The Industrial Ethernet Market is expected
to grow at a CAGR of 16.8% between 2016 and 2022, from USD 19.43 billion in
2015 to USD 59.20 billion by 2022. The industrial Ethernet market has a huge
potential across electronics and automotive applications. The major factor
driving the industrial Ethernet market across the world is the rising demand
for industrial automation and growing adoption of Industrial Revolution 4.0.
According to new research report the Industrial
Ethernet Market is segmented by Offering (Hardware, Software, and Services), Protocol (EtherNet/IP, PROFINET, Modbus TCP,
POWERLINK, CC-Link IE, EtherCAT, and Sercos III), End-User
Industry, and Geography - Global Forecast to 2022.
Browse 43 market data tables and 80 figures
spread through 161 pages and in-depth TOC on “Industrial Ethernet Market - Global Forecast
to 2022”
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The market for the water and
wastewater industry is expected to grow at the highest rate between 2016 and
2022
The market for the water and wastewater
industry is expected to grow at the highest rate between 2016 and 2022. Water
level monitoring sensors, AC drives, and controllers are crucial components of
a water treatment system and industrial Ethernet is used to integrate and
communicate between these devices. All these factors are expected to boost the
growth of industrial Ethernet in the water and wastewater industry during the
forecast period.
The market for PROFINET protocol
is expected to grow at the highest rate between 2016 and 2022
The market for PROFINET protocol is expected
to grow at the highest rate. PROFINET is an industry standard referred for
industrial Ethernet. PROFINET is designed for collecting and transferring data
under tight time constraints. PROFINET also offers a real-time solution and an
isochronous real-time (IRT) system. PROFINET is the most popular automation
network currently available. It assists automotive manufacturers in their
production operations by sending and transmitting data quickly through
manufacturing devices. With this technology, TCP/IP layers are bypassed, which
allows the system to be more deterministic, sending the data at a speed between
1ms and 10ms.
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APAC held the largest share of
the industrial Ethernet market in 2015
APAC held the largest share of the industrial
Ethernet market in 2015. One of the main reasons for the large share of APAC in
this market is the growing industrialization in this region. China is the major
market for industrial Ethernet in the APAC region.
The companies that are profiled in this
report are Siemens AG (Germany), ABB Ltd. (Switzerland), Rockwell Automation
(U.S.), Schneider Electric (France), Beckhoff Automation (Germany), Moxa Inc.
(Taiwan), Cisco Systems, Inc. (U.S.), B&R Automation (Austria), Belden Inc.
(U.S.), and Innovasic, Inc. (U.S.).
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