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The global industrial Ethernet cables market size will grow by USD 691.03 million during 2018-2022. This report offers an analysis of the market based on protocol (EtherNet/IP, PROFINET, EtherCAT, Modbus TCP/IP, POWERLINK, and others), end-user (discrete and process), and geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several industrial Ethernet cables companies including Belden, Hitachi, Nexans, Prysmian Group, Rockwell Automation, and Siemens.
Below are some of the key findings from this industrial Ethernet cables market analysis report
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The growing benefits of industrial Ethernet is a key factor that will drive market growth. Industrial Ethernet cables provide numerous benefits such as advances in the bandwidth, speed, and reliability. Industrial Ethernet allows manufacturers and companies in the market to leverage economies of scale while enjoying substantial control over the networked manufacturing equipment. Moreover, these cables also allow companies to closely link internal data networks with the factory floors to make the company’s operations much more efficient. Thus, the advantages of industrial ethernet cables will lead to increased adoption among end-users which will drive the market.
The advent of single pair ethernet cabling is a key trend that will positively impact the growth of the market. The growing adoption of IoT, rising interest in automation, and the need for cost-effective power and connectivity for billions of devices are leading to high demand for single pair Ethernet cabling. The traditional industrial ethernet cables limit the number of devices that can be connected to an industrial network via category rated twisted pair cabling. This will increase the demand for single pair ethernet cabling, as it unifies the network based on single-pair ethernet and offers greater physical reach for the cables. Thus, the growing benefits of industrial Ethernet coupled with the advent of single pair Ethernet cabling will drive the market at a CAGR of close to 17% during the forecast period.
The global industrial ethernet cables market is highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this industrial ethernet cables industry analysis report will help clients identify and design new growth strategies.
The report offers a detailed analysis of several leading industrial ethernet cables companies including:
The largest end-user of the global industrial ethernet cables market in 2017 was the discrete segment. Although the market share of this segment will witness a small decrease, it will continue to dominate the market throughout the next five years.
EMEA accounted for the largest industrial ethernet cables market share in 2017. Although this region will witness a decrease in its market share, it will remain the market leader for the next five years.
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