Global Industrial Ethernet Market Size, Trends and Growth opportunity, By Component (Hardware {Switches [Up to 1 Gbps, 1 – 2.5 Gbps, 2.5 – 10 Gbps, Above 10 Gbps], Hubs, Router & Gateways, Connectors, Communication Interface, Controller & Processors}, Software, Service [Integration & Testing Service, Maintenance Service]), By Protocol (Ethernet TCP/IP, Gigabit, PROFINET, Ethernet/IP, Modbus TCP/IP, Powerlink, EtherCAT, Sercos III, HSE), By Application (Automotive & Transport, Aerospace & Defense, Electrical & Electronics, Oil & Gas, Energy & Power, Chemical), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Industrial Ethernet Market
Global Industrial Ethernet Market was valued at USD 10.5 billion in 2021 and is expected to reach USD 14.8 billion by 2027, at a CAGR 4.91% from 2022-2027.
Industrial Ethernet (IE) is the use of Ethernet in an industrial environment with protocols which provides determinism and real-time control. IE is better suited to handle factory process needs, factory noise, harsher environments, and can respond better to data collisions at the plant floor. Cables and connectors can also differ in industrial Ethernet technology.
Market Drivers
The increase of advanced technologies and positive outlook from industrial companies acts as the chief drivers of the industrial ethernet industry. The power networks face multiple challenges related with reliability, sustainability, and security because of the cumulative demand for electricity that requires them to provide connection to remote renewable energy sources, develop more resilient & reliable networks under uncertainties, and optimize utilization of the resources. This has encouraged organizations to deploy flexible and economic industrial ethernet methods, thereby boosting the industrial ethernet market growth.
Market Restraints
The industrial devices and equipment help in transparent and reliable communication by making use of a variety of interfaces, protocols, and technology. Somehow, there is an absence of standardization which might lead to misuse and misinterpretation of data across many verticals during the forecast period.
Market Segmentation
The Global Industrial Ethernet Market is segmented into offerings like hardware, software, alongside the market services.
Based on protocols like CC-Link IE, POWERLINK, EtherCAT, IP/Ethernet, and others like SERCOS III, and PROFINET.
Regional Analysis
The Global Industrial Ethernet Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia Pacific industrial ethernet market is expected to witness rapid growth rate through the forecast period. The region shall emerge as a prominent revenue hub for this industry owing to rapid industrialization in emerging countries such as India, Japan, and China due to the rising need for automation solutions in the APAC region.
Key Players
Various key players are discussed into the Global Industrial Ethernet
Global Industrial Ethernet Market Toc
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Industrial Ethernet Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Industrial Ethernet Market, By Component
5.1 Y-o-Y Growth Comparison, By Component
5.2 Global Industrial Ethernet Market Share Analysis, By Component
5.3 Global Industrial Ethernet Market Size and Forecast, By Component
5.3.1 Hardware
5.3.2 Switches [Up to 1 Gbps, 1 – 2.5 Gbps, 2.5 – 10 Gbps, Above 10 Gbps]
5.3.3 Hubs
5.3.4 Router & Gateways
5.3.5 Connectors
5.3.6 Communication Interface
5.3.7 Controller & Processors
5.3.8 Software
5.3.9 Service
5.3.10 Integration & Testing Service
5.3.11 Maintenance Service
6 Global Industrial Ethernet Market, By Type
6.1 Y-o-Y Growth Comparison, By Type
6.2 Global Industrial Ethernet Market Share Analysis, By Type
6.3 Global Industrial Ethernet Market Size and Forecast, By Type
6.3.1 Modular switches
6.3.2 Fixed configuration switches
7 Global Industrial Ethernet Market, By Protocol
7.1 Y-o-Y Growth Comparison, By Protocol
7.2 Global Industrial Ethernet Market Share Analysis, By Protocol
7.3 Global Industrial Ethernet Market Size and Forecast, By Protocol
7.3.1 Ethernet TCP/IP
7.3.2 Gigabit
7.3.3 PROFINET
7.3.4 Ethernet/IP
7.3.5 Modbus TCP/IP
7.3.6 Powerlink
7.3.7 EtherCAT
7.3.8 Sercos III
7.3.9 HSE
8 Global Industrial Ethernet Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Global Industrial Ethernet Market Share Analysis, By Application
8.3 Global Industrial Ethernet Market Size and Forecast, By Application
8.3.1 Automotive & Transport
8.3.2 Aerospace & Defense
8.3.3 Electrical & Electronics
8.3.4 Oil & Gas
8.3.5 Energy & Power
8.3.6 Chemical
8.3.7 Others
9 Global Industrial Ethernet Market, By Region
9.1 Global Industrial Ethernet Market Share Analysis, By Region
9.2 Global Industrial Ethernet Market Share Analysis, By Region
9.3 Global Industrial Ethernet Market Size and Forecast, By Region
10 North America Industrial Ethernet Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Industrial Ethernet Market Share Analysis, By Component
10.3 North America Industrial Ethernet Market Size and Forecast, By Type
10.4 North America Industrial Ethernet Market Size and Forecast, By Protocol
10.5 North America Industrial Ethernet Market Size and Forecast, By Application
10.6 North America Industrial Ethernet Market Size and Forecast, By Country
10.6.1 U.S.
10.6.2 Canada
10.6.3 Mexico
11 Europe Industrial Ethernet Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Industrial Ethernet Market Share Analysis, By Component
11.3 Europe Industrial Ethernet Market Size and Forecast, By Type
11.4 Europe Industrial Ethernet Market Size and Forecast, By Protocol
11.5 Europe Industrial Ethernet Market Size and Forecast, By Application
11.5 Europe Industrial Ethernet Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Industrial Ethernet Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Industrial Ethernet Market Share Analysis, By Component
12.3 Asia Pacific Industrial Ethernet Market Size and Forecast, By Type
12.4 Asia Pacific Industrial
