Industrial media converters are robust and compact devices intended to convert and communicate Ethernet signals (video or serial signals) over fiber optic networks by normally converting digital electric Ethernet signals into fiber optic signals. This converter is used to broaden the range of the network in harsh industrial environments. They are integrated to extend the distance of various copper devices including wireless access points and IP cameras found in oil and gas pipelines, traffic management, weather tracking, and outdoor and industrial applications. Industrial media converters help in performing multifaceted industrial tasks by providing advanced industrial communication capabilities such as monitoring machine activities and complete production processes, controlling advanced transportation systems, or handling power supply.
The global industrial media converter market is expanding at a rapid pace mainly due to the growing requirement of industrial media converters for effective transmission of data over long distances in hazardous areas. Furthermore, migration from a local network to fiber network is also expected to accelerate the demand for industrial media converters among end-users. Apart from this, increasing investment in upgrading existing networking infrastructure and increasing demand for the bandwidth in harsh environments are other major factors fueling the growth of the industrial media converter market. However, cost associated with the maintenance of fiber optic networks is a crucial factor which is likely to hamper the growth of this market.
Rising demand and continuous development in industrial products is anticipated to create huge opportunities for the growth of the industrial media converters market in forthcoming years. Furthermore, oil & gas drilling and mining, factory automation, and building automation are major applications which are creating strong demand for industrial media converters across the globe. This is primarily because these media converters are cost effective and highly flexible, utilized for implementing and optimizing fiber links in all type of systems.
The global industrial media converter market can be segmented on the basis of type, application, industry, and geography. Based on type, the industrial media converter market can be segmented into copper-to-fiber media converters, fiber to fiber media converters, standalone and chassis-based media converters, and unmanaged and managed media converters. In terms of application, the industrial media converter market can be segmented into agriculture, building automation, military application, manufacturing, factory automation, oil & gas drilling, mining, security & surveillance, and others. Based on industry, the industrial media converter market can be segmented into process and discrete industries.
In terms of geography, the global industrial media converter market can be categorized into North America, Asia Pacific, Europe, Middle East & Africa (MEA) and South America. The market in North America is anticipated to expand at a substantial growth rate during the forecast period. This is primarily due to the growing demand for media converter devices among major process industries including oil and gas and manufacturing in the region. Asia Pacific region is anticipated to be among the major adopters of industrial media converter devices during the forecast period. The industrial media converter market in Asia Pacific is at a promising stage, and the rising inclination of governments to provide better connectivity solutions in harsh industrial environments is likely to drive the growth of industrial media converter market in the region. Besides, the continuously rising implementation of media converters in hazardous areas is expected to further accelerate the demand for industrial media converters in the region.
The major players in the global industrial media converter market includes Black Box Corporation, Infinite Electronics International, Inc., Sopto Technologies Co., Ltd, Belden Inc., Omnitron Systems Technology, Inc., AFL Global, Siemens AG, United Technologies Corporation (Interlogix), PHOENIX CONTACT, Allied Telesis, Inc, KBC Networks, Westermo Network Technologies AB, Moxa Inc., ORing Industrial Networking Corp. and Advantech Co., Ltd.
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