AS-Interface Market Worth 1,158.5 Million USD by 2023
PUNE, India, July 10, 2017 /PRNewswire/ --
The report "AS-Interface Market by Component (AS-I Slave, AS-I Gateway, AS-I Power Supply, AS-I Cable), Application (Material Handling, Drive Control, Building Automation), Industry, and Geography - Global Forecast to 2023", published by MarketsandMarkets™, AS-Interface market is expected to be valued at USD 1,158.5 Million by 2023, growing at a CAGR of 4.3% between 2017 and 2023. Factors that are driving the growth of the market include the rise of adoption of process automation in the process industry; support from the government for the adoption of industrial automation in various industries; and simple, easy, and fast installation of AS-Interface system with a minimum number of cables.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 38 Market Data Tables and 47 Figures spread through 128 Pages and in-depth TOC on "AS-Interface Market - Global Forecast to 2023"
http://www.marketsandmarkets.com/Market-Reports/as-interface-market-241006140.html
Early buyers will receive 10% customization on this report
"AS-i gateway component in AS-Interface market expected to hold the largest market size during the forecast period"
AS-i master represents the connection to the controller or to a host fieldbus system. It is responsible for the link connection to the higher-level control system with other devices enabling the smooth flow of data and commands given to the slaves. The master communicates and manages data transfer from the data cable and checks the signals received, sets the parameters, sends commands to the slaves, and monitors the working of the slaves. It enables the effective controlling, monitoring, and execution of the manufacturing process.
Download PDF Brochure : http://www.marketsandmarkets.com/pdfdownload.asp?id=241006140
"The food & beverage industry expected to hold the largest market size and also expected to grow at the highest rate between 2017 and 2023"
The growth of food and industry is recognized by the increasing consumption of food & beverages. The packaged food industry includes baked goods, convenience food, dairy, and confectionaries, all require regular manufacturing that uses AS-Interface. AS-Interface cable makes the processing flow easy and smooth in conveying lines. The motors and controllers are connected with AS-Interface for the effective communication between the devices. This industry involves application such as material handling and drives control that enhances the growth of the AS-Interface market.
"The material handling application is expected to hold the major market share and also grow at the highest rate of the AS-Interface market in 2023"
AS-Interface is used in material handling that includes various activities such as loading and transporting the material from one place to another. The material handling uses AS-Interface in the airport for the baggage handling. The baggage handling system uses a large number of sensors that directly contact AS-interface that helps in precisely localizing the baggage on conveyor belts. The belt conveyors are preferred to transport bulk material due to their ability to transport a large variety of materials from point to point.
"The AS-Interface market in APAC is expected to hold the largest market share and also grow at the highest rate between 2017 and 2023"
The APAC region consists most of the developing countries such as India, China, and South Korea. The AS-Interface market in South Korea is mainly driven by the increasing applications in automobiles, shipbuilding, and mining, among others. AS-Interface cable is used in building automation for various purposes such as fire/smoke dampers, monitoring, and diagnostics. The existence of multiple infrastructure projects in South Korea drives the AS-Interface market. The APAC market for AS-Interface is also supported by various exhibitions and summits such as Industrial Open-Net Exhibition Japan 2017, CIIF Industrial Automation Show Shanghai 2017, Industrial Network Exhibition Japan (Osaka) 2017 that are expected to be held for promoting the AS-Interface technologies.
Inquiry Before Buy @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=241006140
The major players in the AS-Interface market includes Bihl+Wiedemann GmbH (Germany), ifm electronic gmbh (Germany), Siemens AG (Germany), Valmet Corporation (Finland), Pepperl+Fuchs GmbH (Germany), Baumer Electric AG (Switzerland), ABB Ltd. (Switzerland), Emerson Electric Co. (US), Phoenix Contact GmbH & Co. KG (Germany), and Schneider Electric SE (France).
Browse Related Reports
Industrial Communication Market by Offering (Component, Software, and Services), Communication Protocol (Fieldbus, Industrial Ethernet, and Wireless), End-Use Application, and Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/industrial-communication-market-146536397.html
Industrial Ethernet Market by Offering (Hardware, Software, and Services), Protocol (EtherNet/IP, PROFINET, Modbus TCP, POWERLINK, CC-Link IE, EtherCAT, and Sercos III), End-User Industry, and Geography - Global Forecast to 2022
http://www.marketsandmarkets.com/Market-Reports/industrial-ethernet-market-198318524.html
Subscribe Reports from Semiconductor Domain @ http://www.marketsandmarkets.com/Knowledgestore.asp
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Tel: +1-888-600-6441
Email: [email protected]
Visit Our Blog@ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Share this article