Industrial Wireless Automation Global Market Intelligence Report Offers Key Futuristic Top Trends, Research Methodology and Competitive Landscape By 2033

Industrial Wireless Automation Market
Spread the love

Overview and Scope
Industrial wireless automation refers to the use of wireless technology to automate and control industrial processes, enabling remote monitoring, data collection, and operation without the need for physical connections or wires. It enhances flexibility, scalability, and efficiency in industrial operations while reducing installation costs and enabling real-time decision-making.

Sizing and Forecast
The industrial wireless automation market size has grown strongly in recent years. It will grow from $4.8 billion in 2023 to $5.18 billion in 2024 at a compound annual growth rate (CAGR) of 8%.  The growth in the historic period can be attributed to increased demand for remote monitoring and control, remote monitoring and control, demand for real-time data, increased productivity.

The industrial wireless automation market size is expected to see strong growth in the next few years. It will grow to $7.08 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%.  The growth in the forecast period can be attributed to expansion of IoT and edge computing, demand for remote monitoring and predictive maintenance, growth of smart manufacturing and industrial IoT. Major trends in the forecast period include integration with industry 4.0 initiatives, rapid adoption of 5G technology, AI and machine learning integration, focus on cybersecurity.

To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/industrial-wireless-automation-global-market-report

Segmentation & Regional Insights
The industrial wireless automation market covered in this report is segmented –

1) By Product: Process Industry, Discrete Industry
2) By Organization: Large Enterprise, Small And Medium-sized Enterprises (SMEs)
3) By Application: Oil And Gas, Petrochemical, Water And Wastewater, Energy, Other Applications

North America was the largest region in the industrial wireless automation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial wireless automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14938&type=smp

Major Driver Impacting Market Growth
The rising automotive industry is expected to propel the growth of the industrial wireless automation market going forward. The rising automotive industry is due to a combination of economic, technological, regulatory, and societal factors and the adoption of cleaner and more efficient vehicles. Wireless automation systems can facilitate real-time monitoring and control of manufacturing equipment and processes. This enables manufacturers to optimize production throughput, minimize downtime, and identify and address issues promptly. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based intergovernmental organization, global motor vehicle production reached 85.4 million units in 2022, marking a 5.7% increase compared to the previous year. Therefore, the rising automotive industry is driving the growth of the market.

Key Industry Players
Major companies operating in the industrial wireless automation market are Siemens AG, Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Eaton Corporation plc, Emerson Electric Co., Rockwell Automation Inc., Omron Corporation, Phoenix Contact GmbH & Co KG, Endress+Hauser AG, Yokogawa Corporation of America, Belden Inc, Rittal GmbH & Co KG, Advantech Co Ltd, Sick AG, Weidmüller Interface GmbH & Co KG, HARTING Technology Group, Pepperl+Fuchs AG, B&R Industrial Automation GmbH, Digi International Inc, Moxa, Turck Holding GmbH, Banner Engineering Corp., OleumTech Corporation, ProSoft Technology Inc.

The industrial wireless automation market report table of contents includes:
1. Executive Summary

  1. Industrial Wireless Automation Market Characteristics
  2. Industrial Wireless Automation Market Trends And Strategies
  3. Industrial Wireless Automation Market – Macro Economic Scenario
  4. Global Industrial Wireless Automation Market Size and Growth

…..

  1. Global Industrial Wireless Automation Market Competitive Benchmarking
  2. Global Industrial Wireless Automation Market Competitive Dashboard
  3. Key Mergers And Acquisitions In The Industrial Wireless Automation Market
  4. Industrial Wireless Automation Market Future Outlook and Potential Analysis
  5. Appendix

Explore the trending research reports from TBRC:
https://topprnews.com/animal-health-market-share

https://topprnews.com/bioprocess-analyzers-market

https://topprnews.com/autonomous-boats-market-growth

https://goodprnews.com/airlines-market

https://goodprnews.com/a2-milk-market

https://goodprnews.com/5g-core-network-market

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info

Healthcare Blog: https://healthcareresearchreports.com

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model


Spread the love

About Top PR News

TopPRnews Leads Drives Search Engine Visibility For Your Press Release Content. Our Global Network Reaches Important Contacts, Media Partners And Websites And Journalists. Happy Postings! If You Have Any Queries Please Contact Official Mail At [[email protected]}

View all posts by Top PR News →