Industrial Ethernet Market

Industrial Ethernet - Global Market Outlook (2020-2028)

4.6 (86 reviews)
Published: April 2021 ID: SMRC20459
4.6 (86 reviews)
Published: April 2021 ID: SMRC20459

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

According to Stratistics MRC, the Global Industrial Ethernet Market is accounted for $9.41 billion in 2020 and is expected to reach $19.17 billion by 2028 growing at a CAGR of 9.3% during the forecast period. Growing adoption of industrial Internet of Things (IIoT) in the manufacturing and process industries, increasing initiatives by governments of developing countries to promote the adoption of industrial automation, and the growing popularity of smart automobiles are driving the market growth. However, substantial capital investments and absence of standardization in industrial communication protocols and interfaces are hampering the growth of the market.

Ethernet is the computer networking technology commonly used for local area networks (LAN). Industrial Ethernet is the use of traditional Ethernet standards in an industrial environment for real-time monitoring and process control. Ethernet Industrial Protocol at its core is a network communication standard that brings about handling large volumes of data at speeds ranging between 10 Mbps and 100 Mbps, with a maximum limit of 1500 bytes per packet.

Based on the end user, the oil & gas segment is going to have lucrative growth during the forecast period due to rising industrial automation across the oil & gas sector and managing complex production and extraction processes that include offshore oil drilling, pump station, onshore production, pipeline transportation, and oil refining by industrial ethernet technology power networks. By geography, Asia Pacific is going to have high growth during the forecast period owing to the growing acceptance of Industrial Revolution 4.0, manufacturing companies adopting the smart factory concept for implementing advanced manufacturing technologies on the factory floor and increased investment in research and development by Asian countries.

Some of the key players profiled in the Industrial Ethernet Market include Yokogawa Electric, Weidmüller, Siemens, ACS Motion Control Ltd., Analog Devices, Inc, Rockwell Automation, Schneider Electric, OMRON Corporation, Moxa, Ifm electronic, Huawei, Beckhoff, GE Grid Solutions, Cisco Systems, Belden Inc., HMS Networks, General Electric, Advantech Co., Ltd., Sick AG and ABB.

Types Covered:
• Search Ads
• Mobile Ads
• Digital Video Ads
• Classified Ads
• Banner Ads

Offerings Covered:
• Hardware
• Software
• Services   

Protocols Covered:
• PROFINET (Process Field Network)
• Ethernet/IP (Internet Protocol)
• Modbus/TCP (Transmission Control Protocol)
• HSE (High Speed Ethernet)
• Gigabit Wi-Fi
• EtherCAT (Ethernet for Control Automation Technology)
• CC-Link IE

End Users Covered:
• Aerospace & Defense
• Automotive & Transportation
• Chemical & Fertilizer
• Consumer Goods
• Electrical & Electronics
• Energy & Power
• Engineering/Fabrication
• Entertainment
• Financial Services
• Food & Beverages
• Manufacturing
• Mining & Metals
• Oil & Gas
• Pharmaceutical & Medical Devices
• Retail
• Telecom
• Water & Wastewater
• Other End Users

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 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 2019, 2020, 2021, 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

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