The total world market for I/O modules was $6.1 billion in 2009, 15% less than in 2008. The future underlying growth primarily comes from the performance of the control systems markets that use I/O modules; it varies with the control platform, including PLC, DCS and PC control.
From 2009 to 2014, faster than average growth rates, (CAGRs of 8.9% and 10.3% respectively) are forecast for PLC and PC-based I/O. They are used mainly in discrete industries, which were hit badly particularly by the situation in the automotive industry and machinery production from the end of 2008. However, these industries benefited from large government stimulus packages in all major industrial nations in 2009, so that machinery production has been growing again since early 2010. The PLC and PC-based I/O market, in turn, has shown signs it will grow from 2010.
Although DCS I/Os, primarily used in process industries, were not as badly affected, their market is forecast not to pick up again until 2011.
Market For IO Modules
future growth varies with the control platform
- September 10, 2010
- 10288 views
Market For IO Modules
Graduated in political sciences and international relations in Paris, Anis joined the team in early 2019. Editor for IEN Europe and the new digital magazine AI IEN, he is a new tech enthusiast. Also passionate about sports, music, cultures and languages.
