Press release
Worldwide Industrial Ethernet Market Growth Analysis 2024 By Top Key Players – Honeywell International, Inc., Innovasic, Inc., Schneider Electric SE, Parker Hannifin Corporation, Omron Corporation, Siemens AG, Rockwell Automation & More
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.
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This global Industrial Ethernet market report studies the industry based on one or more segments covering key players, types, applications, products, technology, end-users, and regions for historical data as well as provides forecasts for next few years.
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.
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.
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.
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.
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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.
Table of Content:
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. Industrial Ethernet Industry Insights
Chapter 4. Competitive Landscape
Chapter 5. Global Industrial Ethernet Market, By Component
Chapter 6. Global Industrial Ethernet Market, By Protocol
Chapter 7. Global Industrial Ethernet Market, By Application
Chapter 8. Global Industrial Ethernet Market, By Region
Chapter 9. Company Profiles
More Report At: https://www.marketstudyreport.com/reports/industrial-ethernet-market
Outer Scope: An ethernet applied to an industrial setting requires more rugged connectors, lots of cables and primarily better determinism, on the grounds of which industrial Ethernet utilizes specialized protocols, in unification with Ethernet. Industrial Ethernet protocols such as PROFINET and EtherCAT have amended standard ethernet in a way that it can not only send and receive data but do so in time, when the data is needed to perform a particular operation. The need for uninterrupted operations in an industrial setting is thus estimated to have a major impact on the growth of industrial Ethernet market.
Recently, TE Connectivity unveiled a new range of incredible industrial Ethernet switches that come with M12 connectivity for railways and other forms of public transport. The new switch’s key features include redundant input power and an optional bypass, that ensure networks stay strong, even during harsh conditions. In the event of a power failure, this technology can transfer data to the next network node, allowing continuous network performance with increased safety. Technological advancements such as the aforementioned are likely to augment the revenue graph of industrial ethernet market in the coming years.
Related Report:
Global Power Over Ethernet Device Market by Manufacturers, Countries, Type and Application, Forecast to 2023
This report focuses on the Power Over Ethernet Device in global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.
https://www.marketstudyreport.com/reports/global-power-over-ethernet-device-market-by-manufacturers-countries-type-and-application-forecast-to-2023/?utm_source=RR-AN
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