Industrial Ethernet Market Competitive Landscape, Recent Development and Overview by 2032

1
Industrial Ethernet Market Competitive Landscape,
Recent Development and Overview by 2032
2

• Industry Insights

• The Industrial ethernet market is speculated to
  amass substantial gains by 2032 owing to the
  emergence of 5G technology across global
  industries. In addition, the burgeoning demand
  for industry 4.0 and automation in the
  manufacturing industry, along with the surging
  awareness regarding economic industrial
  solutions, is likely to propel the market growth
  over the forecast period.
• The COVID-19 pandemic created exponential
  opportunities for the industrial ethernet market
  as many firms witnessed a shift in working trends
  and adopted advanced automation solutions.
  Industrial ethernet emerged as an efficient
  choice for Industry 4.0 approach. For instance,
  the food and beverage industry witnessed a lag in
  connectivity during the pandemic due to food
  contamination concerns. Later, the FDA clearance
  on guidelines related to installing industrial
  switches encouraged many FB industry players to
  implement industrial ethernet switches.

3

• Based on component, the industrial ethernet
  market has been divided into hardware, software,
  and service. The services segment has been
  further classified into integration testing
  service and maintenance service. The industrial
  ethernet maintenance service segment is foreseen
  to expand at over 30 CAGR between 2023-2032 as
  ethernet services aid firms in reducing failures
  that occurred due to cable breakdowns. The
  surging use of predictive maintenance in
  industrial Ethernet aids in receiving a failure
  analysis through an industry 4.0 network,
  enabling the failed cable to be replaced.
• With respect to protocol, the industrial ethernet
  market has been classified into Ethernet TCP/IP,
  gigabit, PROFINET, EtherCAT, Ethernet/IP, Modbus
  TCP/IP, Powerlink, Sercos III, and HSE. The
  ethernet TCP/IP held over 40 market share in
  2022 due to the mounting popularity of ethernet
  TCP/IP protocol to manage the connection between
  automated devices technologies such as CNCs,
  PLCs, sensors, robots, and other industrial
  equipment.
• On the basis of application, the industrial
  ethernet market has been classified into
  aerospace defense, oil gas, electrical
  electronics, energy power, automotive
  transport, chemical, and others. The electrical
  electronics segment amassed over 20 of the
  market share in 2022 as a result of technological
  advancements in electrical and electronic
  products. Furthermore, electronics products such
  as routers, firewalls, gateways, hubs, and
  switches enable the implementation of industrial
  ethernet, driving the segmental growth.

4
Request for a Sample Copy of this Report _at_
https//www.gminsights.com/request-sample/detail/2
437
5

• Regional Analysis

• In the regional context, the Latin America
  industrial ethernet market is poised to showcase
  over 15 CAGR through 2032. The government
  initiatives towards improving and expanding power
  generation capacity and transmission
  infrastructure are contributing to market growth
  in the LATAM region. Also, swelling demand for
  setting up renewable energy generation plants in
  the region is anticipated to encourage power
  cable installations over the next 10 years.

• Competitive Analysis

• Global Industrial Ethernet Market growth will be
  positively affected by the notable presence of
  reputed organizations, such as Moxa Inc., Parker
  Hannifin Corporation, Eaton Corporation, Rockwell
  Automation, ABB Ltd., Monnit Corporation (Alta
  Ethernet Gateway), ACS Motion Control, Ltd.,
  Barta-Schoenewald, Inc., Schneider Electric SE,
  Belden, Inc., Cisco Systems, Inc., Honeywell
  International, Inc., Omron Corporation, Innovasic
  Inc., Siemens AG, and Yokogawa Electric
  Corporation are some of the key industrial
  ethernet market players.

Request for Customization _at_ https//www.gminsights
.com/roc/2437
6
Latest Research Report On Industrial Ethernet
Market _at_ https//www.gminsights.com/industry-analy
sis/industrial-ethernet-market
Request for a Sample Copy of this Report _at_
https//www.gminsights.com/request-sample/detail/2
437
Request for customization _at_ https//www.gminsights
.com/roc/2437
7
THANK YOU
www.gminsights.com