Industrial Ethernet Market : Key Players – ABB Ltd., Physik Instrumente (PI) GmbH & Co. KG, ACS Motion Control, Ltd., Barta-Schoenewald, Inc., BECKHOFF Automation, Belden, Inc., Robert Bosch GmbH (Bosch Rexroth AG), Cisco Systems

What factors will drive the growth of industrial ethernet industry through 2026?

The market for industrial ethernet will witness considerable expansion with the rising adoption of efficient processing and network infrastructure across diverse applications. There is a surging need for proper management of devices and industrial equipment. The developments in digitization and industrial modernization across the Asia Pacific region have also resulted in higher adoption of sensor devices.

The consistent requirement for security managed diverse protocols that are deployed across industrial infrastructure will add a positive impetus to the demand for industrial ethernet services. These systems facilitate communication across the enterprises by linking over WAN through mobile wireless or DSL connections. They also offer scalable communication performance when deployed with switching technology. Apart from these factors, the industrial ethernet solutions provide high speed and optimum connection distance as well as the ability to combine multiple nodes.

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Recent study by Global Market Insights, Inc. reveals that the global industrial ethernet market size is anticipated to exceed USD 100 billion by 2026.

How is the industrial ethernet industry influenced by software and Modbus TCP/IP protocols?

The revenue share of industrial ethernet software is expected to expand at a 20% CAGR in the next few years. This can be attributed to their increasing deployment to enable network management by monitoring the industrial ethernet networks with the help of a varying number of nodes. These solutions allow multiple devices to be simultaneously configured. The industrial ethernet diagnostic software solutions also offer efficient topology recognition and work with different devices, like routers, WLAN devices, switches/hubs, among other end devices.

The industrial ethernet market value from Modbus TCP/IP protocols could rise at an 18% CAGR through 2026. Modbus TCP/IP can be touted as a Modbus standard that runs over the TCP interface on the Ethernet. It is mainly an application protocol that assigns the passing and managing data between the varied layers without being affected by other protocol that is employed by an immediate layer. This standard makes use of the Internet as well as the Transmission Control Protocol to transmit data with the help of Modbus between compatible devices across varied systems.

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Why will the industrial ethernet market gain traction across electrical and electronics applications?

The application of industrial ethernet solutions and services across the electrical and electronics sector is projected to register a substantial revenue share through 2026. This is owing to the rising incursion of these offerings with various electronic products, such as routers, firewalls, gateways, hubs, and switches. These devices allow the interconnection of diverse network components in industrial settings across several sectors. Furthermore, numerous power supply units are also particularly configured for industrial ethernet uses to prevent failures caused by voltage overloads, short circuits, as well as temperature overloads.

These factors have paved the way for numerous innovations in the electrical and electronics applications by some leading solution providers. To quote an instance, in February 2020, Advantech unveiled the latest series of its 10G industrial Ethernet switches for heavy data transmission purposes.

What factors will drive the industrial ethernet demand across Europe?

Europe is estimated to record over 25% of the industrial ethernet market share by 2026 due to the widespread presence of leading companies, like ABB Ltd., Robert Bosch GmbH, and Siemens AG. These firms are consistently coming up with innovative platform solutions to provide industrial ethernet connectivity across the region.

Citing an instance, Westermo Network Technologies, in August 2020, introduced an advanced industrial ethernet platform, functioning with the WeOS operating system to offer customers an advanced platform for IIoT as well as big data applications.

What are the strategies employed by industrial ethernet companies to increase their portfolio?

Solution providers in the industrial ethernet market are working towards developing advanced components and solutions to manage a large number of Ethernet protocols and applications with a centralized view. These vendors are also focused on technological progressions for their industrial offerings. For instance, HARTING Technology Group, in August 2020, introduced the T1 Industrial connector that supports the industrial single-pair Ethernet. This novelty also offers diverse industrial ethernet protocols like EtherCat & Profinet.
ABB Ltd., Schneider Electric SE, Rockwell Automation, Incand, Robert Bosch GmbH, and Cisco Systems, are some of the major industry participants in the business.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

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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