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Industrial Ethernet Market Growth by Top Companies, Trends and Demand Forecast to 2025

Author : Ronak Bora | Published Date : 2020-08-21 

Industrial Ethernet market has essentially risen to prominence due to the extensive integration of IoT in numerous fields. Technically, industrial ethernet is an improvement over the traditional ethernet in terms of the use of rugged cables and connectors and better determinism. Enhanced determinism in fact, is one of the major factors that is expected to drive industrial ethernet market as industrial environments have a key requirement for determinism.

Packets of data have to be delivered and received with precision every time, while data delay may end up in disasters – may be an unacceptable flaw in production process. Certain protocols of industrial Ethernet such as EtherNEt/IP, PROFINET, TCP/IP have been deployed for achieving better determinism, thus impelling industrial ethernet market growth.

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Industrial Ethernet market is projected to surpass USD 70 billion by 2025. The rising demand for higher bandwidth and cloud services by several enterprises across various industries is supporting the increasing number of data centers and enhancement in their capacities. These data centers are highly adopting industrial ethernet to cater to the demand of cloud and IoT platforms, leading to the growth of the market. The rising IIoT adoption in several enterprises for structuring & restructuring industrial networks is increasing the demand for Industrial Ethernet products, such as switches, gateways, connectors, processors, and controllers, resulting in the market growth over the forecast timeline.

The healthcare, automotive, and aerospace & defense sectors are growingly adopting Industry 4.0 to enhance their production process and logistics, contributing to the growth of the industrial Ethernet market. The energy & power in the application segment held a significant market share in 2018 and is expected to maintain its significant market share over the forecast period. The industrial ethernet enables rugged & reliable communication in the oil & gas exploration, resulting in increased productivity with reduced cost. For instance, in October 2016, Siemens claimed that its product lines, SCALANCE and RUGGEDCOM, will reduce the asset downtime by 66% in the energy & power sector.

Besides the automobile industry, the energy industry has also largely adopted the use of industrial Ethernet to establish reliable, cost effective and fast communications systems. The wind power generation industry can be considered as an instance if the growth of the industrial ethernet market is to be evaluated through the energy industry.

Communication equipment used in wind power generation operations is required to be hardy and able to withstand fluctuating temperatures. Wind turbines house a complex control and automation system that must communicated with other wind turbine systems to achieve a viable alternative source to traditional energy. Industrial ethernet facilitates this flawless communication thus forging growth avenues for the industrial ethernet market with the rising prominence of wind power industry.

The Asia Pacific market is projected to grow at a significant CAGR during the forecast period. The supportive government initiatives and hefty investments to extensively convert traditional grids into smart grids in countries such as China, Japan, and India are resulting in the proliferation of the industrial Ethernet market. The green initiatives adopted by the government of the region to reduce carbon intensity and increase the use of a renewable source of energy are supporting the growth of the smart grid technology in the region, resulting in the market growth. For instance, in August 2016, China announced to invest USD 77.6 billion over a period of next 10 years for converting traditional grids into smart grids. This will help the country to reduce the carbon intensity of its GDP by 40%-45% by 2020 relative to 2005.

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Some of the key players operating in the Industrial Ethernet market are, ABB Ltd., Advanced Motion Control, ACS Motion Control Ltd., Alta Industrial Motion, Beckhoff Automation, B&R Automation, Belden, Inc. (Hirschmann), Cisco Systems, Inc., Bosch Rexroth AG, Honeywell International, Inc., Eaton Corporation, Moxa, Inc., Innovasic, Inc., Omron Corporation, Schneider Electric SE, Rockwell Automation, Parker Hannifin Corporation, Yaskawa Electric Corporation, Siemens AG, and Yokogawa Electric Corporation.

Table of Contents (ToC) of the report:

Chapter 5. Industrial Ethernet Market, By Component

5.1. Key trends, by component

5.2. Hardware

5.2.1. Ethernet hardware market size, 2014-2025

5.2.2. Switches

5.2.2.1. Switches market size, 2014-2025

5.2.3. Hubs, routers & gateways

5.2.3.1. Hubs, routers and gateways market size, 2014-2025

5.2.4. Connectors

5.2.4.1. Connectors market size, 2014-2025

5.2.5. Communication interface

5.2.5.1. Communication market size, 2014-2025

5.2.6. Controller & processors

5.2.6.1. Controller & processors market size, 2014-2025

5.2.7. Others

5.2.7.1. Others market size, 2014-2025

5.3. Software

5.3.1. Ethernet software market size, 2014-2025

5.4. Service

5.4.1. Ethernet service market size, 2014-2025

5.4.2. Installation & testing service

5.4.2.1. Installation & testing service market size, 2014-2025

5.4.3. Maintenance service

5.4.3.1. Maintenance service market size, 2014-2025

Chapter 6. Industrial Ethernet Market, By Protocol

6.1. Key trends, by protocol

6.2. Ethernet TCP/IP

6.2.1. Ethernet TCP/IP market size, 2014-2025

6.3. Gigabit

6.3.1. Gigabit market size, 2014-2025

6.4. PROFINET

6.4.1. PROFINET market size, 2014-2025

6.5. Modbus TCP/IP

6.5.1. Modbus TCP/IP market size, 2014-2025

6.6. Powerlink

6.6.1. Powerlink market size, 2014-2025

6.7. EtherCAT

6.7.1. EtherCAT market size, 2014-2025

6.8. Sercos III

6.8.1. Sercos III market size, 2014-2025

6.9. HSE

6.9.1. HSE market size, 2014-2025

6.10. Others

6.10.1. Others market size, 2014-2025

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/industrial-ethernet-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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