About Industrial Ethernet
Industrial Ethernet is the use of Ethernet cable in industrial applications to provide real-time control over the network communication. It is used to connect devices such as programmable logic controllers (PLCs), local and distributed (input/output) 110, and servo controllers and drives on the plant floor and industrial facilities.
Technavio’s analysts forecast the global industrial ethernet market to grow at a CAGR of 15.92% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global industrial ethernet market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Industrial Ethernet Market 2018-2022
Technavio recognizes the following companies as the key players in the global industrial ethernet market: ABB, Hitachi, Nexans, Rockwell Automation, Schneider Electric, and Siemens.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is emergence of smart factories. The emergence of smart factories will drive the growth of the industrial ethernet market. Due to the growth of smart factories, manufacturers are shifting from traditional automation to a fully connected and flexible system.”
According to the report, one driver in the market is increasing number of smart grids. The growing implementation of smart grids in the power industry is complemented by the growing need for detection and reaction to local changes in use of power. Governments of China and North America are extensively converting traditional grids into smart grids.
Further, the report states that one challenge in the market is fluctuating raw materials price. Increasing demand for industrial cables and intense competition in the market have made it difficult for vendors to sustain in the market.
ABB, Hitachi, Nexans, Rockwell Automation, Schneider Electric, and Siemens.
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