Global Industrial Ethernet Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Industrial Ethernet market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global industrial ethernet market size was US$ 25 billion in 2021. The global industrial ethernet market is forecast to grow to US$ 45.1 billion by 2030, registering a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2022 to 2030.
The application of Ethernet, particularly in the industrial environment, is called industrial Ethernet. It follows the protocols such as EtherCAT, EtherNet/IP, PROFINET, POWERLINK, and Others.
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Factors Influencing the Market
- Rising demand for the reliable, scalable, speedy, and interoperable network is forecast to fuel the growth of the global industrial ethernet market. Industrial Ethernet plays an essential role to attain transparency within an industrial plant. In addition, the increasing demand for reliable communication networks, majorly to boost the industry 4.0 concept, is forecast to fuel the industry growth.
- The growing trend of smart factories and telehealth is forecast to boost the growth of the global industrial ethernet market.
- The 5G rollout is forecast to offer ample growth opportunities for the market players. 5G will help combat the challenges associated with wireless systems. In addition, the sudden onset of 5G technology is forecast to transform the outlook of the manufacturing companies. As a result, it will also benefit the global industrial ethernet market during the study period.
- The increasing deployment of safe, flexible, and efficient manufacturing systems will fuel the growth of the market.
- On the contrary, the shortage of standardization in the communication interfaces is forecast to slow down the growth of the global industrial ethernet market during the forecast period.
Regional Analysis
The Asia-Pacific industrial ethernet market is forecast to register significant growth. The companies in the region are focusing on introducing reliable solutions to outgrow other global market players. In addition, the increasing demand for machine-to-machine (M2M) communication is forecast to fuel the industry’s growth. Moreover, the increasing adoption of the smart factory concept is forecast to benefit the regional market during the study period.
COVID-19 Impact Analysis
Asia-Pacific has been registering the highest growth. However, prominent nations such as India and China were drastically impacted due to the COVID-19 spread. As a result, it impacted the growth of the industrial ethernet market. Governments in the region imposed strict lockdown. As a result, industries had to halt their activities, which ultimately hampered the demand for industrial ethernet.
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Competitors in the Market
- ABB Ltd.
- Physik Instrumente (PI) GmbH & Co. KG (ACS Motion Control, Ltd.)
- Barta-Schoenewald, Inc. (Advanced Motion Control)
- BECKHOFF Automation, Belden, Inc.
- Robert Bosch GmbH (Bosch Rexroth AG)
- Cisco Systems, Inc.
- Eaton Corporation, Honeywell International, Inc.
- Innovasic, Inc. (ANALOG DEVICES)
- Monnit Corporation (Alta Ethernet Gateway)
- Moxa, Inc.
- Omron Corporation
- Other Prominent Players
Market Segmentation
Based on Offering:
- Hardware
- Software
- Services
Based on Protocol:
- EtherCAT
- EtherNet/IP
- PROFINET
- POWERLINK
- SERCOS III
- CC-Link IE
Based on End-use Industry:
- Automotive & Transportation
- Electrical & Electronics
- Aerospace & Defense
- Oil & Gas
- Chemical & Fertilizer
- Food & Beverages
- Pharmaceutical & Medical Devices
- Energy & Power
- Mining & Metals
- Engineering/Fabrication
- Water & Wastewater
- Others (Paper & Pulp, Glass, and Cement)
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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