Industrial Ethernet Switches Market worth $20.28 billion by 2030, growing at a CAGR of 7.21% - Exclusive Report by 360iResearch

The "Industrial Ethernet Switches Market by Type (Layer 2, Layer 3, Managed Industrial Ethernet Switches), Protocol (CC-Link IE, EtherCAT, EtherNet/IP), End-Use Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Industrial Ethernet Switches Market to grow from USD 12.45 billion in 2023 to USD 20.28 billion by 2030, at a CAGR of 7.21%.

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Industrial Ethernet switches are specialized networking devices used for industrial environments, including manufacturing plants, utility facilities, and transportation systems. These devices are designed to withstand and tolerate extreme conditions including higher temperatures, vibrations, and electromagnetic interference. Industrial Ethernet switches facilitate reliable and efficient data transfer among various industrial devices, enabling real-time monitoring, control, and automation of diverse industrial processes. The growing inclination toward adopting Industrial Internet of Things (IIoT) technologies in the industrial sector and government Industry 4.0 initiatives drive the need for robust network infrastructures. The growing demand for real-time data processing capabilities and analytics in the oil & gas sectors and the expanding need to manage the diverse components of smart grids in the energy infrastructure have fuelled the need for industrial Ethernet switches. However, the complexity of integrating the equipment with existing legacy systems and the lack of standardized protocols across different industry verticals pose hurdles. Additionally, data security and privacy concerns raise questions regarding the safety and reliability of industrial Ethernet switches. However, key players are exploring integrating advanced cybersecurity solutions within industrial Ethernet switches to overcome data security and privacy issues. Furthermore, advancing switch technology to support higher data rates, improving security measures to cater to the expanding needs of industrial networks, and exploring the use of AI and ML for predictive maintenance and network optimization are expected to provide new avenues of growth.

The U.S. and Canada are the major countries adopting industrial Ethernet switches in the Americas. The demand for industrial Ethernet switches in the Americas region is primarily driven by the need to modernize industrial facilities, incorporate smart technologies, and efficiently manage extensive data loads. The market in the region benefits from advanced technological infrastructure and a keen governmental emphasis on adopting Industry 4.0 standards. Ongoing research and development (R&D) efforts aim to increase network systems' resilience, security, and efficiency within industrial settings. In addition, the region supports the integration of advanced technologies such as AI, ML, and data analytics due to its rapid development pace. The Asia-Pacific region, led by economies such as China, Japan, and India, is experiencing rapid industrial growth. The surge in manufacturing sectors, particularly automotive, electronics, and heavy industries, is pushing the demand for industrial Ethernet switches. Innovations and investments in smart factories, Industrial IoT (IIoT), and automation technologies further fuel the adoption. In China, the Made in China 2025 initiative emphasizes high-tech industries fostering local innovation, which includes substantial investments in enhancing network infrastructures. The market in the EMEA region is influenced by the EU's stringent standards for industrial operations and a strong emphasis on digitalization and sustainability in manufacturing processes. EU's stringent data privacy and security regulations have created a standardized framework for the progress and development of highly secure industrial Ethernet switches. The Middle East is gradually shifting from its oil-dependent economy toward diversification, with smart city projects and industrial innovation playing pivotal roles.

Market Segmentation & Coverage:

This research report categorizes the Industrial Ethernet Switches Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Layer 2, Layer 3, Managed Industrial Ethernet Switches, Power over Ethernet, Ruggedized Industrial Ethernet Switches, and Unmanaged Industrial Ethernet Switches. The Managed Industrial Ethernet Switches commanded largest market share of 26.52% in 2023, followed by Layer 3.

Based on Protocol, market is studied across CC-Link IE, EtherCAT, EtherNet/IP, POWERLINK, PROFINET, and SERCOS III. The PROFINET commanded largest market share of 21.74% in 2023, followed by EtherNet/IP.

Based on End-Use Industry, market is studied across Aerospace & Defense, Automotive & Transportation, Electrical & Electronics, Energy & Power, Food & Beverages, IT & Telecom, Mining & Metals, Oil & Gas, and Pharmaceutical & Medical Devices. The IT & Telecom commanded largest market share of 43.66% in 2023, followed by Automotive & Transportation.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 39.41% in 2023, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Industrial Ethernet Switches Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Industrial Ethernet Switches Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Industrial Ethernet Switches Market, highlighting leading vendors and their innovative profiles. These include ABB Ltd., Advantech Co., Ltd., Alcatel-Lucent S.A., Amphenol Corporation, Arista Networks, Inc., Beckhoff Automation GmbH, Belden Incorporated, Broadcom Inc., Cisco Systems Inc., CommScope Holding Company, Inc., D-Link Systems, Inc., Dell Technologies Inc., Eaton Corporation PLC, Emerson Electric Co., Fiberroad Technology Co., Ltd., Fujitsu Limited, General Electric Company, HARTING Deutschland GmbH & Co. KG, Hewlett Packard Enterprise Development LP, Hitachi Ltd., Honeywell International Inc., Huawei Technologies Co., Ltd., IDEC Corporation, Intel Corporation, International Business Machines Corporation, Juniper Networks, Inc., Mitsubishi Electric Corporation, Moxa Inc., NVIDIA Corporation, Omron Corporation, Patton LLC, Perle Systems Limited, Robert Bosch GmbH, Rockwell Automation, Inc., SALZ Automation GmbH, Schneider Electric SE, Siemens AG, TE Connectivity Ltd., Weidmüller Interface GmbH & Co. KG, Westermo Network Technologies AB, and ZTE Corporation.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Industrial Ethernet Switches Market, by Type
7. Industrial Ethernet Switches Market, by Protocol
8. Industrial Ethernet Switches Market, by End-Use Industry
9. Americas Industrial Ethernet Switches Market
10. Asia-Pacific Industrial Ethernet Switches Market
11. Europe, Middle East & Africa Industrial Ethernet Switches Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Industrial Ethernet Switches Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Industrial Ethernet Switches Market?
3. What is the competitive strategic window for opportunities in the Industrial Ethernet Switches Market?
4. What are the technology trends and regulatory frameworks in the Industrial Ethernet Switches Market?
5. What is the market share of the leading vendors in the Industrial Ethernet Switches Market?
6. What modes and strategic moves are considered suitable for entering the Industrial Ethernet Switches Market?

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