Industrial Wireless Market in Process Industries|$ 2.70 billion growth expected during 2021-2025|17000+ Technavio Research Reports
NEW YORK, June 11, 2021 /PRNewswire/ — The industrial wireless market in the process industries is expected to grow by USD 2.70 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the industrial wireless market in the process industries in optimistic, probable, and pessimistic forecast scenarios.
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With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Major Three Industrial Wireless Market In Process Industries Market Participants:
ABB Ltd. offers TropOS mesh routers, antennas, wireless I/O modules, wireless sensor/actuator interfaces, and wireless power supplies for the industrial and process automation sector.
Belden Inc. offers industrial wireless solutions such as OpenBAT Wireless platform, BAT450-F Industrial Wireless LAN Access Points, BAT867-R Industrial Wireless Access Points, Wireless LAN controller, and BAT-C Wireless LAN Client for process industries.
Cisco Systems Inc.
Cisco Systems Inc. offers a range of industrial wireless solutions under the Cisco Aironet Series and Cisco Industrial Wireless 3700 Series.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/industrial-wireless-market-in-process- industries-industry-analysis
Industrial Wireless Market In Process Industries 2021-2025: Segmentation
The industrial wireless market in process industries is segmented as below:
- Power Industry
- Water And Wastewater Industry
- North America
- The Middle East and Africa
- South America
The industrial wireless market in the process industries is driven by the reduction in installation and retrofit costs. In addition, the enhancing connectivity in businesses is expected to trigger the industrial wireless market in the process industries toward witnessing a CAGR of over 10% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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