What is Global Edge Controller Market?
The Global Edge Controller Market is a rapidly evolving sector that plays a crucial role in various industries. Essentially, an edge controller is a device that provides advanced connectivity and control for automated systems. It is designed to operate at the 'edge' of a network, hence the name. This market is characterized by its innovative technology and its potential for growth. In 2023, the market was valued at US$ 262 million, but it is projected to skyrocket to US$ 1979.8 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 33.1% during the forecast period from 2024 to 2030.
DIN-rail, Panel Mount in the Global Edge Controller Market:
The Global Edge Controller Market is segmented based on the type of mounting, with DIN-rail and Panel Mount being the most common. DIN-rail mounting is the most popular, accounting for over 86% of the market. This type of mounting is preferred due to its ease of installation and flexibility. Panel Mount, on the other hand, is used when there is a need for a more robust and secure installation. Both types of mounting offer unique advantages and are chosen based on the specific requirements of the application.
Automobile, Petrochemical and Gas, Power Industry, Transportation, Others in the Global Edge Controller Market:
The Global Edge Controller Market finds its application in various sectors such as the Automobile industry, Petrochemical and Gas industry, Power Industry, Transportation sector, among others. In the Automobile industry, edge controllers are used to manage and control various automated systems within vehicles. In the Petrochemical and Gas industry, they are used to monitor and control the various processes involved in the production and distribution of petrochemicals and gas. In the Power Industry, edge controllers play a crucial role in managing and controlling the generation, transmission, and distribution of electricity. Lastly, in the Transportation sector, edge controllers are used to manage and control various automated systems within transportation vehicles and infrastructure.
Global Edge Controller Market Outlook:
The future of the Global Edge Controller Market looks promising. In 2023, the market was valued at US$ 262 million. However, it is expected to grow exponentially and reach a staggering US$ 1979.8 million by 2030. This represents a Compound Annual Growth Rate (CAGR) of 33.1% during the forecast period from 2024 to 2030. North America is currently the largest market, accounting for over 38% of the global share. The most common type of edge controller is the DIN-rail, which holds over 86% of the market share. The Automobile industry is the largest user of edge controllers, accounting for 40% of the total applications.
| Report Metric | Details |
| Report Name | Edge Controller Market |
| Accounted market size in 2023 | US$ 262 million |
| Forecasted market size in 2030 | US$ 1979.8 million |
| CAGR | 33.1% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Emerson Electric, WAGO Kontakttechnik, Advantech, Omron, Contec, Ifm Electronic, B&R, IOT-eq, Beijer Electronics Group, Brainboxes, Red Lion, DEzEM GmbH |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
