What is New in Data Acquisition Hardware?

The data acquisition system mainly facilitate the seamless collection and interpretation of the data generated by the industrial machinery and system to facilitate improved operation and performance capabilities. Among these the data acquisition hardware such as terminal units, sensors and signal convertors among other components have profound scope of application among PLC, HMI, SCADA and other industrial solutions across different industry verticals. Currently, several prominent market players offer comprehensive data acquisition solution comprising hardware and IT application to enable improved performance of the industrial business units.

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The increase in adoption of various IoT enabled automated solutions such as PLC, HMI, SCADA and other niche IoT solution to improve the productivity of the industrial units is the major factor propelling the growth of the overall data acquisition hardware market. Furthermore, the continuous demand for maintenance, replacement of existing hardware from the considerably large existing solution deployed also provides a stable business growth opportunities for the market players.

The global data acquisition hardware market is segmented on the basis of product and industry vertical. On the basis of product, the market is segmented into terminal units, HMI components, PLC components, signal convertors, and others. Whereas, based on industry vertical the market is divided into manufacturing, energy & power, transportation, and others.

Source: The Insight Partners