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 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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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.
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.
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.
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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Market Scenario:The global industrial Ethernet switch market is anticipated to surpass a valuation of USD 2 billion, attaining a CAGR of 14% during the forecast period (2017-2023), Market Research Future (MRFR) unveils in a detailed report.Soaring implementation of the Ethernet-based solution in industries coupled with the improvement of data centers capacities is fueling the market growth worldwide.
With rising security concerns over the network and high adoption of industrial automation, the Industrial Ethernet Switch Market is expected to reach new heights.Miniaturization of Ethernet switches is considered one of the major factors contributing to the growth of the market.
Moreover, the surging preference for sleek and small devices among the end users is further influencing device manufacturers to develop miniature industrial Ethernet switches.
TSN technology is a deterministic communication technology, which helps to identify the receiver and the host with the help of Ethernet header contents and also carries the payload of any industrial application.
Such factors are likely to assist the growth of the market globally.On the contrary, the high cost of installing managed industrial Ethernet switches, coupled with the dearth of expertise is considered to restrict the growth of the market during the assessment period.Get More Details of Report @ https://bulletinline.com/2020/07/15/industrial-ethernet-switch-market-2020-company-profile-sales-revenue-future-prospects-and-trends-by-forecast-2023/Key PlayersSome of the key players in the Industrial Ethernet Switch Market are Cisco Systems Inc. (U.S.), Juniper Networks, Inc. (U.S.), Alcatel-Lucent (France), Hewlett Packard Enterprise (U.S.), Polycom (U.S.), Avaya Inc. (U.S.), Microsoft Corporation (U.S.), Check Point Software Technologies Ltd. (Israel), IBM Corporation (U.S.), Brocade Communications Systems, Inc. (U.S.), Siemens AG (Germany), Huawei Technologies Co., Ltd (China), and ZTE Corporation (China), among others.Industrial Ethernet Switch Global Market - SegmentationThe industrial Ethernet switch market has been segmented on the basis of application areas, type, organization size, and end-users.By type, the industrial Ethernet switch market is segmented into managed switches and unmanaged switches.By application areas, the industrial Ethernet switch market is segmented into security & surveillance, smart grid, intelligent rail & traffic communication, and others.By organization size, the market is classified into SME and large enterprises.By end users, the market is segmented into oil & gas, aerospace & defense, manufacturing, food & beverages, chemical, automotive, electrical power generation, and others.
Of these, the Ethernet switches market is driven by the automotive sector.Industrial Ethernet Switch Global Market - Regional AnalysisGeographically, the industrial Ethernet switch market spans across Europe, North America, Asia Pacific, and Rest of the World (RoW).Considering the global scenario, Asia Pacific is predicted to dominate the global industrial Ethernet switch market.
The newly added Industrial Ethernet Cables market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027.
Further, this report also highlights smart strategy adopted by major players and also their market share.
Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the industrial ethernet cables market include Belden Inc., General Cable Technologies Corporation, Nexans, SAB Bröckskes GmbH & Co. KG, Siemon, Schneider Electric, Anixter Inc., Siemens AG, Commscope, Prysmian Group.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Industrial Ethernet Cables Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/industrial-ethernet-cables-market/download-sampleMarket DynamicsGrowing spending on expanding manufacturing facilities and rising demand for enhancing network flexibility and performance are the significant factors steering the global industrial ethernet markets growth.
The market is also influenced by industrial trends, including the growing adoption of IoT, rising interest in automation, and the Industry 4.0 trend among manufacturing automotive sectors.
