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The latest report by Technavio, an international market research institution, revealed that from 2021 to 2025, the global industrial Ethernet cable market has the potential to grow by $1.
17 billion, and the market growth momentum will accelerate
at a compound annual growth rate of 16.
34%.
The growing Industrial Ethernet is significantly driving the growth of the Industrial Ethernet Cables market, although factors such as the growing preference for wireless communication may hamper the market growth
.
However, industrial Ethernet cables offer many advantages, such as advances
in bandwidth, speed, and reliability.
Industrial Ethernet cables enable companies to closely connect internal data networks to the factory floor, improving the efficiency of their operations
.
The emergence of single-pair Ethernet cabling is a key trend that will positively
influence the growth of the market.
The growing popularity of the Internet of Things, the growing interest in automation, and the need for cost-effective power and connectivity for billions of devices have led to a high demand
for single-pair Ethernet cabling.
55% of the market growth will come from Asia Pacific
during the forecast period.
China and Japan are the major markets
for industrial Ethernet cables in the Asia-Pacific region.
The market growth in Asia Pacific will be faster than that in other regions
.
The growing demand for consumer electronics and automotive will boost the growth of the industrial Ethernet cable market in Asia Pacific during the forecast period
Industrial Ethernet cables market share growth in discrete industry segments will continue to lead
during the forecast period.
Factors such as continued exploration of new oil and gas fields and refineries and expansion of onshore and offshore production activities are expected to drive the market
during the forecast period.
The latest report by Technavio, an international market research institution, revealed that from 2021 to 2025, the global industrial Ethernet cable market has the potential to grow by $1.
17 billion, and the market growth momentum will accelerate
at a compound annual growth rate of 16.
34%.
The growing Industrial Ethernet is significantly driving the growth of the Industrial Ethernet Cables market, although factors such as the growing preference for wireless communication may hamper the market growth
.
However, industrial Ethernet cables offer many advantages, such as advances
in bandwidth, speed, and reliability.
Industrial Ethernet cables enable companies to closely connect internal data networks to the factory floor, improving the efficiency of their operations
.
The emergence of single-pair Ethernet cabling is a key trend that will positively
influence the growth of the market.
The growing popularity of the Internet of Things, the growing interest in automation, and the need for cost-effective power and connectivity for billions of devices have led to a high demand
for single-pair Ethernet cabling.
55% of the market growth will come from Asia Pacific
during the forecast period.
China and Japan are the major markets
for industrial Ethernet cables in the Asia-Pacific region.
The market growth in Asia Pacific will be faster than that in other regions
.
The growing demand for consumer electronics and automotive will boost the growth of the industrial Ethernet cable market in Asia Pacific during the forecast period
Industrial Ethernet cables market share growth in discrete industry segments will continue to lead
during the forecast period.
Factors such as continued exploration of new oil and gas fields and refineries and expansion of onshore and offshore production activities are expected to drive the market
during the forecast period.
