According to
the new market research report "AS-Interface Market by
Component (AS-I Slave, AS-I Gateway, AS-I Power Supply, AS-I Cable),
Application (Material Handling, Drive Control, Building Automation), Industry,
and Geography - Global Forecast to 2023", AS-Interface
market is expected to be valued at USD 1,158.5 Million by 2023, growing at a
CAGR of 4.3% between 2017 and 2023. Factors that are driving the growth of the
market include the rise of adoption of process automation in the process
industry; support from the government for the adoption of industrial automation
in various industries; and simple, easy, and fast installation of AS-Interface
system with a minimum number of cables.
https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=241006140
Early buyers
will receive 10% customization on reports.
“AS-i gateway component in AS-Interface market expected to hold
the largest market size during the forecast period”
AS-i master represents the
connection to the controller or to a host fieldbus system. It is responsible
for the link connection to the higher-level control system with other devices
enabling the smooth flow of data and commands given to the slaves. The master
communicates and manages data transfer from the data cable and checks the
signals received, sets the parameters, sends commands to the slaves, and
monitors the working of the slaves. It enables the effective controlling,
monitoring, and execution of the manufacturing process.
“The food & beverage industry expected to
hold the largest market size and also expected to grow at the highest rate
between 2017 and 2023”
The growth of food and industry
is recognized by the increasing consumption of food & beverages. The
packaged food industry includes baked goods, convenience food, dairy, and
confectionaries, all require regular manufacturing that uses AS-Interface.
AS-Interface cable makes the processing flow easy and smooth in conveying lines.
The motors and controllers are connected with AS-Interface for the effective
communication between the devices. This industry involves application such as
material handling and drives control that enhances the growth of the
AS-Interface market.
”The material handling application is expected
to hold the major market share and also grow at the highest rate of the
AS-Interface market in 2023”
AS-Interface is used in material
handling that includes various activities such as loading and transporting the
material from one place to another. The material handling uses AS-Interface in
the airport for the baggage handling. The baggage handling system uses a large
number of sensors that directly contact AS-interface that helps in precisely
localizing the baggage on conveyor belts. The belt conveyors are preferred to
transport bulk material due to their ability to transport a large variety
of materials from point to point.
Speak to
Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=241006140
“The AS-Interface market in APAC is expected to hold the largest
market share and also grow at the highest rate between 2017 and 2023”
The APAC region consists most of
the developing countries such as India, China, and South Korea. The
AS-Interface market in South Korea is mainly driven by the increasing
applications in automobiles, shipbuilding, and mining, among others.
AS-Interface cable is used in building automation for various purposes such as
fire/smoke dampers, monitoring, and diagnostics. The existence of multiple
infrastructure projects in South Korea drives the AS-Interface market. The APAC
market for AS-Interface is also supported by various exhibitions and summits
such as Industrial Open-Net Exhibition Japan 2017, CIIF Industrial Automation
Show Shanghai 2017, Industrial Network Exhibition Japan (Osaka) 2017 that are
expected to be held for promoting the AS-Interface technologies.
The major players in the
AS-Interface market includes Bihl+Wiedemann GmbH (Germany), ifm electronic gmbh
(Germany), Siemens AG (Germany), Valmet Corporation (Finland), Pepperl+Fuchs
GmbH (Germany), Baumer Electric AG (Switzerland), ABB Ltd. (Switzerland),
Emerson Electric Co. (US), Phoenix Contact GmbH & Co. KG (Germany), and
Schneider Electric SE (France).