Industrial environments are quite challenging and unique when compared to office and residential spaces. Instruments connected with long cables, high temperatures, harsh conditions, multiple obstacles, and excessive airborne particulates are few challenging features in the industrial spaces. These places are complex for data transmission, sensors, and other potential communication devices to establish constant connectivity, even application of optical fiber is ineffective. These issues plaguing the industrial data transfer along with the wireless advancements rising with Industry 4.0 revolution are significantly boosting the demand for wireless transmitters in the industrial sector. Therefore, the data communication environment has become stronger than ever with the dominance of industrial wireless transmitter market. Some of the most significant wireless transmitters are digital transmitters, pneumatic transmitters, temperature transmitters, pressure transmitters.
Facing huge demand from its end-users, the industrial wireless transmitter market in North America is hitting the mainstream with significant breakthroughs. Consequently,
North America Industrial Wireless Transmitter Market share has reached $610.40 million in terms of revenue as of 2018. Furthermore, total industry revenue is rising at a CAGR of 7.38%, over the forecast period 2019-2025.
Wireless technologies increase efficiency during information retrieval and positively contribute in decision making. The growing oil and gas sector of North America is adopting wireless technologies and equipment to gain a competitive edge, over peers while reducing the cost of operations and labor. Subsequently, the North America industrial wireless transmitters market is thriving with huge opportunities.
North America, especially the U.S. and Canada are potential markets for industrial sectors such as durable manufacturing, aerospace, defense, and energy. The U.S and Canada are global leaders in the oil and gas industry. The demand and investments in alternative renewable energy such as natural gas have gained momentum for the past few years. In developed economies such as the U.S. and Canada, the primary focus is on climate change mitigation and stringent emission regulation, which are boosting the natural gas sector. These countries are striving to increase their industrial competitiveness to support the faster deployment of clean and sustainable energies. Wireless technologies in the oil and gas industry are highly beneficial to collect and analyze the operations and management deployed across multiple plants.
Research Activities in Defense and Energy Segments Are Boosting the Growth of the U.S. Industrial Wireless Transmitters Market
The U.S. is a dominant country in the North American industrial wireless transmitters market and accounted for a huge share of 59.92% as of 2018. The dominance of this country is majorly attributed to rising manufacturing sector and robust military research activities. The military expenditure in the U.S has increased from $600 billion in 2016 to $649 billion in 2018. In the U.S., identifying and funding latent projects that can generate tangible results is growing in the military and defense sector. So, the defense departments along with industry leaders are investing in R&D and engineering sources. At present, connected IoT devices, artificial intelligence, augmented reality-virtual reality, autonomous platforms, and robotics are reigning the military and defense sectors of the U.S.
For instance, in 2019, a research activity conducted by Massachusetts Institute of Technology (MIT) of the U.S., discovered that a battery-free underwater communication system which uses near-zero power to transmit data through sensors. This system monitors sea temperatures, which enables them to study climate change and monitor marine life for long period – even able to track sample waters on planets that are far apart. This marks a breakthrough in constructing a submerged network of interconnected sensors, categorized as underwater “internet of things”. This particular study is sponsored by the U.S. Office of Naval Research. Activities as such are empowering the significance of wireless transmitters in the underwater network.
On the other hand, with the growing energy demands, the U.S. is striving to innovate energy-efficient wireless sensors. In 2015, Oak Ridge National Laboratory (ORNL), a part of the U.S. Dept. of Energy (DOE), conducted a research that is sponsored by DOE’s Energy Efficiency and Renewable Energy Office. In this research, the team innovated a new wireless sensor prototype which leverages on advanced manufacturing techniques and can lower energy costs to $1-10 per node. In the U.S., buildings consume about 40% of energy. Energy consumption can be reduced predominantly by 20-30% with the use of wireless sensors and controls. Aforementioned research activities are boosting the growth of the industrial wireless transmitter market in the U.S. As a result, the U.S industrial wireless transmitter market growth is led by robust innovations in the military and defense sector.
North America Industrial Wireless Transmitter Market Set To Disrupt the Water and Wastewater Management Sector
Water and wastewater management is a major application in the industrial wireless transmitters market of North America. This application is projected to grow at a CAGR of 10.8%, over the aforementioned period. According to the United Nations world water development report 2017, high-income countries such as the U.S. and Canada treat about 70% of their wastewater. During the maintenance of industrial plants, monitoring wastewater is a crucial and unavoidable necessity for environmental protection. Remote monitoring of these plants is popular among industries, which demand centralized management and accurate wireless transmitters fixed at each viable point. These devices can easily and accurately transfer data measured from remote and difficult-to-reach channels and outlets without a power supply. Besides, wireless solutions are hassle-free and are cost-effective to install in wastewater management. As a result, water and wastewater management is offering opportunities for the North America industrial wireless transmitter market.
Key Players Perspective - North America Industrial Wireless Transmitter Market
Major companies occupying a significant fraction in the North America industrial wireless transmitter market share are Schneider Electric SE, Emerson Electric Co., Honeywell International Inc., General Electric Company, Eaton Corporation Inc., Siemens AG, OleumTech Corporation, ABB, Yokogawa Electric Corporation, Omega SA, and Phoenix Contact. Few of the innovations in North America industrial wireless transmitter market are:
· In 2019, Vishay Intertechnology, Inc., an America-based manufacturer of discrete semiconductors and electronic components launched 14 new products in industry-standard shield sizes adding to its line of Qi-compliant wireless charging transmitter and receiver coils. This new line is popular among designers for Qi wireless charging pads used for handheld battery-powered devices. These devices are used in industrial automation, consumer, telecommunications, aerospace, and other prominent industries.
· In 2018, Honeywell International Inc., a multinational organization that involves in developing commercial, consumer, engineering, and aerospace products, launched SmartLine® Wireless Pressure Transmitter. This product when used with robust wireless technology offers a scalable, secure, and flexible yet cost-effective solution for pressure monitoring and control applications. This industrial wireless standard compliant transmitter enables an easier and cost-friendly way to obtain data, making it ideal for industrial automation and plant processes.
· In 2018, Macurco Gas Detection, a division of Aerionics Inc., introduced new TracXP Wireless and fixed line of a combustible and toxic gas detection product suite. Designed specifically for hazardous-location gas detection applications, TracXP comprehensive line of wireless and wired gas detection solution address specific hazards of industrial and remote environment. Furthermore, Macurco enabled real-time remote toxic gas monitoring using cellular and satellite options.
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