Fiber Converter Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
For the purpose of this market researchreport, fiber converter is defined as a networking device that allows a connection between two media devices. Through a fiber converter fiber-optic networks and cables can be interconnected with pre-installed coper-based wires and cables. The main advantage of a fiber converter is that pre-existing network system can be partially upgraded to fiber-optic network system. Types of data communication supported by Finer-optic converters include ethernet, fast Ethernet and gigabit Ethernet. Fibre converters allows the expansion of to larger networks. As copper cables are connected with a system of fibre cables using a fibre converter prevents power loss that would have otherwise occurred.
Fiber Converter Market Growth and Trends
Fiber Converter Market Regional Analysis
Ease of installation in already existing cabling connectivity and infrastructure and increasing adoption of fiber optics in the industrial communication system is anticipated to steer growth in the global fiber converter market. North America accounts for holding the largest share in the market attributed to the growing demand for industrial fiber converters for effective transmission of data over a long distance.
Also, the Asia Pacific region is expected to witness a soaring growth in the market due to the shift of the vendors and consumers from the local network to the fiber network. Europe is estimated to trail forward due to the accelerating demand for bandwidth in harsh environments.
Meanwhile, the Middle Eastern and African regions are scaled to pave ahead with increasing investment in up-gradation of existing networking infrastructure and augmented technology.
Fiber Converter Market Share and Competition
Key companies operating in this industry are: Siemens, Red Lion Controls, Weidmüller, Hirschmann, Phoenix, Advantech, Moxa, Kyland, Oring, EtherWAN, Korenix, FiberPlex, Meinberg, Huahuan and Raisecom.
Fiber Converter Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• 10/100 Mbps Type
• 1000Mbps Type
Application Analysis (Revenue, USD Million, 2020 - 2027)
• IP Security
• Factory Automation
• Transportation Systems
• Electric Utility
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Fiber Converter Market Companies
• Red Lion Controls
United States Fiber Converter Market Research Report
Europe Fiber Converter Market Research Report
Asia Pacific Fiber Converter Market Research Report
India Fiber Converter Market Research Report