Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Protocol Converters Market by Type (RS-232/485/CAN Converter, E1/Ethernet Protocol Converter), By Application (Utilities, Industrial Automation) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Protocol Converters Market by Type (RS-232/485/CAN Converter, E1/Ethernet Protocol Converter), By Application (Utilities, Industrial Automation) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 157529 3300 Machinery & Equipment 377 236 Pages 4.6 (49)

Market Overview:

The global protocol converters market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the protocol converters market can be attributed to the increasing demand for industrial automation and utilities applications across the globe. Additionally, the growing trend of smart cities is also expected to fuel the growth of the protocol converters market during the forecast period. On basis of type, RS-232/485/CAN converter segment is projected to hold a dominant position in global protocol converters market during forecast period owing to its widespread use in various industrial applications such as process control, robotics, and machine vision among others.

Global Protocol Converters Industry Outlook

Product Definition:

Protocol converters are used to convert data between different communication protocols. This is important because it allows different devices to communicate with each other, even if they use different protocols.

RS-232/485/CAN Converter:

RS-232/485/CAN (Remote System/Local System) converter is a device that enables a local system to communicate with another remote system. It provides conversion of serial data streams into parallel data streams and vice versa. RS- 232 and RS-485 are used for communication between computers, while the CAN bus is used in automotive applications. The growth factor in Protocol Converters market is increasing demand from emerging economies such as India, China, Brazil etc.

E1/Ethernet Protocol Converter:

E1/Ethernet Protocol Converter is a device that translates the Ethernet frames between different protocols such as ATM, PPP, and IP. It's used in protocol converters to translate the Ethernet packets into the appropriate format for transmission over an interface of another protocol. The E1/Ethernet converter supports full-duplex communication and can operate at speeds ranging from 10 Mbps to 100 Mbps.

Application Insights:

The industry has been segmented on the basis of application into utilities, industrial automation and others. The utility segment accounted for a major share in 2016 and is expected to maintain its dominance over the forecast period. This can be attributed to growing demand from end-use industries such as power generation, oil & gas, telecoms and transportation among others. Growing demand for smart grid technology across various regions is also expected to drive protocol converters market growth over the forecast period.

Industrial automation is anticipated to witness considerable growth during the study period owing to increasing use of protocol converters in industrial applications such as process control systems used in manufacturing facilities along with other devices that are connected through network cables or wireless connections that operate at data rates up to 1Mbps or higher. Protocol converter enables communication between different types of networks enabling smooth flow of data between them while maintaining compatibility with both types of networks simultaneously supporting multiple protocols including EtherNet/IP (used mainly for Industrial Internet).

Regional Analysis:

The Asia Pacific region is expected to emerge as the fastest-growing market over the forecast period. The growth can be attributed to increasing industrial automation and rising demand for programmable gateways in China, Japan, and India. Moreover, rising adoption of cloud technology along with growing IT spending will drive regional market growth over the next eight years.

Europe is also estimated to witness considerable growth during the same period owing to early adoption of industry standards by countries such as Germany and U.K., which has led them being a major contributor in terms of revenue generation across all regions since 2015 edition till date.

Growth Factors:

  • Increasing demand for protocol converters in data centers to manage the ever-growing volume of data traffic
  • Proliferation of smart devices and the Internet of Things (IoT) is expected to drive the growth of protocol converters market
  • Rising demand for high-speed communication protocols such as 10 Gigabit Ethernet (10 GbE) and 40 Gigabit Ethernet (40 GbE) is also expected to fuel the growth of protocol converters market
  • Growing popularity of cloud services is also anticipated to boost the adoption rate of protocol converters in various applications
  • Stringent government regulations related to data security are likely to create opportunities for protocol converter vendors

Scope Of The Report

Report Attributes

Report Details

Report Title

Protocol Converters Market Research Report

By Type

RS-232/485/CAN Converter, E1/Ethernet Protocol Converter

By Application

Utilities, Industrial Automation

By Companies

Monico, Inc., Ultra Electronics DNE Technologies, Hilscher, Phoenix Contact, Advantech, Red Lion, Toshiba International Corporation, Deutschmann Automation, Sopto, Westermo, ICP DAS, Odot Automation, RLE Technologies, iGrid T&D, 3onedata

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Protocol Converters Market Report Segments:

The global Protocol Converters market is segmented on the basis of:


RS-232/485/CAN Converter, E1/Ethernet Protocol Converter

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.


Utilities, Industrial Automation

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:

  1. Monico, Inc.
  2. Ultra Electronics DNE Technologies
  3. Hilscher
  4. Phoenix Contact
  5. Advantech
  6. Red Lion
  7. Toshiba International Corporation
  8. Deutschmann Automation
  9. Sopto
  10. Westermo
  11. ICP DAS
  12. Odot Automation
  13. RLE Technologies
  14. iGrid T&D
  15. 3onedata

Global Protocol Converters Market Overview

Highlights of The Protocol Converters Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. RS-232/485/CAN Converter
    2. E1/Ethernet Protocol Converter
  1. By Application:

    1. Utilities
    2. Industrial Automation
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Protocol Converters 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

Global Protocol Converters Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Protocol converters are devices that allow you to change the format of data sent over a network. They can be used to convert between different types of protocols, such as TCP/IP and Ethernet.

Some of the major companies in the protocol converters market are Monico, Inc., Ultra Electronics DNE Technologies, Hilscher, Phoenix Contact, Advantech, Red Lion, Toshiba International Corporation, Deutschmann Automation, Sopto, Westermo, ICP DAS, Odot Automation, RLE Technologies, iGrid T&D, 3onedata.

The protocol converters market is expected to grow at a compound annual growth rate of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Protocol Converters Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Protocol Converters Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Protocol Converters Market - Supply Chain
   4.5. Global Protocol Converters Market Forecast
      4.5.1. Protocol Converters Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Protocol Converters Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Protocol Converters Market Absolute $ Opportunity

5. Global Protocol Converters Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Protocol Converters Market Size and Volume Forecast by Type
      5.3.1. RS-232/485/CAN Converter
      5.3.2. E1/Ethernet Protocol Converter
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Protocol Converters Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Protocol Converters Market Size and Volume Forecast by Application
      6.3.1. Utilities
      6.3.2. Industrial Automation
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Protocol Converters Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Protocol Converters Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Protocol Converters Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Protocol Converters Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Protocol Converters Demand Share Forecast, 2019-2026

9. North America Protocol Converters Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Protocol Converters Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Protocol Converters Market Size and Volume Forecast by Application
      9.4.1. Utilities
      9.4.2. Industrial Automation
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Protocol Converters Market Size and Volume Forecast by Type
      9.7.1. RS-232/485/CAN Converter
      9.7.2. E1/Ethernet Protocol Converter
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Protocol Converters Demand Share Forecast, 2019-2026

10. Latin America Protocol Converters Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Protocol Converters Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Protocol Converters Market Size and Volume Forecast by Application
      10.4.1. Utilities
      10.4.2. Industrial Automation
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Protocol Converters Market Size and Volume Forecast by Type
      10.7.1. RS-232/485/CAN Converter
      10.7.2. E1/Ethernet Protocol Converter
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Protocol Converters Demand Share Forecast, 2019-2026

11. Europe Protocol Converters Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Protocol Converters Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Protocol Converters Market Size and Volume Forecast by Application
      11.4.1. Utilities
      11.4.2. Industrial Automation
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Protocol Converters Market Size and Volume Forecast by Type
      11.7.1. RS-232/485/CAN Converter
      11.7.2. E1/Ethernet Protocol Converter
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market AttractivenessGrowth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Protocol Converters Demand Share, 2019-2026

12. Asia Pacific Protocol Converters Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Protocol Converters Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Protocol Converters Market Size and Volume Forecast by Application
      12.4.1. Utilities
      12.4.2. Industrial Automation
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Protocol Converters Market Size and Volume Forecast by Type
      12.7.1. RS-232/485/CAN Converter
      12.7.2. E1/Ethernet Protocol Converter
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Protocol Converters Demand Share, 2019-2026

13. Middle East & Africa Protocol Converters Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Protocol Converters Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Protocol Converters Market Size and Volume Forecast by Application
      13.4.1. Utilities
      13.4.2. Industrial Automation
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Protocol Converters Market Size and Volume Forecast by Type
      13.7.1. RS-232/485/CAN Converter
      13.7.2. E1/Ethernet Protocol Converter
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Protocol Converters Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Protocol Converters Market: Market Share Analysis
   14.2. Protocol Converters Distributors and Customers
   14.3. Protocol Converters Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Monico, Inc. Overview Financials Developments Strategic Outlook
      14.4.2. Ultra Electronics DNE Technologies Overview Financials Developments Strategic Outlook
      14.4.3. Hilscher Overview Financials Developments Strategic Outlook
      14.4.4. Phoenix Contact Overview Financials Developments Strategic Outlook
      14.4.5. Advantech Overview Financials Developments Strategic Outlook
      14.4.6. Red Lion Overview Financials Developments Strategic Outlook
      14.4.7. Toshiba International Corporation Overview Financials Developments Strategic Outlook
      14.4.8. Deutschmann Automation Overview Financials Developments Strategic Outlook
      14.4.9. Sopto Overview Financials Developments Strategic Outlook
      14.4.10. Westermo Overview Financials Developments Strategic Outlook
      14.4.11. ICP DAS Overview Financials Developments Strategic Outlook
      14.4.12. Odot Automation Overview Financials Developments Strategic Outlook
      14.4.13. RLE Technologies Overview Financials Developments Strategic Outlook
      14.4.14. iGrid T&D Overview Financials Developments Strategic Outlook
      14.4.15. 3onedata Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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