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The Asia Pacific Industrial Ethernet Market would witness market growth of 7.3% CAGR during the forecast period (2021-2027). Ethernet refers to a computer networking technology generally utilized for local area networks (LAN) and is standardized as IEEE 802.3.
Industrial Ethernet is considered the utilization of conventional Ethernet standards in an industrial environment for real-time monitoring and process control. In order to achieve this, several protocols like CC-Link IE, EtherCAT, Powerlink, Ethernet TCP/IP, Modbus TCP/IP, Gigabit Wi-Fi, and Ethernet/IP are utilized for industrial Ethernet. These industrial protocols can be incorporated with higher temperature switches and rugged connectors for the purpose of real-time processing and automation in an industrial environment.
The demand for industrial Ethernet is boosted by the substitution of field buses with industrial Ethernet as the primary networking technology in the automation domain. Higher bandwidth, easy scalability, and cost-efficiency are some of the prime benefits of Industrial Ethernet. Unlike Fieldbus, industrial Ethernet can also combine various networks and infrastructure, hence helping it to become a cost-efficient automation platform. Fieldbuses are increasingly substituted by the PROFINET and Modbus TCP in numerous factories. Moreover, the growing demand for cloud services is also altering data center infrastructure, developing requirements for higher bandwidth cables. This is the major catalyst for the growth of the industrial Ethernet market.
The growth of the regional market would be boosted by the increasing adoption of industrial revolution 4.0 in the region. The reduction in the number of COVID-19 infected patients in China is gradually reviving the manufacturing activities in the country. This, as a result, would boost the development of the industrial Ethernet market in the region. Though, it is expected that this growth will not be as significant as it was anticipated in the pre-COVID-19 scenario.
The China market dominated the Asia Pacific PROFINET Industrial Ethernet Market by Country 2020, growing at a CAGR of 6.7 % during the forecast period. The Japan market is showcasing a CAGR of 8.1% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 9.3% during (2021 - 2027).
Based on Offering, the market is segmented into Hardware, Software and Services. Based on Protocol, the market is segmented into EtherNet/IP, EtherCAT, PROFINET, POWERLINK and Others. Based on Industry, the market is segmented into Automotive & Transportation, Electrical & Electronics, Pharmaceutical & Medical Devices, Aerospace & Defense, Energy & Power, Oil & Gas, Food & Beverages and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Siemens AG, Rockwell Automation, Inc., Cisco Systems, Inc., Omron Corporation, Sick AG, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Schneider Electric SE, IFM Electronics GmbH, ABB Group, and Belden, Inc.
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