Albany, NY -- (SBWIRE) -- 03/22/2017 -- The ratio of input to output channels in a typical remote I/O module varies with application needs. The input and output signals to a remote I/O module can be analog, digital, or discrete. The digital and discrete input and output signal-based I/O modules are more popular than analog-based signals for all the three controller classes.

Technavios analysts forecast the global remote I/O modules market to grow at a CAGR of 5.7% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global remote I/O modules market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales and aftermarket services of remote I/O modules.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Remote I/O Modules Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
ABB
Emerson Electric
Rockwell Automation
Siemens

Other prominent vendors
Acromag
Advantech
B&R
Beckhoff Automation
Festo
GE
Hitachi
IDEC
Mitsubishi Electric
Eaton
National Instruments
OMRON
Parsec Automation
Pepperl + Fuchs
Turck Automation
Wago
Azbil
Yokogawa

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Market driver
Greater proliferation of Ethernet-based remote I/O modules in process and discrete automation
For a full, detailed list, view our report

Market challenge
Capital expenditure cuts by major oil and gas companies
For a full, detailed list, view our report

Market trend
Reduction in prices of raw materials
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?