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

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

Industrial automation engineers have created industrial Ethernet switches by adapting Ethernet to accommodate the stringent, deterministic-network requirements of manufacturing automation environments and industrial networking solutions.

Market Overview:

The latest research study on the global Industrial Ethernet Switch market finds that the global Industrial Ethernet Switch market reached a value of USD 2848.44 million in 2022. It’s expected that the market will achieve USD 4284.34 million by 2028, exhibiting a CAGR of 7.04% during the forecast period.

Market Drivers

Automation is the mainstream trend of the global industrial manufacturing industry, and the market of a series of automation equipment industries is expanding rapidly. A complete automated production line includes PLC, system control software, industrial robots, etc., and all these components need to be connected by industrial Ethernet to form a unified whole. Industrial Ethernet is an efficient local area network, which is an important part of modern industrial automation production system. Whether it is sensor data transmission, production equipment control, etc., these all need Ethernet to form a basic control network.
Nowadays, Ethernet has become a short-distance two-layer computer network with the highest penetration rate and the highest efficiency. The core component of Ethernet is Ethernet switch, which is equivalent to human brain, connecting and controlling all parts of the body. In industrial production management, Industrial Ethernet Switch is the best helper to improve production and work efficiency.
The popularization and application of industrial Ethernet will promote the development of Industrial Ethernet Switch industry in the following two aspects:
The popularization and application of industrial Ethernet will promote the demand of networking products. Fieldbus was the mainstream technology in the industrial field in the early days, and IT was widely used in industrial nodes. However, the physical interface, transmission media and transmission protocol could not be seamlessly integrated with enterprise IT network and cloud Internet. Under the background of industrial Internet application promotion and enterprise going to the cloud, the demand for connection between field devices and between field devices and industrial Ethernet is increasing rapidly, and the demand for equipment networking products is also increasing.
The popularization and application of industrial Ethernet will promote the further application and deployment of products supporting Ethernet technology. Industrial Ethernet has the advantages of excellent communication quality, openness and compatibility, and it can realize efficient data transmission. Under the background of industrial Ethernet popularization and application, the demand for Industrial Ethernet Switch and other products has increased.

Market Challenges

After the outbreak of novel coronavirus, countries around the world issued policies to prevent and control the epidemic according to the national deployment. The epidemic affected a wide range, and the production, operation and consumer markets of various industries were affected. Suppliers, customers and other stakeholders are also affected to varying degrees, which leads to delays in procurement, production and sales, which has a certain impact on the company's operations in the industry. If the novel coronavirus outbreak breaks out again or becomes normal, it will have a certain impact on the overall production and operation of the company and the industry.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview

The top three companies are Cisco, Siemens, Belden (Hirschmann) with the revenue market share of 35.65%, 7.95%, 6.08% in 2021.

Cisco

The company's core development areas of routing and switching, as well as in advanced technologies such as home networking, IP telephony, optical networking, security, storage area networking, and wireless technology. In addition to its products, Cisco provides a broad range of service offerings, including technical support and advanced services.

Siemens

Siemens is a global innovator focusing on digitalization, electrification and automation for the process and manufacturing industries, and is a leader in power generation and distribution, intelligent infrastructure, and distributed energy systems.

Segmentation Overview:

Among different product types, 16 Ports segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Manufacturing segment occupied the biggest share from 2017 to 2022.

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

Rockwell Automation
HARTING Technology
Weidmüller
Belden (Hirschmann)
Siemens
HP
Wago
Juniper
Cisco
Moxa
Brocade

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

4 Ports
6 Ports
8 Ports
16 Ports
24 Ports
Others

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

Manufacturing
Aerospace & Defense
Electric and Power
Oil & Gas
Automotive & Transportation
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)