Ethernet Powerlink Market Forecast to Reach $4.6 Billion by 2025

The global Ethernet Powerlink Market is forecast to reach $4.6 Billion by 2025, growing at CAGR 6.6% from 2020 to 2025. The growth of this market is being propelled by the increasing demand for high-speed, high-bandwidth, ease of installation and improved reliability of industrial network and networking equipment across various end-user verticals due to the growing penetration of industry 4.0. The mass adoption of industrial Ethernet networks, such as Ethernet powerlink in the power sector due to the shifting emphasis towards renewable power generation and smart grids, coupled with the rising penetration of digitalization in utility sectors have led to the increase in the Ethernet POWERLINK deployment.

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Ethernet Powerlink Market Segment Analysis - By Offering Types

The Hardware segment is analyzed to register the highest share of 54% in 2019, owing to the growing penetration of IIoT among manufacturing hubs worldwide. Some other industry verticals such as oil & gas, utility, chemical and food & beverage are also expeditiously implementing Powerlink due to increasing demand for high-speed production. Among Ethernet Powerlink hardware offerings, the Gateway defines the latest in Industry 4.0 due to promising features that makes it easy to connect to IoT without any automation logic intervention. The aim of IoT Gateway is providing unison among companies through the strategic goal of networking among all associated machines and systems. In November 2018, Bosch Rexroth launched IoT Gateway V2 to support users with seamless connectivity, with an adjustable and scalable concept for one or more machines for increasing productivity. Moreover, the continuous rise in adoption of PoE- based products for powering networks in a secure and energy-efficient way drives the growth of the market. In November 2020, the Ethernet Alliance launched Gen 2 Power over Ethernet (PoE) Certification Program, regarding the rising demand across industry for interoperable PoE (Power over Ethernet) products as well as solutions.

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Ethernet Powerlink Market Segment Analysis - By End-Use Industry

The General Manufacturing Industry is estimated to register the highest share of 16% in 2019. The growth of this market is being propelled by the increasing demand for high-speed M2M communication. Owing to the trends such as connected factory, digital twin, robotics and manufacturing analytics, which demand high speed data communication, are some of the major factors driving the Ethernet powerlink market. To aim increasing demands of the fourth industrial revolution era, in July 2020, Doosan Robotics Inc. launched six new Cobots, also called collaborative robots to drive the momentum of the smart factory industry. The logistic & transportation Ethernet powerlink market are set to witness the significant growth rate of CAGR XX% during the forecast period 2020-2025. Due to the COVID-19 crisis, astounding demand for home-delivery in E-commerce sector increased remarkably. The giant E-commerce companies reevaluate automation technology pertinent to warehouse management in batches and package stations, which is also one of the major factors driving the growth of the market. In August 2020, Attabotics, inspired by ant colonies, announced a hefty investment of $50 million to accelerate a supply chain solution that will transform “traditional warehouse into a single, vertical storage structure”. This will transform traditional storehouses into single and vertical storage structures, and will include implementation of high-speed warehouse robotics solutions, thereby driving the market of Ethernet powerlink.

Ethernet Powerlink Market Segment Analysis - By Geography

North America dominated the Ethernet POWERLINK Market in 2019 with a share of 34%, followed by Europe, which acquired XX% share in the same year, respectively. The early adoption of employing Powerlink and shift towards high-speed industrial automation systems across various industry verticals has accelerated the growth of Ethernet Powerlink Market in the region. In March 2019, Ideal Networks launched NaviTEK IE, a purpose-built handheld network testing equipment to prevent any troubleshooting of standard Ethernet IP networks. In industrial Ethernet networks, NaviTEK IE simplifies the testing process both cabling and networks, as preventative maintenance is the key to keep operations running efficiently in Industrial Ethernet applications, and thus, drive the market in a competitive across logistics, service and manufacturing.

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Ethernet Powerlink Market Drivers

Increasing penetration of automation

In plant based industry, automation integrates industrial machinery to perform tasks automatically and thus, reduce production cost, part cycle time and enhance quality and reliability. The focus of Automation has transformed from IT operations to business processes, and thus, rapid funding by big venture capitalist enterprises is initiated to remain productive and competitive. In October 2019, Automation Anywhere launched AI-Powered RPA-as-a-Service Platform that offers cloud-native platform solutions, ease of use and built-in AI capabilities to support automation processes much faster and cost-efficiently.

Evolution of Cobots accelerates manufacturing operation

Cobots are becoming collaborative, and coupled with other technologies of industry 4.0, Cobots offer high-volume operations at reduced direct labor costs. In December 2019, FANUC launched the first lightweight cobot to manage global skills shortages. All the six models of FANUC’s ‘green’ CR series of collaborative robots are designed to be used as an industrial robot.

Ethernet Powerlink Market Challenges

Severe security vulnerabilities among networking technology

Security breaches are common in most of the industrial networks and rapid deployments of industrial Ethernet nodes are also accelerating the risk-sensitive data theft. The cyber threats among manufacturing plants are ever-growing due to sudden attack threats to halt manufacturing operation. In June 2020, Honda, Japanese car manufacturer suffered a ransomware attack that disrupted its entire factory operation and global operations.

Ethernet Powerlink Market Landscape

Partnerships and acquisitions along with product launches are the key strategies adopted by the players in the Ethernet POWERLINK Market. Ethernet POWERLINK top 10 companies include Beckhoff New Automation Technology, Siemens AG, Cisco Systems, Inc., Rockwell Automation, Inc., Schneider Electric, B&R Industrial Automation GmbH, Belden Incorporated, General Cable Technologies Corporation, ABB, Moxa and among others.

Ethernet Powerlink Market Developments:

In September 2017, Siemens launched a Power line Carrier (PLC) system, known as PowerLink IP for administering digital high-voltage substations. With the help of PowerLink IP, the operators of power grid can manage digitalization for Ethernet/IP communication through overhead lines and also, ensure advantages such as cost-effective communication mode for teleprotection, voice and data.

In June 2019, Belden acquired Opterna, a provider of fiber-optic products and systems to grow and enable to share-capture in broadband business.

Key Takeaways

North America dominated the Ethernet POWERLINK market in 2019 with a share of 34%, owing to paradigm shift towards high speed automation technology.

The growing adoption of POWERLINK among the leading manufacturers of vision, motion, control, pneumatic, sensor and robotics technology has fueled the demand of Ethernet Powerlink Hardware products.

The growing demand of Ethernet POWERLINK Market owing to the increasing penetration of automation.

The evolution of Cobots, designed as an industrial robot are developed to provide high-volume operations in manufacturing hub.

Related Reports :

A. Power Over Ethernet Market
https://www.industryarc.com/Research/Power-Over-Ethernet-Market-Research-504230

B. North America Ethernet Market
https://www.industryarc.com/Report/19074/north-america-ethernet-market

For more Information and Communications Technology related reports @ https://www.industryarc.com/Domain/7/information-communication-technology-market-research.html

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