Signal Conditioning Modules Market size is expected to surpass USD 1.89 Billion by the end of 2036, growing at a CAGR of 4% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of signal conditioning modules was over USD 1.18 Billion. 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.
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.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 4% |
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Base Year Market Size (2023) |
~ USD 1.18 Billion |
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Forecast Year Market Size (2036) |
~ USD 1.89 Billion |
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Regional Scope |
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Form (DIN Rail-/Rack-Mounted Modules, Standalone/modular Modules)
The DIN rail-/rack-mounted modules segment in the signal conditioning modules market is anticipated to have the highest share of about 57% during the forecast period. The DIN/rail/rack-mounted modules are utilised in potentiometers, thermocouples, RTDs, DC to AC and AC to DC converters and accept a variety of signals which 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.
Application (Data Acquisition, Process Control)
The data acquisition segment had a significant 75% share of the global signal conditioning modules market during the forecasted timeframe. In order to process and record the data provided to it, every piece of automation equipment and sensor has some sort of data acquisition system built in. This allows for quality control and the prevention of fluctuations that could harm the equipment. The market for data acquisition signal conditioning module systems has expanded as a result of the rising demand for automation, which also drove the development of data acquisition systems. The majority of firms (76%) use automation to standardise or automate daily processes, followed by (58%) data/reporting for planning and (36%) regulation or compliance.
Our in-depth analysis of the global market includes the following segments:
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Form |
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Input |
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Application |
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End User |
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North American Market Forecast
The North America signal conditioning modules market is anticipated to grow at a significant CAGR with about 35% revenue share during the forecast period. Due to the region's escalating labour costs, many production processes have been automated in North America. In terms of market value, the US, and Canada, are the major contributors. The main factors driving the market in this region are a higher level of quality control requirements and a greater penetration of automation. The Association for Advancing Automation (A3) reported that North American businesses ordered 44,196 robots for USD 2.38 billion last year, a rise of 11% and 18% over 2021, the previous high.
APAC Market Statistics
The Asia Pacific signal conditioning modules market is the geographic area which Is expected to grow with a significant CAGR with a market share of nearly 25%. The main driver of this region is the rising demand for production items as a result of the quick population growth. China and India, the two most populous nations in the world, are part of the Asia Pacific area, which is home to 60% of the world's population, or over 4.3 billion people. As of 2021, China had a stunning total population of 1.4 billion, making it the most populated nation in the Asia-Pacific area.
Author Credits: Abhishek Verma, Hetal Singh
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