Report Ocean recently released a research report on the Industrial Ethernet Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
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.
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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.
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
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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)
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
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- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Industrial Ethernet Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Industrial Ethernet market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Industrial Ethernet Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Industrial Ethernet market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Industrial Ethernet market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Industrial Ethernet market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Industrial Ethernet market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Industrial Ethernet business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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