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 Protocol Converters - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031
The global market for Protocol Converters was estimated to be worth US$ 242 million in 2024 and is forecast to a readjusted size of US$ 354 million by 2031 with a CAGR of 5.9% during the forecast p... もっと見る
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SummaryThe global market for Protocol Converters was estimated to be worth US$ 242 million in 2024 and is forecast to a readjusted size of US$ 354 million by 2031 with a CAGR of 5.9% during the forecast period 2025-2031.A protocol converter is a device or software solution that enables communication between systems using different communication protocols. It translates data from one protocol to another, ensuring seamless interoperability between devices in industrial automation, power systems, building management, and telecommunications. For example, in a smart grid, a protocol converter can bridge communication between IEC 61850-based substations and legacy Modbus-based energy meters. Similarly, in industrial automation, it allows PLCs using PROFIBUS to interact with EtherNet/IP-based controllers. Protocol converters support various serial, fieldbus, and network protocols, playing a crucial role in integrating diverse systems, extending equipment lifespan, and enhancing overall operational efficiency. The global protocol converters market is growing steadily, driven by the increasing need for interoperability in industrial automation, power systems, and building management. Industrial automation, power and energy, and building automation are the three primary application areas. In industrial automation, protocol converters bridge communication gaps between PLCs, SCADA systems, and IIoT devices, ensuring smooth data flow across different platforms. The power and energy sector relies on protocol converters to integrate smart grids, renewable energy systems, and substation automation, supporting the shift toward more sustainable and digitalized energy infrastructures. Meanwhile, in building automation, these devices facilitate connectivity between HVAC, access control, and security systems, driving efficiency in smart buildings. Regionally, the Americas lead with a 34% market share, followed by Asia-Pacific (APAC) at 30%, reflecting strong industrial and infrastructure development. The Americas benefit from early adoption of Industry 4.0, smart grids, and stringent regulatory standards, ensuring steady demand. APAC is rapidly catching up, driven by manufacturing expansion, infrastructure investments, and urbanization in China, India, and Southeast Asia. Europe also sees strong adoption, particularly in energy-efficient buildings and industrial digitalization projects. As demand increases, companies are focusing on developing more advanced, AI-integrated, and cloud-compatible protocol converters to enhance connectivity across industries. The future of the protocol converters market will be shaped by the rise of IIoT, expansion of smart grids, and growing cybersecurity concerns. Innovations in edge computing, AI-driven automation, and cloud-based industrial applications will drive market evolution. Additionally, APAC’s influence is expected to grow, with government initiatives fueling smart manufacturing and renewable energy projects. As industries continue their digital transformation, protocol converters will remain essential for seamless communication, increased efficiency, and enhanced security in an increasingly interconnected world. This report aims to provide a comprehensive presentation of the global market for Protocol Converters, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Protocol Converters by region & country, by Type, and by Application. The Protocol Converters market size, estimations, and forecasts are provided in terms of sales volume (K Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Protocol Converters. Market Segmentation By Company Monico, Inc. Phoenix Contact Advantech Red Lion Controls Toshiba Deutschmann Automation Sopto Westermo ICP DAS Odot Automation RLE Technologies 3onedata Co.，Ltd OMRON GIC India Axis Solutions Samyak Instrumentation Segment by Type RS-232/485/CAN Converter E1/Ethernet Protocol Converter Segment by Application Utilities Industrial Automation By Region North America United States Canada Asia-Pacific China Japan South Korea Southeast Asia India Australia Rest of Asia-Pacific Europe Germany France U.K. Italy Netherlands Nordic Countries Rest of Europe Latin America Mexico Brazil Rest of Latin America Middle East & Africa Turkey Saudi Arabia UAE Rest of MEA Chapter Outline Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. Chapter 2: Detailed analysis of Protocol Converters manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets. Chapter 5: Sales, revenue of Protocol Converters in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world. Chapter 6: Sales, revenue of Protocol Converters in country level. It provides sigmate data by Type, and by Application for each country/region. Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry. Chapter 9: Conclusion. Table of Contents1 Market Overview1.1 Protocol Converters Product Introduction 1.2 Global Protocol Converters Market Size Forecast 1.2.1 Global Protocol Converters Sales Value (2020-2031) 1.2.2 Global Protocol Converters Sales Volume (2020-2031) 1.2.3 Global Protocol Converters Sales Price (2020-2031) 1.3 Protocol Converters Market Trends & Drivers 1.3.1 Protocol Converters Industry Trends 1.3.2 Protocol Converters Market Drivers & Opportunity 1.3.3 Protocol Converters Market Challenges 1.3.4 Protocol Converters Market Restraints 1.4 Assumptions and Limitations 1.5 Study Objectives 1.6 Years Considered 2 Competitive Analysis by Company 2.1 Global Protocol Converters Players Revenue Ranking (2024) 2.2 Global Protocol Converters Revenue by Company (2020-2025) 2.3 Global Protocol Converters Players Sales Volume Ranking (2024) 2.4 Global Protocol Converters Sales Volume by Company Players (2020-2025) 2.5 Global Protocol Converters Average Price by Company (2020-2025) 2.6 Key Manufacturers Protocol Converters Manufacturing Base and Headquarters 2.7 Key Manufacturers Protocol Converters Product Offered 2.8 Key Manufacturers Time to Begin Mass Production of Protocol Converters 2.9 Protocol Converters Market Competitive Analysis 2.9.1 Protocol Converters Market Concentration Rate (2020-2025) 2.9.2 Global 5 and 10 Largest Manufacturers by Protocol Converters Revenue in 2024 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Protocol Converters as of 2024) 2.10 Mergers & Acquisitions, Expansion 3 Segmentation by Type 3.1 Introduction by Type 3.1.1 RS-232/485/CAN Converter 3.1.2 E1/Ethernet Protocol Converter 3.2 Global Protocol Converters Sales Value by Type 3.2.1 Global Protocol Converters Sales Value by Type (2020 VS 2024 VS 2031) 3.2.2 Global Protocol Converters Sales Value, by Type (2020-2031) 3.2.3 Global Protocol Converters Sales Value, by Type (%) (2020-2031) 3.3 Global Protocol Converters Sales Volume by Type 3.3.1 Global Protocol Converters Sales Volume by Type (2020 VS 2024 VS 2031) 3.3.2 Global Protocol Converters Sales Volume, by Type (2020-2031) 3.3.3 Global Protocol Converters Sales Volume, by Type (%) (2020-2031) 3.4 Global Protocol Converters Average Price by Type (2020-2031) 4 Segmentation by Application 4.1 Introduction by Application 4.1.1 Utilities 4.1.2 Industrial Automation 4.2 Global Protocol Converters Sales Value by Application 4.2.1 Global Protocol Converters Sales Value by Application (2020 VS 2024 VS 2031) 4.2.2 Global Protocol Converters Sales Value, by Application (2020-2031) 4.2.3 Global Protocol Converters Sales Value, by Application (%) (2020-2031) 4.3 Global Protocol Converters Sales Volume by Application 4.3.1 Global Protocol Converters Sales Volume by Application (2020 VS 2024 VS 2031) 4.3.2 Global Protocol Converters Sales Volume, by Application (2020-2031) 4.3.3 Global Protocol Converters Sales Volume, by Application (%) (2020-2031) 4.4 Global Protocol Converters Average Price by Application (2020-2031) 5 Segmentation by Region 5.1 Global Protocol Converters Sales Value by Region 5.1.1 Global Protocol Converters Sales Value by Region: 2020 VS 2024 VS 2031 5.1.2 Global Protocol Converters Sales Value by Region (2020-2025) 5.1.3 Global Protocol Converters Sales Value by Region (2026-2031) 5.1.4 Global Protocol Converters Sales Value by Region (%), (2020-2031) 5.2 Global Protocol Converters Sales Volume by Region 5.2.1 Global Protocol Converters Sales Volume by Region: 2020 VS 2024 VS 2031 5.2.2 Global Protocol Converters Sales Volume by Region (2020-2025) 5.2.3 Global Protocol Converters Sales Volume by Region (2026-2031) 5.2.4 Global Protocol Converters Sales Volume by Region (%), (2020-2031) 5.3 Global Protocol Converters Average Price by Region (2020-2031) 5.4 North America 5.4.1 North America Protocol Converters Sales Value, 2020-2031 5.4.2 North America Protocol Converters Sales Value by Country (%), 2024 VS 2031 5.5 Europe 5.5.1 Europe Protocol Converters Sales Value, 2020-2031 5.5.2 Europe Protocol Converters Sales Value by Country (%), 2024 VS 2031 5.6 Asia Pacific 5.6.1 Asia Pacific Protocol Converters Sales Value, 2020-2031 5.6.2 Asia Pacific Protocol Converters Sales Value by Region (%), 2024 VS 2031 5.7 South America 5.7.1 South America Protocol Converters Sales Value, 2020-2031 5.7.2 South America Protocol Converters Sales Value by Country (%), 2024 VS 2031 5.8 Middle East & Africa 5.8.1 Middle East & Africa Protocol Converters Sales Value, 2020-2031 5.8.2 Middle East & Africa Protocol Converters Sales Value by Country (%), 2024 VS 2031 6 Segmentation by Key Countries/Regions 6.1 Key Countries/Regions Protocol Converters Sales Value Growth Trends, 2020 VS 2024 VS 2031 6.2 Key Countries/Regions Protocol Converters Sales Value and Sales Volume 6.2.1 Key Countries/Regions Protocol Converters Sales Value, 2020-2031 6.2.2 Key Countries/Regions Protocol Converters Sales Volume, 2020-2031 6.3 United States 6.3.1 United States Protocol Converters Sales Value, 2020-2031 6.3.2 United States Protocol Converters Sales Value by Type (%), 2024 VS 2031 6.3.3 United States Protocol Converters Sales Value by Application, 2024 VS 2031 6.4 Europe 6.4.1 Europe Protocol Converters Sales Value, 2020-2031 6.4.2 Europe Protocol Converters Sales Value by Type (%), 2024 VS 2031 6.4.3 Europe Protocol Converters Sales Value by Application, 2024 VS 2031 6.5 China 6.5.1 China Protocol Converters Sales Value, 2020-2031 6.5.2 China Protocol Converters Sales Value by Type (%), 2024 VS 2031 6.5.3 China Protocol Converters Sales Value by Application, 2024 VS 2031 6.6 Japan 6.6.1 Japan Protocol Converters Sales Value, 2020-2031 6.6.2 Japan Protocol Converters Sales Value by Type (%), 2024 VS 2031 6.6.3 Japan Protocol Converters Sales Value by Application, 2024 VS 2031 6.7 South Korea 6.7.1 South Korea Protocol Converters Sales Value, 2020-2031 6.7.2 South Korea Protocol Converters Sales Value by Type (%), 2024 VS 2031 6.7.3 South Korea Protocol Converters Sales Value by Application, 2024 VS 2031 6.8 Southeast Asia 6.8.1 Southeast Asia Protocol Converters Sales Value, 2020-2031 6.8.2 Southeast Asia Protocol Converters Sales Value by Type (%), 2024 VS 2031 6.8.3 Southeast Asia Protocol Converters Sales Value by Application, 2024 VS 2031 6.9 India 6.9.1 India Protocol Converters Sales Value, 2020-2031 6.9.2 India Protocol Converters Sales Value by Type (%), 2024 VS 2031 6.9.3 India Protocol Converters Sales Value by Application, 2024 VS 2031 7 Company Profiles 7.1 Monico, Inc. 7.1.1 Monico, Inc. Company Information 7.1.2 Monico, Inc. Introduction and Business Overview 7.1.3 Monico, Inc. Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.1.4 Monico, Inc. Protocol Converters Product Offerings 7.1.5 Monico, Inc. Recent Development 7.2 Phoenix Contact 7.2.1 Phoenix Contact Company Information 7.2.2 Phoenix Contact Introduction and Business Overview 7.2.3 Phoenix Contact Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.2.4 Phoenix Contact Protocol Converters Product Offerings 7.2.5 Phoenix Contact Recent Development 7.3 Advantech 7.3.1 Advantech Company Information 7.3.2 Advantech Introduction and Business Overview 7.3.3 Advantech Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.3.4 Advantech Protocol Converters Product Offerings 7.3.5 Advantech Recent Development 7.4 Red Lion Controls 7.4.1 Red Lion Controls Company Information 7.4.2 Red Lion Controls Introduction and Business Overview 7.4.3 Red Lion Controls Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.4.4 Red Lion Controls Protocol Converters Product Offerings 7.4.5 Red Lion Controls Recent Development 7.5 Toshiba 7.5.1 Toshiba Company Information 7.5.2 Toshiba Introduction and Business Overview 7.5.3 Toshiba Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.5.4 Toshiba Protocol Converters Product Offerings 7.5.5 Toshiba Recent Development 7.6 Deutschmann Automation 7.6.1 Deutschmann Automation Company Information 7.6.2 Deutschmann Automation Introduction and Business Overview 7.6.3 Deutschmann Automation Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.6.4 Deutschmann Automation Protocol Converters Product Offerings 7.6.5 Deutschmann Automation Recent Development 7.7 Sopto 7.7.1 Sopto Company Information 7.7.2 Sopto Introduction and Business Overview 7.7.3 Sopto Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.7.4 Sopto Protocol Converters Product Offerings 7.7.5 Sopto Recent Development 7.8 Westermo 7.8.1 Westermo Company Information 7.8.2 Westermo Introduction and Business Overview 7.8.3 Westermo Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.8.4 Westermo Protocol Converters Product Offerings 7.8.5 Westermo Recent Development 7.9 ICP DAS 7.9.1 ICP DAS Company Information 7.9.2 ICP DAS Introduction and Business Overview 7.9.3 ICP DAS Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.9.4 ICP DAS Protocol Converters Product Offerings 7.9.5 ICP DAS Recent Development 7.10 Odot Automation 7.10.1 Odot Automation Company Information 7.10.2 Odot Automation Introduction and Business Overview 7.10.3 Odot Automation Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.10.4 Odot Automation Protocol Converters Product Offerings 7.10.5 Odot Automation Recent Development 7.11 RLE Technologies 7.11.1 RLE Technologies Company Information 7.11.2 RLE Technologies Introduction and Business Overview 7.11.3 RLE Technologies Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.11.4 RLE Technologies Protocol Converters Product Offerings 7.11.5 RLE Technologies Recent Development 7.12 3onedata Co.，Ltd 7.12.1 3onedata Co.，Ltd Company Information 7.12.2 3onedata Co.，Ltd Introduction and Business Overview 7.12.3 3onedata Co.，Ltd Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.12.4 3onedata Co.，Ltd Protocol Converters Product Offerings 7.12.5 3onedata Co.，Ltd Recent Development 7.13 OMRON 7.13.1 OMRON Company Information 7.13.2 OMRON Introduction and Business Overview 7.13.3 OMRON Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.13.4 OMRON Protocol Converters Product Offerings 7.13.5 OMRON Recent Development 7.14 GIC India 7.14.1 GIC India Company Information 7.14.2 GIC India Introduction and Business Overview 7.14.3 GIC India Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.14.4 GIC India Protocol Converters Product Offerings 7.14.5 GIC India Recent Development 7.15 Axis Solutions 7.15.1 Axis Solutions Company Information 7.15.2 Axis Solutions Introduction and Business Overview 7.15.3 Axis Solutions Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.15.4 Axis Solutions Protocol Converters Product Offerings 7.15.5 Axis Solutions Recent Development 7.16 Samyak Instrumentation 7.16.1 Samyak Instrumentation Company Information 7.16.2 Samyak Instrumentation Introduction and Business Overview 7.16.3 Samyak Instrumentation Protocol Converters Sales, Revenue, Price and Gross Margin (2020-2025) 7.16.4 Samyak Instrumentation Protocol Converters Product Offerings 7.16.5 Samyak Instrumentation Recent Development 8 Industry Chain Analysis 8.1 Protocol Converters Industrial Chain 8.2 Protocol Converters Upstream Analysis 8.2.1 Key Raw Materials 8.2.2 Raw Materials Key Suppliers 8.2.3 Manufacturing Cost Structure 8.3 Midstream Analysis 8.4 Downstream Analysis (Customers Analysis) 8.5 Sales Model and Sales Channels 8.5.1 Protocol Converters Sales Model 8.5.2 Sales Channel 8.5.3 Protocol Converters Distributors 9 Research Findings and Conclusion 10 Appendix 10.1 Research Methodology 10.1.1 Methodology/Research Approach 10.1.1.1 Research Programs/Design 10.1.1.2 Market Size Estimation 10.1.1.3 Market Breakdown and Data Triangulation 10.1.2 Data Source 10.1.2.1 Secondary Sources 10.1.2.2 Primary Sources 10.2 Author Details 10.3 Disclaimer
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