In a recent published report, Kenneth Research has updated the market report for AS-Interface Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for AS-Interface Market products.
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The global AS-Interface Marketwas valued at USD 861.45 million in 2016 and is projected to reach USD 1,250.73 million by 2025, growing at a CAGR of 4.23% from 2017 to 2025.
AS-Interface (Actuator Sensor Interface, AS-I is an industrial networking solution (physical layer, data access method and protocol) used in PLC, DCS and PC-based automation systems. It is designed for connecting simple field I/O devices (e.g. binary ON/OFF devices such as actuators, sensors, rotary encoders, analog inputs and outputs, push buttons, and valve position sensors) in discrete manufacturing and process applications using a single 2-conductor cable.
1. Market Drivers
1.1 Increasing applications Process Automation in Process Industry
1.2 Simple, Easy, and Fast Installation of AS-Interface System With Minimum Number of Cables
2. Market Restraints
2.1 Declining and Fluctuating Oil & Gas Prices Affect Infrastructure
1. Global AS-Interface Market, by Industry:
1.1 Food & Beverages
1.4 Oil & Gas
1.5 Water and Wastewater Treatment
1.8 Metal & Mining
2. Global AS-Interface Market, by Component:
2.1 AS-I Gateway/Master
2.2 AS-I Slaves
2.2.1 Slaves Addressing
2.3 AS-Interface Power Supply
2.4 AS-I Cables
3. Global AS-Interface Market, by Application:
3.1 Material Handling
3.1.1 Use of AS-Interface in Airport for Baggage Handling
3.1.2 Bottle Sorting With the Help of AS-Interface
126.96.36.199 AS-Interface Used in Packaging for Various Operations
3.1.4 Laser Cutting
3.2 Drive Control
3.2.1 AS-Interface Module Controls Dc Motors in Conveyor Application
3.3 Building Automation
3.3.1 Role of AS-Interface in Fire and Smoke Damper
4. Global AS-Interface Market, by Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Bihl+Wiedemann GmbH
2. Baumer Electric AG
3. Pepperl+Fuchs GmbH
4. Siemens AG
5. Valmet Corporation
6. ABB Ltd.
7. Emerson Electric Co.
8. IFM Electronic GmbH
9. Phoenix Contact GmbH & Co. Kg
10. Schneider Electric SE
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the AS-Interface Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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