Overview of the global industrial Ethernet/IP market

Market research analysts at Technavio predict that the global industrial Ethernet/IP market will grow at a CAGR of almost 17% by 2021. This market research analysis identifies the implementation of Industrial Internet of Things (IIoT) which will improve the application designs of the industry as one of the primary growth factors for this market. The vendors are trying to connect Ethernet/IP with automation as it offers a greater bandwidth and is continuously upgraded with technological advancements. The collaboration of IIoT with Ethernet/IP-based devices will lead to the development of smart factories. This will in turn, augment the growth prospects of the market during the next four years.

The demand for Ethernet/IP is significantly increasing in the Americas due to the increased development of the food and beverages and automotive industries in the region. The increasing demand for automobiles will lead to a rise in communication networks in their manufacturing premises. Additionally, the awareness on the benefits of collaborating Ethernet/IP with the oil and gas industry and with smart grids, will also drive the market in the forecast period.

Competitive landscape and key vendors

The industrial Ethernet/IP market is characterized by the presence of major international vendors. The players in this marketspace are focusing more on the production of Ethernet/IP-based devices. Since this technology requires expertise, the vendors usually follow the standard specifications to ease installations in industrial premises. The coming years will witness the entry of new players, which will intensify the level of competition among the market players.

The leading vendors in the market are -

• Beckhoff
• HMS
• Moxa
• Rockwell Automation
• RTA

The other prominent vendors in the market are Belden, CISCO, Huawei, Innovasic, Mitsubishi Electric, Molex, NetModule, and UTTHUNGA.

Segmentation by coverage and analysis of the industrial Ethernet/IP market

• Factory automation
• Supervisory control

The implementation of factory automation with Ethernet/IP will help industries achieve their real-time capability, better connectivity, reliable performance, and accurate diagnostics. Industrial automation and robotics are adopted by major vendors to increase their productivity. The components of such systems being updated with technological advances require updating of the other devices linked to them. Thus, industries are developing more networks in their factory floor to have control of the overall production from a single control system.

Segmentation by end-user and analysis of the industrial Ethernet/IP market

• Discrete industries
• Process industries

The need for Ethernet protocols is more in the discrete industries since there are chances to reverse the process in case of any error. According to our industry research experts, this segment was the major end-user to the Ethernet/IP market during 2016. Owing to the increasing demand for industrial communication networks that implement Ethernet technology, this segment will continue to account for the major market shares during the next four years as well.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global industrial Ethernet/IP market?
• What are the key market trends impacting the growth of the global industrial Ethernet/IP market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial Ethernet/IP market?
• What are the market opportunities and threats faced by the vendors in the global industrial Ethernet/IP market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial Ethernet/IP market?

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