Signal Conditioning Market Worth 817.5 Million USD by 2022
21 Oct, 2016, 16:00 BST
PUNE, India, October 21, 2016 /PRNewswire/ --
According to this market research report "Signal Conditioning Market by Form Factor (Din Rail- Or Rack-Mounted Modules, Modular or Standalone Modules), Input Type (Temperature, Process, Frequency and LVDT/RVDT), Application, End-User Industry, and Geography - Global Forecast to 2022", published by MarketsandMarkets. 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.
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Browse 64 market data Tables and 78 Figures spread through 175 Pages and in-depth TOC on "Signal Conditioning Market"
http://www.marketsandmarkets.com/Market-Reports/signal-conditioning-market-102041706.html
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Factors such as rising demand for signal conditioners from the water & wastewater industry, transition from traditional data acquisition systems to PC based systems, high investments in infrastructure, growing need for industrial automation processes, rising necessity to comply with government policies and regulations, and strong distribution channels of the manufacturers are driving the growth of the SCM market.
Energy & power expected to hold the largest market share during the forecast period
The energy & power industry held the largest share of the SCM market in 2015, followed by the oil & gas and water & wastewater industries. In the energy & power industry, heavy machineries are used such as turbines, reciprocating engines, and photovoltaic cells/panels for generating electricity. The use of proper signal conditioning offers a great opportunity for the power providers to run their operations continuously with improved operational efficiency. Nuclear power plants are always at risk of electrical discharge or power surges. Isolation of these signals from potential grounding problems is mandatory; signal conditioners eliminate these grounding concerns.
The market for LVDT/RVDT expected to grow at the highest rate between 2016 and 2022
LVDT/RVDT signal conditioners have applications in gas and steam turbine control systems, paper head box control, reeler/dereeler control systems, bridge deflection testing, industrial conveyor belt tension, surface expansion or compression, and remote monitoring. Easy installation, ease of operation, different input/output options to accommodate varying PLC analog I/O requirements, and configuration of multiple-unit synchronization are some of the key factors fueling the demand for LVDT/RVDT signal conditioners worldwide.
The SCM market in APAC likely to grow at the highest rate during forecast period
APAC is a rapidly growing market for signal conditioning modules. The SCM market in APAC is expected to grow at the highest rate during the forecast period. The implementation of instrumentation and industrial automation in this region is on the rise due to the growing necessity for increase in production rates, high-quality products, and safe industrial operations. With the growing industrial sector, countries such as China, Japan, India, and South Korea are gaining substantial share in the signal conditioning modules market.
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The major players operating in the SCM 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.
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