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Industrial Ethernet Market by Technology and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71537
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The industrial ethernet market share is expected to increase by USD 29.39 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 12.44%.

This industrial 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 ethernet market segmentation by technology (ethernet/IP, PROFINET, etherCAT, modbus TCP/IP, and others) and geography (APAC, North America, Europe, South America, and MEA). The industrial ethernet market report also offers information on several market vendors, including ABB Ltd., Analog Devices Inc., Belden Inc., Hitachi Ltd., Nexans SA, Physik Instrumente (PI) GmbH and Co. KG, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG among others.

What will the Industrial Ethernet Market Size be During the Forecast Period?

Industrial Ethernet Market Size

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Industrial Ethernet Market: Key Drivers and Trends

The increasing number of smart grid projects is notably driving the industrial ethernet market growth, although factors such as fluctuating raw materials price 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 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 Ethernet Market Driver

One of the key factors driving growth in the industrial ethernet market is the increasing number of smart grid projects. With the growing need for detection and reaction to local changes in the use of power, there is a surge in the implementation of smart grids in the power industry. At present, the implementation of the smart grid is greater in China and North America. The initiatives taken by governments of these regions to modernize traditional power grids into smart grids are increasing the scope of the global industrial Ethernet market. The key benefits of smart grids over traditional grids play a key role in the investments for smart grid projects. As the grid receives power from a variety of conventional and green power sources, the power flowing into the grid must match with power demand based on real-time information and control systems to prevent voltage fluctuations on the grid. Thus, industrial Ethernet is the de facto standard for end-user industries to match power flowing in and out of the grid. The International Energy Agency (IEA) has planned to provide electricity access worldwide at an additional cost of $391 billion by 2030. Such initiatives and measures will improve the adoption of the smart grid, enhancing the adoption of industrial Ethernet.

Key Industrial Ethernet Market Challenge

The fluctuating raw materials price will be a major challenge for the industrial ethernet market vendors during the forecast period. Increasing demand for industrial cables and intense competition in the market has made it difficult for vendors to sustain themselves in the market. In addition, the prices of raw materials depend on factors such as their availability, demand-supply gap, inflation, and production. Raw material costs determine 70% of end-products costs (cables). Copper and fiber-optic are the major raw materials used in the manufacture of industrial Ethernet cables. The cost of fiber-optics is more per meter compared with copper. This price variation of non-ferrous materials hinders the global industrial communication cables market. Prominent vendors are entering into long-term contracts with their suppliers to overcome the fluctuating raw material prices. This will help them to hedge themselves from the fluctuating price of raw materials. However, this strategy is not feasible for small vendors.

This industrial 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.

Who are the Major Industrial Ethernet Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Analog Devices Inc.
  • Belden Inc.
  • Hitachi Ltd.
  • Nexans SA
  • Physik Instrumente (PI) GmbH and Co. KG
  • Robert Bosch GmbH
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG

 

This statistical study of the industrial ethernet market encompasses successful business strategies deployed by the key vendors. The industrial ethernet market is fragmented and the vendors are deploying organic and inorganic growth strategies 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 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. 

Which are the Key Regions for Industrial Ethernet Market?

Industrial Ethernet Market Market segmentation by region

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37% of the market's growth will originate from North America during the forecast period. The US is the key market for industrial ethernet in North America. Market growth in this region will be faster than the growth of the market in other regions.

The rising adoption of IIoT will facilitate the industrial ethernet market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Technology Segments in the Industrial Ethernet Market?

Industrial Ethernet Market Segmentation

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The industrial ethernet market share growth by the ethernet/IP segment will be significant during the forecast period. Factors such as high flexibility and performance, growing implementation of IIoT, and the ongoing increased penetration of Ethernet networks in process industries are driving the Ethernet/IP market growth. The adoption of EtherNet/IP will continue to grow, not only in conjunction with the increase in the overall rate of connectivity but as a result of the penetration of Ethernet and Internet technologies into new applications. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial ethernet market size and actionable market insights on post COVID-19 impact on each segment.

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Industrial Ethernet Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 12.44%

Market growth 2021-2025

$ 29.39 billion

Market structure

Fragmented

YoY growth (%)

10.66

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

North America at 37%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., Analog Devices Inc., Belden Inc., Hitachi Ltd., Nexans SA, Physik Instrumente (PI) GmbH and Co. KG, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, and Siemens AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Industrial Ethernet Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive industrial ethernet market growth during the next five years
  • Precise estimation of the industrial ethernet market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial ethernet industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial ethernet market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Technology

    • Market segments
    • Comparison by Technology
    • Ethernet/IP - Market size and forecast 2020-2025
    • PROFINET - Market size and forecast 2020-2025
    • EtherCAT - Market size and forecast 2020-2025
    • Modbus TCP/IP - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Technology

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • ABB Ltd.
    • Analog Devices Inc.
    • Belden Inc.
    • Hitachi Ltd.
    • Nexans SA
    • Physik Instrumente (PI) GmbH and Co. KG
    • Robert Bosch GmbH
    • Rockwell Automation Inc.
    • Schneider Electric SE
    • Siemens AG

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
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    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
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    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your sample now!
    Industrial Ethernet market growth will increase by $29.39 billion during 2020-2025.
    The industrial ethernet market is expected to grow at a CAGR of 12.44% during 2020-2025.
    Technavio has segmented the industrial ethernet market by technology (Ethernet/IP, PROFINET, EtherCAT, Modbus TCP/IP, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
    ABB Ltd., Analog Devices Inc., Belden Inc., Hitachi Ltd., Nexans SA, Physik Instrumente (PI) GmbH and Co. KG, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG are a few of the key vendors in the industrial ethernet market.
    North America will register the highest growth rate of 37.29% among the other regions. Therefore, the industrial ethernet market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the industrial ethernet market growth are:
    • Increasing number of smart grid projects
    The industrial ethernet market vendors should focus on grabbing business opportunities from the ethernet/ip segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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    • Covid-19 impact and recovery analysis
    • Data on revenue-generating market segments
    • Details on the market shares of various regions
    • Five-force market analysis

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