Industrial Ethernet report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Industrial Ethernet by region.
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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.
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
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
What is the goal of the report?
? The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
? During the forecast period, the report analyzes the growth rate, market size, and market valuation.
? The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
? The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance
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