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The industrial power over ethernet market share is expected to increase by USD 135.24 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5.84%.
This industrial power over ethernet market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial power over ethernet market segmentations by end-user (power industry, oil and gas industry, telecommunications industry, and others), type (powered devices and power sourcing equipment), and geography (APAC, Europe, North America, MEA, South America). The industrial power over ethernet market report also offers information on several market vendors, including Analog Devices Inc., Broadcom Inc., Cisco Systems Inc., Kinetic Technologies, Maxim Integrated Products Inc., Monolithic Power Systems Inc., ON Semiconductor Corp., Siemens AG, STMicroelectronics NV, and Texas Instruments Inc. among others.
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The rise in adoption of IoT connected devices in industrial processes is notably driving the industrial power over ethernet market growth, although factors such as volatile oil and gas environment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial power over the ethernet industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Industrial Power Over Ethernet Market Driver
The rise in adoption of IIoT connected devices in industrial processes is a major factor driving the global industrial power over ethernet market. IoT devices collect data through wireless industrial equipment, such as sensors and actuators, and transmit it to a centralized location on a real-time basis, which empowers the end-user to make informed decisions. One of the most important factors that ensure the effective implementation of IIoT in industrial operation is the effectiveness of communication networks through the use of wireless systems. These factors have increased the need for PoE equipment in industrial processes. In particular, at remote locations, wherein monitoring assets are spread over a large area, such as the oil and gas and power facilities, laying down wires can be highly expensive. The advances in IIoT and the increasing awareness about PoE will surge the adoption of industrial Power over Ethernet and drive the market growth.
Key Industrial Power Over Ethernet Market Trend
The emergence of smart factories is another factor driving the global industrial power over ethernet market share growth. The advent of smart factories is changing the facade of industrial manufacturing. In general, in a smart factory, real-time data and information are connected using a constant stream of data, and therefore, can improve or optimize processes through automation and self-optimization. Network and cloud are two connected infrastructures that are essential in achieving this goal. For attaining such connectivity specifications, industrial Ethernet protocols, such as EtherCAT and PoE technology, are selected to implement machine network (controller-to-sensors/actuators communication), machine-to-cloud communication, and machine-to-machine (M2M) communication, respectively, in the smart factory. Ongoing technological advances, increasing complexity in the supply chain, growing competitive pressure across the globe, ongoing organizational realignment resulting from information technology (IT) and operational technology (OT), and increased investments by end-user industries are fostering the adoption of the smart factory globally, which will drive the growth of the global industrial Power over Ethernet market during the forecast period.
Key Industrial Power Over Ethernet Market Challenge
The volatile oil and gas environment will be a major challenge for the global industrial power over ethernet market share growth during the forecast period. The oil and gas industry is a significant contributor to the global industrial Power over the Ethernet market. Industrial Power over Ethernet is used for oil and gas explorations and production applications. Hence, the volatility in the oil and gas market can adversely affect the growth of the global industrial Power over the Ethernet market. The crude oil prices before 2014 were substantially high, resulting in large-scale investments by oil and gas upstream companies. However, crude oil prices witnessed a slump afterward and continued to decline. The oil and gas industry has been adversely affected by several factors, including the COVID-19 outbreak, the Russia-OPEC trade war, and the rising adoption of alternative energy sources, which has resulted in fluctuating oil prices. However, in 2020-2021, the oil and gas upstream investments were, therefore, expected to be slower, after which investments may rise, in turn, driving the demand for industrial Power over Ethernet in the oil and gas industry.
This industrial power over ethernet market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global Industrial Power over the Ethernet market as part of the global communications equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial power over the ethernet market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the industrial power over ethernet market encompasses successful business strategies deployed by the key vendors. The industrial power over the ethernet market is fragmented and the vendors are deploying growth strategies such as developing and manufacturing industrial Power over Ethernet to gain to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The industrial power over ethernet market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the industrial power over ethernet market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global communications equipment market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Type
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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