IMARC Group, a leading market research company, has recently releases report titled “Industrial Ethernet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global industrial ethernet market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the Industrial Ethernet Market?
The global industrial ethernet market size reached US$ 10.70 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.34 Billion by 2028, exhibiting a growth rate (CAGR) of 7.20% during 2023-2028.
What is Industrial Ethernet?
Industrial ethernet is a specialized form of Ethernet technology tailored for industrial applications and environments. These robust systems offer the advantage of fast data transfer and real-time control, making them indispensable in manufacturing processes, automation, and data acquisition. Characteristically, Industrial Ethernet comes in several protocols to suit different industrial requirements and operational needs.
From PROFINET and EtherCAT to Modbus-TCP and Ethernet/IP, the options are diverse. Some versions also feature advanced capabilities like real-time communication, safety functions, or redundancy for enhanced performance. A defining feature of Industrial Ethernet is its durability; the systems are designed for harsh conditions, enabling reliable data transfer, efficient diagnostics, and effective system integration. Furthermore, the development of specialized types, such as those capable of functioning in extreme temperatures or corrosive environments, has expanded their applicability to a wider range of industries.
What are the growth prospects and trends in the industrial ethernet market industry?
The increasing adoption of Industry 4.0 and smart manufacturing represents one of the key factors driving the market growth of Industrial Ethernet. In addition to this, innovations in network topology and data analytics, coupled with advancements in cybersecurity, are propelling market growth. Besides this, the shift in business focus toward higher-quality, interconnected systems is contributing positively to the market. Apart from this, modern industrial operations, which increasingly depend on seamless and robust communication technologies, are facilitating the market growth of Industrial Ethernet.
Coupled with this, the rising emphasis on data-driven decision-making, partially fueled by developments in the Internet of Things (IoT), is encouraging enterprises to adopt different types of Industrial Ethernet to optimize their operations. Other factors such as increased operational efficiency, a variety of applications beyond manufacturing like in energy sectors and transportation, and the advent of specialty vendors focusing on industrial communication solutions, are collectively driving the growth of the Industrial Ethernet market globally.
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Competitive Landscape With Key Players:
The competitive landscape of the global industrial ethernet market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- ABB Ltd.,
- Advantech Co. Ltd.
- Beckhoff Automation
- Belden Inc., Cisco Systems Inc.
- Honeywell International Inc.
- Moxa Inc.
- OMRON Corporation
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Weidmüller GmbH & Co KG
What is included in market segmentation?
The report has segmented the market into the following categories:
Offering Insights:
- Hardware
- Software
- Services
Protocol Insights:
- EtherNet/IP
- EtherCAT
- PROFINET
- POWERLINK
- SERCOS III
- Others
End User Insights:
- Automotive and Transportation
- Electrical and Electronics
- Pharmaceutical and Medical Devices
- Aerospace and Defense
- Energy and Power
- Oil and Gas
- Food and Beverages
- Others
Breakup by Region:
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise
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