The analysts forecast the global industrial ethernet market to grow at a CAGR of 15.92% during the period 2018-2022.
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.
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.
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.
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.
The market is divided into the following segments based on geography:
- Rockwell Automation
- Schneider Electric
Key Topics Covered:
1: Executive Summary
2: Scope Of The Report
3: Research Methodology
4: Market Landscape
5: Market Sizing
6: Five Forces Analysis
7: Market Segmentation By Technology
8: Customer Landscape
9: Regional Landscape
10: Decision Framework
11: Drivers And Challenges
12: Market Trends
13: Vendor Landscape
14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/385z87/global_industrial?w=4