LONDON, Nov. 1, 2016 /PRNewswire/ -- "The SCM market is likely to grow at a CAGR of 5.46% during the forecast period."
The signal conditioning modules (SCM) market was valued at USD 561.2 million in 2015 and is expected to reach USD 817.5 million by 2022, at a CAGR of 5.46% during the forecast period. The market growth can be attributed to the rising demand for signal conditioners from the water & wastewater, food & beverages, and energy & power industries. However, stringent compliances/certifications in various geographies are creating barriers for various manufacturers pertaining to the sales of SCM across these geographies. For instance, For instance, the ATEX directive is valid within the European Union (EU) and the European Free Trade Association (EFTA) Western European nations. It applies to machinery components, devices, protective devices, and controllers that are to be used in hazardous areas. The C-Tick marking directive is valid in Australia.
"The SCM market for process control applications is expected to grow at the highest rate during the forecast period."
The SCM market for process control applications is expected to grow at the highest rate during the forecast period. Signal conditioners in process control applications separate the supply voltage from the input and output circuits and enable the analog circuit to operate with one operating voltage. Moreover, signal conditioners electrically separate input as well as output signals from each other. This eliminates the differences caused by common reference points and provides protection against irrevocable damage caused by overvoltages.
"The SCM market in APAC is expected to grow at the highest rate during the forecast period."
The signal conditioning modules market in APAC is expected to grow at the highest rate during the forecast period. This market growth can be attributed to the increasing investments in the industrial automation sector by major economies such as China, Japan, South Korea, and India in this region. Moreover, factors such as huge economic growth and the rising demand for energy, food & beverages, and oil & gas have led to an increase in the implementation of signal conditioners in data acquisition and process control applications; this, in turn, is driving the growth of the signal conditioning modules market in APAC.
Below is the breakdown of the profiles of the primary participants:
- By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
- By Designation: C-Level Executives - 35%, Directors - 25%, and Others - 40%
- By Region: Americas - 45%, Europe - 20%, APAC - 30%, and RoW- 5%
The major companies operating in the global signal conditioning modules market include AMETEK, Inc. (U.S.), Linear Technology Corp. (U.S.), Analog Devices Inc. (U.S.), Keysight Technologies (U.S.), National Instruments, Corp. (U.S.), TE Connectivity Ltd. (Switzerland), Rockwell Automation, Inc. (U.S.), Weidmüller Interface GmbH & Co. KG (Germany), and Yokogawa Electric Corp. (Japan), among others.
In this report, various segments of the market such as form factor, application, end-user industry, input type, and geography have been covered. It also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. The report gives a detailed view of the market across four main regions: the Americas, Europe, APAC, and RoW (comprising the Middle East and Africa). The Porter's five forces analysis has been included in the report, along with the description of each of its forces and their impact on the said market.
Reasons to buy the report:
- This report includes statistics pertaining to the SCM market, by form factor, application, end-user industry, input type, and geography, along with their respective market size (in terms of value and volume for the input type segment).
- The Porter's five forces analysis and value chain analysis, along with the key strategies adopted by the market players, have been provided for the SCM market.
- Major drivers, restraints, opportunities and, challenges for the SCM market have been provided in detail in this report.
- The report includes illustrative segmentation, analysis, and forecast for the SCM market based on its segments and subsegments.
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