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:




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




Rockwell Automation


Other prominent vendors





Mitsubishi Electric




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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