Sarasota, FL, Feb. 16, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Industrial Ethernet Market by Protocol Type (Ethernet/IP, PROFINET, EtherCAT, Modbus TCP, POWERLINK, Sercos III and CC-Link IE), for Automotive, Electrical & Electronics, Aerospace & Defense, Oil & Gas, Water & Wastewater, Food & Beverages, Pharmaceutical, Engineering/Fabrication and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022” . According to the report, global industrial Ethernet market was valued at around USD 23.96 billion in 2016 and is expected to generate revenue of USD 58.98 billion by end of 2022, growing at a CAGR of slightly above 16.20% between 2017 and 2022.
Ethernet is widely used in office and office networks for data transfers. The use of standard Ethernet in an industrial environment is called industrial Ethernet. Industrial Ethernet is a phrase that can be used to describe the general shift towards Ethernet solutions in the industry. It is also specifically used to describe Ethernet switches and media converters that are designed for industrial rather than home use.
Browse through 29 Market Tables and 26 Figures spread through 110 Pages and in-depth TOC on “Global Industrial Ethernet Market: By Type, Application, Size, Share, Growth, Segments, Analysis and Forecast, 2016 – 2024”.
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Industrial Ethernet is mainly used in automotive, electrical and electronics, aerospace and defense, oil and gas, water and wastewater, food and beverages, pharmaceutical. It is also used in energy and power generation, mining, chemical, petrochemicals and fertilizers and engineering/fabrication industry. In 2016, water and wastewater segment dominated the industrial Ethernet market with lucrative market share. Automotive, aerospace & defense and oil and gas market are expected to grow at a healthy rate due to increasing investment in research and development by the manufacturer.
Among protocol type PROFINET segment emerged as leading segment with highest market share and it is expected to show its dominance in the forecast period. Other segments like Ethernet/IP, EtherCAT, Modbus TCP, and POWERLINK are some important outlets that are expected to have remarkable growth in the next few years. The development of advanced technologies such as cloud-based services and big data analytics have increased demand for data centers in developed countries which is contributing to Ethernet market growth.
Browse the full " Industrial Ethernet Market by Protocol Type (Ethernet/IP, PROFINET, EtherCAT, Modbus TCP, POWERLINK, Sercos III and CC-Link IE) for Automotive, Electrical & Electronics, Aerospace & Defense, Oil & Gas, Water & Wastewater, Food & Beverages, Pharmaceutical, Engineering/Fabrication and Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022 " report at https://www.zionmarketresearch.com/report/Ind...net-market
High deployment of industrial Ethernet in the Asia Pacific region considered as major upcoming opportunities for the growth of global industrial Ethernet market.
North America is expected to have significant growth during the years to come owing to the technological advancement in industrial Ethernet. U.S. is the key region in North America and plays the major role in the development of the future industrial Ethernet industry. Increasing adoption of cloud-based platforms, exponential increase in internet usage and growth of high-speed networking technologies is expected of fuel the industrial Ethernet market within the forecast period. Additionally rapidly growing online population demanding interconnectivity of objects, and growth in venture capital investment in IoT industry is flourishing growth of this market.
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Asia Pacific was followed by Europe and North America in 2016. Europe is expected to have significant growth during the years to come owing to the and rising consumer goods industry technological advancement in industrial Ethernet. The considerable economic growth of countries such France, the UK, and Germany may drive the Ethernet market in the next few years. Latin America, Middle East, and Africa are likely to have significant growth for Ethernet market during the estimated five years. Europe and the Middle East and Africa will account for more than 36% shares of the industrial Ethernet market by 2022.
Some of the key players in industrial Ethernet market include Beckoff Automation, Cisco Systems, Inc, Rockwell Automation, Schneider Electric, Siemens AG, ABB Ltd., B&R Automation, Belden Inc., Bosch Rexroth, ACS Motion Control, Innovasic, Inc., GE, Honeywell International, Omron, and Eaton. Siemens AG is one of the leading industrial Ethernet vendor worldwide followed by Rockwell Automation and Schneider Electric SE.
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This report segments the global industrial Ethernet market as follows:
Global Industrial Ethernet Market: Protocol Type Segment Analysis
- Ethernet/IP
- PROFINET
- EtherCAT
- Modbus TCP
- POWERLINK
- Sercos III
- CC-Link IE
Global Industrial Ethernet Market: Application Segment Analysis
- Automotive
- Electrical and Electronics
- Aerospace and Defense
- Oil and Gas
- Water and Wastewater
- Food and Beverages
- Pharmaceutical
- Engineering/Fabrication
- Others
Global Industrial Ethernet Market: Regional Segment Analysis
- North America
- U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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