Below are some of the key findings from the industrial ethernet switches market research report:
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Global Industrial Ethernet Switches Industry Overview
The miniaturization of Ethernet switches is one of the major factors driving the industrial ethernet switches market growth. The need to reduce the overall product size and to cater to the harsh working environment has led to the miniaturization of devices. This growing preference for small and sleek devices among end-users is encouraging industrial device manufacturers to develop miniature industrial Ethernet switches. Manufacturers are already introducing industrial control switches that are 20%-30% smaller in size than the traditional industrial Ethernet switches. Moreover, the growing demand for small boards and the need to increase area utilization in production facilities will further boost the miniaturization of switches. This trend will drive the demand for Ethernet switches, and thereby boost industrial ethernet switches market growth in the coming years.
The implementation of time-sensitive networking (TSN) in Ethernet services is one of the major industrial ethernet switches market trends. TSN technology is an Ethernet standard and deterministic communication technology. It identifies the host and receiver with the help of Ethernet header contents and carries the payload of any industrial application. The incorporation of TSN in industrial Ethernet standard offers users a new level of connectivity and optimization. It also aids in cost savings and facilitates the determination of the time frame of communication. The inclusion of TSN in Ethernet can further increase the adoption of Ethernet over another medium of data transfer. The industrial ethernet switches market forecast report predicts that fueled by these factors, the market will grow at a CAGR of over 10% during the forecast period.
Top industrial ethernet switches companies covered in this market research report
The industrial ethernet switches market is moderately fragmented and is in the growth phase. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this industrial ethernet switches industry analysis report will help clients identify and design new growth strategies.
The report offers a complete analysis of various companies including:
- ABB
- Arista Networks
- Belden
- Cisco
- Huawei
- Siemens
Industrial ethernet switches market segmentation based on geographic regions
- Americas
- APAC
- EMEA
According to global industrial ethernet switches market analysis, the EMEA region will lead the industrial ethernet switches market share. The APAC region, however, will account for the highest industrial ethernet switches market growth over the forecast period.
Industrial ethernet switches market segmentation based on product
- Managed industrial ethernet switches
- Unmanaged industrial Ethernet switches
The managed industrial ethernet switches will account for the largest industrial ethernet switches market share during the forecast period. This segment will also account for the highest industrial ethernet switches market growth. Additionally, the report also provides an accurate prediction of the contribution of all the product segments to the growth of the industrial ethernet switches market size.
Key highlights of the global industrial ethernet switches market for the forecast years 2018-2022:
- CAGR of the market during the forecast period 2018-2022
- Detailed information on factors that will accelerate the growth of the industrial ethernet switches market during the next five years
- Precise estimation of the global industrial ethernet switches market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- Growth of the industrial ethernet switches industry across the Americas, APAC, and EMEA
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details on the factors that will challenge the growth of industrial ethernet switches companies
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