Industrial Ethernet Market Size, By Component (Hardware [Switches, Hubs, Routers & Gateways, Connectors, Communication Interfaces, Controllers & Processors], Software, Service [Integration & Testing Service, Maintenance Service]) By Protocol (Ethernet TCP/IP, Gigabit, PROFINET, Modbus TCP/IP, Powerlink, EtherCAT, Sercos III, HSE), By Application (Automotive & Transport, Aerospace & Defense, Electrical & Electronics, Oil & Gas, Energy & Power, Chemical), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Dec 2020  |  Report ID: GMI2437  |  Authors: Ankita Bhutani, Preeti Wadhwani

Report Format: PDF   |   Pages: 300   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Industrial Ethernet Market size exceeded USD 35 billion in 2019 and is anticipated to grow at a CAGR of over 15% from 2020 to 2026. The market growth is attributed to the growing adoption of IIoT to enhance productivity of production functions in various industrial sectors such as automotive & transport, electrical & electronics, oil & gas, energy & power, and aerospace & defense.

Industrial Ethernet Market

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With growing awareness of better integrating factory-installations and IT systems across industries, the demand for advanced industrial ethernet market is expected to accelerate in near future. In terms of new installation of nodes in factory automation functions, industrial ethernet has overtaken traditional fieldbuses with Ethernet/IP emerging as the leading network installed across industries.

Major industrial operations have been severely affected due to the current COVID-19 pandemic. The supply chain of the industrial ethernet market is largely affected on account of nature of the products & services, which cannot be easily procured online. The deployment of industrial ethernet services via managed service providers is facing bottlenecks as technical consultants are unable to visit office premises for the integration & deployment of industrial ethernet solutions.

Rising adoption of industrial ethernet switches in the UK

In the UK industrial ethernet market, switches held a market share of over 30% in 2019 owing to their immense benefits over commercial switches. As these switches are designed to operate on plant floors their specifications, such as shock, temperature, & vibration, should comply with the equipment connected (HMI, Ethernet I/O, PLC, etc.). Moreover, these switches are enclosed in industrial-style rugged steel enclosures, which improve their durability in harsh industrial environments. Industrial ethernet switches have redundant power inputs and typically operate on DC power, whereas; commercial switches operate on a single power supply. These benefits make industrial ethernet switches a highly reliable alternative over commercial switches.

Growing adoption of industrial automation across the South Africa oil & gas sector

South Africa  Industrial Ethernet Market

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The oil & gas sector in the South Africa industrial ethernet market is poised to witness more than 15% growth during the forecast period driven by rising industrial automation across the oil & gas sector. Industrial ethernet technology power networks manage complex production and extraction processes that include offshore oil drilling, pump station, onshore production, pipeline transportation, and oil refining. As the oil & gas industry is moving into deeper waters to address increasing demand for resources, the demand for specialized cable solutions and industrial ethernet is expected to significantly increase over the coming years.

Ethernet TCP IP is the most widely adopted industrial ethernet protocol in China

In China, the ethernet TCP IP accounted for 40% industrial ethernet market share in 2019 due to growing demand to facilitate connections between various devices such as robots, sensors, PLCs, and other industrial machines. As the protocol enables effective real-time communication of time-sensitive factory/floor data in the industrial environment, it is expected to witness a large-scale adoption during 2020-2026. Ethernet TCP/IP is a suite of communication protocols used for interconnecting network devices over the Internet. TCP/IP can even be used as a communication protocol in a private network. The protocol is widely used in industrial automation, robotics, machinery, and related industrial operations. The communication takes place through real-time ethernet or fieldbus interface.

High level of industrial automation in North America

U.S. Industrial Ethernet Market

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North America industrial ethernet market dominated around 50% revenue share in 2019 owing to the rapid growth of industrial automation in the region. The advent of Industry 4.0 is estimated to be one of the major factors backing the regional market expansion. Supportive government initiatives and policies driving the adoption and industrial automation in the manufacturing and automotive sectors are estimated to have significant impact on the business. The presence of large number of industrial automation players in the region will also foster the market growth.

U.S. was the first country to implement the moving assembly line in manufacturing units. Furthermore, according to National Network for Manufacturing Innovation (NNMI), in the U.S. only two out of five employees are directly engaged in the production. These factors indicate a high level of innovation and automation in the U.S. manufacturing sector, which is estimated to boost the market demand.

Development of innovative industrial ethernet products is the key strategy adopted by major market players

Some of the companies operating in the industrial ethernet market are ABB Ltd., Physik Instrumente (PI) GmbH & Co. KG, ACS Motion Control, Ltd., Barta-Schoenewald, Inc., BECKHOFF Automation, Belden, Inc., Robert Bosch GmbH (Bosch Rexroth AG), Cisco Systems, Inc., Eaton Corporation Public Limited Company (Eaton Corporation), Honeywell International, Inc., Innovasic Inc. (ANALOG DEVICES), Monnit Corporation (Alta Ethernet Gateway), Moxa Inc., Omron Corporation, Parker Hannifin Corporation, Rockwell Automation, Schneider Electric Se, Siemens AG, Yaskawa Electric Corporation, and Yokogawa Electric Corporation.

The industrial ethernet market players are emphasizing on developing innovative industrial ethernet hardware products to support the rapid adoption of autonomous vehicles. For instance, in March 2019, Broadcom launched BCM8596X ethernet switch for autonomous & connected vehicles. This helped the company to provide an effective solution, offering flexibility, security, and time-sensitive networking capabilities.

The industrial ethernet market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2015 to 2026 for the following segments:

Market, By Component

  • Hardware
    • Switches
    • Hubs, Routers, and Gateways
    • Connectors
    • Communication Interfaces
    • Controllers and Processors
    • Others
  • Software
  • Service
    • Installation and Testing Service
    • Maintenance Service

Market, By Protocol

  • Ethernet TCP/IP
  • Gigabit
  • Modbus TCP/IP
  • Powerlink
  • EtherCAT
  • Sercos III
  • HSE
  • Others

Market, By Application

  • Oil & gas
  • Aerospace & Defense
  • Energy & power
  • Electrical & Electronics
  • Automotive & Transport
  • Chemicals
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
  • Asia Pacific
    • China
    • Japan
    • India
    • ANZ
    • South Korea
    • Singapore
    • Brazil
    • Mexico
    • Argentina
    • South Africa
    • GCC


Frequently Asked Questions (FAQ) :

The industry size of industrial ethernet was valued at over USD 35 billion in 2019 and is projected to expand at more than 15% CAGR through 2026.
South Africa market share from the oil & gas segment is set to grow at more than a 15% CAGR in the coming years owing to the soaring industrial automation across the region.
The switches segment captured more than 30% of the UK market share during 2019 owing to their immense benefits over commercial switches.
North America market recorded nearly 50% revenue share in 2019 and is projected to grow substantially, propelled by the speedy growth of industrial automation in the region.
The TCP IP held 40% market share in China in 2019 driven by the rising demand to facilitate connections between numerous devices like sensors, robots, PLCs, and other industrial machines.

Premium Report Details

  • Published Date: Dec 2020
  • Pages: 300
  • Tables: 346
  • Charts / Figures: 28
  • Companies covered: 19
  • Countries covered: 19

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