Global Industrial Ethernet Cables Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Industrial Ethernet Cables Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Ethernet allows computers to connect over one network—without it, communication between devices in today’s modern world would not be possible. Ethernet is the global standard for a system of wires and cables to conjoin multiple computers, devices, machines, etc., over an organization’s single network so that all the computers can communicate with one another. Ethernet began as a single cable, making it possible for multiple devices to be connected on one network. Now, an Ethernet network can be expanded to new devices as needed. Ethernet is now the most popular and widely used network technology in the world. Industrial Ethernet cables are designed for industrial applications. Industrial environments are characterized by challenging conditions, such as extreme temperatures, humidity, vibrations, and electromagnetic interference.

Market Overview:

The latest research study on the global Industrial Ethernet Cables market finds that the global Industrial Ethernet Cables market reached a value of USD 1534.56 million in 2022. It’s expected that the market will achieve USD 1950.12 million by 2028, exhibiting a CAGR of 4.07% during the forecast period.

The production and sales of Industrial Ethernet Cables are affected by Covid-19

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.
For the Industrial Ethernet Cables industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.
But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

The convenience of Internet and the development of e-commerce

With the rapid development of e-commerce industry, many industries have developed the synchronous operation mode of online websites and offline stores, and Industrial Ethernet Cables industry have joined in. Online sales websites reduce many business components, including employees, procurement costs, telephone calls, data input, and requirements for opening physical stores, thus reducing transaction costs; Business management becomes easier: compared with traditional physical store management, online sales websites are easier to record store inventory, transportation, logs and overall business transactions. Online sales website also provides real-time update function, which can explore all the latest business trends, communicate with customers in time, solve problems and improve customer satisfaction. Many dealers choose to receive goods online, and orders can be tracked and managed online. The convenience of Internet and the development of e-commerce have promoted the demand growth of Industrial Ethernet Cables industry.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Industrial Ethernet Cables industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Region Overview:

In 2022, the share of the Industrial Ethernet Cables market in Asia Pacific stood at 42.59%.

Company Overview:

Prysmian is one of the major players operating in the Industrial Ethernet Cables market, holding a share of 16.2% in 2023.

Prysmian

For more than 140 years, Prysmian has been leading the industry of high-technology cables & systems for energy and telecommunications. Spanning 50 countries (in North America, Europe, MEAT, LATAM, APAC), 104 plants, 25 research and development centers, and with about 28,000 employees, Prysmian have a strategic footprint that allows to service emerging markets and communities across the globe with ease.

Belden

For more than 100 years, Belden has been a leader in the design and manufacturing of insulated wire, cable and related products. Since then, Belden has transformed itself from a cable company to a signal transmission solutions provider with a complete product portfolio including cable, connectivity and networking products.

Segmentation Overview:

By type, Copper Cables segment accounted for the largest share of market in 2022.

Copper Cables

Copper Cables is made of copper wires. It can be used with less insulation, which allows greater flexibility with set-up.

Fiber Optic Cables

A fiber optic cable contains anywhere from a few to hundreds of optical fibers within a plastic casing. They transfer data signals in the form of light.

Application Overview:

The market's largest segment by application is the segment PROFINET, with a market share of 22.33% in 2022.

Key Companies in the global Industrial Ethernet Cables market covered in Chapter 3:

Nexans
Siemon
Premium-Line Systems
Gore
Schneider Electric
Rockwell Automation
L-com (Infinite)
GG Group
Panduit
SAB Brockskes
Weidmüller
Belden
Prysmian
Hitachi Cable
HELUKABEL

In Chapter 4 and Chapter 14.2, on the basis of types, the Industrial Ethernet Cables market from 2018 to 2029 is primarily split into:

Copper Cables
Fiber Optic Cables

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Industrial Ethernet Cables market from 2018 to 2029 covers:

EtherNet/IP
PROFINET
EtherCAT
Powerlink
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)