Industrial media converter sales were valued at USD 344.2 million in 2022. Revenue generated by the sales of industrial media converter is likely to witness USD 363.8 million in 2023.
Sales are poised to soar at 4.6% CAGR over the forecast period between 2023 and 2033. It is set to create a total worth of USD 572.4 million by 2033.
As industries increasingly adopt automation technologies, reliable network connectivity across various devices and systems becomes paramount. Industrial media converter enables the seamless integration of different communication protocols, fostering automation.
Several industrial facilities still rely on legacy equipment and communication protocols. Industrial media converter is renowned for its capacity to bridge older technologies and modern Ethernet-based networks, allowing users to leverage existing investments while upgrading their infrastructure.
Industrial environments often span large distances and may involve harsh conditions that can degrade network signals. An industrial media converter extends the reach of networks and ensures signal integrity. This makes them essential for oil and gas, utilities, and transportation industries.
In industrial settings, data security is critical. Industrial media converter is widely renowned for its ability to establish secure, isolated network segments, protecting sensitive data from unauthorized access or cyber threats.
Energy efficiency is also a pressing concern in industrial operations. A media converter is widely used by companies in aforementioned industries to reduce their overall energy consumption, as well.
| Attributes | Key Insights |
|---|---|
| Industrial Media Converter Market Estimated Size (2023E) | USD 572.4 million |
| Industrial Media Converter Market Projected Valuation (2033F) | USD 363.8 million |
| Value-based CAGR (2023 to 2033) | 4.6% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The global industrial media converter business experienced growth at 6.1% CAGR during the historical period from 2018 to 2022. Sales are estimated to propel at a 4.6% CAGR. It created revenue of USD 344.2 million in the base year 2022.
| Historical CAGR of Industrial Media Converter Market (2018 to 2022) | 6.1% |
|---|---|
| Historical Value of Industrial Media Converter Market (2022) | USD 344.2 million |
The proliferation of data networks, including LANs (Local Area Networks) and WANs (Wide Area Networks), has risen rapidly over recent years. It is expected to further fuel the need for industrial media converter during the forecast period. These devices are essential to convert signals between different types of network media, such as fiber optics and copper cables.
Increasing bandwidth requirements in industries such as telecommunications, manufacturing, and utilities have led to the adoption of fiber optic communication. Industrial media converter is crucial for companies seeking to level out costs while bridging the gap between old copper-based systems and new fiber-optic technologies.
Several industrial settings, including manufacturing plants and outdoor installations, are exposed to harsh environmental conditions. An industrial media converter is designed to withstand extreme temperatures, humidity, and electromagnetic interference. This makes them essential for ensuring reliable communication in such environments.
As industries upgrade their communication infrastructure, they often integrate new technologies with legacy systems. Industrial media converter enables the seamless integration of old and new equipment, reducing companies’ cost and complexity of network upgrades.
The demand for global connectivity and interconnectivity between remote facilities has surged over recent years. Industrial media converter enables long-distance communication by extending the reach of networks. It is significant for industries with geographically dispersed operations.
Several industries rely heavily on industrial media converter, including oil and gas, transportation, healthcare, and energy. It helps them secure uninterrupted communication for critical applications. Each of these sectors is expected to expand considerably through 2033, adding to overall growth of the target market.
As the demand for high-speed and long-distance data transmission grows, industrial media converter is increasingly being used to bridge the gap between copper and fiber optic networks.
Industrial media converter now supports PoE, enabling data and power transmission over Ethernet cables and simplifying network infrastructure.
With the need for longer-distance communication, media converters that can convert between multi-mode and single-mode fiber optics are becoming more popular.
Media converter is increasingly designed to work seamlessly with industrial communication protocols such as Modbus, Profibus, and Ethernet/IP.
To keep up with the increasing demand for data transmission, the industrial media converter is being designed supporting higher data rates, including Gigabit and even 10 Gigabit ethernet.
Energy-efficient media converter is gaining popularity as businesses aim to reduce power consumption and operating costs in their industrial networks.
With the growing concern about cybersecurity in industrial networks, media converters are incorporating features like MAC address filtering and VLAN support for enhanced network security.
Integrating cloud-based management platforms allows for remote monitoring and managing industrial media converter, improving network visibility and control.
Principal Consultant
They might only be compatible with some types of network media, which can limit their usefulness in specific setups.
Industrial media converters consume less power than standard networking equipment, which can increase operational costs.
Industrial media converter typically offers fewer advanced features and options than higher-end networking equipment.
In a handful of cases, industrial media converter may support higher data rates than modern networking standards, potentially limiting network performance.
While designed for harsh environments, industrial media converter can still be vulnerable to extreme temperatures, humidity, and other environmental factors.
The table provides information about the top 5 global industrial media converter markets by countries. The information below reveals that the United States and China will likely lead during the forecast period. The United States is expected to be worth USD 110.5 million by 2033, followed by China, which will likely be valued at USD 86.2 million by 2033.
| Countries | Projected Value (2033) |
|---|---|
| United States | USD 110.5 million |
| United Kingdom | USD 21.0 million |
| China | USD 86.2 million |
| Japan | USD 53.2 million |
| South Korea | USD 22.3 million |
The United States is projected to soar at 4.9% CAGR from 2023 to 2033. The United States industrial media converter space is set to total USD 110.5 million by 2033.
The United States industrial media converter industry is a significant segment within the broader networking equipment industry. It caters to the need to convert different network media types, such as fiber optics and copper, to ensure compatibility in industrial settings.
The increasing need for robust and reliable connectivity solutions in industrial environments drives the demand for industrial media converter. This converter ensures seamless data transmission in factories, manufacturing plants, and other industrial settings.
Industrial media converter finds applications in diverse industries, including manufacturing, oil and gas, utilities, transportation, etc. They connect different network equipment types, such as switches, routers, and PLCs, often in harsh environments.
The United Kingdom is set to expand at 4.0% CAGR in the industrial media converter during the assessment period. By 2033, the United Kingdom size is expected to reach USD 21.0 million.
In the United Kingdom, industrial media converter demand is growing due to the increasing adoption of industrial automation and the need for reliable data transmission in industrial settings.
Ethernet-based media converter has been the dominant choice, allowing seamless integration with existing network infrastructure in industrial environments. Fiber optic media converter has gained popularity due to their ability to transmit data over long distances without signal degradation. This makes them suitable for extensive manufacturing facilities.
Several industry verticals include manufacturing, oil and gas, transportation, and utilities. These have been key consumers of industrial media converter to ensure robust communication networks. The industry has witnessed a transition from Fast Ethernet to Gigabit and even 10 Gigabit media converter to meet the increasing data transfer requirements in industries.
China is poised to expand at a CAGR of 5.0% between 2023 and 2033. Revenue generated by the industrial media converter sales is projected to reach USD 86.2 million by 2033.
China is one of the world's leading markets for industrial media converter, driven by its vast manufacturing industry and infrastructure development. The industry has seen advancements in media converter technology, with a shift towards fast data rates and better compatibility with various communication protocols. Industrial media converter finds applications in various sectors, including manufacturing, energy, transportation, and telecommunications, to ensure reliable data transmission in harsh industrial environments.
Fiber optic media converter has gained prominence due to their high bandwidth capabilities and resistance to electromagnetic interference, making them suitable for industrial settings. The rapid urbanization in China has fueled the demand for industrial media converter in innovative city projects, where data transmission reliability is crucial.
Japan is likely to total USD 53.2 million by 2033. Sales in the global industrial media converter sales will surge at 4.3% CAGR from 2023 to 2033.
The manufacturing sector in Japan has been a significant driver for the industrial media converter industry. It requires seamless communication between machines and control systems. Ethernet-based media converter has been widespread, particularly for connecting legacy serial communication equipment to modern networks. This is crucial for industries like manufacturing and utilities.
Fiber optic media converter is increasingly used in Japan due to their high data transfer speeds and resistance to electromagnetic interference. This is especially important in critical infrastructure and data center applications. The Internet of Things (IoT) requires reliable and robust communication networks. It has increased demand for media converters to ensure seamless data transmission.
South Korea is likely to register USD 22.3 million by 2033 in the industrial media convertors industry. Between 2023 and 2033, sales will likely reach a 3.8% CAGR.
South Korea is anticipated to steadily transition towards more advanced and reliable media converter technologies. Fiber optic converter, for instance, have gained popularity due to their high bandwidth and immunity to electromagnetic interference.
Industrial media converter finds applications in several sectors, including manufacturing, energy, transportation, and telecommunications. This diversification of applications has contributed to the growth.
South Korean industries prioritize reliability and durability in their networking equipment. Media converter designed to withstand harsh industrial environments are in high demand.
The South Korean government has shown interest in supporting the growth of its industrial sector through initiatives including Industry 4.0. These initiatives might indirectly boost the demand for industrial media converter.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The table below provides information about the revenue generated by the leading segment in the global media converter industry. Based on use, the process industry is expected to soar at 4.4% CAGR between 2023 and 2033.
| Category | Process Industry |
|---|---|
| Value-based CAGR (2023 to 2033) | 4.4% |
By end-use, the process industry division is set to witness a 4.4% CAGR from 2023 to 2033. This segment will likely be prominent in the global industrial media converter industry during the forecast period.
Process industries, such as oil and gas, chemical, and manufacturing, rely heavily on real-time data transmission for monitoring and controlling various processes. Industrial media converter ensures reliable data transfer, making them crucial for these sectors.
Process industries often operate in harsh environments, including high temperatures, humidity, and chemical exposure. Industrial media converter is designed to withstand these conditions and helps companies in this domain ensure uninterrupted data communication.
Various process industries still use legacy equipment with old communication interfaces. Industrial media converter bridges the gap between legacy and modern communication technologies, extending the lifespan of existing equipment.
Security is a top priority in process industries due to the sensitive nature of their operations. Industrial media converter help establish secure communication links, protecting data from unauthorized access.
As process industries expand globally, they need reliable communication solutions that can work across long distances. Industrial media converter enables data transmission over extended fiber optic or ethernet networks.
Key manufacturers are constantly developing and introducing new media converter products with advanced features and technologies to meet the evolving needs of industrial networks. They are expanding their global reach by entering new regions, often through partnerships, acquisitions, or establishing local subsidiaries.
Recent Development in the Industrial Media Converters Market:
| Attribute | Details |
|---|---|
| Estimated Market Size (2023) | USD 363.8 million |
| Projected Market Valuation (2033) | USD 572.4 million |
| Value-based CAGR (2023 to 2033) | 4.6% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | Value (USD billion/million) and Volume (MT) |
| Key Regions Covered | Latin America; North America; Europe; South Asia; East Asia; Oceania; and Middle East & Africa |
| Key Countries Covered | United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, Canada, United Kingdom, Belgium, Nordic, Poland, Russia, Japan, South Korea, China, Netherlands, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others |
| Key Market Segments Covered | End-use, Region |
| Key Companies Profiled | Advantech Co., Ltd; Beijer Electronics AB; Belden, Inc.; Siemens AG; United Technologies Corporation |
The global industrial media converter industry might reach USD 363.8 million in 2023.
The demand for industrial media converter is set to surge at 4.6% CAGR over the forecast period.
The global industrial media converter ecosystem is expected to reach USD 572.4 million by 2033.
Advantech Co., Ltd, Belden, Inc., Siemens AG are top manufacturers in the business.
Deployment of AI, adoption of Industry 4.0 standards are leading trends.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. 10Mbps 5.2. 10/100Mbps 5.3. 10/100/1000Mbps 5.4. Gigabit Media Converter 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End-use 6.1. Process Industry 6.2. Discrete Industry 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Advantech 17.2. Moxa 17.3. Westermo 17.4. Belden 17.5. Antaira 17.6. AFL Global 17.7. Red Lion 17.8. AMG System 17.9. Volktek 17.10. L-com 17.11. PLANET Technology 17.12. Navigate Worx Technologies 17.13. Optical Network Video Technologies 17.14. Omnitron Systems 17.15. E-link 17.16. Versa Technology 18. Assumptions & Acronyms Used 19. Research Methodology
Explore Technology Insights
View Reports
Industrial Media Converter Market
