Press release
Industrial Ethernet Switch Market Competitive Landscape, Assumptions, Objectives, Analysis to 2032
Industrial Ethernet Switch Market
Industrial Ethernet Switch Market Size was valued at USD 3.1 billion in 2021. The industrial ethernet switch market industry is projected to grow from USD 3.32 Billion in 2022 to USD 5.36 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.10% during the forecast period (2022 - 2030). The key market drivers for the growth of the market include factors like the rise in the usage of industrial ethernet switch due to their advantages as well as the growing requirement to ensure the effectiveness of communication infrastructure in the automotive and transport environments.
In the digital era of Industry 4.0, industrial automation and the Internet of Things (IoT) have transformed manufacturing processes, driving the demand for robust and reliable networking solutions. Industrial Ethernet switches have emerged as essential components in industrial networks, facilitating seamless communication, data exchange, and control within industrial environments.
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Key Players:
• CISCO SYSTEMS INC. (U.S.)
• JUNIPER NETWORKS INC. (U.S.)
• ALCATEL-LUCENT (FRANCE)
• HEWLETT PACKARD ENTERPRISE (U.S.)
• POLYCOM (U.S.)
• AVAYA INC. (U.S.)
• MICROSOFT CORPORATION (U.S.)
• CHECK POINT SOFTWARE TECHNOLOGIES LTD. (ISRAEL)
• IBM CORPORATION (U.S.)
• BROCADE COMMUNICATIONS SYSTEMS INC. (U.S.)
• SIEMENS AG (GERMANY)
• HUAWEI TECHNOLOGIES CO. LTD (CHINA)
• ZTE CORPORATION (CHINA)
• MOXA (TAIWAN)
• OMRON (JAPAN)
• ROCKWELL AUTOMATION (US),
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Industrial Ethernet Switch Market Regional Analysis:
The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world, by region. The market for industrial ethernet switches in Asia Pacific, which had sales of USD 1.33 billion in 2021, is anticipated to rise at a substantial CAGR. It is attributed to the employment of industrial ethernet switches in a number of industries, including integration of SCADA and control over programmable logic controllers (PLCs). Due to increased demand and usage of fibre optics in the telecommunications sector, this market is growing in this region.
Industrial Ethernet Switch Market Segmentation:
Managed and Unmanaged are the two market segments for industrial ethernet switches based on type. In 2021, the managed category owned the majority of the market.
Smart Grid and Security & Surveillance are two application-based segments of the industrial ethernet switch market. In 2021, the market was led by the smart grid segment.
According to organisation size, SME and Large Enterprises are included in the market data for industrial ethernet switches. In 2021, the large enterprise category controlled the majority of the market.
Aerospace and defence and oil and gas are two end-user segments included in the industrial ethernet switch market data. In 2021, the aerospace and defence sector held the lion's share.
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Industrial Ethernet switches serve as the backbone of industrial networks, providing connectivity between various devices, equipment, and control systems on the factory floor. Unlike traditional Ethernet switches designed for office environments, industrial Ethernet switches are ruggedized to withstand harsh conditions such as temperature extremes, vibration, and electromagnetic interference. They offer features such as high reliability, deterministic performance, and support for industrial protocols, making them ideal for mission-critical applications in sectors such as manufacturing, oil and gas, transportation, and utilities.
Industrial Ethernet switches play a crucial role in enabling reliable, secure, and efficient communication within industrial networks, supporting the digital transformation of industries worldwide. As industries continue to adopt advanced automation and connectivity solutions, the demand for industrial Ethernet switches is expected to grow, driving innovation, investment, and market expansion in the years to come.
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