Signal Conditioning Market to Reach US$ 1.4billion by 2027: IndustryARC
Increasing demand for automation of industrial processes & monitoring systems with continuous communication which boosts growth of signal conditioning market
HYDERABAD, TELANGANA, INDIA, September 2, 2022 /EINPresswire.com/ — IndustryARC, in its latest report, predicts that the signal conditioning market size is forecast to reach US$ 1.4billion by 2027, growing at a CAGR of 5.8% from 2022 to 2027. Factors such as advent of industry 4.0 with automation, growing demand of accurate and low noise processing signal conditioners, and growing research in micro electromechanical system (MEMs) based technology are boosting the growth of the market. However, factors such as externally influenced technical issues, digital filtering and multi-dimensional processing restrict the market growth. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Key Takeaways:
This IndustryARC report on the signal conditioning market highlights the following areas –
1. The DIN rail or Rack mount segment held the largest market share in the signal conditioning market segmented by form factor. This is owing to standard installations, time efficient process and linear configuration which provides high flexibility and density.
2. The food and beverage segment is predicted to grow at the highest rate over the forecast period 2022-2027 in signal conditioning market, by end-user. This is attributed to increasing adopting process automation and instrumentation, increasing government standards for edibles and to increase operations efficiency.
3. Asia-Pacific (APAC) market held the largest share of 34%, in 2021. This is due to rising industrial automation and growing demand for applications in data acquisition and process control for optimizing production process.
4. The advent of industry 4.0 with automation, growing demand of accurate and low noise processing signal conditioners, and growing research in micro electromechanical system (MEMs) based technology in signal conditioners are the contributing factors in the growth of signal conditioning market.
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Segmental Analysis:
1. The Signal Conditioning Market by form factor has been segmented into circuit board, panel or chassis mount, modular bay or slot system, din rail or rack mount and stand-alone. The segment held the largest share of 40%, in 2021. Thus, increasing research and innovations to build compact compositions using DIN-rail or rack mount structure with programmable and wide working temperature range features is driving the growth of signal conditioning market.
2. The Signal Conditioning Market by end user has been segmented into consumer electronics, manufacturing, energy and power, aerospace and defense, industrial equipment, educational institute, food and beverage and others. The food and beverages segment is predicted to grow at the fastest rate in the end user segment.
3. APAC (Asia-Pacific) held the largest signal conditioning market share of 34%, in 2021. This is owing to rise in quality standard compliances in manufacturing, growing industrial automation implementing signal conditioners for data acquisition and process control applications and rise in research of signal conditioning devices to improve noise processing and efficient output.
Competitive Landscape:
The top 5 players in the signal conditioning market industry are –
1. AMETEK, Inc.
2. ABB Ltd.
3. Analog Devices, Inc.
4. Pepperl+Fuchs
5. Schneider Electric
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