Press release
Industrial Ethernet Solutions Market – Growth Opportunities & Technology Developments by 2025
The main objective of this report is to define, describe, and forecast the global “Industrial Ethernet Solutions” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Industrial Ethernet Solutions Market: Market Overview
The standard Ethernet solutions when used in an industrial environment; are known as industrial Ethernet solutions. The industrial Ethernet solutions are particularly switches and media converters used in industries. The industrial Ethernet solutions are used to integrate AC drives, controllers, monitoring sensors and other crucial components of various industrial processes such as water treatment systems. The industrial Ethernet solutions are also expected to boost the market for factory automation devices, containing in-built connectivity for the Ethernet. The routing capability can be enhanced and incorporated by the replacement of routers designed specifically for use on the factory-floor by the layer-3 switches. With the growth of the industrial Ethernet solutions, the market for the associated products such as the wireless access points, varied switches, routers, gateways and connectors etc.; is also expected to grow. The use of industrial Ethernet solutions directly avails all the information necessary for the control of production processes and management. Firewalls and diagnostic software are some of the IT industrial Ethernet solutions.
Industrial Ethernet Solutions Market: Market Dynamics
The increasing demand for Ethernet solutions in different industries such as food, beverages, and pharmaceuticals, is fueling the growth of the industrial Ethernet solutions market. Another major driving factor is the technological advancement in the market, for instance, the introduction of “Industry 4.0”; that comprises of easy automation and computation of technologies in the industries. The growing demand for interconnectivity for improved efficiency and output is also contributing to the growth of the industrial Ethernet solutions market. The increasing need for electronics coupled with the establishment of more and more manufacturing plants for their production is also enhancing the industrial Ethernet solutions market growth. However, the high initial cost of investment is a restraining factor for the growth of the industrial Ethernet solutions market. Moreover, the implementation of a completely new system in an existing infrastructure is also a challenging factor. The big data analytics coupled with the cloud-based analytics, are widening the scope of the industrial Ethernet solutions market. The real time motion control mechanisms of the industrial Ethernet solutions are also creating the future growth opportunities. One of the prominent trends in the global industrial Ethernet solutions market is the inclusion of IoT (Internet of Things) and AI (Artificial Intelligence) in developing and providing the industrial Ethernet solutions.
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Industrial Ethernet Solutions Market: Market Segmentation
The global industrial Ethernet solutions market can be segmented on the basis of protocol type:
CC-Link IE
Ethernet/IP
EtherCAT
Modbus TCP
POWERLINK
PROFINET
Sercos lll
It can also be segmented on the basis of the end-user industry:
Automobiles
Aerospace
Defense
Food & Beverages
Engineering & Fabrication
Oil & Gas
Pharmaceutical
Waste Water Management
Others
Industrial Ethernet Solutions Market: Segmentation Overview
In protocol type, the PROFINET is referred for industrial Ethernet solutions as an industry standard in itself. It serves the purpose of gathering and forwarding the data within the time constraints, also provides real-time outputs. The industrial Ethernet solutions especially the PROFINET facilitates the automobile manufacturers in their day-to-day production and operations. This is attributed to the feature that PROFINET transmits the data rapidly via varied manufacturing devices. The industrial Ethernet solutions drastically enhance the speed of the data and stability of the platform. They also support both ring configurations as well as line technologies. The industrial Ethernet solutions enable the drives to communicate effectively without the control processor overheads or delay in timings. They are also specifically designed to enhance the flexibility of the machines. The industrial Ethernet solutions are simple and efficient in architecture and improve the decision-making and processing power in motion control as well as in sensors and drives.
Industrial Ethernet Solutions Market: Regional Outlook
The global industrial Ethernet solutions market geographically is segmented as North America, Eastern Europe, Western Europe, Latin America, Asia-Pacific excluding Japan, Japan, and Middle East & Africa. North America and Europe hold a significant market share of industrial Ethernet solutions market owing to the fully automated manufacturing processes. Furthermore, the increase in R & D activities related to aerospace and automobiles, wherein industrial Ethernet solutions are useful, aids in boosting the growth of industrial Ethernet solutions market in the region. The market in the APEJ region is more inclined towards growing demand for industrial Ethernet solutions because of the increasing industrial automation. China followed by India is expected to hold a higher market share for the industrial Ethernet solutions, over the forecast period.
Industrial Ethernet Solutions Market: Recent Developments
Beckhoff Automation offers its customers EtherNet/IP which is the industrial Ethernet solutions standard of Open DeviceNet Vendor Association (ODVA) and is also based on the Ethernet TCP/IP and UDP/IP. Companies such as Belden Inc. offers their customers participation in the industrial Ethernet solutions design workshop for a better understanding of the benefits associated with it. Cisco offers its customers IoT (Internet of Things) based industrial Ethernet solutions. Eaton offers industrial Ethernet solutions designed for flexible configurations that allow expanded networks.
Industrial Ethernet Solutions Market: Prominent Players
Some of the prominent players in the global industrial Ethernet solutions market are:
Advantech Co., Ltd.
Beckhoff Automation
Belden Inc.
Bosch Rexroth USA
Cisco
Delta Electronics, Inc.
Dymec
Eaton
General Electric
Hitachi, Ltd.
Industrial Networking Solutions
Kapsch Group
Leonton Technologies
Molex, LLC
Mouser Electronics, Inc
Moxa Inc.
Rockwell Automation, Inc
Schneider Electric
Siemens AG
TNS Asia Pacific Pte Ltd.
Westermo
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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