Global Industrial Ethernet Market Size By Protocol (POWERLINK, MODBUS-TCP), By Application (Fabrication, Automotive), By Geographic Scope And Forecast
Global Industrial Ethernet Market Size By Protocol (POWERLINK, MODBUS-TCP), By Application (Fabrication, Automotive), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Industrial Ethernet Market size was valued at USD 28 Billion in 2022 and is projected to reach USD 53 Billion by 2030, growing at a CAGR of 15 % from 2023 to 2030.
Industrial Ethernet has several advantages over other types of artificial networks, including increased data speed of over to 2 Gbit/ s with Gigabit Ethernet, the capability to use standard networking tackle for wired and wireless communication, bettered interoperability, and the option to use optic fiber for increased distance, among other benefits. The Global Industrial Ethernet Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Industrial Ethernet Market Definition
Ethernet is an Original Area Network technology that connects network bias via Ethernet switches and routers. Industrial Ethernet is a farther development of Ethernet and is a bit more complicated. This technology applies Ethernet capacities to robotization and control systems used in artificial manufacturing. It has lately surpassed traditional Fieldbus infrastructures to come the foremost connection protocol in manufactories around the world. Industrial Ethernet is also relatable to the use of standard Ethernet protocols with rugged connectors as well as extended temperature switches in an artificial terrain, for robotization or process control.
In factory process areas, the gear we use has to be tough! It's got to handle extreme temperatures, moisture, and vibrations – way beyond what your average office computer can take. Using fiber-optic Ethernet helps cut down on electrical noise and keeps things electrically isolated. Now, some specialized networks really focus on getting data delivered at a precise time. Ethernet, on the other hand, used to rely on "collision detection," which could make it tricky to know exactly when your data would arrive, especially when the network was busy. But nowadays, most factory Ethernet setups use full-duplex connections and other tricks to avoid collisions, so transmission times stay nice and predictable.
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Global Industrial Ethernet Market Overview
Governments in developing countries are getting more involved in helping businesses grow, moving away from total reliance on AI and robots. Around the world, they're backing different industries to create well-rounded progress. This means more and more businesses are using things like automation and the latest tech to build themselves up. Governments are really focusing on how things work and on helping individual industries. For example, the Singapore government is working with groups like the Singapore Food Manufacturing Association and the Food Innovation Resource Centre to bring in cutting-edge automation – think SCADA, PLC, DCS, robots, and advanced production lines – to the food and beverage industry. And India? It's a rising star with a manufacturing sector that's booming.
The expression of the National Manufacturing Policy by the central government has increased the development of its manufacturing sector. The government has also launched the Make in India policy to encourage companies to apply robotization processes in their manufacturing shops. Therefore, the measures taken by the governments to support the relinquishment of artificial control and plant robotization are anticipated to fuel the growth of the request during the cast period. Absence of standardization in artificial communication protocols and interfaces artificial outfit or bias communicate through colorful interfaces, technologies, and protocols.
The absence of standardization in these communication interfaces and protocols might affect in the misrepresentation of data. It also can complicate the integration of systems and hamper the use of draw- and- play features for unconnected systems. This is one of the major conditions for the artificial ethernet request in coming times. Harsh field point conditions-high- voltage transients, severe shocks and climate, and extremely high temperatures. Industrial Ethernet bias are stationed in remote field locales which are prone to the goods of inimical and harsh conditions.
Global Industrial Ethernet Market Segmentation Analysis
The Global Industrial Ethernet Market is segmented based on Technology, Application, and Geography.
Industrial Ethernet Market, By Protocol
POWERLINK
MODBUS-TCP
Based on Protocol, the market is segmented into POWERLINK, MODBUS-TCP, etc. The MODBUS-TCP segment held the largest market share due to rising increase in usage of cloud-based administrator.
Industrial Ethernet Market, By Application
Fabrication
Automotive
Based on Application, the market is segmented into Fabrication, Automotive, etc. Fabrication is seemingly increasing its usage of Industrial Ethernet for different applications.
Industrial Ethernet Market By Geography
North America
Europe
The Asia Pacific
Rest of the world
Based on regional analysis, the Global Industrial Ethernet Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Out of all the regions Asia Pacific dominates the global Industrial Ethernet market due to the market competition in the region.
Key Players
The global Industrial Ethernet market is fragmented with several key players such as Rockwell Automation, Huawei Technologies Co. Ltd., Cisco Systems Inc., ABB Ltd., ACS Motion Control, IFM Electronics GmbH, Eaton Corporation, General Electric, Analog Devices, and others.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
In April 2020Westermo Network Technologies, a Sweden- grounded developer, and manufacturer of artificial data dispatches products, launched a coming- generation artificial ethernet switch platform. This recently developed and advanced ethernet switch platform is suited for handling big data and artificial internet of effects operations. The platform uses rearmost generation WeOS operating system that powers the new switch platform by maximizing the capability of the new tackle. It combines tackle, software, and network design support to give bettered capabilities, lower the total cost of power, and produce reliable networks across a broader range of sectors.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Industrial Ethernet Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behaviour of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in the global Industrial Ethernet Market, gauge the attractiveness of a certain sector, and assess investment possibilities
Report Scope
REPORT ATTRIBUTES
DETAILS
Study Period
2019-2030
Base Year
2022
Forecast Period
2023-2030
Historical Period
2019-2021
Unit
Value (USD Billion)
Key Companies Profiled
Rockwell Automation, Huawei Technologies Co. Ltd., Cisco Systems Inc., ABB Ltd., ACS Motion Control, IFM Electronics GmbH, Eaton Corporation, General Electric, Analog Devices.
Segments Covered
By Technology
By Application
By Geography
Customization Scope
Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope
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Reasons to Purchase this Report
We'll dive deep into the market, looking at both the hard numbers and the softer, less obvious influences, breaking it all down by segment. You'll get clear market value data (in USD Billion) for every piece of the puzzle. We'll point out which regions and segments are set to explode and which ones are already leading the pack. Plus, we'll analyze each region, showing you where the product/service is being used most and what's driving the market there. Get the scoop on the competition, including market rankings of the big players, their latest moves (new products, partnerships, expansions, and acquisitions over the last five years), and detailed SWOT analyses. You'll also find comprehensive company profiles that cover everything from their history and insights to product comparisons. We'll give you a current and future market outlook, highlighting growth opportunities, drivers, challenges, and restraints in both emerging and developed areas. We'll even use Porter's five forces analysis to give you a multi-faceted view. We'll also provide a Value Chain breakdown and explore market dynamics and growth potential in the years ahead. And to top it off, you'll receive 6 months of post-sales support from our team of analysts.
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