AS-Interface Market Size, Production, Prospects, Consumption, Cost Structure, Competitive Landscape From 20222 to 2031

Kenneth Research, in its repository of market research reports, has recently added a report on AS-Interface Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The AS-Interface Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

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.

Market Dynamics:
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

Market Segmentation:
1. Global AS-Interface Market, by Industry:
1.1 Food & Beverages
1.2 Chemicals
1.3 Paper
1.4 Oil & Gas
1.5 Water and Wastewater Treatment
1.6 Pharmaceuticals
1.7 Automotive
1.8 Metal & Mining
1.9 Others
1.9.1 Aerospace
1.9.2 Semiconductor

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
3.1.3 Packaging 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
3.4 Others

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

Competitive Landscape:
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 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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