Press release
What’s driving the Industrial Ethernet Market growth? | Key Players are Cisco, ABB, Beckhoff Automation, Belden Inc., Bosch Rexroth, Honeywell, MOXA, Parker Hannifin, Rockwell Automation, Siemens, Schneider Electric
Industrial Ethernet Market
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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.
A highly pivotal space of the smart technology vertical, industrial ethernet market has garnered commendable acclaim in the last few years. Industrial ethernet protocols are known to establish a flexible, scalable, and ubiquitous network that conveniently connects components as and when required.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cisco
2. ABB
3. Beckhoff Automation
4. Belden Inc.
5. Bosch Rexroth
6. Honeywell
7. MOXA
8. Parker Hannifin
9. Rockwell Automation
10. Siemens
11. Schneider Electric
12. B&R Industrial Automation
Chapter 3. Industrial Ethernet Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Industry landscape
3.4. Industrial Ethernet features
3.4.1. Increased distance
3.4.2. Network security
3.4.3. Broadcast and Multicast
3.4.4. Standardization
3.5. Industry ecosystem analysis
3.6. Industrial ethernet technology evolution
3.7. Regulatory landscape
3.7.1. International Electrotechnical Commission (IEC)
3.7.2. UL mark
3.7.3. IEEE 802 Wireless Standards
3.7.4. EN 50575 Standard (Europe)
3.7.5. China Compulsory Certification (CCC) marking
3.8. Technology and innovation landscape
3.8.1. Industrial Internet of Things (IIoT)
3.8.2. Powered fiber cable system
3.8.3. Artificial Intelligence (AI)
3.9. Industry impact forces
3.9.1. Growth drivers
3.9.1.1. Need to improve network flexibility
3.9.1.2. Increasing adoption of advanced industrial ethernet protocols
3.9.1.3. Increasing infrastructure spending
3.9.1.4. Growing adoption in the automotive industry
3.9.2. Industry pitfalls & challenges
3.9.2.1. Rigid protocols and standardization
3.9.2.2. Concern related to network security
3.10. Porter's analysis
3.11. PESTEL analysis
3.12. Growth potential analysis
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The demand for this software is exponentially high among myriad end-use sectors on account of the rising expenditure on infrastructure and the increasing requirement to enhance performance and network flexibility. Indeed, companies have even been upgrading their already existing Ethernet protocols for performance improvisation, strengthening their stance in industrial ethernet market.
The emergence of the industrial Internet of Things has opened new growth avenues for the expansion of industrial communication market, as IoT will increasingly utilize the higher bandwidth and real time capabilities provided by industrial ethernet. IoT is being majorly deployed in the automobile industry to produce smarter cars in the future – quite overtly, the automotive sector will come to emerge as a prime growth avenue for industrial ethernet market.
Smart automobiles, besides having more streamlined on-board functionality, are expected to have futuristic features like traffic light recognition system, lane departure warning system and advanced driver assistance system. Automobile based industrial ethernet market is expected to grow due to the reliability and versatility of industrial ethernet which will in turn gravitate automobile manufacturers. Experts assume that the cars of the future will be equipped with 60 to 100 Ethernet nodes.
Browse key industry insights spread across 311 pages with 382 market data tables & 35 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, 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, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/industrial-ethernet-market
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.
As the demand for Ethernet in the energy sector depicts a rise, the consumption graph of other lucrative business spheres such as power over ethernet (PoE) solutions market is also expected to show an incline, which inevitably will impact industrial ethernet market size.
Top key players operating in the Industrial Ethernet market are, ABB, ACS Motion Control, ADVANCED Motion Controls, B&R Industrial Automation, Beckhoff Automation, Belden Inc., Bosch Rexroth, Cisco, Eaton, Honeywell, Innovasic Semiconductor, MOXA, Omron Industrial Automation Europe, Parker Hannifin, Rockwell Automation, Siemens, Schneider Electric, Yaskawa America, Inc. - Drives & Motion Division. As the demand for automated and smart solutions increases, industrial ethernet industry is set to exceed USD 70 billion by 2025
Browse Related Report:
https://www.openpr.com/news/1770009/Non-Destructive-Testing-Service-Market-to-register-extensive-growth-via-Radiography-sector-Major-Vendors-are-Applus-DEKRA-Mistras-Group-Inc-NDT-Global-NIKON-METROLOGY-SGS-TEAM-Inc.html
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.
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Global Market Insights, Inc.
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