The Latest Industrial Ethernet Industry Statistics Explained
Industrial Ethernet market size is expected to reach USD 72.38 billion by 2028.
The statistic states that the size of the Industrial Ethernet market is projected to grow and reach a value of USD 72.38 billion by the year 2028. This growth implies an increasing demand for Industrial Ethernet solutions within various industries such as manufacturing, oil and gas, transportation, and utilities. Factors driving this growth may include the need for faster and more reliable communication networks in industrial settings, the rise of industrial automation and the Internet of Things (IoT), as well as advancements in networking technologies. Companies providing Industrial Ethernet products and services are likely to benefit from this expanding market opportunity as industries continue to prioritize efficiency, connectivity, and digital transformation in their operations.
A study in 2020 found an annual growth rate of roughly 7% in the industrial Ethernet market.
The statistic states that in 2020, the industrial Ethernet market experienced an annual growth rate of approximately 7%. This indicates that the market for Ethernet technology used in industrial applications, such as manufacturing, automation, and industrial control systems, expanded by 7% from the previous year. A growth rate of 7% suggests a healthy and positive trend in market development, with demand for industrial Ethernet products and services increasing at a steady pace. Such growth may be indicative of advancements in industrial technology, digitization efforts in manufacturing sectors, or increasing adoption of automation solutions, driving the expansion of the industrial Ethernet market in 2020.
43% of companies reported using Profinet as their industrial Ethernet protocol in 2020.
The statistic indicates that in 2020, 43% of companies surveyed reported utilizing Profinet as their chosen industrial Ethernet protocol. This suggests that Profinet is a relatively popular choice among businesses for enabling communication and data exchange within industrial automation systems. The percentage provides insight into the prevalence and adoption rate of Profinet within the industrial sector, highlighting its significance as a preferred protocol for facilitating reliable and efficient networking capabilities in manufacturing and automation environments.
The leading players in the Industrial Ethernet market include Belden, Cisco, Rockwell, Siemens, and Huawei as of 2019.
The statistic provided highlights the key players in the Industrial Ethernet market as of 2019, namely Belden, Cisco, Rockwell, Siemens, and Huawei. This suggests that these companies are prominent and influential in the market for Ethernet solutions designed for industrial applications. The selection of these companies indicates their strong market presence, technological advancements, and likely market share within the Industrial Ethernet sector. Their presence in this market space suggests that they have the resources, expertise, and infrastructure to compete and potentially dominate the market, making them essential to consider for businesses and stakeholders operating in this industry.
North America accounted for the largest share of over 30% of the Industrial Ethernet market in 2016.
The statistic indicates that in 2016, North America represented more than 30% of the total market share for Industrial Ethernet technology. This suggests that North America had the highest market penetration and adoption of Industrial Ethernet solutions compared to other regions globally during that specific year. The significant share attributed to North America indicates a strong presence and demand for Industrial Ethernet technology in industries such as manufacturing, automation, and energy within the region. It suggests that North America was a key player and a major contributor to the growth of the Industrial Ethernet market in 2016.
Asia Pacific is expected to be the fastest growing region for the industrial Ethernet market in the forecast period 2021-2028.
The statement indicates that the Asia Pacific region is projected to experience the highest growth rate in the industrial Ethernet market between the years 2021 and 2028. This growth suggests increasing adoption and integration of Ethernet technology within industrial sectors across countries in the Asia Pacific region. Factors contributing to this rapid expansion could include rising industrialization, expanding manufacturing industries, infrastructure development, and increasing investments in technological advancements. The forecast implies that businesses in Asia Pacific are likely to leverage industrial Ethernet solutions for enhanced automation, connectivity, and efficiency, driving the market growth in this region during the specified forecast period.
By 2021, the market value of industrial Ethernet cables in Europe was $570 million.
The statistic ‘By 2021, the market value of industrial Ethernet cables in Europe was $570 million’ indicates the total value of industrial Ethernet cables sold in Europe during the year 2021. This figure reflects the importance and widespread usage of Ethernet cables in industrial applications within the European market. The market value of $570 million serves as a key metric for assessing the size and growth of the industrial Ethernet cable market in Europe, providing insights into the demand for these products among various industries such as manufacturing, automation, and telecommunications. Analyzing this statistic can help businesses, policymakers, and industry experts understand market trends, make informed decisions, and develop strategies to capitalize on opportunities within the industrial cable sector in Europe.
The automation segment accounted for the highest market share in the Industrial Ethernet market in 2018.
The statistic indicates that within the Industrial Ethernet market in 2018, the automation segment had the largest proportion of market share compared to other segments. This suggests that the use of Ethernet technology for automation purposes, such as industrial control systems and machinery automation, was more prevalent and widespread in the industry during that time. The dominance of the automation segment in terms of market share highlights the significance and importance of Ethernet technology in enabling automation processes within industrial settings, showcasing its role in driving efficiency, productivity, and connectivity in the industry.
The use of industrial Ethernet in process industries was expected to grow at a 52% CAGR from 2017 to 2022.
The statistic indicates that the adoption of industrial Ethernet technology within process industries was projected to experience a Compound Annual Growth Rate (CAGR) of 52% between the years 2017 and 2022. This significant growth rate suggests a rapid increase in the implementation of Ethernet-based networking solutions across various sectors of the process industries, such as manufacturing, oil and gas, pharmaceuticals, and utilities. The trend highlights the industry’s recognition of the benefits of industrial Ethernet, including improved connectivity, data sharing, efficiency, and productivity. This upward trajectory reflects the ongoing digital transformation within process industries as they increasingly leverage advanced networking technologies to enhance operations and remain competitive in the evolving marketplace.
Ethernet/IP is the most widely used protocol with 30% adoption rate in European and American factories.
The statistic indicates that Ethernet/IP is the most commonly utilized protocol in European and American factories, with a adoption rate of 30%. This means that nearly one-third of factories in these regions use Ethernet/IP as their primary communication protocol for industrial automation and networking. This high adoption rate suggests that Ethernet/IP is well-established and widely accepted within the manufacturing industry, likely due to its efficiency, reliability, and interoperability features. With such a significant presence in factories, Ethernet/IP plays a crucial role in facilitating seamless communication and data exchange among various industrial devices and systems in these regions.
CAT 6A cables are projected to grow at more than 20% CAGR in the industrial Ethernet cable market from 2020 to 2026.
The statement suggests that Category 6A (CAT 6A) cables are expected to experience significant growth in the industrial Ethernet cable market over the period from 2020 to 2026. Specifically, the Compound Annual Growth Rate (CAGR) for CAT 6A cables in this market is forecasted to be more than 20%. This statistic indicates a strong upward trend in the demand for CAT 6A cables, likely driven by factors such as increasing adoption of industrial automation, higher data transfer speeds, and the need for reliable and high-performance network connectivity in industrial settings. Overall, the projection highlights the anticipated growth and market potential for CAT 6A cables in the industrial Ethernet sector over the specified time frame.
Oil & Gas sector is expected to register a market share of over 15% by 2026 in the industrial Ethernet market.
The statistic that the Oil & Gas sector is expected to register a market share of over 15% by 2026 in the industrial Ethernet market signifies a significant growth projection for the industry within the specified timeframe. This suggests that the Oil & Gas sector is anticipated to expand its utilization of industrial Ethernet technology in their operations, potentially driven by the increasing digitalization and automation trends within the industry. A market share exceeding 15% indicates that the sector is poised to become a substantial player within the industrial Ethernet market, highlighting the sector’s recognition of the benefits and efficiencies that Ethernet technology can offer in their processes and infrastructure.
More than 220 companies have adopted Industrial Ethernet for their control systems by 2021.
The statistic indicating that more than 220 companies have adopted Industrial Ethernet for their control systems by 2021 suggests a growing trend in the industrial sector towards utilizing Ethernet technology for their control systems. Industrial Ethernet offers advantages such as high-speed data transmission, increased reliability, and seamless integration with existing IT infrastructure. The adoption of Industrial Ethernet by over 220 companies signifies a shift towards modernizing and optimizing control systems, enhancing operational efficiency, and potentially reducing downtime in industrial processes. This statistic highlights the increasing importance of reliable and efficient communication networks in industrial settings, reflecting a broader industry-wide movement towards digitalization and automation to stay competitive in the modern era.
The Industrial Ethernet market in Latin America was projected to grow at a CAGR of 7.6% from 2020 to 2025.
This statistic indicates that the Industrial Ethernet market in Latin America is expected to experience a Compound Annual Growth Rate (CAGR) of 7.6% between the years 2020 and 2025. This growth rate reflects the anticipated increase in adoption and usage of Industrial Ethernet technology within various industries in the region during this period. A CAGR of 7.6% suggests that the market is set to expand steadily over the forecasted timeframe, signaling potential opportunities for businesses and investors operating in the Industrial Ethernet sector in Latin America.
The automotive sector witnessed over 36% share in 2019 in the Industrial Ethernet market.
The statistic “The automotive sector witnessed over 36% share in 2019 in the Industrial Ethernet market” indicates that within the Industrial Ethernet market in 2019, the automotive sector accounted for more than one-third of the total market share. This suggests that the automotive industry had a significant presence and influence within the Industrial Ethernet market during that year. This could be due to various factors such as the increasing integration of automation and connectivity technologies in automotive manufacturing processes, the growing adoption of Industrial Ethernet protocols in automotive systems, and the rising demand for networked communication solutions in the automotive sector.
The Industrial Ethernet market reached over 20 million nodes in 2019.
The statistic that the Industrial Ethernet market reached over 20 million nodes in 2019 indicates a significant milestone in the adoption and expansion of Ethernet technology within industrial settings. This number reflects the total count of connected devices, or nodes, that utilize Ethernet for communication and data transfer in sectors such as manufacturing, automation, and energy. The growth of Industrial Ethernet can be attributed to its perceived reliability, scalability, and compatibility with existing infrastructure, enabling industries to establish interconnected systems for improved efficiency and performance. This statistic underscores the increasing importance of Ethernet in industrial applications and suggests a continued trend towards the integration of digital technologies in the industrial sector.
The mining industry saw more than 25% share in the industrial Ethernet market growth in 2019.
This statistic indicates that the mining industry played a significant role in the overall growth of the industrial Ethernet market in 2019. More specifically, the mining industry contributed to over 25% of the total market growth during that year. This suggests that the mining sector adopted and implemented industrial Ethernet technologies at a significant rate, potentially driven by the need for improved connectivity, data management, and automation within mining operations. The strong growth in the mining industry’s share of the industrial Ethernet market highlights its increasing reliance on digital technologies to optimize processes, enhance productivity, and stay competitive in the evolving industrial landscape.
Profinet has a 16% market penetration in the US industrial Ethernet market as of 2021.
This statistic indicates that Profinet, a specific industrial Ethernet protocol, holds a market share of 16% within the US industrial Ethernet market as of the year 2021. Market penetration refers to the proportion of the total market that is captured by a specific product or service. In this case, Profinet has been adopted by 16% of industrial Ethernet users in the US, showcasing its popularity and usage within the industry. This statistic highlights the competitive position of Profinet compared to other industrial Ethernet protocols, indicating its relative success and acceptance among users in the US market.
The Global Industrial Ethernet market was valued at USD 24 billion in 2019.
The statistic “The Global Industrial Ethernet market was valued at USD 24 billion in 2019” indicates the total monetary worth of the Industrial Ethernet market worldwide in the year 2019. This value represents the sum of all transactions, sales, and revenue generated within the Industrial Ethernet sector during that specific year. It serves as a key metric for assessing the size and significance of the Industrial Ethernet market on a global scale, providing insights into the level of economic activity and growth within the industry during the specified time period.
In 2019, the wireless segment in the industrial Ethernet market accounted for a share of 20%.
This statistic suggests that in 2019, the wireless segment within the industrial Ethernet market held a sizeable 20% stake, indicating its significance and relevance within the industry. This share implies that one-fifth of the industrial Ethernet market’s connections or infrastructure were based on wireless technology during that year, highlighting the growing adoption and utilization of wireless solutions in industrial settings. The data suggests a shift towards wireless connectivity for industrial applications, possibly driven by factors such as increasing automation, the need for flexibility in industrial networks, or the benefits offered by wireless communication technologies in terms of scalability, mobility, and cost-effectiveness.
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