Signal Conditioning Modules Market revenue to reach USD 1.89 Billion by 2036, says Research Nester
Leading signal conditioning modules market players include Siemens, Schneider Electric, Phoenix Contact GmbH & Co. KG, TE Connectivity Ltd., ABB, AMETEK, Inc., Keysight Technologies, Inc., Advantech Co., Ltd., and Pepperl+Fuchs.
New York, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The global signal conditioning modules market size is predicted to expand at ~4% CAGR between 2024 and 2036. The market is projected to garner a revenue of USD 1.89 billion by the end of 2036, up from a revenue of ~USD 1.18 billion in the year 2023.The contributing factor that is anticipated to increase market size over the coming years is the surging demand for signal conditioning modules in wastewater treatment facilities. The United States Environmental Protection Agency (US EPA) has calculated that there are between 23,000 and 75,000 sanitary sewer overflows per year. Amounts of untreated waste released annually from sewage treatment facilities range from 3 billion to 10 billion gallons.
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Additionally, the market for signal conditioning modules is expected to expand during the projected period due to shifting trends and expanding innovations in the food and beverage industries. Innovation is strongly ingrained in the food and beverage sector, as evidenced by the fact that 94% of respondents reported that their organizations invest in innovation. Signal conditioning modules play a crucial role in electronics and automation systems by preparing and enhancing analog signals for more accurate and reliable processing. These modules are essential in various industries, including industrial automation, automotive, telecommunications, and scientific research. Signal conditioners filter out unwanted noise, interference, or high-frequency components from the signals to enhance their quality.
*Increasing Demand for Signal Conditioning Modules across the Globe to Boost Market Growth*
Market expansion is anticipated to be aided by rising demand for remote control systems combined with conventional isolation. Technology-driven advances in the creation of efficient processes are also probably to benefit growth. Additionally, expanding product application potential as a result of its benefits is anticipated to drive the signal conditioning modules market. In developing countries like India, Brazil, and Mexico, industrial automation is becoming increasingly important due to its benefits, which include high productivity, high flexibility, high safety, and high information accuracy. In some design scenarios, the expanding R&D has produced some superior microelectromechanical systems and sensor signal conditioning. Modern technology has moved past analog sensors to include piezoelectric sensors. Microelectromechanical systems (MEMS) sensor is employed in signal conditioning circuits because of their great sensitivity. Thus, the development of the portable signal conditioning market is being driven by creative designs utilizing microelectromechanical system (MEMS) technology. For instance, Robert Bosch GmbH said in February 2022 that it would invest USD 296 million to increase semiconductor output and address the global shortage.
*Signal Conditioning Modules Market: Regional Overview*
The market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
*Expanding Industrial Automation and IoT Adoption to Drive the Market Growth in North America Region*
The signal conditioning modules market in the North America region is estimated to garner the largest revenue by the end of 2036. The widespread adoption of industrial automation and the Internet of Things (IoT) is a significant driver for signal conditioning modules. These modules play a crucial role in interfacing with sensors and transducers, ensuring accurate data acquisition in automated processes. In North America, industries are increasingly reliant on precise data collection and analysis to optimize processes and ensure product quality. Signal conditioners are essential for enhancing data accuracy and reliability, making them indispensable. The "2020 Global Data Management Report" by Experian revealed that 96% of organizations view data accuracy as a critical factor for their operations and decision-making. Various industries in North America, including healthcare, energy, and automotive, have stringent safety and compliance regulations. Signal conditioners are crucial for ensuring that data meets these standards and that measurement systems are in compliance.
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*Rising Telecommunications Sector to Propel the Growth in the Asia Pacific Region*
The Asia Pacific signal conditioning modules market is estimated to garner the highest CAGR by the end of 2036. The rapid adoption of industrial automation and Industry 4.0 concepts across the Asia Pacific is a significant catalyst for signal conditioning modules. These modules play a pivotal role in interfacing with sensors and transducers, ensuring precise data acquisition in automated industrial processes. The telecommunications industry in Asia Pacific is experiencing substantial growth, with a focus on the expansion of networks, the deployment of 5G technology, and the need for precise signal conditioning to optimize network performance. GSMA's "The Mobile Economy Asia Pacific 2021" report highlights that Asia Pacific is the largest and fastest-growing mobile market globally, with over 2.8 billion unique subscribers. The healthcare sector in Asia Pacific places a premium on data accuracy and reliability. Signal conditioning modules are integral to medical devices, enabling precise data acquisition for diagnostic and treatment purposes. The region is embracing sustainable energy sources such as solar and wind power. Signal conditioning modules are essential for the accurate monitoring and control of energy generation and distribution in these sectors.
*Signal Conditioning Modules, Segmentation by Form*
· DIN Rail-/Rack-Mounted Modules
· Standalone/Modular Modules
Amongst these segments, the DIN rail-/rack-mounted modules segment in signal conditioning modules market is anticipated to hold the largest share over the forecast period. The DIN/rail/rack-mounted modules are utilized in potentiometers, thermocouples, RTDs, DC to AC, and AC to DC converters and accept a variety of signals that are used in computers, televisions, etc. Research estimates that there will be 1.72 billion TV households worldwide in 2021. The source claims that by 2026, this number will have surpassed 1.8 billion. Over the past few decades, more Americans have become television owners, with over 96% of households in the United States having a television as of 2021. These modules are perfect for industrial use because of their wide range of applications and high-density installation applications, which raises demand.
*Signal Conditioning Modules, Segmentation by Application*
· Data Acquisition
· Process Control
Amongst these segments, the data acquisition segment in signal conditioning modules market is anticipated to hold a significant share over the forecast period. The growing adoption of industrial automation and the integration of the Internet of Things (IoT) have led to an increased need for precise data acquisition in various industrial processes. Signal conditioning modules, as part of data acquisition systems, ensure accurate and reliable data. The field of scientific research, including materials science, environmental monitoring, and medical research, relies on accurate data acquisition. Signal conditioning modules are integral to scientific instruments that demand precise data for experiments and analyses. The expanding telecommunications and networking sector demands high-performance data acquisition systems to optimize network performance and ensure efficient data transmission. Signal conditioning modules play a crucial role in this industry. According to a report, most of the world is expected to see a surge in 5G network deployment, with approximately 1.4 billion 5G connections by the year 2025.
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A few of the well-known industry leaders in signal conditioning modules market that are profiled by Research Nester are Siemens, Schneider Electric, Phoenix Contact GmbH & Co. KG, TE Connectivity Ltd., ABB, AMETEK, Inc., Keysight Technologies, Inc., Advantech Co., Ltd., Pepperl+Fuchs, and other key market players.
*Recent Development in the Signal Conditioning Modules Market*
· Rockwell Automation, Inc. announced the total acquisition of Fiix Inc., an Al-enabled CMMS (computerized maintenance management system). The acquisition is predicted to boost the software strategy and enhance the business capabilities of the corporate Lifecycle Services, which provides a comprehensive list of flexible industrial services to assist customers in increasing the worth of their production assets, systems, plants, and processes.
· Advantech launched ADAM-3000 series Signal conditioners into the market. The series is cost-efficient, field configurable, and has easy installation to protect the instruments and process signals from the harmful effects of ground loops and other electrical interference.
*About Research Nester*
Research Nester is a one-stop service provider with a client base in more than 50 countries, leading in strategic market research and consulting with an unbiased and unparalleled approach to helping global industrial players, conglomerates, and executives for their future investments while avoiding forthcoming uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic consulting so that our clients can make wise business decisions with clarity while strategizing and planning for their forthcoming needs and succeed in achieving their future endeavors. We believe every business can expand to its new horizon, provided the right guidance at the right time is available through strategic minds.
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