Industrial Wireless Sensor Networks (IWSN) Market worth $3.795 Billion by 2017

December 11, 2013
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According to a new market research report “Industrial Wireless Sensor Networks (IWSN) Market – Global Forecast Analysis (2012 – 2017): By Technology, Components, Applications, Geography”
published by MarketsandMarkets, the IWSN
market is expected to reach $3.795 billion by 2017 at a CAGR of 15.58%
from 2012 to 2017.

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Wireless Sensor Networks (IWSN) Market – Global Forecast Analysis
(2012 – 2017): By Technology, Components, Applications, Geography”.
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The Industrial Wireless Sensor Networks (IWSN) Market
for Manufacturing Process Control Automation market is expected
to grow from $1.610 billion in 2011 to $3.795 billion in 2017, at a CAGR
of 15.58% from 2012 to 2017. The key companies with respect to
Industrial Wireless Sensor Networks (IWSN) Market for Manufacturing
Process Control Automation include Emerson (U.S.), GE Energy
(U.S.), Honeywell (U.S.), ABB (Switzerland), Endress+Hauser
(Switzerland), Siemens (Germany), Yokogawa (Japan), Yamatake (Japan),
Invensys (U.K.), Mitsubishi (Japan), and others.

Due to the rise in demand for wireless sensor
networks in recent times, significant shift is observed from
traditional, wired technologies to upcoming wireless technologies.
Asia-Pacific is expected to grow at the highest rate due to increase in
production activities in APAC, huge population base, and lucrative
government policies. China is, in fact, the growth engine for automation
in Asia-Pacific; in spite of lower levels of plant automation. India is
also gaining market shares worldwide.

The WSN consists of “nodes” – from a few to several
hundreds or even thousands, where each node is connected to one (or
sometimes several) sensor. Each such sensor network node has typically
several parts: a radio transceiver with an internal antenna or
connection to an external antenna, a microcontroller, an electronic
circuit for interfacing with the sensors and an energy source, usually a
battery or an embedded form of energy harvesting. A sensor node might
vary in size from that of a shoebox down to the size of a grain of dust,
although functioning “motes” of genuine microscopic dimensions are yet
to be created. The cost of sensor nodes is similarly variable, ranging
from a few to hundreds of dollars, depending on the complexity of the
individual sensor nodes. Size and cost constraints on sensor nodes
result in corresponding constraints on resources such as energy, memory,
computational speed, and communications bandwidth. The topology of the
WSNs can vary from a simple star network to an advanced multi-hop
wireless mesh network. The propagation technique between the hops of the
network can be routing or flooding.

The major technologies used in IWSN market are
WirelessHART, ISA100.11a, 6loWPAN, Proprietary, other technologies such
as IEEE 802.11, ZigBee, Bluetooth, GPRS, GSM, and CDMA. The WirelessHART
standard is widely spread in the industrial sector. Nearly 70% of
process control automation installed globally uses WirelessHART
standard. The IWSN market has developed rapidly in Americas (till date),
particularly in the U.S. than in Asia-Pacific, Europe, and Rest of the
World due to the heavy funding available there in U.S.

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Article source: http://www.international.to/index.php?option=com_content&view=article&id=20841:industrial-wireless-sensor-networks-(iwsn)-market-worth-$3-795-billion-by-2017&catid=309:pitchengine&Itemid=446

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