What's Driving the Industrial Ethernet Market Growth? (ABB, B&R Industrial Automation, Beckhoff Automation, Belden Inc., Bosch Rexroth, Cisco, Eaton, Honeywell, MOXA, Omron Industrial Automation Europe, Parker Hannifin, Rockwell Automation, Siemens, Schne

Industrial Ethernet Market share will be driven by ever-increasing demand for higher network bandwidth owing to the growing prevalence of cloud services. Surging acceptance of cloud based services among several enterprises has resulted in growing number of data centers which are highly implementing industrial ethernet to meet the bandwidth requirement of cloud and IoT platforms.

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The manufacturing and automotive sectors have been widely implementing industrial IoT to improve the efficiency of the production process and supply chain, further driving the market trends. Moreover, growing inclinations toward industry 4.0 trends owing to enhance the industrial processes such as production and logistics are anticipated to accelerate the industrial ethernet market outlook.

The Major Key Players in the Industrial Ethernet Market are as Follows:
1. ABB
2. B&R Industrial Automation
3. Beckhoff Automation
4. Belden Inc.
5. Bosch Rexroth
6. Cisco
7. Eaton
8. Honeywell
9. MOXA
10. Omron Industrial Automation Europe
11. Parker Hannifin
12. Rockwell Automation
13. Siemens
14. Schneider Electric
15. Yaskawa America, Inc. - Drives & Motion Division

The Hardware segment is anticipated to account for a major volume of the industrial ethernet market share, because it provides the necessary infrastructure for any network to run smoothly. Huge deployments of such hardware devices to cater to the connectivity requirements across various industry verticals will drive the segmental growth.

Industrial ethernet networks require a host of several hardware devices to establish the network connectivity and ensure throughout high bandwidth and network performance.

The hardware and software components originate from a range of manufacturers, they are needed to be integrated to with the existing systems so that the network runs flawlessly. This will lead to an increase in demand for integration, installation and maintenance services further fostering the growth of the service segment.

Moreover, the rising trends of BYOD among the enterprises has also fueled the deployments of several network devices. Consequently, the growing number of network devices is posing a challenge for the IT teams to manage these devices efficiently, leading towards increasing demand for service providers.

The Asia Pacific industrial Ethernet market will expand at a significant rate during 2019-2025 owing to the increasing necessity of grid conversion from traditional to smart grids. The region witnesses the presence of major growing economies such as India and China which are growing at an exponential pace. So, meeting the power requirements emerging from the residential and industrial establishments is a key challenge before the government.

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Favorable government policies to deploy smart grid infrastructure owing to the reduced energy losses and incorporation of renewable energy sources into the existing grids will strongly support the Asia Pacific industrial ethernet market growth. For instance, China declared to invest USD 77.6 billion over the term of next 10 years for converting traditional grids into smart grids.

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