At CAGR 5.41 %, Industrial Data Acquisitions Systems Market Size Will Reach USD 931.7 Million by 2027 Says Brandessence Market Research
LONDON, Sept. 21, 2021 /PRNewswire/ -- Global Industrial Data Acquisitions Systems Market is valued at USD 644.3 Million in 2020 and expected to reach USD 931.7 Million by 2027 with a CAGR of 5.41% over the forecast period.
Global Industrial Data Acquisitions Systems Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Its rising demand in various industries such as oil & gas, electrical, automotive, water & wastewater and semiconductors, rising adoption of PC-based DAQ systems instead of traditional systems and increasing need for flexible, cost effective and time saving DAQ systems are some of the major factors anticipated to drive the growth the Global Industrial Data Acquisitions Systems Market.
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A data acquisition system (or DAS or DAQ) changes physical conditions into digital form, for additional capacity and examination. Normally, signals from sensors are examined, changed over to digital, and stored by a PC, or by an independent device. Data acquisition or DAQ is a procedure that actions physical or electrical phenomena like pressure, sound, voltage, temperature, current etc utilizing a computer. Industrial Data Acquisitions Systemss with particular and adaptable I/O appropriate for requesting environments for an assortment of applications including equipment monitoring, process control, test stands and quality control.
Industrial Data Acquisitions Systemss are quick and simple to configure permitting more opportunity for monitoring and with their extra functionality user's system can keep on developing with user's task. Industrial process control needs acquisition of data, computation of the suitable control activity and output of a signal to impact that control action. The appearance of microcomputers has brought about a trend towards distributed, as opposed to centralized, control. This pattern is in part because of the improvement of interfaces for industrial input and output. After, an introduction to the necessities for data acquisition and control, the advancement of microcomputer systems is traced, delineated by consideration of specific units. The IOLITEd is an Industrial Data Acquisitions Systems with a savvy plan. It's ideal for industrial and observing applications. The signal amplifiers offer very good quality signal molding with 24-bit resolution. IBM delivered computers which specialized in data acquisition, in 1963. These incorporate the IBM 7700 Data Acquisition System, and its replacement, the IBM 1800 Data Acquisition and Control System.
COVID-19 pandemic has shown a negative impact on the growth of the global Industrial Data Acquisitions Systems market owing to the significant interruptions experienced by their particular manufacturing and supply-chain operations because of different precautionary lockdowns and restrictions enforced by government across the globe. In addition, consumer demand has likewise decreased as people are presently quicker on eliminating non-essential expenses from their particular budgets as the overall monetary status of most people have been seriously influenced by this COVID-19 pandemic. However, as particular governing authorities lift these enforced lockdowns, the worldwide Industrial Data Acquisitions Systemss market is relied upon to recover accordingly.
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Key Players for Global Industrial Data Acquisitions Systems Market Report
Some of the key players in global Industrial Data Acquisitions Systems market are AMETEK, ABB, Spectris, Bruel & Kjaer, Yokogawa, Acromag, ADLINK Technology, Alstom, Data Translation, DEWETRON, DynamicSignals, Fluke, General Electric, Keysight Technologies, Advantech, Campbell Scientific, HIOKI, Emerson Electric, Honeywell, MathWorks and others.
News: Wxview II Adds Data Acquisition System to Next Generation Weather-Ometers
On September 7th, 2021; Atlas's next generation enduring testing innovation launched of WXView II, an inventive data acquisition system for remote availability. WXView II adds another element of connectivity to the instruments. Clients of the WXView II web-based application can distantly monitor the situation with their instruments from anyplace on the planet. The application collects information data inputs like test parameters and control system information continuously from any Atlas Ci4400 instrument that clients associate with their local area networks. The WXView II appliance presents an easy check and examination of the instrument information in a simple to-utilize graphical format. Detailed analysis and produced reports can be made utilizing documented test information that can be seen, downloaded and brought into different applications. The touchscreen user interface can likewise show instrument status, data on alerts, support and instrument setup.
Its Rising Demand in Various Industries Such As Oil & Gas, Electrical, Automotive, Water & Wastewater and Semiconductors, Rising Adoption of PC-Based DAQ Systems Instead of Traditional Systems and Increasing Need for Flexible, Cost Effective and Time Saving DAQ Systems are Some of the Major Factors Driving the Market Growth
One of the major factors driving the growth of global Industrial Data Acquisitions Systems market is rising demand in various industries such as oil & gas, electrical, automotive, water & wastewater and semiconductors. Oil and gas production and exploration has consistently been complicated, but today's competitive landscape directs significantly more attention to computing performance. By capturing refined information for field use and investigation, choosing the right data acquisition system helps take with advantaging of the developing utilization of sensors and networks. Innovative data acquisition systems to the oil and gas manufacturing, supervisory control and information procurement (SCADA) software and hardware is incredibly famous for its high level functionality, ease of use and harsh offshore conditions. For instance; according to the industry analyst oilprice.com, subsea technology developers estimate spending to increment as much as five times (to $130 billion yearly) by 2020, where a portion of this spending should be made in data analytics and computing support.
In addition, increasing adoption of PC-based DAQ systems instead of traditional systems is also fostering the market growth. Advancement in technology has prompted the improvement of PC- data acquisition system. This progress provides adaptability to the end clients, alongside cost and time reduction. Also, in the PC-based data acquisition system, architects can customize the software, in light of the necessity, which expands their use in general. Hence, the change from conventional data acquisition systems to PC-based DAQ systems is one of the key components driving the development possibilities for this market during the forecast period. Furthermore, various advantages of DAQs are also supplementing their demand in various applications. Data acquisition improves the effectiveness and consistency of processes or machinery, problems are analysed and solved quicker, reduce update errors, reduce data redundancy, improves data safety, quality control, regulation of processes without human communication and data entry and reduce the storage and recovery costs. Due to these benefits, data acquisition systems are used in different industrial applications. In addition, introduction and investments on high potential renewable energy sources, infrastructures, and industrial automating processes, increasing need for flexible, cost effective and time saving DAQ systems, availability of customizations based on software required for the end users are some of the other factors which are also augmenting the market growth. However, data security concerns may hamper the global Industrial Data Acquisitions Systems market growth. In spite of that, technological advancements in this field can provide various opportunities for the further growth of the global Industrial Data Acquisitions Systems market.
North America is Expected to Dominate the Global Industrial Data Acquisitions Systems Market
North America is expected to dominate the global Industrial Data Acquisitions Systems market due to the increasing adoption of data acquisition system for electrical & automotive industry and high technological investments in this region. In automobile industry, it is presently the most essential to give the advanced features to attract buyers toward the items. For each such component the data acquisition is the fundamental necessity. The information gathered throughout the developed system incorporate GPS route, engine state, seat occupancy, vehicle speed and acceleration, transmission state, fuel level, and video recording. This is likely only using the DAS more proficiently i.e. by reducing hardware and wiring difficulty to make the system undetectable, involving least human interaction to decrease human error and using digital transmission to boost good immunity. Asia Pacific is expected to witness the fastest growth in the global Industrial Data Acquisitions Systems market due to the increasing adoption of DAQ systems in various industries in this region and rising adoption of wireless technologies.
Industrial Data Acquisitions Systems Market By Regional & Country Level:
North America
- U.S.
- Canada
Europe
- U.K.
- France
- Germany
- Italy
Asia Pacific
- China
- Japan
- India
- Southeast Asia
Latin America
- Brazil
- Mexico
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