The Asia Pacific industrial Ethernet market is projected to grow at a significant CAGR during the forecast period. The supportive government initiatives and hefty investments to extensively convert traditional grids into smart grids in countries such as China, Japan, and India are resulting in the proliferation of the industrial Ethernet industry. The green initiatives adopted by the government of the region to reduce carbon intensity and increase the use of a renewable source of energy are supporting the growth of the smart grid technology in the region, resulting in the market growth. For instance, in August 2016, China announced to invest USD 77.6 billion over a period of next 10 years for converting traditional grids into smart grids. This will help the country to reduce the carbon intensity of its GDP by 40%-45% by 2020 relative to 2005.
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A highly pivotal space of the smart technology vertical, industrial ethernet market has garnered commendable acclaim in the last few years. Industrial ethernet protocols are known to establish a flexible, scalable, and ubiquitous network that conveniently connects components as and when required.
Industrial Ethernet market has essentially risen to prominence due to the extensive integration of IoT in numerous fields. Technically, industrial ethernet is an improvement over the traditional ethernet in terms of the use of rugged cables and connectors and better determinism. Enhanced determinism in fact, is one of the major factors that is expected to drive industrial ethernet market as industrial environments have a key requirement for determinism.
Packets of data have to be delivered and received with precision every time, while data delay may end up in disasters – may be an unacceptable flaw in production process. Certain protocols of industrial Ethernet such as EtherNEt/IP, PROFINET, TCP/IP have been deployed for achieving better determinism, thus impelling industrial ethernet market growth.
The healthcare, automotive, and aerospace & defense sectors are growingly adopting Industry 4.0 to enhance their production process and logistics, contributing to the growth of the industrial Ethernet market. The energy & power in the application segment held a significant market share in 2018 and is expected to maintain its significant market share over the forecast period. The industrial ethernet enables rugged & reliable communication in the oil & gas exploration, resulting in increased productivity with reduced cost. For instance, in October 2016, Siemens claimed that its product lines, SCALANCE and RUGGEDCOM, will reduce the asset downtime by 66% in the energy & power sector.
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The hardware segment held a major portion of the market share in 2018 due to huge deployments of such devices in various industry verticals to become more connected. However, this has led to a surge in the demand for services as several hardware devices are being used to establish connectivity. As the hardware & software components are provided by several manufacturers, they need to be integrated with the existing systems. This will augment the demand for integration, installation, and maintenance services, resulting in the growth of the service segment over the forecast period.
Some of the key players operating in the Industrial Ethernet market are, ABB Ltd., Advanced Motion Control, ACS Motion Control Ltd., Alta Industrial Motion, Beckhoff Automation, B&R Automation, Belden, Inc. (Hirschmann), Cisco Systems, Inc., Bosch Rexroth AG, Honeywell International, Inc., Eaton Corporation, Moxa, Inc., Innovasic, Inc., Omron Corporation, Schneider Electric SE, Rockwell Automation, Parker Hannifin Corporation, Yaskawa Electric Corporation, Siemens AG, and Yokogawa Electric Corporation.
Some Points From Table Of Content: –
Chapter 6. Industrial Ethernet Market, By Protocol
6.1. Key trends, by protocol
6.2. Ethernet TCP/IP
6.2.1. Ethernet TCP/IP market size, 2014-2025
6.3.1. Gigabit market size, 2014-2025
6.4.1. PROFINET market size, 2014-2025
6.5. Modbus TCP/IP
6.5.1. Modbus TCP/IP market size, 2014-2025
6.6.1. Powerlink market size, 2014-2025
6.7.1. EtherCAT market size, 2014-2025
6.8. Sercos III
6.8.1. Sercos III market size, 2014-2025
6.9.1. HSE market size, 2014-2025
6.10.1. Others market size, 2014-2025
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