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Industrial Ethernet Global Market Report 2022: Ukraine-Russia War Impact

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    Report

  • 175 Pages
  • December 2022
  • Region: Global
  • The Business Research Company
  • ID: 5709802
Major players in the industrial ethernet market are Cisco Systems Inc, Siemens AG, Rockwell Automation, Beckhoff Automation, Moxa Inc, Belden Inc, Huawei Technologies Co Ltd, ABB Ltd, Schneider Electric SE, ACS Motion Control, Physik Instrumente GmbH, IFM Electronics GmbH, Analog Devices Inc, Yokogawa Electric Corporation, Eaton Corporation, Robert Bosch GmbH , Bosch Rexroth AG, Honeywell International Inc, Advantech, B&R Automation, General Electric, Weidmuller, Arista Networks, and Mitsubishi Electric.

The global industrial ethernet market is expected to grow from $24.30 billion in 2021 to $27.99 billion in 2022 at a compound annual growth rate (CAGR) of 15.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The industrial ethernet market is expected to reach $47.59 billion in 2026 at a CAGR of 14.2%.

The industrial ethernet (IE) market consists of revenues earned by entities by providing IE services such as internet communication services, device network services, network, and security control. The market value includes the value of related goods sold by the service provider or included within the service offering. The industrial ethernet market also includes sales of programmable logic controller (PLCs), local and distributed input/output, servo controllers and drives which are used in providing IE services. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Industrial Ethernet (IE) is the application of ethernet in an industrial setting using deterministic and real-time control methods. It is built on ordinary ethernet hardware and internet protocols, with a proprietary application layer added on top. This application layer protocol ensures that the correct data is provided and received when and where it is required for a particular operation.

Asia-Pacific was the largest region in the industrial ethernet market in 2021. The regions covered in the industrial ethernet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The main offerings of industrial ethernet are hardware, software, and services. The hardware comprises a recording device, a CPU, a transmitter, a receiver. Hardware refers to any of the physical components of a computer, whether analogue or digital. These components relate to industrial automation and used for various communication services. It uses different protocols such as ethercat, ethernet/IP, profinet, powerlink, sercos III, CC-link IE, that are applied in oil and gas, aerospace and defense, energy and power, electrical and electronics, automotive and transport, chemicals, and others.

The growing popularity of smart automobiles is expected to propel the growth of the industrial ethernet market going forward. The smart automobile is a technique that links directly to the vehicle's electronic control module to record, track, and manage multiple automobile control subsystems. Industrial ethernet is a reliable and significantly faster networking protocol that powers smart automotive technologies such as self-driving cars, vehicle-to-everything communication, advanced driver-assistance system (ADAS), infotainment systems, and others within the automobile industry. For instance, in April 2022, European Patent Office (EPO), a Germany-based administrative council, stated in their Patent Index 2021 that patent applications for two smart automobile technologies, such as hybrid drive control and electric propulsion, are increasing. In comparison to 2020, the hybrid drive control grew by 22.8% in 2021, and electric propulsion has increased by 15.1% since 2020. Therefore, the growing popularity of smart automobiles will drive the industrial ethernet market.

Technological advancement is a key trend gaining popularity in the industrial ethernet market. Major companies operating in the industrial ethernet sector are focused on innovative products to sustain their position. For instance, Westermo Network Technologies, a Sweden-based designer, and manufacturer of industrial data communications products, launched a next-generation industrial ethernet switch platform. This newly developed and advanced ethernet switch platform is suited for handling big data and industrial internet of things (IIoT) applications. The platform uses latest generation WeOS operating system that powers the new switch platform by maximizing the capability of the new hardware. It combines hardware, software, and network design support to provide improved capabilities, lower the total cost of ownership, and create dependable networks across a broader range of sectors.

In October 2019, Nidec Corporation, a Japan-based manufacturer, and distributor of electric motors, acquired OMRON Corporation for an undisclosed amount. The acquisition will allow the company to develop new module and system products by merging Nidec Group's motors, pumps, gearboxes, and other components with OMRON Automotive Electronics' products, such as electronic control units (ECUs) and other electronics. OMRON Automotive Electronics co. Ltd is a Japan-based manufacturer and provider of industrial ethernet products and other related components.

The countries covered in the industrial ethernet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The industrial ethernet market research report is one of a series of new reports that provides industrial ethernet market statistics, including industrial ethernet industry global market size, regional shares, competitors with a industrial ethernet market share, detailed industrial ethernet market segments, market trends and opportunities, and any further data you may need to thrive in the industrial ethernet industry. This industrial ethernet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.




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Frequently Asked Questions about the Global Industrial Ethernet Market

What is the estimated value of the Global Industrial Ethernet Market?

The Global Industrial Ethernet Market was estimated to be valued at $27.99 billion in 2022.

What is the growth rate of the Global Industrial Ethernet Market?

The growth rate of the Global Industrial Ethernet Market is 14.2%, with an estimated value of $47.59 billion by 2026.

What is the forecasted size of the Global Industrial Ethernet Market?

The Global Industrial Ethernet Market is estimated to be worth $47.59 billion by 2026.

Who are the key companies in the Global Industrial Ethernet Market?

Key companies in the Global Industrial Ethernet Market include Cisco Systems Inc., Siemens AG, Rockwell Automation, Beckhoff Automation, Moxa Inc., Belden Inc., Huawei Technologies Co. Ltd., ABB Ltd. and ACS Motion Control.

Table of Contents

1. Executive Summary2. Industrial Ethernet Market Characteristics3. Industrial Ethernet Market Trends And Strategies
4. Industrial Ethernet Market - Macro Economic Scenario
4.1. COVID-19 Impact On Industrial Ethernet Market
4.2. Ukraine-Russia War Impact On Industrial Ethernet Market
4.3. Impact Of High Inflation On Industrial Ethernet Market
5. Industrial Ethernet Market Size And Growth
5.1. Global Industrial Ethernet Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Industrial Ethernet Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Industrial Ethernet Market Segmentation
6.1. Global Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hardware
  • Software
  • Services
6.2. Global Industrial Ethernet Market, Segmentation By Protocol, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • EtherCAT
  • EtherNet/IP
  • Profinet
  • Powerlink
  • Sercos III
  • CC-Link IE
  • Other Protocols
6.3. Global Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Oil and Gas
  • Aerospace and Defense
  • Energy and Power
  • Electrical and Electronics
  • Automotive and Transport
  • Chemicals
  • Others Applications
7. Industrial Ethernet Market Regional And Country Analysis
7.1. Global Industrial Ethernet Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Industrial Ethernet Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Industrial Ethernet Market
8.1. Asia-Pacific Industrial Ethernet Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Industrial Ethernet Market
9.1. China Industrial Ethernet Market Overview
9.2. China Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Industrial Ethernet Market
10.1. India Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Industrial Ethernet Market
11.1. Japan Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Industrial Ethernet Market
12.1. Australia Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Industrial Ethernet Market
13.1. Indonesia Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Industrial Ethernet Market
14.1. South Korea Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Industrial Ethernet Market
15.1. Western Europe Industrial Ethernet Market Overview
15.2. Western Europe Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Industrial Ethernet Market
16.1. UK Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Industrial Ethernet Market
17.1. Germany Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Industrial Ethernet Market
18.1. France Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Industrial Ethernet Market
19.1. Eastern Europe Industrial Ethernet Market Overview
19.2. Eastern Europe Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Industrial Ethernet Market
20.1. Russia Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Industrial Ethernet Market
21.1. North America Industrial Ethernet Market Overview
21.2. North America Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Industrial Ethernet Market
22.1. USA Industrial Ethernet Market Overview
22.2. USA Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Industrial Ethernet Market
23.1. South America Industrial Ethernet Market Overview
23.2. South America Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Industrial Ethernet Market
24.1. Brazil Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Industrial Ethernet Market
25.1. Middle East Industrial Ethernet Market Overview
25.2. Middle East Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Industrial Ethernet Market
26.1. Africa Industrial Ethernet Market Overview
26.2. Africa Industrial Ethernet Market, Segmentation By Offering, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Industrial Ethernet Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Industrial Ethernet Market Competitive Landscape And Company Profiles
27.1. Industrial Ethernet Market Competitive Landscape
27.2. Industrial Ethernet Market Company Profiles
27.2.1. Cisco Systems Inc
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Siemens AG
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Rockwell Automation
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Beckhoff Automation
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Moxa Inc
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Industrial Ethernet Market29. Industrial Ethernet Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. The Business Research Company
30.6. Copyright And Disclaimer

Executive Summary

Industrial Ethernet Global Market Report 2022: Ukraine-Russia War Impact provides the strategists, marketers and senior management with the critical information they need to assess the global industrial ethernet market.

This report focuses on industrial ethernet market which is experiencing strong growth. The report gives a guide to the industrial ethernet market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Assessment of Russia - War Impact on agriculture, energy and mineral commodities supply and their direct and indirect impact on the market analyzed in the report.
  • Impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the industrial ethernet? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Industrial Ethernet market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider industrial ethernet market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Our forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of covid 19 on supply chains and consumption patterns.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The industrial ethernet market section of the report gives context. It compares the industrial ethernet market with other segments of the industrial ethernet market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, industrial ethernet indicators comparison.

Scope

Markets Covered:

1) By Offering: Hardware; Software; Services
2) By Protocol: EtherCAT; EtherNet/IP; Profinet; Powerlink; Sercos III; CC-Link IE; Other Protocols
3) By Application: Oil and Gas; Aerospace and Defense; Energy and Power; Electrical and Electronics; Automotive and Transport; Chemicals; Others Applications

Companies Mentioned: Cisco Systems Inc.; Siemens AG; Rockwell Automation; Beckhoff Automation; Moxa Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Cisco Systems Inc.
  • Siemens AG
  • Rockwell Automation
  • Beckhoff Automation
  • Moxa Inc.
  • Belden Inc.
  • Huawei Technologies Co. Ltd.
  • ABB Ltd.
  • Schneider Electric SE
  • ACS Motion Control
  • Physik Instrumente GmbH
  • IFM Electronics GmbH
  • Analog Devices Inc.
  • Yokogawa Electric Corporation
  • Eaton Corporation
  • Robert Bosch GmbH
  • Bosch Rexroth AG
  • Honeywell International Inc.
  • Advantech
  • B&R Automation
  • General Electric
  • Weidmuller
  • Arista Networks
  • Mitsubishi Electric.

Methodology

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