PUBLISHER: TechNavio | PRODUCT CODE: 1321126
PUBLISHER: TechNavio | PRODUCT CODE: 1321126
The industrial ethernet market is forecasted to grow by USD 37.51 bn during 2022-2027, accelerating at a CAGR of 12.86% during the forecast period. The report on the industrial ethernet market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing number of smart grid projects, the replacement of fieldbus with industrial ethernet, and the growing implementation of IoT.
Technavio's industrial ethernet market is segmented as below:
By Component
By Technology
By Geographical Landscape
This study identifies the emergence of smart factories as one of the prime reasons driving the industrial ethernet market growth during the next few years. Also, increasing demand for ethernet/IP to Profibus linking devices and advent of ethernet with time-sensitive networking will lead to sizable demand in the market.
The report on the industrial ethernet market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading industrial ethernet market vendors that include ABB Ltd., Analog Devices Inc., Belden Inc., Cisco Systems Inc., Hitachi Ltd., HMS Networks AB, Honeywell International Inc., Microsemi Corp., Moxa Inc., Nexans SA, Patton Electronics Co., Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Signamax Inc., Texas Instruments Inc., TURCK India Automation Pvt. Ltd., Yokogawa Electric Corp., Eaton Corp. Plc, and OMRON Corp.. Also, the industrial ethernet market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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