The Global Market for Industrial Wireless Sensor Networks is Projected to Reach US$920 Million by 2020

Investments in Advanced Industrial Technologies to Drive the Industrial Wireless Sensor Networks Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Industrial Wireless Sensor Networks (IWSN). The global market for Industrial Wireless Sensor Networks is projected to reach US$920 million by 2020, driven by growing demand for advanced technology solutions that help enhance the efficiency, productivity and profitability of manufacturing operations.

The manufacturing industry is currently challenged by factors such as volatile raw material prices, globalization-driven issues such as supply chain fragmentation, stringent  regulations, and growing pressure on profit margins. To remain competitive under the current scenario requires focus on improving efficiencies and achieving operational excellence. Manufacturing plants are therefore investing significant resources into modernizing production processes and infrastructure with advanced technologies and concepts like robotics, and use of sensors for process control and automation. Automation technologies in this regard are currently in the spotlight given their ability to enable plant supervisors, managers, engineers and workers to monitor and manage plant operations in a more efficient and resourceful manner. Wired automation technologies, against this backdrop, are increasingly being replaced by wireless technologies like RF, Zigbee, GSM, WI-Fi and Bluetooth for achieving remote control operation. Industrial Wireless Sensor Network (IWSN), with its ability to measure various parameters in industrial processes and communicate the same with plant operators, is steadily emerging as a robust tool that enables efficient and seamless operation of a manufacturing facility.

Leveraging its unique ability to blend with legacy plant systems to establish full-scale, reliable monitoring & control strategies, IWSN enables manufacturers to monitor and measure various production critical parameters such as temperature, humidity, lighting, movement, and energy consumption among others. IWSN also provides a flexible and reliable approach for environmental sensing, equipment condition monitoring, and process & service monitoring, while bestowing manufacturers with advantages such as convenience and reduced costs, ease of maintenance, and superior performance as compared to wired sensor infrastructure. Adoption of IWSN is rising in numerous sectors such as oil & gas, refineries & petrochemicals, power, food processing, mining & metals, pharmaceutical & health care, pulp & paper, textiles, chemicals, and automotive, among others. The evolution of Industrial Internet of Things (IIoT), where all mechanical, electrical and electronics devices and equipment are brought under the digital fold, is also expected to spur the growth of smart robotics and sensor networks. Rising use of wearable devices such as connected accessories, smart watches, and smart glasses in industrial environments, is also expected to positively influence growth in the IWSN market. In addition, the market is witnessing the use of cost-effective cloud services for IWSN deployments, which is expected to infuse additional interest in IWSN among small and medium-sized manufacturers.

As stated by the new market research report on Industrial Wireless Sensor Networks (IWSN), the United States represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a projected CAGR of 13.2% over the analysis period. China along with other industrializing countries such as South Korea, Taiwan, India, Thailand, and Malaysia are poised to spur future growth in the region.

Major players in the market include ABB Ltd., Apprion Inc., Atmel Corporation, Digi International Inc., Emerson Process Management, Endress+Hauser AG, Freescale Semiconductor, Inc., Honeywell Process Solutions, Lantronix Inc., Linear Technology Corporation, Millennial Net Inc., Schneider Electric SA , Siemens AG, STMicroelectronics, Texas Instruments, Yokogawa Electric Corporation, among others.

The research report titled “Industrial Wireless Sensor Networks (IWSN): A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, growth drivers, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections in US$ for geographic markets such as US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World.