The global industrial wireless instrumentation market was valued at USD 2,556 million in 2021 to USD 5,511 million by 2028, progressing at a CAGR of 11.6% from 2022 to 2028, according to Gen Consulting Company.
This industry report offers market estimates of the global market, followed by a detailed analysis of the component, application, end user, and region. The global market data on industrial wireless instrumentation can be segmented by component: hardware, services. The hardware segment is estimated to account for the largest share of the global industrial wireless instrumentation market. Industrial wireless instrumentation market is further segmented by application: asset management, process control and monitoring, safety and security alarms, communication, others. The asset management segment held the largest revenue share in 2021. Based on end user, the industrial wireless instrumentation market is segmented into: manufacturing, oil, gas and petrochemical, power generation, others. Globally, the manufacturing segment made up the largest share of the industrial wireless instrumentation market. On the basis of region, the industrial wireless instrumentation market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW). North America was the largest contributor to the global industrial wireless instrumentation market in 2021.
The hardware market is further segmented into adapters, input/output modules, sensors, transmitters/transceivers, others. The sensors segment held the largest share of the global industrial wireless instrumentation market in 2021 and is anticipated to hold its share during the forecast period.
The global industrial wireless instrumentation market is highly competitive. The report also includes the profiles of leading companies such as ABB Ltd., Eaton Corporation, Emerson Electric Corporation, Endress+Hauser AG, General Electric Company (GE), Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, STMicroelectronics N.V., Texas Instruments Inc., Yogokawa Electric Corporation.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 11.6% |
| Pages | 24 |
| Key Players | ABB Ltd., Eaton Corporation, Emerson Electric Corporation, Endress+Hauser AG, General Electric Company (GE), Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, STMicroelectronics N.V., Texas Instruments Inc., Yogokawa Electric Corporation |
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