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IO-Link Converter Industry Research Report 2026
Market perspective
The global IO-Link Converter market was valued at US$ million in 2025 and is projected to reach US$ million by 2032, implying a CAGR of % over 2026–2032.
The North America market for IO-Link Converter is forecast to increase from US$ million in 2026 to US$ million by 2032, corresponding to a CAGR of % over 2026–2032.
The Europe market for IO-Link Converter is projected to rise from US$ million in 2026 to US$ million by 2032, registering a CAGR of % over 2026–2032.
Read the full market overview
The Asia Pacific market for IO-Link Converter is expected to grow from US$ million in 2026 to US$ million by 2032, at a CAGR of % over 2026–2032.
Leading global manufacturers of IO-Link Converter include , among others. In 2025, the top three vendors together accounted for approximately % of global revenue.
Report Scope
This report quantifies the global IO-Link Converter market in revenue (US$ million) and, where applicable, sales volume (k units), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/k units) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to IO-Link Converter.
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
IO-Link Converter Market by Company
Baumer
WAGO
Ifm
Balluff
Pepperl+Fuchs
Murrelektronik
Banner Engineering
OMRON Industrial Automation
PSI Technologies
STEGO
CoreTigo
SENTINEL
Gicam
Renhotec Group
Wenglor
IO-Link Converter Segment by Type
Protection Type IP65
Protection Type IP66
Others
IO-Link Converter Segment by Application
Industrial Automation
Smart Manufacturing
Others
IO-Link Converter Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global IO-Link Converter market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of IO-Link Converter and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market
5. This report helps stakeholders to gain insights into which regions to target globally
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of IO-Link Converter.
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of IO-Link Converter manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of IO-Link Converter by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of IO-Link Converter in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces 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 11: The main points and conclusions of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Protection Type IP65
- Protection Type IP66
- Others
Applications
- Industrial Automation
- Smart Manufacturing
- Others
Companies covered
- Baumer
- WAGO
- Ifm
- Balluff
- Pepperl+Fuchs
- Murrelektronik
- Banner Engineering
- OMRON Industrial Automation
- PSI Technologies
- STEGO
- CoreTigo
- SENTINEL
- Gicam
- Renhotec Group
- Wenglor
Inside the report.
1 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 IO-Link Converter by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Protection Type IP65
- 2.2.3 Protection Type IP66
- 2.2.4 Others
- 2.3 IO-Link Converter by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Industrial Automation
- 2.3.3 Smart Manufacturing
- 2.3.4 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global IO-Link Converter Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global IO-Link Converter Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global IO-Link Converter Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global IO-Link Converter Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global IO-Link Converter Production by Manufacturers (2021-2026)
- 3.2 Global IO-Link Converter Production Value by Manufacturers (2021-2026)
- 3.3 Global IO-Link Converter Average Price by Manufacturers (2021-2026)
- 3.4 Global IO-Link Converter Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global IO-Link Converter Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global IO-Link Converter Manufacturers, Product Type & Application
- 3.7 Global IO-Link Converter Manufacturers Established Date
- 3.8 Global IO-Link Converter Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Baumer
- 4.1.1 Baumer IO-Link Converter Company Information
- 4.1.2 Baumer IO-Link Converter Business Overview
- 4.1.3 Baumer IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.1.4 Baumer Product Portfolio
- 4.1.5 Baumer Recent Developments
- 4.2 WAGO
- 4.2.1 WAGO IO-Link Converter Company Information
- 4.2.2 WAGO IO-Link Converter Business Overview
- 4.2.3 WAGO IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.2.4 WAGO Product Portfolio
- 4.2.5 WAGO Recent Developments
- 4.3 Ifm
- 4.3.1 Ifm IO-Link Converter Company Information
- 4.3.2 Ifm IO-Link Converter Business Overview
- 4.3.3 Ifm IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.3.4 Ifm Product Portfolio
- 4.3.5 Ifm Recent Developments
- 4.4 Balluff
- 4.4.1 Balluff IO-Link Converter Company Information
- 4.4.2 Balluff IO-Link Converter Business Overview
- 4.4.3 Balluff IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.4.4 Balluff Product Portfolio
- 4.4.5 Balluff Recent Developments
- 4.5 Pepperl+Fuchs
- 4.5.1 Pepperl+Fuchs IO-Link Converter Company Information
- 4.5.2 Pepperl+Fuchs IO-Link Converter Business Overview
- 4.5.3 Pepperl+Fuchs IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.5.4 Pepperl+Fuchs Product Portfolio
- 4.5.5 Pepperl+Fuchs Recent Developments
- 4.6 Murrelektronik
- 4.6.1 Murrelektronik IO-Link Converter Company Information
- 4.6.2 Murrelektronik IO-Link Converter Business Overview
- 4.6.3 Murrelektronik IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.6.4 Murrelektronik Product Portfolio
- 4.6.5 Murrelektronik Recent Developments
- 4.7 Banner Engineering
- 4.7.1 Banner Engineering IO-Link Converter Company Information
- 4.7.2 Banner Engineering IO-Link Converter Business Overview
- 4.7.3 Banner Engineering IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.7.4 Banner Engineering Product Portfolio
- 4.7.5 Banner Engineering Recent Developments
- 4.8 OMRON Industrial Automation
- 4.8.1 OMRON Industrial Automation IO-Link Converter Company Information
- 4.8.2 OMRON Industrial Automation IO-Link Converter Business Overview
- 4.8.3 OMRON Industrial Automation IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.8.4 OMRON Industrial Automation Product Portfolio
- 4.8.5 OMRON Industrial Automation Recent Developments
- 4.9 PSI Technologies
- 4.9.1 PSI Technologies IO-Link Converter Company Information
- 4.9.2 PSI Technologies IO-Link Converter Business Overview
- 4.9.3 PSI Technologies IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.9.4 PSI Technologies Product Portfolio
- 4.9.5 PSI Technologies Recent Developments
- 4.10 STEGO
- 4.10.1 STEGO IO-Link Converter Company Information
- 4.10.2 STEGO IO-Link Converter Business Overview
- 4.10.3 STEGO IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.10.4 STEGO Product Portfolio
- 4.10.5 STEGO Recent Developments
- 4.11 CoreTigo
- 4.11.1 CoreTigo IO-Link Converter Company Information
- 4.11.2 CoreTigo IO-Link Converter Business Overview
- 4.11.3 CoreTigo IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.11.4 CoreTigo Product Portfolio
- 4.11.5 CoreTigo Recent Developments
- 4.12 SENTINEL
- 4.12.1 SENTINEL IO-Link Converter Company Information
- 4.12.2 SENTINEL IO-Link Converter Business Overview
- 4.12.3 SENTINEL IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.12.4 SENTINEL Product Portfolio
- 4.12.5 SENTINEL Recent Developments
- 4.13 Gicam
- 4.13.1 Gicam IO-Link Converter Company Information
- 4.13.2 Gicam IO-Link Converter Business Overview
- 4.13.3 Gicam IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.13.4 Gicam Product Portfolio
- 4.13.5 Gicam Recent Developments
- 4.14 Renhotec Group
- 4.14.1 Renhotec Group IO-Link Converter Company Information
- 4.14.2 Renhotec Group IO-Link Converter Business Overview
- 4.14.3 Renhotec Group IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.14.4 Renhotec Group Product Portfolio
- 4.14.5 Renhotec Group Recent Developments
- 4.15 Wenglor
- 4.15.1 Wenglor IO-Link Converter Company Information
- 4.15.2 Wenglor IO-Link Converter Business Overview
- 4.15.3 Wenglor IO-Link Converter Production, Value and Gross Margin (2021-2026)
- 4.15.4 Wenglor Product Portfolio
- 4.15.5 Wenglor Recent Developments
5 Global IO-Link Converter Production by Region
- 5.1 Global IO-Link Converter Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global IO-Link Converter Production by Region: 2021-2032
- 5.2.1 Global IO-Link Converter Production by Region: 2021-2026
- 5.2.2 Global IO-Link Converter Production Forecast by Region (2027-2032)
- 5.3 Global IO-Link Converter Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global IO-Link Converter Production Value by Region: 2021-2032
- 5.4.1 Global IO-Link Converter Production Value by Region: 2021-2026
- 5.4.2 Global IO-Link Converter Production Value Forecast by Region (2027-2032)
- 5.5 Global IO-Link Converter Market Price Analysis by Region (2021-2026)
- 5.6 Global IO-Link Converter Production and Value, YOY Growth
- 5.6.1 North America IO-Link Converter Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe IO-Link Converter Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China IO-Link Converter Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan IO-Link Converter Production Value Estimates and Forecasts (2021-2032)
- 5.6.5 South Korea IO-Link Converter Production Value Estimates and Forecasts (2021-2032)
6 Global IO-Link Converter Consumption by Region
- 6.1 Global IO-Link Converter Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global IO-Link Converter Consumption by Region (2021-2032)
- 6.2.1 Global IO-Link Converter Consumption by Region: 2021-2026
- 6.2.2 Global IO-Link Converter Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America IO-Link Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America IO-Link Converter Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe IO-Link Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe IO-Link Converter Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific IO-Link Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific IO-Link Converter Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa IO-Link Converter Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa IO-Link Converter Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global IO-Link Converter Production by Type (2021-2032)
- 7.1.1 Global IO-Link Converter Production by Type (2021-2032) & (k units)
- 7.1.2 Global IO-Link Converter Production Market Share by Type (2021-2032)
- 7.2 Global IO-Link Converter Production Value by Type (2021-2032)
- 7.2.1 Global IO-Link Converter Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global IO-Link Converter Production Value Market Share by Type (2021-2032)
- 7.3 Global IO-Link Converter Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global IO-Link Converter Production by Application (2021-2032)
- 8.1.1 Global IO-Link Converter Production by Application (2021-2032) & (k units)
- 8.1.2 Global IO-Link Converter Production Market Share by Application (2021-2032)
- 8.2 Global IO-Link Converter Production Value by Application (2021-2032)
- 8.2.1 Global IO-Link Converter Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global IO-Link Converter Production Value Market Share by Application (2021-2032)
- 8.3 Global IO-Link Converter Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 IO-Link Converter Value Chain Analysis
- 9.1.1 IO-Link Converter Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 IO-Link Converter Production Mode & Process
- 9.2 IO-Link Converter Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 IO-Link Converter Distributors
- 9.2.3 IO-Link Converter Customers
10 Global IO-Link Converter Analyzing Market Dynamics
- 10.1 IO-Link Converter Industry Trends
- 10.2 IO-Link Converter Industry Drivers
- 10.3 IO-Link Converter Industry Opportunities and Challenges
- 10.4 IO-Link Converter Industry Restraints
11 Report Conclusion
12 Disclaimer
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