Market Share of Asia-Pacific Industrial Communication Industry
The Asia-Pacific industrial communication market is highly fragmented, with the presence of major players like Advantech Co. Ltd, Sick AG, Moxa Inc., ABB Limited, and Schneider Electric SE. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.
In February 2024, Advantech announced the launch of a new series of industrial communication gateways tailored to meet changing market needs related to green energy. This groundbreaking series featuring the latest models, ECU-1370 and ECU-1260, represents years of continuous development and innovation and reflects Advantech's commitment to sustainable energy solutions.
In January 2024, Belden Inc. announced its expansion into India while laying the foundation stone of its manufacturing facility in Chakan, Pune. This expansion adds 19,000 square meters to the existing space. It represents a significant investment of approximately USD 40 million (INR 330 billion), further underscoring Belden’s commitment to meet the growing demand in the region.
Asia-Pacific Industrial Communication Market Leaders
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Advantech Co., Ltd.
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Sick AG
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Moxa Inc.
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ABB Limited
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Schneider Electric SE
*Disclaimer: Major Players sorted in no particular order
