Technavio, a tech-focused market research firm, has published a new report on the global unmanaged industrial Ethernet switches market, which is expected to grow at a CAGR of close to 6% during the forecast period 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global unmanaged industrial Ethernet switches market into the following key regions: the Americas, APAC, and EMEA.
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Unmanaged industrial Ethernet switches market in EMEA: The adoption of Ethernet in Europe is expected to increase with the rise in demand for intelligent communications. The growth in demand for intelligent communications is due to the ongoing trends such as Industry 4.0. Industrial communication standards, especially PROFINET, is strong in Germany. The automotive initiative of the German automotive industry, such as AIDA Group, wants their OEMs to deliver PROFINET-enabled systems. Volkswagen, BMW, Audi, Daimler, and Porsche are members of this group.
According to Bharath Kanniappan, an industry expert at Technavio, specializing in research on automation, “Regarding regions, it is expected that the unmanaged industrial Ethernet switches market in MEA will grow the fastest in terms of revenue. The growth can be attributed to the government’s initiatives in MEA to increase investment in industrial networking infrastructure to support the domestic development and attract foreign direct investment.”
Unmanaged industrial Ethernet switches market in the Americas: The major vendors such as Rockwell Automation and Schneider Electric contributed a large share to the unmanaged Ethernet switches business in the North America. The US Council for Automotive Research endorses Ethernet as the standard for shopfloor networking in automotive assembly plants. The US is home to major automobile manufacturers, and these companies force their OEMs to supply products that conform to the Ethernet/IP specifications of Open DeviceNet Vendors Association (ODVA). All such developments are likely to fuel growth in the Ethernet switch market in the Americas during the forecast period.
Unmanaged industrial Ethernet switches market in APAC: OMRON, in partnership with Rockwell Automation is driving the sales of the unmanaged switch and other hardware products of industrial Ethernet into the Asian market. Countries like Thailand, Singapore, the Philippines, and Japan are deploying smart grids to build efficient and reliable power grid and to reduce carbon footprint. These factors may increase the adoption of unmanaged Ethernet switches in APAC during the forecast period.
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The top vendors operating in the global unmanaged industrial Ethernet switches market are:
- Beckhoff Automation
- Cisco
- Rockwell Automation
- Schneider Electric
- Siemens
Other prominent vendors in the market include BB, B&R Automation, Belden, Bosch Rexroth, Eaton, Endress+Hauser, GE, Honeywell International, Hitachi, IDEC, OMRON, and Parker Hannifin.
A more detailed analysis is available in the Technavio market research report titled, ‘Global Unmanaged Industrial Ethernet Switches Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Industrial Ethernet Cables Market 2016-2020
- Global Gigabit Ethernet Camera Market 2016-2020
- Global Industrial Communication Market 2017-2021
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