As per this study the Global Industrial Ethernet Market was valued USD 25.5 BN (by revenue) in 2017 and is anticipated to reach USD 67.8 BN by 2024 with a CAGR of 15%.
 
Industrial Ethernet refers to use of networking solution for industrial purpose. It uses specialized protocols along with the Ethernet to improve determinism and provide real-time data. It offers data from range 10 Mbps to 1Gbps.  Advantages associated with industrial Ethernet are increased speed over wide distance, better interoperability, high flexibility, etc.
 
Objectives of the Study:

• Define and measure the global industrial ethernet market
• Revenue forecast of the global industrial ethernet market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
Rising adoption of IoT in industrial application to enhance production process and logistics is driving the market growth. Advantages such as better bandwidth, interoperability, easy scalability and relatively cost effective are again fueling the market growth. Also, increased demand for cloud services coupled with enhancement in data centers is pushing the market uphill.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of industrial ethernet.
 
Market Segmentation
 
The broad industrial ethernet market has been sub-grouped into protocol type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Protocol Type

• Ethernet/IP
• PROFINET
• EtherNET
• Modbus TCP
• POWERLINK
• Sercos III
• CC link IE

 
By Application

• Automotive
• Electrical & Electronics
• Aerospace & Defense
• Oil & Gas
• Water & Wastewater
• Food & Beverage
• Pharmaceutical
• Engineering/Fabrication
• Others

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for industrial ethernet in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Industrial Ethernet Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the industrial ethernet market include Honeywell International, Rockwell Automation, Schneider Electric SE, Siemens AG and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.