IO-Link Market

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IO-Link Market Market size, Industry outlook,
Market Forecast, Demand Analysis, Market Share,
Market Report 2021-2026
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• IO-link Market size was valued at 5.3 billion in
  2020 and it is estimated to grow at a CAGR of
  18.51 during the period 2021-2026, owing to high
  penetration of industry 4.0 across industries. 
• IO-link is a point-to-point serial communication
  protocol that includes an IO-Link master and one
  or several IO-Link devices. This system is highly
  being used for increasing the level of efficiency
  of industrial automated processes. Thus high
  demand for automation drives the growth of
  IO-Link market. Moreover, its ability to offer
  support and sustainability for various Fieldbus
  and Ethernet communication protocol plays a major
  role in the growth of this market. 

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• Key Takeaways
• IO-Link Master held the major IO-link market
  share in 2020, due to high penetration of
  industrial 4.0 across industries and rapid
  industrialization.
• Europe dominated the market in 2020, and is
  anticipated to witness significant growth during
  the forecast period 2021-2026, owing to early
  adoption of this technology and presence of major
  market players in this region.
• Rapid adoption of automation and field bus
  independency of IO-link are the major growth
  drivers of this market.

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By Distribution Channel- Segment Analysis IoT
enabled connected devices, industrial automation
are the key factors fuelling the growth of this
market. Furthermore, this technology has a
well-established customer base in this region.
Apart from that, continuous development, new
advanced product launches of the technology also
plays a major role towards the market growth.
Europe-based companies such as Siemens AG and
General Electric is one of the largest
manufacturers of this technology in the world.
Devices produced in Siemens are generally
equipped with PROFINET and this company dominates
the European market.
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• IO-Link Market Industry Outlook 
• Siemens AG,
• Hans Turck GmbH Co. KG,
• Balluff GmbH,
• Rockwell Automation, Inc.,
• SICK AG,
• Omron Corporation,
• PepperlFuchs SE,
• Schneider Electric,
• General Electric,
• BR Industrial Automation GmbH.

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IO-Link Market - Forecast (2021 2026) Learn
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.com/Research/IO-Link-Market-Research-505485
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
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