Industrial Ethernet Global Market Overview:
The global industrial Ethernet market is showing immense growth; mainly due to the emergence of cloud technologies and growing popularity of connected devices. The automation is one major trend driving the companies to implement smart factory techniques using industrial ethernet and this in turn is fuelling the market growth. Companies these days are moving their business to cloud and data centers which requires secure, faster and reliable connection by implementing proper protocol.
According to a recent study report published by Market Research Future, The global market of Industrial Ethernet is booming and expected to gain prominence over the forecast period. The market is projected to demonstrate a spectacular growth by 2023 with a striking CAGR during the anticipated period (2017 – 2023). Industrial Ethernet Market is the use of ethernet cable in the industrial application to provide real time control over the network communication. The major factor driving the growth of industrial ethernet market is due to the advancements in industrial internet of things (IIoT) and connected devices. Industrial IoT refers to connected network of devices, with sensors, data analytics, and cloud infrastructure helping to connect the imbalanced infrastructure and reducing the operating cost. It also allows real time flow of information across the production value chain by minimizing the unnecessary breakdowns.
On the other hand, lack of technical expertise and lack of determinism in Ethernet networks are some of the factors hindering the growth of industrial ethernet market. Also, difficulty of transferring the old systems to a new protocol is one major factor hindering the growth of industrial ethernet market. This makes the management more complex and network performance becomes highly critical, which may hamper the market growth.
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Major Key Players:
Siemens AG (Germany), ABB Ltd. (Switzerland), Rockwell Automation (U.S.), Schneider Electric (France), Beckhoff Automation (Germany), Moxa Inc. (Taiwan), B&R Automation (Austria), Belden Inc. (U.S.), Innovasic, Inc. (U.S.), and Cisco Systems, Inc. (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Industrial Ethernet Market.
Industry News
November 2017 – Siemens introduces Scalance XB-100 line of industrial Ethernet switches. The Scalance XB-100 switches are available in five different variants with up to 24 RJ45 ports as well as two ST/BFOC or two SC ports enabling distances of up to 5 kilometers to be bridged in multimode operation.
April 2017 – Beckhoff expands ultra-compact industrial PC series with the new C6030.
November 2017 – Schneider Electric launches new services to modernise PLC operations. With built-in Ethernet capability and best-in-class processing power and memory, the Modicon M580 ePAC is the only PLC that can enable 100 per cent ROI within three months for hybrid applications.
Industrial Ethernet Global Market Competitive Analysis:
The market of industrial ethernet appears to be highly competitive. To maintain their market position and to drive the market growth, various dynamic and diversified international organizations, domestic organizations and as well as new entrants form a competitive landscape. Market leaders are innovating continuously and increasingly seeking market expansion through various strategic mergers and acquisitions, innovation, increasing investments in research and development and cost-effective product portfolio. Major players are investing on internal R&D and, most of all, in acquiring other firms.
Industrial Ethernet Global Market – Segmentation
The industrial ethernet market can be classified into 4 key segments for the convenience of the report and enhanced understanding;
Segmentation by Component: Comprises of Hardware, Software and Services
Segmentation by Protocol: Comprises of PROFINET (Process Field Network), POWERLINK, EtherCAT (Ethernet for Control Automation Technology, Modbus/TCP (Transmission Control Protocol), Ethernet/IP (Internet Protocol), CC-Link IE and Sercos III
Segmentation by Application: Comprises of Electronics, Defense, Industrial, Automotive, Pharmaceuticals, Aerospace, Oil & Gas, Food & Beverage, and Water & Waste Water.
Segmentation by Region: Comprises of Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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Industrial Ethernet Global Market Regional Analysis:
Asia Pacific is expected to witness a significant growth and hold the largest market share during the forecast period. This is majorly due to the rich presence of consumer electronics, electronic component manufacturing and emerging automobile industries in countries like China, Japan, India, South Korea and Taiwan.
Following Asia Pacific, is the North America and Europe. These regions are already mature in terms of advancement in industrial automation and therefore in application of industrial Ethernet. Also, countries such as U.S., Canada, U.K, Germany and France have a rich presence of automotive, oil & gas, aerospace and defense industries. Also, due to the drastic fall in the usage of native applications and a considerable shift towards the adoption of cloud based applications in the region, the market is likely to show immense growth in the coming future. The market for industrial ethernet is expected to grow in every region because of increased adoption of cloud technology, deployment of data centers across the globe and transformation towards process control and automation.
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