DUBLIN–(BUSINESS WIRE)–Jun 22, 2018–The “Industrial Ethernet Switches – Global Market Outlook (2017-2026)” report has been added to ‘s offering.
The Global Industrial Ethernet Switches Market is expected to grow at a CAGR of 12.4% during the forecast period.
Reduction of business downtime, increasing preference for managed switches with the rising implementation of IIoT and growing demand for Ethernet IP to Process Field Bus (PROFIBUS) linking devices are some of the key driving factors for the market growth. The emergence of Power over Ethernet (PoE) switches will be a key trend for market growth.
However, high initial installment cost of switches and expansion in implementation of WLAN solutions are some of the factors hindering the market growth.
By End-User, electric & power segment seized a major share of the global industrial ethernet market due to the large-scale acceptance of network management devices such as switches, routers, hubs, and power supply devices. As these devices guarantee effectual implementation, supervision and security of the system, their demand has knowledgeable increase over the forecasted period.
By geography, North America is anticipated to dominate the market due to the automation installations in industrial Ethernet functions on the control end, to utilize the system in the devices fixed on the grid and established infrastructure.
The Asia Pacific Industrial Ethernet market growth is mainly driven by continuous industrialization and need to automate the manufacturing process.
Schneider ElectricGeneral ElectricRockwell AutomationSiemens AGCisco Systems, Inc.IBMABBBeckhoff AutomationHitachi, Ltd.Arista NetworksHuaweiBelden IncorporatedJuniper Networks, Inc.IDEC CorporationCheck Point
For more information about this report visit https://www.researchandmarkets.com/research/4gxcds/industrial?w=4
View source version on :https://www.businesswire.com/news/home/20180622005614/en/
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Related Topics:Networks,Networking Equipment
INDUSTRY KEYWORD: TECHNOLOGY HARDWARE NETWORKS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 06/22/2018 02:59 PM/DISC: 06/22/2018 02:59 PM