Industrial Ethernetip Market
PUBLISHED: 2022 ID: SMRC21682
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Industrial Ethernetip Market

Industrial Ethernet/IP Market Forecasts to 2028 - Global Analysis By Protocol (Sercos III, Powerlink, Modbus-TCP, Deployment (On Premises, Cloud), Solution (Software, Services, hardware) and By Geography

4.3 (67 reviews)
4.3 (67 reviews)
Published: 2022 ID: SMRC21682

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $11.56 BN

Projected Year Value (2028)

US $22.94 BN

CAGR (2022 - 2028)

12.1%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific

According to Stratistics MRC, the Global Industrial Ethernet/IP Market is accounted for $11.56 billion in 2022 and is expected to reach $22.94 billion by 2028 growing at a CAGR of 12.1% during the forecast period. Industrial Ethernet is designed for industrial environments to deliver the real-time and definite communication among machine controllers, router & gateways, actuators, sensors and other processing applications. The rising adoption of Industrial IoT solutions for advanced industrial automation among various industry-verticals such as automotive and manufacturing sectors aim enhanced production processes, resulted in the growth of the Industrial Ethernet/IP Industry.

The information technology (IT) world has used Ethernet and TCP/IP for decades, and has developed many tests for the performance of network devices. These performance tests may not be applicable to industrial equipment, since they are primarily designed for testing how fast a device forwards packets from one port to another (i.e. hubs, switches, and routers). Industrial equipment users are more concerned with how fast they can turn on a relay, control a valve, or read the status of a machine. The Intelligent Systems Division (ISD) at the National Institute of Standards and Technology (NIST) is working with the Open DeviceNet Vendors Association (ODVA) to develop performance metrics and tests for EtherNet/IP (Ethernet / Industrial Protocol) devices. These metrics and tests will be designed to give the user an idea of how fast their signals will be processed by a particular device.



Market Dynamics:

Driver:

Increasing application of Industry 4.0

The growing implementation of industry 4.0 across several manufacturing and process industries is motivating the growth of the market. Industrial Ethernet technology enables industry verticals to aim for seamless data transfer through a secure network connection across the entire plant infrastructure. Therefore, it improves productivity and minimizes error as well as other downtime factors of the manufacturing units worldwide. The growing introduction of digital factories and Power supply devices due to the implementation of Industry 4.0 are the factors that are boosting the market growth.

Restraint:

Huge capital investment

The incorporation of industrial Ethernet solutions to target optimized process automation and intelligent factory applications involve large capital investment. Therefore, it is difficult for many enterprises to fund for the latest technology installation across the industrial environment to obtain an effective solution, which eventually hampers the growth of the market.

Opportunity:

Rise of 5G to create opportunities for market players

Industrial communication is a vital element of Industry 4.0. 5G helps to overcome the shortcomings of other wireless systems. With the onset of 5G technology, the manufacturing industry will experience a major transformation. Attributed to the ultra-low latency and reliability of 5G connectivity, deployment of safe, flexible, and efficient manufacturing systems is possible. 5G enables continued automation of robots and warehouse transportation and eliminates the use of cables. Industry 4.0 is the evolution of new digital industrial technology in which sensors, machines, and IT systems will be connected along the value chain beyond a single enterprise. These connected systems will interact with one another using standard internet-based protocols and will analyze data to predict failure and accordingly configure the variations in data. The fourth industrial revolution will make it possible to gather and analyze data across machines, thereby enabling faster, flexible, and more efficient processes to produce higher quality products at a reduced cost. This will boost manufacturing productivity, improve plant economics, and fuel industrial growth. This, in turn, will increase the use of digital industrial network protocols. The impact of this opportunity is expected to be high.

Threat:

Lack of Standardization

Together the industrial devices and equipment aids in transparent and reliable communication by making use of a range of interfaces, protocols, and technology. But, there is an absence of standardization that might lead to misuse and misinterpretation of data across numerous verticals. This can further lead to a rise in complications related to system integrity and end up hindering the use of the plug-and-play features for the systems that are new and unrelated. This is one of the factor threats the market growth.

The EtherCAT segment is expected to be the largest during the forecast period

The EtherCAT segment is estimated to have a lucrative growth. EtherCAT denotes to a real-time industrial Ethernet technology, which was created by Beckhoff Automation (Germany). The technology is appropriate for hard and soft real-time needs in automation technology, measurement and test, and many other uses in the fabrication, metal forming, and assembly system industries. These industries need high data integrity, the safe transmission of data, and synchronicity.

The Automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is anticipated to witness the fastest CAGR growth during the forecast period, owing to the growing necessity for advanced automation in automobile manufacturing units across the globe. Similarly, water level monitoring sensors, controllers, and AC drives are vital parts of water treatment systems, and an industrial Ethernet network is deployed to streamline communication among these systems. The automotive industry keeps on transforming at a rapid pace with the acceptance of automation and connectivity.

Region with highest share:

North America is projected to hold the largest market share during the forecast period. The growth is attributed to the fast growth of industrial automation in the province. The regional market is further propelled by the emergence of Industry 4.0., favorable government initiatives and regulations boosting the adoption and industrial automation in the manufacturing and automotive industries would have an optimistic impact on the business. Furthermore, extensive research and development across sectors such as automobiles, aerospace, and data centers in which industrial Ethernet solutions drive potential outcomes is influencing the market growth in these provinces.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the huge demand for consumer electronics and automobiles from countries such as China, India, Japan, and South Korea. The APAC region is anticipated to emerge as the largest manufacturing hub for the companies functioning and providing automobile and electronic services. The manufacturing companies that are a part of the APAC region are on the way to large-scale adoption of the smart factory concept and help in the implementation of advanced manufacturing technologies, especially in the factories. This is an innovative concept that is expected to bring major transformations to the manufacturing sector belonging to the APAC region and related countries.



Key players in the market

Some of the key players profiled in the Industrial Ethernet/IP Market include Yaskawa Electric, Siemens AG, Schneider Electric Se, Rockwell Automation, Parker Hannifin, Moxa Inc. Innovasic Inc., Honeywell International, Cisco Systems, Inc., Bosch Rexroth, Belden Inc. (Hirschmann), Beckhoff Automation, B&R Automation, ABB Ltd.

Key Developments:

In Mar-2021: Rockwell Automation launched its latest, all-gigabit Allen-Bradley Stratix 5800 managed industrial Ethernet switch. This switch is developed to assist companies to make their production facilities for more demanding, data-intensive networking. The switch consists of layer 2 access switching and layer 3 routing for its usage in various layers of the architecture.

In May-2021: ABB launched the latest edition of their electromagnetic flowmeter ProcessMaster* and mass flowmeter CoriolisMaster. It paves a new way in instrumentation and industrial communication and brings better agility as flowmeters can be installed wherever required.

In Jan-2021: Belden signed an agreement to acquire OTN Systems, a leading provider of automation networking infrastructure solutions. This acquisition will support Belden’s main strategic priorities regarding the rising demand for industrial automation by including proprietary technology and mission-critical hardware & software products for more comprehensive end-to-end solutions.

Protocols Covered:
• Sercos III
• Powerlink
• Modbus-TCP
• Ethernet/IP
• EtherCAT
• CC-Link IE
• PROFINET

Deployments Covered:
• On Premises
• Cloud

Organization Sizes Covered:
• Large Enterprise
• Medium Enterprise
• Small Enterprise

Solutions Covered:
• Software
• Services
• Hardware

End Users Covered:
• Water and Wastewater
• Utilities
• Retail and E-Commerce
• Power and Energy
• Pharmaceutical
• Oil and Gas
• Mining Industry
• Logistics and Transportation
• Healthcare
• Government and Public Sector
• Food and Beverages
• Engineering/Fabrication Industry
• Energy & Power Industry
• Electrical and Electronics
• Education
• Chemicals & Fertilizers Industry
• Automotive
• Agriculture
• Aerospace and Defense

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Industrial Ethernet/IP Market, By Protocol
5.1 Introduction
5.2 Sercos III
5.3 Powerlink
5.4 Modbus-TCP
5.5 Ethernet/IP
5.6 EtherCAT
5.7 CC-Link IE
5.8 PROFINET
5.8.1 Profinet Rt (Real-Time Solution)
5.8.2 Profinet Irt (Isochronous Real Time)

6 Global Industrial Ethernet/IP Market, By Deployment
6.1 Introduction
6.2 On Premises
6.3 Cloud

7 Global Industrial Ethernet/IP Market, By Organizatin Size
7.1 Introduction
7.2 Large Enterprise
7.3 Medium Enterprise
7.4 Small Enterprise

8 Global Industrial Ethernet/IP Market, By Solution
8.1 Introduction
8.2 Software
8.3 Services
8.4 Hardware
8.4.1 Communication Interfaces
8.4.2 Connectors
8.4.3 Controllers and Processors
8.4.4 Hubs, Router and Gateways
8.4.5 Isolators and Convertors
8.4.6 Memory
8.4.7 Power Supply Devices
8.4.8 Switches

9 Global Industrial Ethernet/IP Market, By End User
9.1 Introduction
9.2 Water and Wastewater
9.3 Utilities
9.4 Retail and E-Commerce
9.5 Power and Energy
9.6 Pharmaceutical
9.7 Oil and Gas
9.8 Mining Industry
9.9 Logistics and Transportation
9.10 Healthcare
9.11 Government and Public Sector
9.12 Food and Beverages
9.13 Engineering/Fabrication Industry
9.14 Energy & Power Industry
9.15 Electrical and Electronics
9.16 Education
9.17 Chemicals & Fertilizers Industry
9.18 Automotive
9.19 Agriculture
9.20 Aerospace and Defense

10 Global Industrial Ethernet/IP Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa

11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 Company Profiling
12.1 Yaskawa Electric
12.2 Siemens AG
12.3 Schneider Electric Se
12.4 Rockwell Automation
12.5 Parker Hannifin
12.6 Moxa Inc.
12.7 Innovasic Inc.
12.8 Honeywell International
12.9 Cisco Systems, Inc.
12.10 Bosch Rexroth
12.11 Belden Inc. (Hirschmann)
12.12 Beckhoff Automation
12.13 B&R Automation
12.14 ABB Ltd.

List of Tables
1 Global Industrial Ethernet/IP Market Outlook, By Region (2020-2028) (US $MN)
2 Global Industrial Ethernet/IP Market Outlook, By Protocol (2020-2028) (US $MN)
3 Global Industrial Ethernet/IP Market Outlook, By Sercos III (2020-2028) (US $MN)
4 Global Industrial Ethernet/IP Market Outlook, By Powerlink (2020-2028) (US $MN)
5 Global Industrial Ethernet/IP Market Outlook, By Modbus-TCP (2020-2028) (US $MN)
6 Global Industrial Ethernet/IP Market Outlook, By Ethernet/IP (2020-2028) (US $MN)
7 Global Industrial Ethernet/IP Market Outlook, By EtherCAT (2020-2028) (US $MN)
8 Global Industrial Ethernet/IP Market Outlook, By CC-Link IE (2020-2028) (US $MN)
9 Global Industrial Ethernet/IP Market Outlook, By PROFINET (2020-2028) (US $MN)
10 Global Industrial Ethernet/IP Market Outlook, By Profinet Rt (Real-Time Solution) (2020-2028) (US $MN)
11 Global Industrial Ethernet/IP Market Outlook, By Profinet Irt (Isochronous Real Time) (2020-2028) (US $MN)
12 Global Industrial Ethernet/IP Market Outlook, By Deployment (2020-2028) (US $MN)
13 Global Industrial Ethernet/IP Market Outlook, By On Premises (2020-2028) (US $MN)
14 Global Industrial Ethernet/IP Market Outlook, By Cloud (2020-2028) (US $MN)
15 Global Industrial Ethernet/IP Market Outlook, By Organizatin Size (2020-2028) (US $MN)
16 Global Industrial Ethernet/IP Market Outlook, By Large Enterprise (2020-2028) (US $MN)
17 Global Industrial Ethernet/IP Market Outlook, By Medium Enterprise (2020-2028) (US $MN)
18 Global Industrial Ethernet/IP Market Outlook, By Small Enterprise (2020-2028) (US $MN)
19 Global Industrial Ethernet/IP Market Outlook, By Solution (2020-2028) (US $MN)
20 Global Industrial Ethernet/IP Market Outlook, By Software (2020-2028) (US $MN)
21 Global Industrial Ethernet/IP Market Outlook, By Services (2020-2028) (US $MN)
22 Global Industrial Ethernet/IP Market Outlook, By Hardware (2020-2028) (US $MN)
23 Global Industrial Ethernet/IP Market Outlook, By Communication Interfaces (2020-2028) (US $MN)
24 Global Industrial Ethernet/IP Market Outlook, By Connectors (2020-2028) (US $MN)
25 Global Industrial Ethernet/IP Market Outlook, By Controllers and Processors (2020-2028) (US $MN)
26 Global Industrial Ethernet/IP Market Outlook, By Hubs, Router and Gateways (2020-2028) (US $MN)
27 Global Industrial Ethernet/IP Market Outlook, By Isolators and Convertors (2020-2028) (US $MN)
28 Global Industrial Ethernet/IP Market Outlook, By Memory (2020-2028) (US $MN)
29 Global Industrial Ethernet/IP Market Outlook, By Power Supply Devices (2020-2028) (US $MN)
30 Global Industrial Ethernet/IP Market Outlook, By Switches (2020-2028) (US $MN)
31 Global Industrial Ethernet/IP Market Outlook, By End User (2020-2028) (US $MN)
32 Global Industrial Ethernet/IP Market Outlook, By Water and Wastewater (2020-2028) (US $MN)
33 Global Industrial Ethernet/IP Market Outlook, By Utilities (2020-2028) (US $MN)
34 Global Industrial Ethernet/IP Market Outlook, By Retail and E-Commerce (2020-2028) (US $MN)
35 Global Industrial Ethernet/IP Market Outlook, By Power and Energy (2020-2028) (US $MN)
36 Global Industrial Ethernet/IP Market Outlook, By Pharmaceutical (2020-2028) (US $MN)
37 Global Industrial Ethernet/IP Market Outlook, By Oil and Gas (2020-2028) (US $MN)
38 Global Industrial Ethernet/IP Market Outlook, By Mining Industry (2020-2028) (US $MN)
39 Global Industrial Ethernet/IP Market Outlook, By Logistics and Transportation (2020-2028) (US $MN)
40 Global Industrial Ethernet/IP Market Outlook, By Healthcare (2020-2028) (US $MN)
41 Global Industrial Ethernet/IP Market Outlook, By Government and Public Sector (2020-2028) (US $MN)
42 Global Industrial Ethernet/IP Market Outlook, By Food and Beverages (2020-2028) (US $MN)
43 Global Industrial Ethernet/IP Market Outlook, By Engineering/Fabrication Industry (2020-2028) (US $MN)
44 Global Industrial Ethernet/IP Market Outlook, By Energy & Power Industry (2020-2028) (US $MN)
45 Global Industrial Ethernet/IP Market Outlook, By Electrical and Electronics (2020-2028) (US $MN)
46 Global Industrial Ethernet/IP Market Outlook, By Education (2020-2028) (US $MN)
47 Global Industrial Ethernet/IP Market Outlook, By Chemicals & Fertilizers Industry (2020-2028) (US $MN)
48 Global Industrial Ethernet/IP Market Outlook, By Automotive (2020-2028) (US $MN)
49 Global Industrial Ethernet/IP Market Outlook, By Agriculture (2020-2028) (US $MN)
50 Global Industrial Ethernet/IP Market Outlook, By Aerospace and Defense (2020-2028) (US $MN)

Note- Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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