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Industrial Ethernet Market To Exhibit A Lucrative Growth Of 15%

06-19-2018 03:50 PM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Global Market Insights

Global Market Insights

Industrial Ethernet market is projected to surpass USD 72 billion by 2024. The term industrial Ethernet comprises a series of expansions to the IEEE 802.3 Ethernet standard through which the communication technology in the industrial environment is implemented. Traditional Ethernet was developed for office-based applications; it is subject to certain restrictions and cannot be used in harsh industrial environments. Industrial Ethernet effectively overcomes these limitations and offers significant expansions of the Ethernet technology framework for industrial applications.

Industrial Ethernet offers a wide range of network security measures to facilitate data integrity and confidentiality. It ensures that the data cannot be accessed by any unauthorized users. Manufacturing devices, such as Programmable Logic Controllers (PLCs) as well as PCs, can be effectively protected due to these network security features. Industrial applications usually depend on broadcast or multicast communication systems. Industrial Ethernet uses intelligent switching platforms, which can dynamically configure interfaces. As a result, the traffic is forwarded to only those ports that are associated with the requested data. Thus, client devices can be relieved from processing unneeded frames.

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The players operating in this market offer a wide range of industrial Ethernet switches, service routers, communication interfaces, and Ethernet network media. Manufacturers specializing in industrial Ethernet solutions spend considerable time and resources in developing advanced hardware and software solutions to offer improved process productivity by streamlining industrial network infrastructures. Along with these solutions, providers also offer allied services that include installation, functional testing, training & consultation, and maintenance services.

North America dominated the industrial Ethernet market in 2016 with a major share of around 57% and it is expected to maintain this dominance over the forecast timeline owing to the rapid growth of industrial automation in the region. As manufacturers are emphasizing more on getting maximum returns on their capital investments including their network infrastructures, the adoption of industrial Ethernet is expected to swiftly accelerate between 2017 and 2024. The Asia Pacific Ethernet market is projected to exhibit the fastest growth during the forecast period owing to rapid industrialization in countries including China, India, Japan, and Singapore. Also, as the popularity and the adoption of Industrial IoT (IIoT) in the region are growing consistently, the market will witness an exponential growth over the forecast timeline.

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The players operating in the industrial Ethernet market are aggressively involved in designing and commercializing technologically-advanced products such as switches to enable customers to manage industrial networks more effectively. For instance, in March 2017, Moxa launched its SDS-3008 smart switch under its industrial Ethernet switch family. The switch allows users to simplify HMI/SCADA integration by activating pre-configured IA protocols in one click. Some of the key players operating in the Industrial Ethernet market are Advanced Motion Control, ABB Ltd., ACS Motion Control Ltd., Beckhoff Automation, Alta Industrial Motion, B&R Automation, Cisco Systems, Inc., Belden, Inc. (Hirschmann), Bosch Rexroth AG, Eaton Corporation, Moxa, Inc., Honeywell International, Inc., Innovasic, Inc., Schneider Electric SE, Parker Hannifin Corporation, Omron Corporation, Siemens AG, Rockwell Automation, Yokogawa Electric Corporation, and Yaskawa Electric Corporation.

Browse key industry insights spread across 230 pages with 173 market data tables & 29 figures & charts from the report, “Industrial Ethernet Market Size By Component (Hardware [Switches, Hubs, Router & Gateways, Connectors, Communication Interface, Controller & Processors], Software, Service [Integration & Testing Service, Maintenance Service]) By Protocol (Ethernet TCP/IP, Gigabit, PROFINET, Ethernet/IP, Modbus TCP/IP, Powerlink, EtherCAT, Sercos III, HSE), By Application (Automotive & Transport, Aerospace & Defense, Electrical & Electronics, Oil & Gas, Energy & Power, Chemical), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, Australia & New Zealand, China, India, Japan, South Korea, Brazil, Mexico, Argentina, GCC, South Africa), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/industrial-ethernet-market

Glimpse of Table of Content (ToC)

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope, definition and research parameters

1.2. Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Industrial Ethernet industry 360º synopsis, 2013 - 2024

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Component trends

2.1.4. Application trends

Chapter 3. Industrial Ethernet Industry Insights

3.1. Introduction

3.2. Industrial Ethernet segmentation

3.3. Industrial Ethernet landscape, 2013 - 2024

3.4. Industrial Ethernet ecosystem analysis

3.5. Industrial Ethernet features

3.5.1. Increased distance

3.5.2. Network security

3.5.3. Broadcast & Multicast

3.5.4. Standardization

3.6. Industrial Ethernet regulations

3.6.1. IEEE 802 Wireless Standards

3.6.2. EN 50575 Standard (Europe)

3.7. Industry impact forces

3.7.1. Growth drivers

3.7.1.1. Need to improve network flexibility

3.7.1.2. Increasing adoption of advanced industrial ethernet

3.7.1.3. Increasing infrastructure spending

3.7.1.4. Growing adoption in automotive industry

3.7.2. Industry pitfalls & challenges

3.7.2.1. Rigid protocols and standardization

3.7.2.2. Concern related to network security

3.8. Porter's analysis

3.9. PESTEL analysis

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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