrumentation, by Major Segment, Through 2026
Table 10: European Market for Industrial Wireless Instrumentation, by Major Segment, Through 2026
Table 11: Asia-Pacific Market for Industrial Wireless Instrumentation, by Major Segment, Through 2026
Table 12: RoW Market for Industrial Wireless Instrumentation, by Major Segment, Through 2026
Table 13: Global Market for Industrial Wireless Instrumentation, by Hardware Component, Through 2026
Table 14: North American Market for Industrial Wireless Instrumentation, by Hardware Component, Through 2026
Table 15: European Market for Industrial Wireless Instrumentation, by Hardware Component, Through 2026
Table 16: Asia-Pacific Market for Industrial Wireless Instrumentation, by Hardware Component, Through 2026
Table 17: RoW Market for Industrial Wireless Instrumentation, by Hardware Component, Through 2026
Table 18: Global Market for Industrial Wireless Instrumentation, by Application, Through 2026
Table 19: North American Market for Industrial Wireless Instrumentation, by Application, Through 2026
Table 20: European Market for Industrial Wireless Instrumentation, by Application, Through 2026
Table 21: Asia-Pacific Market for Industrial Wireless Instrumentation, by Application, Through 2026
Table 22: RoW Market for Industrial Wireless Instrumentation, by Application, Through 2026
Table 23: Global Market for Industrial Wireless Instrumentation, by End-User Industry, Through 2026
Table 24: North American Market for Industrial Wireless Instrumentation, by End-User Industry, Through 2026
Table 25: European Market for Industrial Wireless Instrumentation, by End-User Industry, Through 2026
Table 26: Asia-Pacific Market for Industrial Wireless Instrumentation, by End-User Industry, Through 2026
Table 27: RoW Market for Industrial Wireless Instrumentation, by End-User Industry, Through 2026
Table 28: Comparison of Wired vs. Wireless Instrumentation
Table 29: Global Market for Industrial Wireless Instrumentation, by Region, Through 2026
Table 30: North American Market for Industrial Wireless Instrumentation, Through 2026
Table 31: North American Market for Industrial Wireless Instrumentation, by Country, Through 2026
Table 32: European Market for Industrial Wireless Instrumentation, Through 2026
Table 33: European Market for Industrial Wireless Instrumentation, by Country, Through 2026
Table 34: Asia-Pacific Market for Industrial Wireless Instrumentation, Through 2026
Table 35: Asia-Pacific Market for Industrial Wireless Instrumentation, by Country, Through 2026
Table 36: RoW Market for Industrial Wireless Instrumentation, Through 2026
Table 37: RoW Market for Industrial Wireless Instrumentation, by Sub-Region, Through 2026
Table 38: Global Market Shares of Industrial Wireless Instrumentation Analysis, 2020
Table 39: Global Industrial Wireless Instrumentation Market Developments, 2018-2021
Table 40: ABB Ltd.: Financials, 2018-2020
Table 41: ABB Ltd.: Product Portfolio
Table 42: ABB Ltd.: Recent Developments
Table 43: Ametek Inc.: Product Portfolio
Table 44: Banner Engineering Corp.: Product Portfolio
Table 45: Banner Engineering Corp.: Recent Developments
Table 46: BeanAir: Product Portfolio
Table 47: Eaton Corp.: Financials, 2018-2020
Table 48: Eaton Corp.: Product Portfolio
Table 49: Emerson Electric Co.: Financials, 2018-2020
Table 50: Emerson Electric Co.: Product Portfolio
Table 51: Emerson Electric Co.: Recent Developments
Table 52: Endress + Hauser Group Services AG: Financials, 2018-2020
Table 53: Endress + Hauser Group Services AG: Product Portfolio
Table 54: Endress + Hauser Group Services AG: Recent Developments
Table 55: General Electric Co.: Financials, 2018-2020
Table 56: General Electric Co.: Product Portfolio
Table 57: Honeywell International Inc.: Financials, 2018-2020
Table 58: Honeywell International Inc.: Product Portfolio
Table 59: Honeywell International Inc.: Recent Developments
Table 60: Monnit Corp.: Product Portfolio
Table 61: National Instruments Corp.: Product Portfolio
Table 62: OleumTech Corp.: Product Portfolio
Table 63: OleumTech Corp.: Recent Developments
Table 64: Omega Engineering Inc.: Company Financials, 2018-2020
Table 65: Omega Engineering Inc.: Product Portfolio
Table 66: Phoenix Contact GmbH & Co. KG: Product Portfolio
Table 67: Rockwell Automation Inc.: Financials, 2018-2020
Table 68: Rockwell Automation Inc.: Product Portfolio
Table 69: Rockwell Automation Inc.: Recent Developments
Table 70: Schneider Electric: Financials, 2018-2020
Table 71: Schneider Electric: Product Portfolio
Table 72: Schneider Electric: Recent Developments
Table 73: Siemens AG: Company Financials, 2018-2020
Table 74: Siemens AG: Product Portfolio
Table 75: Siemens AG: Recent Developments
Table 76: STMicroelectronics N.V.: Company Financials, 2018-2020
Table 77: STMicroelectronics N.V.: Product Portfolio
Table 78: STMicroelectronics N.V.: Recent Developments
Table 79: Texas Instruments Inc.: Financials, 2018-2020
Table 80: Texas Instruments Inc.: Product Portfolio
Table 81: United Electric Controls: Product Portfolio
Table 82: Yokogawa Electric Corp.: Financials, 2018-2020
Table 83: Yokogawa Electric Corp.: Product Portfolio
Table 84: Yokogawa Electric Corp.: Recent Developments
List of Figures
Summary Figure: Global Market for Industrial Wireless Instrumentation, 2020-2026
Figure 1: Global Market for Industrial Wireless Instrumentation: Key Applications
Figure 2: Advantages of Wireless Instrumentation
Figure 3: Industrial Wireless Instrumentation Value Chain
Figure 4: Evolution of the Industry Stages
Figure 5: Success Criteria of Industrial Wireless Systems
Figure 6: Wireless Industrial Instrumentation Technology Comparison and Architecture
Figure 7: Industrial Wireless Instrumentation Market - Porter's Five Force Analysis
Figure 8: Supplier's Bargaining Power Analysis
Figure 9: Buyer's Bargaining Power Analysis
Figure 10: Analysis of Threat of New Entrants
Figure 11: Analysis of Threat of Substitutes
Figure 12: Analysis of Competitive Rivalry
Figure 13: Global Market Shares of Industrial Wireless Instrumentation, by Application, 2026
Figure 14: Global Market Shares of Industrial Wireless Instrumentation, by End-User Industry, 2020
Figure 15: Global Market for Industrial Wireless Instrumentation, by Major Segment, 2020-2026
Figure 16: Global Market for Industrial Wireless Instrumentation Hardware, 2020-2026
Figure 17: Global Market for Industrial Wireless Instrumentation Services, 2020-2026
Figure 18: Global Market for Wireless Sensors in Industrial Wireless Instrumentation, 2020-2026
Figure 19: Global Market for Wireless Transmitters/Transceivers in Industrial Wireless Instrumentation, 2020-2026
Figure 20: Global Market for Wireless Adapters in Industrial Wireless Instrumentation, 2020-2026
Figure 21: Global Market for Wireless Input/Output Modules in Industrial Wireless Instrumentation, 2020-2026
Figure 22: Global Market for Other Accessories for Industrial Wireless Instrumentation, 2020-2026
Figure 23: Global Market for Asset Management in Industrial Wireless Instrumentation, 2020-2026
Figure 24: Global Market for Process Control and Monitoring in Industrial Wireless Instrumentation, 2020-2026
Figure 25: Global Market for Safety and Security Alarms in Industrial Wireless Instrumentation, 2020-2026
Figure 26: Global Market for Communication Equipment in Industrial Wireless Instrumentation, 2020-2026
Figure 27: Global Market for Other Applications of Industrial Wireless Instrumentation, 2020-2026
Figure 28: Global Market for Industrial Wireless Instrumentation in the Refining Industries, 2020-2026
Figure 29: Global Market for Industrial Wireless Instrumentation in the Manufacturing Industry, 2020-2026
Figure 30: Global Market for Industrial Wireless Instrumentation in the Power Generation Industry, 2020-2026
Figure 31: Global Market for Industrial Wireless Instrumentation in Other Industries, 2020-2026
Figure 32: Global Wireless Industrial Instrumentation Market, by Region
Figure 33: ABB Ltd.: Revenue Share, by Business Segment, 2020
Figure 34: ABB Ltd.: Revenue Share, by Region, 2020
Figure 35: Eaton Corp.: Revenue Share, by Business Segment, 2020
Figure 36: Eaton Corp.: Revenue Share, by Geography, 2020
Figure 37: Emerson Electric Co.: Revenue Share, by Business Segment, 2020
Figure 38: Emerson Electric Co.: Revenue Share, by Region, 2020
Figure 39: Endress + Hauser Group Services AG: Revenue Share, by Region, 2019
Figure 40: General Electric Co.: Revenue Share, by Business Segment, 2020
Figure 41: General Electric Co.: Revenue Share, by Region, 2020
Figure 42: Honeywell International Inc.: Revenue Share, by Business Segment, 2019
Figure 43: Honeywell International Inc.: Revenue Share, by Geography, 2019
Figure 44: Omega Engineering Inc.: Revenue Share, by Business Segment, 2020
Figure 45: Omega Engineering Inc.: Revenue Share, by Geography, 2020
Figure 46: Rockwell Automation Inc.: Revenue Share, by Business Segment, 2020
Figure 47: Rockwell Automation Inc.: Revenue Share, by Region, 2020
Figure 48: Schneider Electric: Revenue Share, by Business Segment, 2020
Figure 49: Schneider Electric: Revenue Share, by Region, 2020
Figure 50: Siemens AG: Revenue Share, by Business Segment, 2020
Figure 51: Siemens AG: Revenue Share, by Region, 2020
Figure 52: STMicroelectronics N.V.: Revenue Share, by Business Segment, 2020
Figure 53: STMicroelectronics N.V.: Revenue Share, by Region, 2020
Figure 54: Texas Instruments Inc.: Revenue Share, by Business Segment, 2020
Figure 55: Texas Instruments Inc.: Revenue Share, by Region, 2020
Figure 56: Yokogawa Electric Corp.: Revenue Share, by Business Segment, 2019
Figure 57: Yokogawa Electric Corp.: Revenue Share, by Region, 2019
Executive Summary
Growth will be driven by rapid expansion in the industrial manufacturing sector coupled with the increased adoption of IIoT (Industrial IoT) equipment and low costs for installation when compared to wired products.
Investments to modernize existing industrial facilities in North America and Europe, coupled with increased government initiatives to boost the industrial sector in the developing economies of the Asia-Pacific, the Middle East and Africa, are boosting the industrial wireless instrumentation market.
Companies Mentioned
- ABB Ltd.
- Ametek Inc.
- Banner Engineering Corp.
- Beanair
- Eaton Corp.
- Emerson Electric Co.
- Endress + Hauser Group Services Ag
- General Electric Co.
- Honeywell International Inc.
- Monnit Corp.
- National Instruments Corp.
- Oleumtech Corp.
- Omega Engineering Inc.
- Phoenix Contact Gmbh & Co. Kg
- Rockwell Autmomation Inc.
- Schneider Electric
- Siemens Ag
- STMicroelectronics N.V.
- Texas Instruments Inc.
- United Electric Controls
- Yokogawa Electric Corp.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 122 |
| Published | May 2021 |
| Forecast Period | 2021 - 2026 |
| Estimated Market Value ( USD | $ 3 Billion |
| Forecasted Market Value ( USD | $ 5.2 Billion |
| Compound Annual Growth Rate | 12.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
