By 2030, the industrial Ethernet market is projected to grow at a rate of 11.12%, reaching about USD 15.56 billion.
The networking devices on a computer are all connected via an Ethernet switch, a multiport network switch. These industrial-grade Ethernet switches are specially made for tying together components in conditions where industrial networks are vulnerable to shocks, vibrations, and operating temperatures between -40°C and 75°C. Industrial and factory automation, rail and intelligent transportation systems (ITSs), maritime, and the oil and gas industries all use these kinds of Ethernet switches.
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Industrial Ethernet Market Report Scope:
|Revenue Forecast in 2030:||USD 15.56 Billion|
|Growth Rate:||CAGR of 11.12% from 2020 to 2030|
|Forecast Period:||2020 -2030|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
The market is expected to grow at a substantial rate due to factors such as the rising demand for efficient communication infrastructure in the automotive and transportation industries. This is along with the increased usage of industrial Ethernet switches due to their benefits.
The global spread of Coronavirus has affected the Industrial Ethernet market. All manufacturing and production companies are being forced to shut down operations as well as revaluate and change their strategy due to the pandemic’s presence. The intention behind this is to encourage them to come up with speedy solutions that would aid in stabilizing the global market’s supply chain system. During the prediction of Industrial Ethernet Market period that concluded in 2028, most manufacturing companies and units not only stopped production on a global scale but are also suffering from a lack of competent labor and logistics support.
Among others, the medical device, energy, water, paper and pulp, automotive, transportation, aerospace, electronics, defense, oil and gas, food and beverage, mining, and metals industries are among the end-users of the expanding industrial ethernet market trends.
The market uses several protocols, including SERCOS III, PROFINET, CC-Link IE, POWERLINK, EtherCAT, and IP/Ethernet.
During the hypothetical time frame, the APAC area is anticipated to experience the Industrial Ethernet Market highest growth rate. Automation and industrialization are driving the expansion of the Asia-Pacific Ethernet switch market. It is projected that developing nations like China and India will represent the biggest market. This is explained by the fact that businesses in the area are making significant investments in the automation process.
In June 2020, Moxa launched its MDS-G4000 Series industrial DIN-rail modular managed Ethernet switches. They help in achieving the highest level of network adaptability in terms of services and solutions.
During the anticipated period, Moxa has been one of the key market participants in assisting with market expansion goals. To help create a comprehensive lineup of industrial unmanaged Ethernet switches with options for 5-18 ports as well as Gigabit combo ports to establish a dependable connection with more nodes offering higher bandwidth, the company continued with the introduction of the EDS-2000-EL alongside the EDS-2000-ML series in April 2020.
Another major competitor in the market, SICK, opened a fully operational and well-equipped production side that will serve the local Chinese market. The goal of this inauguration, which took place in December 2019, is to increase the local population’s capacity to use China-region construction services.
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