Press release
Industrial Ethernet Market 2020 Outlook | Recent Market Developments To 2025 | Rockwell Automation, Siemens, ABB, ACS Motion Control, ADVANCED Motion Controls, B&R Industrial Automation, Beckhoff Automation, Belden Inc., Bosch Rexroth, Cisco, Eaton, Honey
Industrial Ethernet Market
As automation continues to penetrate major industry verticals, industrial ethernet market is set to become one of the most rapidly evolving business spaces of recent times for efficient communication networking. This standard-based intelligent switching technology is claimed to offer a plethora of advantages over conventional industrial networks on virtue of its flexibility, scalability, and robustness.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. ABB Ltd.
2. Barta-Schoenewald
3. Inc. (Advanced Motion Control)
4. B&R Industrial Automation GmbH (ABB Group)
5. BECKHOFF Automation
6. Belden Inc.
7. Robert Bosch GmbH (Bosch Rexroth AG)
8. Cisco Systems
9. Eaton Corporation Public Limited Company (Eaton Corporation)
10. Honeywell International Inc.
11. Innovasic Inc. (ANALOG DEVICES)
12. Monnit Corporation (Alta Ethernet Gateway)
13. Moxa Inc.
14. Omron Corporation
15. Parker Hannifin Corporation
A major credit of the anticipated steeping revenue graph of industrial ethernet market goes to the increasing number of lucrative initiatives undertaken by the tech giants with respect to standardization. Say for instance, Qualcomm's demonstration of wireless Profinet Industrial Ethernet over 5G New Radio(NR) had created quite a buzz in the business space a couple of years ago.
Private 5G Network for industrial IoT, as per experts' opinion, is a significant arena that would demand attention for the next phase of global 3GPP 5G NR. In response to this opportunistic wave, the American telecommunication conglomerate may have taken this initiative, setting it as a standard for other players of the global industrial communication market.
Speaking of that, it is imperative to mention that the Asia Pacific industrial ethernet market is strongly characterized by this standardization. As per an authentic market assessment report, APAC industrial.
ethernet industry size will depict the highest CAGR over 2019-2025, majorly on account of the robust growth of automation in the manufacturing sector. Not to mention, the region is also currently characterized by the expansion of Industry 4.0.
The dominance of the regional industrial ethernet market can also be attributed to the supportive governmental policies regarding increasing deployment of automation across automotive and manufacturing domains. In tandem, the region also houses some of the renowned manufacturing giants that have been constantly working on diversifying their product portfolio.
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