Industrial Ethernet Market to reach USD 70 billion by 2025

1
Industrial Ethernet Market to cross USD 70
billion by 2025 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Industrial Ethernet Market

• Global Industrial Ethernet Market is set to grow
  from its current market value of more than 25
  billion to over 70 billion by 2025 according to
  a new research report by Global Market Insights,
  Inc. The rapidly growing adoption of Industrial
  IoT (IIoT) predominantly among the manufacturing
  and automotive sectors to improve the efficiency
  of production processes and supply chain is
  driving the growth of the industrial ethernet
  market. Supportive government initiatives and
  hefty investments to extensively convert
  traditional grids into smart grids are resulting
  in the proliferation of the market.
• For instance, according to the U.S. Department of
  Energy, the country has invested USD 8 billion
  through the Smart Grid Investment Grant Programme
  between 2010 and 2015. The country has received
  federal financial assistance for up to 50 of
  project costs. The investments are anticipated to
  reach USD 110 billion over the next decade.

3
Continued...

• The service segment is projected to exhibit the
  fastest growth between 2019 and 2025, reporting a
  CAGR of over 20 owing to the need for effective
  installation, testing, and maintenance of the
  network infrastructure to ensure long-term
  stability. The software solution segment is
  estimated to grow at a significant CAGR over the
  forecast timeline owing to its capability to
  enable network management through the monitoring
  of industrial Ethernet networks with a varying
  number of nodes.
• The automotive transport segment is expected to
  witness an accelerated growth in the industrial
  ethernet market throughout the forecast timeline
  owing to the increasing requirement of bandwidth
  in automobiles. The automobiles are currently
  transforming from hardware-driven machines to
  software-driven electric devices, resulting in a
  significant increase in complexity and weight of
  wiring harness. Consequently, OEMs are
  integrating more computer-based systems,
  connections, and applications to ensure proper
  connectivity between systems, contributing to an
  exponential increase in wiring harness, resulting
  in the third highest heaviest and costliest
  component in cars.

4
Canada Industrial Ethernet Market Revenue, By
Service, 2018 2025 (USD Billion)

5

Browse Full Market Research Report On
Industrial Ethernet Market _at_ https//bit.ly/2HOc8i
2 Request for a Sample of this Research
Report _at_ https//bit.ly/2uaI0eT
6
Continued...

• Gigabit protocol is projected to witness an
  extensive adoption throughout the forecast period
  for facilitating connections between various
  devices such as robots, sensors, PLCs, and other
  industrial machines. The Gigabit Ethernet
  predominantly employs optical fiber connection
  for the transmission of information over long
  distances with high speeds. It is expected to
  witness a large-scale adoption between 2019 and
  2025. The technology is mostly deployed to
  increase the data transfer rate between server
  client farms and to connect with fast Ethernet
  switches.
• Asia Pacific is growing at the highest CAGR in
  the industrial ethernet market due to the rapid
  growth of manufacturing automation applications
  in the region supported by Industry 4.0. The
  supportive government initiatives policies for
  driving the adoption of industrial automation
  among the manufacturing and automotive industries
  are also estimated to have a significant impact
  on market growth over the forecast timeline.

7
Continued...

• The players operating in the industrial ethernet
  market are aggressively focusing on developing
  sophisticated Ethernet switches for harsh
  environmental applications. For instance, in May
  2018, Siemens AG launched industrial ethernet
  switches on to the market to provide reliable
  flexible networking of process automation
  devices. Some of the key players operating in the
  market are, ABB Ltd., Advanced Motion Control,
  ACS Motion Control Ltd., Alta Industrial Motion,
  Beckhoff Automation, BR Automation, Belden, Inc.
  (Hirschmann), Cisco Systems, Inc., Bosch Rexroth
  AG, Honeywell International, Inc., Eaton
  Corporation, Moxa, Inc., Innovasic, Inc., Omron
  Corporation, Schneider Electric SE, Rockwell
  Automation, Parker Hannifin Corporation, Yaskawa
  Electric Corporation, Siemens AG, and Yokogawa
  Electric Corporation.

8
Industry Coverage

9
Table OF Content
Chapter 1. Methodology Scope 1.1.
Methodology 1.1.1. Scope 1.2. Definition and
forecast parameters 1.3. Methodology and forecast
parameters 1.4. Data Sources 1.4.1.
Secondary 1.4.2. Primary Chapter 2. Executive
Summary 2.1. Industrial Ethernet industry 360º
synopsis, 2014 - 2025 2.1.1. Business
trends 2.1.2. Regional trends 2.1.3. Protocol
trends 2.1.4. Component trends 2.1.4.1. Hardware
trends 2.1.4.2. Software trends 2.1.5.
Application trends
10
Stay In Touch Website www.gminsights.com Soci
al Media