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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.
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.
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.
Key Topics Covered:
Chapter 1 Introduction
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)
