#Iiot

[riya2510]

The Industrial IoT Revolution: Market Forecast and Leading Players to Watch in 2023–2031

Industrial IoT Market Report: Growth, Trends, and Future Outlook

The Industrial Internet of Things (IIoT) represents a transformative wave in industrial operations, leveraging the power of connected devices, sensors, and advanced analytics to optimize processes, improve efficiency, and unlock new business opportunities. IIoT connects machines, devices, sensors, and systems to collect and analyze data in real time, enabling industries to achieve smarter decision-making, reduce operational costs, and enhance productivity.

The global Industrial IoT (IIoT) market was valued at USD 334.53 billion in 2022 and is projected to reach USD 2,916.21 billion by 2031, growing at an impressive CAGR of 27.2% during the forecast period (2023–2031). This rapid growth highlights the increasing demand for IoT-enabled technologies across various industrial sectors, making IIoT a vital part of the digital transformation process in manufacturing, supply chains, and infrastructure.

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Key Trends in the Industrial IoT Market

Increased Adoption of Smart Manufacturing: Manufacturers are embracing IIoT for process automation, predictive maintenance, real-time monitoring, and supply chain optimization. This trend is expected to continue as more companies focus on reducing downtime and improving product quality through connected devices.

Advancements in Edge Computing and AI Integration: The rise of edge computing is reducing latency, enabling faster data processing at the source. Integrating AI and machine learning with IIoT systems allows industries to gain insights from real-time data, improving decision-making capabilities.

Focus on Cybersecurity: As the number of connected devices increases, so does the potential vulnerability to cyberattacks. Ensuring robust cybersecurity measures within IIoT systems is becoming a top priority for businesses.

5G Connectivity: The rollout of 5G technology is enhancing the capabilities of IIoT by offering faster and more reliable communication between connected devices. This enables applications that require low latency, such as autonomous vehicles and real-time remote monitoring.

Sustainability and Energy Efficiency: Industries are increasingly adopting IIoT technologies to improve energy efficiency, reduce emissions, and support sustainability goals. Sensors and data analytics enable more efficient resource management, leading to reduced waste and energy consumption.

Industrial IoT Market Size and Share

The IIoT market is witnessing substantial growth across various regions, driven by technological advancements, an increasing number of connected devices, and the need for automation. The major industrial sectors benefiting from IIoT include manufacturing, energy, automotive, pharmaceuticals, and more. Businesses are investing heavily in IIoT to streamline their operations, reduce operational costs, and ensure more efficient use of resources.

The market is also being driven by increasing government initiatives aimed at fostering smart city projects, digital infrastructure, and sustainable industrial practices. As industries continue to digitize their operations, the demand for IIoT solutions is poised to grow exponentially.

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Industrial IoT Market Statistics

The global market value was USD 334.53 billion in 2022.

The market is expected to grow to USD 2,916.21 billion by 2031, with a CAGR of 27.2% during the forecast period (2023–2031).

North America holds a significant share of the market, driven by the adoption of advanced industrial technologies and the presence of key players like Cisco, IBM, and Honeywell.

Asia Pacific (APAC) is expected to witness the highest growth due to rapid industrialization, increasing investments in smart factories, and government support for smart manufacturing initiatives.

Regional Trends and Impact

North America: The North American region, particularly the United States and Canada, dominates the global IIoT market due to a robust manufacturing base, the presence of key technology companies, and early adoption of IoT-enabled technologies. The region’s focus on automation, smart factories, and energy efficiency has led to a high demand for IIoT solutions.

Asia Pacific (APAC): APAC is expected to witness the fastest growth in the IIoT market, primarily driven by the increasing industrialization in countries like China, Japan, and India. The region's push towards smart manufacturing, government initiatives supporting industrial automation, and rapid adoption of advanced technologies like AI, robotics, and 5G are propelling the growth of the IIoT market.

Europe: Europe is another key region for IIoT, driven by strong industrial sectors such as automotive, chemicals, and energy. The European Union’s focus on Industry 4.0 and digital transformation is increasing the demand for IIoT technologies across manufacturing, energy, and logistics.

LAMEA (Latin America, Middle East, and Africa): While still a developing market, the LAMEA region is showing significant potential for IIoT growth, especially in industries such as oil and gas, utilities, and agriculture. Increased investment in infrastructure and digitalization is expected to drive the demand for IIoT solutions in these regions.

Industrial IoT Market Segmentation

By Offering

Hardware:

Industrial Robots: These robots are essential for automating repetitive tasks in industries such as manufacturing and automotive, improving efficiency and reducing errors.

Industrial PC: Industrial PCs are used for data processing, monitoring, and control in industrial environments.

Industrial Sensors: Sensors play a critical role in collecting data from machines and devices to monitor conditions like temperature, pressure, and vibration.

Distributed Control System (DCS): DCS solutions enable centralized control of industrial processes, helping manage large-scale production systems.

Smart Meters: Smart meters are essential for monitoring and managing energy consumption in industries, contributing to energy efficiency.

Human Machine Interface (HMI): HMIs provide a visual interface for operators to interact with industrial control systems.

Control Devices: Devices that help regulate and control industrial processes, ensuring smooth operations.

Software: Software solutions in IIoT are used for data collection, processing, analytics, and visualization. These software tools enable industries to derive actionable insights from the vast amount of data generated by IIoT devices.

Services:

Training & Consulting Services: These services help organizations integrate IIoT technologies into their existing systems and operations.

Support and Maintenance Services: These services ensure that IIoT solutions continue to operate efficiently and without disruption.

By Connectivity

Wired Connectivity:

Ethernet: Provides high-speed, reliable data transmission for industrial applications.

Fieldbus: Used in process control systems for connecting field devices and control systems.

Wireless Connectivity:

Wi-Fi, Bluetooth, Cellular Connectivity, Satellite Connectivity: Wireless connectivity solutions offer flexibility and scalability for IIoT applications, especially in large industrial environments.

By End-use Industry

Aerospace and Defense

Automotive

Chemicals

Energy & Power

Food & Beverage

Metal and Mining

Oil & Gas

Pharmaceutical

Semiconductor & Electronics

Others (Healthcare, Water & Wastewater, etc.)

Each of these industries is increasingly adopting IIoT technologies to improve operational efficiency, ensure product quality, reduce costs, and enhance safety.

Market Segmentation with Insights-Driven Strategy Guide: https://straitsresearch.com/report/industrial-iot-market/segmentation

Top Players in the Industrial IoT Market

Several companies are leading the way in the IIoT market, providing innovative solutions and services:

Huawei Technology Co., Ltd.

Cisco

General Electric

Schneider Electric

Rockwell Automation

ABB

Texas Instruments

Honeywell

IBM

KUKA AG

NEC Corporation

Bosch

Siemens AG

SAP

Endress+Hauser

Accenture PLC

STMicroelectronics

These companies are at the forefront of developing and implementing IIoT solutions, helping industries to leverage IoT technologies for better efficiency, safety, and profitability.

Table of Contents for the Industrial IoT Market Report: https://straitsresearch.com/report/industrial-iot-market/toc

Conclusion

The Industrial IoT market is experiencing rapid growth as industries worldwide adopt connected devices, advanced analytics, and automation to enhance productivity, reduce costs, and improve decision-making. With significant investments in IIoT infrastructure, the market is poised to expand substantially in the coming years, especially in sectors such as manufacturing, energy, automotive, and pharmaceuticals. As technologies like AI, 5G, and edge computing continue to evolve, the potential for IIoT to drive industrial transformation will only increase, presenting enormous opportunities for businesses and industries to embrace the future of connected manufacturing and operations.

About Straits Research

Straits Research is a leading provider of market research and intelligence services. With a focus on high-quality research, analytics, and advisory, our team offers actionable insights tailored to clients’ strategic needs.

Contact Us Email: sales@straitsresearch.com Address: 825 3rd Avenue, New York, NY, USA, 10022 Tel: UK: +44 203 695 0070, USA: +1 646 905 0080

[icnweb]

티센크루프, 엔지니어링 생성형 AI '지멘스 인더스트리얼 코파일럿' 도입

산업 엔지니어링을 위한 생성형 AI 어시스트턴스로 엔지니어링 운영 혁신 제공 Siemens Industrial Copilot accelerates the generation of complex automation code, reduces development times, and increases productivity (image. siemens) [아이씨엔 오승모 기자] 지멘스 디지털 인더스트리는 산업 환경에서 엔지니어링을 지원하는 최초의 생성형 AI 기반 어시스턴트 ‘지멘스 인더스트리얼 코파일럿(Siemens Industrial Copilot)’을 티센크루프 오토메이션 엔지니어링(thyssenkrupp Automation Engineering)이 도입한다고 공개했다. 현재 시장에서 유일하게 자동화…

[maryyclark]

Industrial Ethernet: The Backbone of Modern Automation

Latest Research Report on “Industrial Ethernet Market Market” | Survey with Valuable Insights

The 2024 market research report for Industrial Ethernet Market Market offers a comprehensive analysis of the industry, covering key aspects such as trends, opportunities, risks, and drivers. It provides a detailed evaluation of the market's revenue, size, and volume, while also assessing the product portfolios, capacities, and revenues of leading companies. Additionally, the report delves into various industry segments.

According to Straits Research, the global industrial ethernet market size was valued at USD 12.6 billion in 2024 and is projected to grow from USD 13.5 billion in 2025 to reach USD 24.6 billion by 2033, exhibiting a CAGR of 7.8% during the forecast period (2025-2033).

The report emphasizes the Industrial Adhesive market, examining its overall size, segment size (including product type, application, and geography), competitive landscape, current status, and development trends. It also offers strategic insights for companies to navigate the challenges posed by COVID-19.

Get a sample PDF of the report at https://straitsresearch.com/report/industrial-ethernet-market/request-sample

Latest Trends in the Industrial Ethernet Market

Adoption of Industry 4.0: The adoption of Industrial Ethernet solutions is being further accelerated by the drive towards Industry 4.0. Businesses are using these technologies more and more to improve smart factory automation, networking, and real-time data processing.

Integration with IIoT: The Industrial Ethernet market is expanding due in large part to the emergence of the Industrial Internet of Things (IIoT). By facilitating smooth communication between sensors and equipment, IIoT improves operational efficiency and data analytics.

Transition from Conventional Fieldbus Systems: Modern Industrial Ethernet solutions are notably replacing conventional Fieldbus systems because of their increased speed and dependability for data transfer.

The idea of "smart factories" is becoming more popular, and industrial Ethernet is key to facilitating real-time monitoring and machine-to-machine communication, both of which are necessary for effective operations.

Technological Developments: New developments like Power over Ethernet (PoE), Time-Sensitive Networking (TSN), and Single Pair Ethernet (SPE) are expanding the capabilities of Industrial Ethernet and improving its suitability for contemporary industrial applications.

Focus on Cybersecurity: Concerns about cybersecurity are growing along with connection. Creating secure industrial Ethernet solutions is becoming more and more important to guard against possible cyberthreats in industrial settings.

Key Statistics

Market Growth: Estimated at $10.5 billion in 2023, the Industrial Ethernet market is expected to reach $24.6 billion by 2033, growing at a compound annual growth rate (CAGR) of 8% from 2024 to 2032.

Projected Growth: According to a different forecast, the market is expected to grow by $43.52 billion between 2023 and 2028, with a compound annual growth rate (CAGR) of 13.29%.

Market Share: Compared to 68% the year before, industrial Ethernet now makes up 71% of the global market for recently installed nodes in factory automation.

Protocol Popularity: PROFINET has a dominant market share of 23% in industrial Ethernet, closely followed by EtherNet/IP (21%), and EtherCAT (16%).

TOP Key Industry Players of the Industrial Ethernet Market Market

Cisco Systems, Inc.

Siemens

Rockwell Automation

OMRON Corporation

Moxa Inc.

Phoenix Contact

Belden Inc.

ABB

Schneider Electric

Bosch Rexroth AG 

Industrial Ethernet Market Market Segmental Analysis

As a result of the Industrial Ethernet Market market segmentation, the market is divided into sub-segments based on product type, application, as well as regional and country-level forecasts.

By Type

Hardware

Software

Services

By Protocol

EtherCAT

EtherNet/IP

PROFINET

POWERLINK

SERCOS III

CC-Link IE

By End-User

Automotive & Transportation

Oil and Gas

Energy & Power

Food & Beverages

Chemical & Fertilizer

Electrical & Electronics

Aerospace & Defense

Others

You can check In-depth Segmentation from here: @ https://straitsresearch.com/report/industrial-ethernet-market/request-sample

Regional Analysis Industrial Ethernet Market Market

The regional analysis section of the report offers a thorough examination of the global Industrial Ethernet Market market, detailing the sales growth of various regional and country-level markets. It includes precise volume analysis by country and market size analysis by region for both past and future periods. The report provides an in-depth evaluation of the growth trends and other factors impacting the Industrial Ethernet Market market in key countries, such as the United States, Canada, Mexico, Germany, France, the United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil, and Saudi Arabia. Moreover, it explores the progress of significant regional markets, including North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.

Regional Analysis

Market Share: With more than 38% of the global market share in 2023, North America is the largest market for industrial Ethernet, with a valuation of around $10.5 billion.

The area gains from a heavy emphasis on Industry 4.0 efforts and a well-established industrial infrastructure. Demand is primarily driven by the automotive, aerospace, and energy sectors, where automation and IoT integration are highly desired.

Europe is expected to develop at a compound annual growth rate (CAGR) of 16.07% until 2031. The area is leading the way in the use of smart industrial concepts and digital technologies.

About 35.77% of the global industrial Ethernet market, which was estimated to be worth $9.22 billion in 2023, was accounted for by the Asia-Pacific region. The greatest CAGR is anticipated in this region because of the quick industrialization and urbanization.

New Additions in the 2024 Report:

Expanded Industry Overview: The report now includes a more comprehensive and detailed industry overview.

In-Depth Company Profiles: Enhanced profiles providing deeper insights into key industry players.

Customized Reports and Analyst Support: Tailored reports and direct access to analyst support available upon request.

Insights on Market Developments: Updated information on recent market trends and future growth opportunities.

Regional/Country-Specific Customization: Reports tailored to specific regions and countries according to your needs.

Key Highlights

Examine the Industrial Ethernet Market Market: This includes an introduction, analysis of product types and applications, an overview of the market, and a country-by-country market analysis. The study also explores market opportunities, risks, and driving forces.

Profile Manufacturers: The research focuses on manufacturers of Industrial Ethernet Market, including detailed profiles, primary business activities, recent news, sales, pricing, revenue, and market share.

Competitive Landscape Overview: Provide an overview of the competitive landscape among the world's leading manufacturers, highlighting their sales, revenue, and market share.

Market Segmentation Analysis: Illustrate the market segmented by type and application, with detailed breakdowns of sales, price, revenue, market share, and growth rate for each segment.

Regional Market Analysis: Analyze key regions, including North America, Europe, Asia Pacific, the Middle East, and South America. This includes sales, revenue, and market share data segmented by manufacturers, types, and applications.

Production Cost Investigation: Investigate production costs, essential raw materials, and the production methods used in the industry.

Reasons to Purchase This Report:

Access to Comprehensive Information: Gain access to an extensive collection of analysis, research, and data that would be challenging to acquire independently. This report offers valuable insights, saving you considerable time and effort.

Enhanced Decision-Making: Equip yourself with detailed insights into market trends, consumer behavior, and key industry factors. This report provides essential information for strategic planning, including decisions on investments, product development, and marketing strategies.Achieving Competitive Advantage: Stay ahead in your industry by understanding market dynamics and competitor strategies. This report delivers deep insights into competitor performance and market trends, enabling you to craft effective business strategies and maintain a competitive edge.

Credibility and Reliability: Trust in the expertise of industry professionals and the accuracy of thoroughly researched data. Authored by experts and grounded in rigorous research and analysis, this report enhances credibility and reliability.

Cost-Effective Research: Reduce research expenses by investing in this comprehensive report instead of conducting independent research. It provides a cost-effective means of accessing detailed analysis and insights on a specific topic without requiring extensive resources.

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About Straits Research

Straits Research is dedicated to providing businesses with the highest quality market research services. With a team of experienced researchers and analysts, we strive to deliver insightful and actionable data that helps our clients make informed decisions about their industry and market. Our customized approach allows us to tailor our research to each client's specific needs and goals, ensuring that they receive the most relevant and valuable insights.

Contact Us

Email: sales@straitsresearch.com

Address: 825 3rd Avenue, New York, NY, USA, 10022

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[chemicalmarketwatch-sp]

Unlocking the Potential of Industrial Precision with Flow Meters

Flow meters have become indispensable tools in various industries, measuring the movement of liquids and gases with high accuracy. As industrial processes become more complex and demand greater efficiency, the flow meter market is seeing remarkable growth, driven by technological advancements and the need for optimized fluid management.

Overview of Market Growth

In 2024, the global flow meter market is on track to hit approximately USD 9.1 billion, with projections indicating it could grow to USD 12.6 billion by 2029, expanding at a 6.7% compound annual growth rate (CAGR). This growth is largely fueled by industries such as oil & gas, water treatment, chemical processing, and power generation, all of which require precise fluid monitoring for safety, efficiency, and compliance.

Importance Across Industries

Flow meters play a critical role across industries by ensuring accurate measurement of liquid and gas flow. In sectors like oil & gas, the reliability of these meters impacts production quality and safety, preventing costly mishaps such as leaks or inefficient energy use. In the water and wastewater management sectors, flow meters contribute to resource conservation, ensuring systems are running smoothly while complying with environmental regulations.

In industries that are highly regulated, such as pharmaceuticals and food & beverage, the precision provided by flow meters is paramount for maintaining quality control. Flow meters are also key in the renewable energy sector, where they help in monitoring biofuel production and improving energy efficiency.

Technological Advancements and IIoT Integration

The rapid adoption of advanced technologies is reshaping the flow meter market. The advent of digital flow meters, integrated with Industrial Internet of Things (IIoT) technology, has revolutionized how industries monitor and optimize their systems. These devices offer real-time data, predictive analytics, and enhanced diagnostic features. By harnessing IIoT, flow meters provide continuous insights, allowing operators to proactively address potential issues, reduce downtime, and increase operational efficiency.

Furthermore, the growing sophistication of flow meter technologies is reflected in the diversification of product types. Flow meters like Coriolis, ultrasonic, magnetic, and vortex meters are all tailored for specific industrial requirements. Coriolis meters, for example, are known for their accuracy in mass flow measurement, making them ideal for industries such as oil & gas. Meanwhile, ultrasonic and electromagnetic flow meters are extensively used in sectors that deal with conductive fluids, such as wastewater treatment.

Leading Players and Competitive Strategies

Top companies like Emerson Electric Co. and Siemens AG are pushing the boundaries of innovation in the flow meter space. Their products are designed to meet the evolving demands of multiple industries. Siemens AG, for instance, has developed ultrasonic and electromagnetic flow meters that are highly efficient in various industrial applications, while Emerson Electric is recognized for its state-of-the-art Coriolis and magnetic flow meters, which are widely used in hazardous environments.

These key players are not only focused on product innovation but are also strategically expanding their market presence through acquisitions and collaborations. Such strategies enable them to diversify their product offerings and expand into new markets, particularly in regions with growing industrial infrastructure, such as Asia-Pacific and the Middle East.

Future Trends in the Flow Meter Market

Looking ahead, the flow meter market is expected to continue evolving in response to both technological and regulatory pressures. Sustainability is becoming a crucial focus across industries, with governments worldwide implementing stricter regulations around energy efficiency and environmental conservation. Flow meters will play a vital role in helping industries meet these regulatory requirements by providing accurate measurements of water, air, and energy usage, thereby minimizing waste and emissions.

The push towards smart manufacturing and the implementation of Industry 4.0 will further accelerate the demand for advanced flow meters. As more industries transition to fully automated and interconnected production systems, the ability to remotely monitor and control processes via IIoT-enabled devices will be essential. This integration will lead to smarter, more sustainable operations, with flow meters at the heart of process optimization.

Download PDF Brochure : 

Flow meters are becoming increasingly important in driving operational efficiency and ensuring industrial safety across multiple sectors. The market’s growth trajectory, supported by ongoing technological advancements and the increasing need for precision, positions it for continued expansion in the coming years. Companies like Emerson Electric and Siemens AG are at the forefront of this evolution, constantly innovating to meet the diverse needs of global industries. With trends like IIoT, sustainability, and smart manufacturing leading the way, flow meters are set to remain a cornerstone of industrial progress well into the future.

[melssblog]

We added a new IoT device to our Sixdime range – the Sixdime Swas, which monitors environmental factors such as ambient temperature, relative humidity, pressure, particulate matter and VOC, and also provides the Internal Air Quality (IAQ) index. The data can be transmitted in real time over WiFi Connectivity and ethernet for quick decision making to avoid costly downtimes, improve productivity and increase profitability. This plug-and-play device does not have any external hardware requirements. It not only works with server based applications but also cloud based applications. It can be integrated with other Sixdime applications as well.

[sdreatechprivatelimited]

Key benefits of IIoT Automation 🚀

Industrial IoT automation provides multiple benefits that can improve manufacturing and industrial processes more easily. 📈

Here are some key benefits of IIoT automation that can help you.

To learn in detail, click the link below. ⬇ https://sdreatech.com/the-power-of-iiot-in-automation . . .

[icnweb]

지멘스, 공작 기계 프로그래밍 기능 강화한 Solid Edge 2025 출시

향상된 데이터 관리, 협업 기능, 통합 기계/전기 설계, 시뮬레이션, 공작 기계 프로그래밍 기능 강화 Solid Edge 2025에는 모델링 속도 향상, 판금 설계를 위한 에칭과 벤딩 기능 개선, 모델 기반 정의(MBD) 생성 간소화를 위한 다양한 개선 사항이 포함돼 있다 (image. 지멘스) 지멘스 디지털 인더스트리 소프트웨어(Siemens Digital Industries Software)는 제품 개발 소프트웨어에 신규 기능을 추가한 Solid Edge® 소프트웨어의 2025년 릴리스를 발표했다. Solid Edge 2025에는 모델링 속도 향상, 판금 설계를 위한 에칭과 벤딩 기능 개선, 모델 기반 정의(Model Based Definition, MBD) 생성 간소화를 위한 다양한 개선 사항이…

[vinnovatetechnologies]

Revolutionize your operations with vInnovate Technologies' Industrial IIoT Solutions!

Unlock real-time data insights and automated processes with our IIoT dashboard, combining:

OT Data collection

Machine analytics

Data integration

Application enablement and more

From predictive maintenance to asset health monitoring, optimize Overall Equipment Effectiveness (OEE) and minimize downtime. Embrace smart manufacturing and harness the power of data-driven decisions for unparalleled efficiency also maximize your machinery's potential!

Website: https://www.vinnovatetechnologies.com/ For more info: https://www.vinnovatetechnologies.com/vEchoInsights.php

You can message directly or mail us at: contact@vinnovatetechnologies.com