DUBLIN--(BUSINESS WIRE)--The "Industrial Ethernet Switches - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Industrial Ethernet Switches Market is expected to grow at a CAGR of 12.4% during the forecast period.
Reduction of business downtime, increasing preference for managed switches with the rising implementation of IIoT and growing demand for Ethernet IP to Process Field Bus (PROFIBUS) linking devices are some of the key driving factors for the market growth. The emergence of Power over Ethernet (PoE) switches will be a key trend for market growth.
However, high initial installment cost of switches and expansion in implementation of WLAN solutions are some of the factors hindering the market growth.
By End-User, electric & power segment seized a major share of the global industrial ethernet market due to the large-scale acceptance of network management devices such as switches, routers, hubs, and power supply devices. As these devices guarantee effectual implementation, supervision and security of the system, their demand has knowledgeable increase over the forecasted period.
By geography, North America is anticipated to dominate the market due to the automation installations in industrial Ethernet functions on the control end, to utilize the system in the devices fixed on the grid and established infrastructure.
The Asia Pacific Industrial Ethernet market growth is mainly driven by continuous industrialization and need to automate the manufacturing process.
Companies Mentioned
- Schneider Electric
- General Electric
- Rockwell Automation
- Siemens AG
- Cisco Systems, Inc.
- IBM
- ABB
- Beckhoff Automation
- Hitachi, Ltd.
- Arista Networks
- Huawei
- Belden Incorporated
- Juniper Networks, Inc.
- IDEC Corporation
- Check Point
For more information about this report visit https://www.researchandmarkets.com/research/4gxcds/industrial?w=4
