At +16% CAGR to 2022, Industrial Ethernet Market Dominated by Asia-Pacific
Global industrial Ethernet market is expected to be valued at USD 59.20 billion by 2022, growing at a CAGR of 16.8% between 2016 and 2022 dominated by EtherNet/IP protocol while Asia-Pacific is expected to grow at the highest rate during the forecast period.
Pune, India – November 30, 2016 /MarketersMedia/ —
The growth of the worldwide industrial Ethernet market can be attributed to the growing adoption of IIoT, high adoption of advanced industrial Ethernet protocols in smart factories, increasing machine-to-machine communication, and interoperability of industrial automation and control devices. Industrial Ethernet technology is expected to grow because of the increased requirements of sharing information database, energy efficiency, safety, and downtime reduction.
EtherNet/IP protocol holds a major share of the industrial Ethernet market and has a strong base in developing countries such as India and China with its ability to integrate into wireless devices across multiple networks. It helps in improving the overall plant performance, environmental safety, and efficiency.
Complete report on global industrial Ethernet market spread across 161 pages, profiling 10 companies and supported with 43 tables and 80 figures is now available at http://www.reportsnreports.com/reports/771690-industrial-ethernet-market-by-offering-hardware-software-and-services-protocol-ethernet-ip-profinet-modbus-tcp-powerlink-cc-link-ie-ethercat-and-sercos-iii-end-user-industry-and-geography-global-for-st-to-2022.html .
This report covers regions such as North America, Europe, Asia-Pacific, and Rest of the World (RoW). The market in APAC is expected to grow at the highest rate between 2016 and 2022. The major reason for the growth of the industrial Ethernet market in APAC is it is one of the largest producers of consumer electronics in the world, which is boosting the advanced automation in these industries that use industrial Ethernet system. Also, APAC is the major automotive production hub in the.
The companies that are profiled in this report are Siemens AG (Germany), ABB Ltd. (Switzerland), Rockwell Automation (U.S.), Schneider Electric (France), Beckhoff Automation (Germany), Moxa Inc. (Taiwan), Cisco Systems, Inc. (U.S.), B&R Automation (Austria), Belden Inc. (U.S), and Innovasic, Inc. (U.S.).
Request a corporate discount on copy of Industrial Ethernet Market by Offering (Hardware, Software, and Services), Protocol (EtherNet/IP, PROFINET, Modbus TCP, POWERLINK, CC-Link IE, EtherCAT, and Sercos III), End-User Industry, and Geography – Global Forecast to 2022 research report at http://www.reportsnreports.com/contacts/discount.aspx?name=771690 .
Break-up of the profiles of primary participants for the report:
• By Company Type: Tier 1—50%, Tier 2—33%, and Tier 3—17%
• By Designation: C-Level Executives—34%, Directors—33%, and others—33%
• By Region: APAC—50%, North America—33%, Europe—17%
This report covers the key software, services, and components of the industrial Ethernet market. In industrial Ethernet,different protocols are used, namely, PROFINET, EtherNet/IP, EtherCAT, Modbus TCP, POWERLINK, Sercos III, and CC-LINK IE. The report covers various end-userindustries such as automotive, electrical and electronics, aerospace and defense, oil and gas, water and wastewater, food and beverages, pharmaceutical, energy and power generation, mining, chemical, petrochemicals and fertilizers, and engineering/fabrication. The industrial Ethernet market has been segmented based on region into North America, Europe, APAC, and RoW.
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