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.
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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:
• SERCOS III
• 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
• POWERLINK
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 UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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