Industrial Ethernet/ IP Market is expected to grow at a CAGR of 19.8% and to reach $84.98 billion by 2023
Global Industrial Ethernet/IP Market Report, Is a Proficient and Detail Research on Latest Technological Advancements with Market Share Analysis of The Top Players In this Industry. This Report Provides Strategic Recommendations in Key Business Segments Based on the Industrial Ethernet/IP Market Estimations along with Growth Factors and Investment Opportunities Worldwide.
The global Industrial Ethernet/ IP Market is accounted for $23.98 billion in 2016 and expected to grow at a CAGR of 19.8% to reach $84.98 billion by 2023.
Factors such as flexibility and high-speed performance, implementation of IIoT, and increased penetration of ethernet networks in process industries are driving the market growth. However, need for high network security, difficulty in transferring old systems to a new protocol and rigid standardization of protocols are restraining the market growth.
Asia Pacific is the largest market due to the huge demand for consumer electronics and automobiles from countries such as China, India, Japan, and South Korea. Europe and North America are anticipated to represent strong potential in automotive and electronics due to advanced technology. The US market is dominated by the CIP networks where EtherNet/IP is overtaking DeviceNet.
Key Players Leading Industrial Ethernet/IP market: Siemens AG, Rockwell Automation, Moxa Inc., Cisco Systems, Inc., Belden Inc. (Hirschmann), Beckhoff Automation, ABB Ltd., Schneider Electric Se, B&R Automation, Innovasic Inc And More.
Geographically, Industrial Ethernet/IP market report studies in Global market, especially in North America(US, Canada, Mexico), Europe(Germany, France, Italy, UK , Spain , Rest of Europe), Asia-Pacific(Japan , China , India , Australia , New Zealand),and Rest of the World(Middle East, Brazil, Argentina, South Africa, Egypt)
Products Covered in this Report are: Ethernet/IP , CC-Link IE , EtherCAT, Modbus-TCP , Powerlink , Sercos III And More.
Applications Covered in this Report are: Aerospace and Defense, Automotive, Electrical and Electronics, Engineering/Fabrication , Food and Beverages And More.
Important Topics Stated In Table of Contents of Industrial Ethernet/IP Market Research Report are: Stake Holders Research Approach and Sources, Industrial Ethernet/IP Market Growth And Demand Growth Rate, Profit Market of Industrial Ethernet/IP Industry, Porters Five Force Analysis, Market Competitive rivalry, Market Agreements, Partnerships, Collaborations and Joint Ventures, Key Strategies, Acquisitions & Mergers, New Product Launch and Expansions, Company Profiling, By Geography and By End User, End User Analysis, Emerging Markets and Futuristic Market Scenario and continued.
In a word, Industrial Ethernet/IP Market report is a Professional and In-depth study on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the this market.