Industrial Ethernet Market 2020-2025: Global Industry Trends, Share, Size and Forecast Report

The MarketWatch News Department was not involved in the creation of this content. Sep 08, 2020 (AmericaNewsHour) — Global Industrial Ethernet Market Research Report: Information by Component {Hardware [Switches, Connectors (Hubs, Router and Gateway), Communication Interface, Power Supply Devices and Controller and Processors], Software and Service (Installation and Testing Services […]

The MarketWatch News Department was not involved in the creation of this content.

Sep 08, 2020 (AmericaNewsHour) —
Global Industrial Ethernet Market Research Report: Information by Component {Hardware [Switches, Connectors (Hubs, Router and Gateway), Communication Interface, Power Supply Devices and Controller and Processors], Software and Service (Installation and Testing Services and Maintenance Services)}, Protocol (HSE, Sercos III, Ethernet/IP, Modbus TCP/IP, Gigabit Wi-Fi, Ethernet TCP/IP, Powerlink, EtherCAT and CC-Link IE), Industry Vertical (Aerospace & Defense, Energy & Power, Pharmaceutical, Oil & Gas, Food & Beverages, Chemical, Automotive and others) and Region (North America, Europe, Asia Pacific, the Middle East & Africa and South America) – Forecast till 2025

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Market Synopsis of the Global Industrial Ethernet Market

Market Scenario

Ethernet is the computer networking technology commonly used for local area networks (LAN) and is standardized as IEEE 802.3. Industrial Ethernet is the use of traditional Ethernet standards in an industrial environment for real-time monitoring and process control. To make that possible, various protocols such as EtherCAT, CC-Link IE, Powerlink, Ethernet TCP/IP, Gigabit Wi-Fi, Modbus TCP/IP, and Ethernet/IP are used for industrial Ethernet. These industrial protocols can be integrated with extended temperature switches and rugged connectors for real-time processing and automation in an industrial environment.

Growing adoption of industrial Internet of Things (IIoT) in the manufacturing and process industries is one of the factors responsible for the growth of the global industrial Ethernet market. Recently, many industries, including oil & gas, chemical, and food & beverage, are migrating towards the latest technology for the process automation. This is because industrial Ethernet technology enables seamless data transfer across the entire plant floor via a secure network connection. This helps minimize the downtime of the industry and also helps improve the productivity in the supply chain and production process of the industry. Furthermore, government initiatives supporting the process and manufacturing industries to adopt the latest technology is another factor driving the growth of the market. However, substantial capital investments are required to install industrial Ethernet solutions is the factor hampering the growth of the global industrial Ethernet market during the forecast period

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In July 2019, Yokogawa Electric Corporation introduced CENTUM VP R6.07, a new product in the family of OpreX control and safety systems. CENTUM VP R6.07 supports PROFINET industrial Ethernet standard specifically designed to improve the productivity and efficiency of the industrial process.In December 2018, ABB introduced EtherNet/IP communication interface for its universal motor controller, UMC100.3. This simplifies wiring & installation process as well as maximizes uptime of the business process and speed up project delivery of the industry.In May 2017, Analog Devices, Inc. introduced a real-time industrial Ethernet as a part of its deterministic and high-performance Ethernet connectivity solutions for providing intelligent factory applications. This improves the performance of the industry while reducing power consumption.

The Global Industrial Ethernet Market, 2019-2025 (USD Billion)

Source: MRFR Analysis

The global industrial ethernet market is expected to reach approximately USD 70.9 billion by 2025, with a 23.1% CAGR over the forecast period, 2019-2025.

Key Players

Some of the key players of the global industrial Ethernet market are Beckhoff Automation GmbH & Co. KG (Germany), Cisco Systems, Inc. (US), Rockwell Automation, Inc. (US), Schneider Electric (France), Belden Inc. (US), ACS Motion Control (Israel), General Electric (US), ABB (Switzerland), Analog Devices, Inc (US), B&R (Austria), Moxa Inc. (Taiwan), OMRON Corporation (Japan), Eaton (Ireland), Bosch Rexroth AG (Germany), and Yokogawa Electric Corporation (Japan).

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Segmentation

The global industrial ethernet market has been segmented into component, protocol, and industry vertical, and region.

By component, the global market has been segmented into hardware, software, and services. The hardware segment has been further categorized into switches; connectors; hubs, router, and gateway; communication interface; power supply devices; and controller and processors. The services segment has been bifurcated into installation & testing services and maintenance services.By protocol, the global market has been segmented into HSE, Sercos III, Ethernet/IP, Modbus TCP/IP, Gigabit Wi-Fi, Ethernet TCP/IP, Powerlink, EtherCAT, and CC-Link IE.By industry vertical, the global market has been segmented into aerospace & defense, energy & power, pharmaceutical, oil & gas, food & beverages, chemical, automotive, and others

Regional Analysis

The geographical analysis of the global industrial Ethernet network market is studied for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America is dominating the global industrial Ethernet network market due to the presence of early adopters of the latest technology in this region. Additionally, companies such as Cisco Systems, Inc., Rockwell Automation, Inc., Belden Inc., and Analog Devices, Inc. are leading the industrial ethernet market in this region. These are some of the factors responsible for the growth of global industrial Ethernet market during the forecast period in the region.

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Asia-Pacific is expected to account for the highest CAGR in the global industrial Ethernet market during the forecast period due to the presence of leading giants such as Moxa Inc., OMRON Corporation, and Yokogawa Electric Corporation (Japan). The other factors that are responsible for the growth of the market are the early adoption of technology and high penetration IoT devices. Furthermore, growing need for automation in manufacturing and process industries and increased investment in research and development by countries such as China, Japan, and India are another factor driving the growth of the market.

Target Audience

Storage providers

Network equipment providers

Telecom operators

Research firms

Electronic component industries

Auto component manufacturer

Electronics industry

Government agencies

Military and defense

Aerospace industry

About Kenneth Research:

Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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