Market Overview:
The global industrial signal converter market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for industrial signal converters in various applications such as water and wastewater treatment industry, mining industry, power industry, oil and gas industry, and others. Moreover, the rising adoption of digital technologies in various industries is also fueling the growth of the global industrial signal converter market. Based on type, the global industrial signal converter market can be segmented into isolators, thermocouple converters, pulse converters, and load cell converters. The pulse converters segment is projected to grow at a highest CAGR during the forecast period owing to its growing demand from various end-use industries such as water and wastewater treatment industry and mining industry. Based on application, the global industrial signal converter market can be divided into water and wastewater treatment Industry sector; mining Industry sector; power Industry sector; oil & gas Industry sector; chemical processing plant Sector ; pulp & paper mill Sector ; food & beverage Sector ; automotive manufacturing Sector .
Product Definition:
An industrial signal converter is a device that takes an input from one type of electrical signal and converts it into another type of electrical signal. This is important because different types of electrical signals are used in different industries, and a converter allows devices that use one type of signal to communicate with devices that use another type.
Isolators:
Isolators are used to protect the signal from external influences. They are widely used in industrial signal converters for protection against noise and for maintaining the integrity of data.
The global market is expected to grow at a CAGR of XX% from 2018 to 2025 owing to increasing demand across various industries such as oil & gas, power generation, mining, aerospace & defense among others.
Thermocouple Converters:
Thermocouple converters are electronic devices used to convert temperature signals into other forms. These converters are widely used in industrial signal convertors and control systems. They provide accurate temperature measurement, even at high temperatures, with a small package size and low cost. Thermocouples have two leads; one is usually attached to the metal case or heat sink while the other is exposed outside the case for measuring ambient temperature.
Application Insights:
The application segment is segregated into water and wastewater treatment industry, mining industry, power industry, oil and gas industry and others. In 2017, the water and wastewater treatment sector dominated the global market with a share of over 60%. The growth can be attributed to increasing demand for advanced industrial signal converters in large scale plants across the globe.
In terms of revenue, power generation emerged as the second largest segment in 2017. Increasing investments in developing countries such as China India Japan are expected to boost product demand from 2018 to 2030. Latin America has also been witnessing significant investments which will further propel product penetration over next few years. For instance; Brazil¢â‚¬â„¢s investment arm BNDES announced plans for building 10 new hydroelectric power plants with a total capacity of 3 GW during 2018-2022 period thereby providing opportunities for ISC manufacturers to invest there or supply equipment from abroad.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, and Japan. These countries are rapidly expanding their industrial sector owing to increasing demand from end-users of industrial products as well as raw materials.
China has emerged as a major manufacturing hub for a large number of industries across the globe due to low production costs coupled with easy availability of labor and capital goods required for setting up an industry in China. The country’s rapid urbanization along with growing population has resulted in increased demand for food grains, which is likely to boost regional growth over the coming years.
Growth Factors:
- Increasing demand from the automotive industry for signal converters to meet the stringent emission norms
- Growing demand for industrial signal converters in renewable energy sector to convert DC into AC signals
- Rising popularity of IoT and Industry 4.0, which is driving the need for more advanced and intelligent signal converters
- Proliferation of smart factories, which is resulting in increased demand for industrial signal converters with higher bandwidth and speed
- Emergence of new applications such as 3D printing that require specialized signal converter solutions
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Signal Converter Market Research Report
By Type
Isolators, Thermocouple Converters, Pulse Converters, Load Cell Converters
By Application
Water and Wastewater Treatment Industry, Mining Industry, Power Industry, Oil and Gas Industry
By Companies
ABB, Emerson Electric, General Electric, Schneider Electric, Siemens, Dwyer Instruments, Honeywell, OMRON, Pepperl+Fuchs, PHOENIX CONTACT, ABB
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
192
Number of Tables & Figures
135
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Signal Converter Market Report Segments:
The global Industrial Signal Converter market is segmented on the basis of:
Types
Isolators, Thermocouple Converters, Pulse Converters, Load Cell Converters
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Water and Wastewater Treatment Industry, Mining Industry, Power Industry, Oil and Gas Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Emerson Electric
- General Electric
- Schneider Electric
- Siemens
- Dwyer Instruments
- Honeywell
- OMRON
- Pepperl+Fuchs
- PHOENIX CONTACT
- ABB
Highlights of The Industrial Signal Converter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Isolators
- Thermocouple Converters
- Pulse Converters
- Load Cell Converters
- By Application:
- Water and Wastewater Treatment Industry
- Mining Industry
- Power Industry
- Oil and Gas Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Signal Converter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Industrial Signal Converter is a device that can be used to convert between different types of industrial signals. This can be useful for devices that need to interface with industrial systems, or for people who work in industries where there are many different types of signals.
Some of the major players in the industrial signal converter market are ABB, Emerson Electric, General Electric, Schneider Electric, Siemens, Dwyer Instruments, Honeywell, OMRON, Pepperl+Fuchs, PHOENIX CONTACT, ABB.
The industrial signal converter market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Industrial Signal Converter Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Industrial Signal Converter Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Signal Converter Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Industrial Signal Converter Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Industrial Signal Converter Market Size & Forecast, 2018-2028
4.5.1 Industrial Signal Converter Market Size and Y-o-Y Growth
4.5.2 Industrial Signal Converter Market Absolute $ Opportunity
Chapter 5 Global Industrial Signal Converter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Industrial Signal Converter Market Size Forecast by Type
5.2.1 Isolators
5.2.2 Thermocouple Converters
5.2.3 Pulse Converters
5.2.4 Load Cell Converters
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Signal Converter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Industrial Signal Converter Market Size Forecast by Applications
6.2.1 Water and Wastewater Treatment Industry
6.2.2 Mining Industry
6.2.3 Power Industry
6.2.4 Oil and Gas Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Signal Converter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Industrial Signal Converter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Industrial Signal Converter Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Signal Converter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Industrial Signal Converter Market Size Forecast by Type
9.6.1 Isolators
9.6.2 Thermocouple Converters
9.6.3 Pulse Converters
9.6.4 Load Cell Converters
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Industrial Signal Converter Market Size Forecast by Applications
9.10.1 Water and Wastewater Treatment Industry
9.10.2 Mining Industry
9.10.3 Power Industry
9.10.4 Oil and Gas Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Industrial Signal Converter Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Signal Converter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Industrial Signal Converter Market Size Forecast by Type
10.6.1 Isolators
10.6.2 Thermocouple Converters
10.6.3 Pulse Converters
10.6.4 Load Cell Converters
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Industrial Signal Converter Market Size Forecast by Applications
10.10.1 Water and Wastewater Treatment Industry
10.10.2 Mining Industry
10.10.3 Power Industry
10.10.4 Oil and Gas Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Industrial Signal Converter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Signal Converter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Industrial Signal Converter Market Size Forecast by Type
11.6.1 Isolators
11.6.2 Thermocouple Converters
11.6.3 Pulse Converters
11.6.4 Load Cell Converters
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Industrial Signal Converter Market Size Forecast by Applications
11.10.1 Water and Wastewater Treatment Industry
11.10.2 Mining Industry
11.10.3 Power Industry
11.10.4 Oil and Gas Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Industrial Signal Converter Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Signal Converter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Industrial Signal Converter Market Size Forecast by Type
12.6.1 Isolators
12.6.2 Thermocouple Converters
12.6.3 Pulse Converters
12.6.4 Load Cell Converters
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Industrial Signal Converter Market Size Forecast by Applications
12.10.1 Water and Wastewater Treatment Industry
12.10.2 Mining Industry
12.10.3 Power Industry
12.10.4 Oil and Gas Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Industrial Signal Converter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Signal Converter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Industrial Signal Converter Market Size Forecast by Type
13.6.1 Isolators
13.6.2 Thermocouple Converters
13.6.3 Pulse Converters
13.6.4 Load Cell Converters
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Industrial Signal Converter Market Size Forecast by Applications
13.10.1 Water and Wastewater Treatment Industry
13.10.2 Mining Industry
13.10.3 Power Industry
13.10.4 Oil and Gas Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Industrial Signal Converter Market: Competitive Dashboard
14.2 Global Industrial Signal Converter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Emerson Electric
14.3.3 General Electric
14.3.4 Schneider Electric
14.3.5 Siemens
14.3.6 Dwyer Instruments
14.3.7 Honeywell
14.3.8 OMRON
14.3.9 Pepperl+Fuchs
14.3.10 PHOENIX CONTACT
14.3.11 ABB
