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Industrial Ethernet/IP Market to Grow at A CAGR of 16.51% During the Period 2017-2021

Press Release   •   Aug 01, 2017 07:12 EDT

The analysts forecast Global Industrial Ethernet/IP Market to grow at a CAGR of 16.51% during the period 2017-2021.Ethernet/IP is the most preferred Ethernet protocol for industrial automation, which supports the industrial connectivity, enabling fast decision making and cutting down on operating expenses. It is mainly used for high-level industrial systems and for adding many devices simultaneously to the network. The major components that are considered in the report are Ethernet switches, gateways, and routers.

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This report covers the present scenario and the growth prospects of the global industrial ethernet/IP market for 2017-2021. To calculate the market size, the report considers new installations, retrofit, replacement, and aftersales services.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

The report, Global Industrial Ethernet/IP Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Beckhoff

HMS

Moxa

Rockwell Automation

RTA

Other prominent vendors

Belden

CISCO

Huawei

Innovasic

Mitsubishi Electric

Molex

NetModule

UTTHUNGA

Market driver

Increased penetration of Ethernet networks in process industries

For a full, detailed list, view our report

Market challenge

Growing popularity of wireless technology

For a full, detailed list, view our report

Market trend

Increasing demand for automotive Ethernet

For a full, detailed list, view our report

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