The Global Industrial Wireless Instrumentation Market generated revenue of around USD 2,992 million in 2021 and is anticipated to grow a CAGR of over 11.24% during the forecast period from 2021 to 2028 to reach around USD 6,802 million in 2028. While, cumulative growth opportunity presented by the global Industrial Wireless Instrumentation is around USD 35.85 billion during 2022 to 2028.
Global Industrial Wireless Instrumentation Market, 2021 – 2028 (USD Million)
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The growth of the industrial wireless instrumentation market can be attributed to the fast expansion of the industrial manufacturing segment and the increasing use of industrial IoT apparatus. Another factor driving industrial wireless instrumentation market growth is the reduced installation cost that is lower than wired equipment.
The industrial wireless instrumentation is also expanding owing to investments for modernizing industrial units in Europe and North America along with increasing government efforts to expand the industrial sector in developing countries belonging to Africa, the Middle East, and the Asia Pacific.
Hardware to Held the Largest Share
Hardware and Services are some of the important types of Industrial Wireless Instrumentation market. Although, service is growing in demand owing to wide acceptance from end-users, hardware segment held the largest share in 2020. Hardware segment held over 60% share in 2021. Hardware segment can be further bifurcated into Sensors, Transmitters/Transceivers, Wireless Adapters, Input/Output Modules and Other Accessories. Sensors accounted for over 25% share in total revenue generated by the global Industrial Wireless Instrumentation Hardware market in 2021.
Process Control and Monitoring to Grow at Rapid Pace
Asset Management, Process Control and Monitoring, Safety and Security Alarms, Communication Equipment and Others are major applications of the global Industrial Wireless Instrumentation industry. Process Control and Monitoring is most important segment of the global Industrial Wireless Instrumentation market and held over 30% share in 2021. While, asset management segment is likely to grow at a rapid pace over the forecast period.
Oil & Gas and Power Generation to Hold Largest Share
Oil and Gas, Chemical and Petrochemical, Marine & Mining, Power Generation and Others are some of the major end-users of Industrial Wireless Instrumentation. Oil & gas and power generation segment is leading the demand for Industrial Wireless Instrumentation followed by petrochemical and chemicals segment. On the other hand, marine and mining segments also held the significant position and anticipated to grow at an attractive CAGR.
U.S. is Leading Industrial Wireless Instrumentation Demand
U.S. is leading the Industrial Wireless Instrumentation industry with over 35% share in 2021. Availability of advanced technology, early response to the new technology by end-users, higher purchasing power parity and high level of awareness among end-users regarding security, flexibility and efficiency of the manufacturing process is leading to increasing adoption of Industrial Wireless Instrumentation in the region. While, China, Japan and South Korea are poised to play important role in global Industrial Wireless Instrumentation market. On the other hand, Europe held second position in revenue generation of Industrial Wireless Instrumentation market with string growth of UK, Germany and France.
Major players operating in the global Industrial Wireless Instrumentation market include Siemens Ag, Monnit Corp., Honeywell International Inc., General Electric Co., Endress + Hauser Group Services Ag, Emerson Electric Co., Eaton Corp., Schneider Electric, Rockwell Autmomation Inc., Beanair, Banner Engineering Corp., Ametek Inc., ABB Ltd., Phoenix Contact Gmbh & Co. Kg, Omega Engineering Inc., Yokogawa Electric Corp., United Electric Controls, Texas Instruments Inc., STMicroelectronics N.V., Oleumtech Corp. and National Instruments Corp. Global Industrial Wireless Instrumentation market is characterized by the presence of large number of manufacturers across the world.
Market Segmentation
Global Industrial Wireless Instrumentation Market by Type, 2016 – 2028
- Hardware
- Sensors
- Transmitters/Transceivers
- Wireless Adapters
- Input/Output Modules
- Other Accessories
- Services
Global Industrial Wireless Instrumentation Market by Application, 2016 – 2028
- Asset Management
- Process Control and Monitoring
- Safety and Security Alarms
- Communication Equipment
- Others
Global Industrial Wireless Instrumentation Market by End-user, 2016 – 2028
- Oil and Gas
- Chemical and Petrochemical
- Marine & Mining
- Power Generation
- Others
Global Industrial Wireless Instrumentation Market by Company, 2016 – 2028
- Siemens Ag
- Monnit Corp.
- Honeywell International Inc.
- General Electric Co.
- Endress + Hauser Group Services Ag
- Emerson Electric Co.
- Eaton Corp.
- Schneider Electric
- Rockwell Autmomation Inc.
- Beanair
- Banner Engineering Corp.
- Ametek Inc.
- ABB Ltd.
- Phoenix Contact Gmbh & Co. Kg
- Omega Engineering Inc.
- Yokogawa Electric Corp.
- United Electric Controls
- Texas Instruments Inc.
- STMicroelectronics N.V.
- Oleumtech Corp.
- National Instruments Corp.
- Others
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Table of Content:
Table of Content
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Industrial Wireless Instrumentation Market
3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Industrial Wireless Instrumentation Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Production
3.3.2. Type
3.3.2.1. Hardware
3.3.3. Application
3.3.4. End-user
3.3.5. Geography
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis
4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players
5. COVID 19 Impact Analysis
5.1. Global Industrial Wireless Instrumentation Market Pre Vs Post COVID 19, 2019 - 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply
6. North America
6.1. North America Industrial Wireless Instrumentation Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Industrial Wireless Instrumentation Market, by Type, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Hardware
6.2.2.1. Sensors
6.2.2.2. Transmitters/Transceivers
6.2.2.3. Wireless Adapters
6.2.2.4. Input/Output Modules
6.2.2.5. Other Accessories
6.2.3. Services
6.3. North America Industrial Wireless Instrumentation Market, by Application, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Asset Management
6.3.3. Process Control and Monitoring
6.3.4. Safety and Security Alarms
6.3.5. Communication Equipment
6.3.6. Others
6.4. North America Industrial Wireless Instrumentation Market, by End-user, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. Oil and Gas
6.4.3. Chemical and Petrochemical
6.4.4. Marine & Mining
6.4.5. Power Generation
6.4.6. Others
7. Europe
7.1. Europe Industrial Wireless Instrumentation Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Spain
7.1.7. Belgium
7.1.8. Netherland
7.1.9. Austria
7.1.10. Sweden
7.1.11. Poland
7.1.12. Denmark
7.1.13. Switzerland
7.1.14. Rest of Europe
7.2. Europe Industrial Wireless Instrumentation Market, by Type, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Hardware
7.2.2.1. Sensors
7.2.2.2. Transmitters/Transceivers
7.2.2.3. Wireless Adapters
7.2.2.4. Input/Output Modules
7.2.2.5. Other Accessories
7.2.3. Services
7.3. Europe Industrial Wireless Instrumentation Market, by Application, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. Asset Management
7.3.3. Process Control and Monitoring
7.3.4. Safety and Security Alarms
7.3.5. Communication Equipment
7.3.6. Others
7.4. Europe Industrial Wireless Instrumentation Market, by End-user, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Oil and Gas
7.4.3. Chemical and Petrochemical
7.4.4. Marine & Mining
7.4.5. Power Generation
7.4.6. Others
8. Asia Pacific
8.1. Asia Pacific Industrial Wireless Instrumentation Market, by Country, 2016-2028(US$ Bn)
8.1.1. China
8.1.2. Japan
8.1.3. South Korea
8.1.4. India
8.1.5. Australia
8.1.6. New Zealand
8.1.7. Taiwan
8.1.8. Southeast Asia
8.1.9. Central Asia
8.1.10. Rest of Asia Pacific
8.2. Asia Pacific Industrial Wireless Instrumentation Market, by Type, 2016-2028(US$ Bn)
8.2.1. Overview
8.2.2. Hardware
8.2.2.1. Sensors
8.2.2.2. Transmitters/Transceivers
8.2.2.3. Wireless Adapters
8.2.2.4. Input/Output Modules
8.2.2.5. Other Accessories
8.2.3. Services
8.3. Asia Pacific Industrial Wireless Instrumentation Market, by Application, 2016-2028(US$ Bn)
8.3.1. Overview
8.3.2. Asset Management
8.3.3. Process Control and Monitoring
8.3.4. Safety and Security Alarms
8.3.5. Communication Equipment
8.3.6. Others
8.4. Asia Pacific Industrial Wireless Instrumentation Market, by End-user, 2016-2028(US$ Bn)
8.4.1. Overview
8.4.2. Oil and Gas
8.4.3. Chemical and Petrochemical
8.4.4. Marine & Mining
8.4.5. Power Generation
8.4.6. Others
9. Latin America
9.1. Latin America Industrial Wireless Instrumentation Market, by Country, 2016-2028(US$ Bn)
9.1.1. Brazil
9.1.2. Argentina
9.1.3. Peru
9.1.4. Chile
9.1.5. Colombia
9.1.6. Rest of Latin America
9.2. Latin America Industrial Wireless Instrumentation Market, by Type, 2016-2028(US$ Bn)
9.2.1. Overview
9.2.2. Hardware
9.2.2.1. Sensors
9.2.2.2. Transmitters/Transceivers
9.2.2.3. Wireless Adapters
9.2.2.4. Input/Output Modules
9.2.2.5. Other Accessories
9.2.3. Services
9.3. Latin America Industrial Wireless Instrumentation Market, by Application, 2016-2028(US$ Bn)
9.3.1. Overview
9.3.2. Asset Management
9.3.3. Process Control and Monitoring
9.3.4. Safety and Security Alarms
9.3.5. Communication Equipment
9.3.6. Others
9.4. Latin America Industrial Wireless Instrumentation Market, by End-user, 2016-2028(US$ Bn)
9.4.1. Overview
9.4.2. Oil and Gas
9.4.3. Chemical and Petrochemical
9.4.4. Marine & Mining
9.4.5. Power Generation
9.4.6. Others
10. Middle East
10.1. Middle East Industrial Wireless Instrumentation Market, by Country, 2016-2028(US$ Bn)
10.1.1. UAE
10.1.2. KSA
10.1.3. Israel
10.1.4. Turkey
10.1.5. Iran
10.1.6. Rest of Middle East
10.2. Middle East Industrial Wireless Instrumentation Market, by Type, 2016-2028(US$ Bn)
10.2.1. Overview
10.2.2. Hardware
10.2.2.1. Sensors
10.2.2.2. Transmitters/Transceivers
10.2.2.3. Wireless Adapters
10.2.2.4. Input/Output Modules
10.2.2.5. Other Accessories
10.2.3. Services
10.3. Middle East Industrial Wireless Instrumentation Market, by Application, 2016-2028(US$ Bn)
10.3.1. Overview
10.3.2. Asset Management
10.3.3. Process Control and Monitoring
10.3.4. Safety and Security Alarms
10.3.5. Communication Equipment
10.3.6. Others
10.4. Middle East Industrial Wireless Instrumentation Market, by End-user, 2016-2028(US$ Bn)
10.4.1. Overview
10.4.2. Oil and Gas
10.4.3. Chemical and Petrochemical
10.4.4. Marine & Mining
10.4.5. Power Generation
10.4.6. Others
11. Africa
11.1. Africa Industrial Wireless Instrumentation Market, by Country, 2016-2028(US$ Bn)
11.1.1. South Africa
11.1.2. Egypt
11.1.3. Nigeria
11.1.4. Rest of Africa
11.2. Africa Industrial Wireless Instrumentation Market, by Type, 2016-2028(US$ Bn)
11.2.1. Overview
11.2.2. Hardware
11.2.2.1. Sensors
11.2.2.2. Transmitters/Transceivers
11.2.2.3. Wireless Adapters
11.2.2.4. Input/Output Modules
11.2.2.5. Other Accessories
11.2.3. Services
11.3. Africa Industrial Wireless Instrumentation Market, by Application, 2016-2028(US$ Bn)
11.3.1. Overview
11.3.2. Asset Management
11.3.3. Process Control and Monitoring
11.3.4. Safety and Security Alarms
11.3.5. Communication Equipment
11.3.6. Others
11.4. Africa Industrial Wireless Instrumentation Market, by End-user, 2016-2028(US$ Bn)
11.4.1. Overview
11.4.2. Oil and Gas
11.4.3. Chemical and Petrochemical
11.4.4. Marine & Mining
11.4.5. Power Generation
11.4.6. Others
12. Global
12.1. Global Industrial Wireless Instrumentation Market, by Type, 2016-2028(US$ Bn)
12.1.1. Overview
12.1.2. Hardware
12.1.2.1. Sensors
12.1.2.2. Transmitters/Transceivers
12.1.2.3. Wireless Adapters
12.1.2.4. Input/Output Modules
12.1.2.5. Other Accessories
12.1.3. Services
12.2. Global Industrial Wireless Instrumentation Market, by Application, 2016-2028(US$ Bn)
12.2.1. Overview
12.2.2. Asset Management
12.2.3. Process Control and Monitoring
12.2.4. Safety and Security Alarms
12.2.5. Communication Equipment
12.2.6. Others
12.3. Global Industrial Wireless Instrumentation Market, by End-user, 2016-2028(US$ Bn)
12.3.1. Overview
12.3.2. Oil and Gas
12.3.3. Chemical and Petrochemical
12.3.4. Marine & Mining
12.3.5. Power Generation
12.3.6. Others
13. Company Profiles
13.1. Siemens Ag
13.2. Monnit Corp.
13.3. Honeywell International Inc.
13.4. General Electric Co.
13.5. Endress + Hauser Group Services Ag
13.6. Emerson Electric Co.
13.7. Eaton Corp.
13.8. Schneider Electric
13.9. Rockwell Autmomation Inc.
13.10. Beanair
13.11. Banner Engineering Corp.
13.12. Ametek Inc.
13.13. ABB Ltd.
13.14. Phoenix Contact Gmbh & Co. Kg
13.15. Omega Engineering Inc.
13.16. Yokogawa Electric Corp.
13.17. United Electric Controls
13.18. Texas Instruments Inc.
13.19. STMicroelectronics N.V.
13.20. Oleumtech Corp.
13.21. National Instruments Corp.
13.22. Others
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