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Technavio, an international market research institution, recently released a global industrial Ethernet cable market research report predicting that the market is expected to grow
at a compound annual growth rate of 17% from 2018 to 2022.
The emergence of single-pair Ethernet cabling will be one of the major trends in the global industrial Ethernet cable market during the
forecast period.
The growing popularity of the Internet of Things, the growing interest in automation, and the need for cost-effective power, connectivity, and security for billions of connected devices are changing the scope of
next-generation cable systems.
The ANSI/TIA and ISO/IEC network cable standards have always mandated single pair cables
in commercial and industrial facilities.
According to Technavio analysts, one of the key drivers of the global industrial Ethernet cable market is the growing
benefits of industrial Ethernet.
Ethernet is the fastest growing technology in the field of communication systems over the past decade and is considered the heart of
industrial networks.
The factors contributing to the growth of the global Industrial Ethernet market are the continuous advancements
in bandwidth, speed, and reliability.
Ethernet is capable of handling a variety of applications because many protocols can run
on it.
According to a senior research analyst at Technavio, "With Industrial Ethernet, manufacturers can standardize and integrate their different manufacturing network architectures
by using products from various equipment suppliers.
" Industrial Ethernet enables companies to take advantage of economies of scale and the flexibility
needed to support their specific plant requirements.
”
Among the two major end-users, the discrete industrial sector had the largest market share for industrial Ethernet cables in 2017, accounting for nearly 56% of the market
.
This end-user segment will continue to dominate the global market throughout the
forecast period.
In 2017, EMEA accounted for the largest market share in EMEA, accounting for more than
39%.
This is followed by the Americas and the Asia-Pacific region
.
The EMEA region is expected to continue to dominate the market during the forecast period
.
Technavio, an international market research institution, recently released a global industrial Ethernet cable market research report predicting that the market is expected to grow
at a compound annual growth rate of 17% from 2018 to 2022.
The emergence of single-pair Ethernet cabling will be one of the major trends in the global industrial Ethernet cable market during the
forecast period.
The growing popularity of the Internet of Things, the growing interest in automation, and the need for cost-effective power, connectivity, and security for billions of connected devices are changing the scope of
next-generation cable systems.
The ANSI/TIA and ISO/IEC network cable standards have always mandated single pair cables
in commercial and industrial facilities.
According to Technavio analysts, one of the key drivers of the global industrial Ethernet cable market is the growing
benefits of industrial Ethernet.
Ethernet is the fastest growing technology in the field of communication systems over the past decade and is considered the heart of
industrial networks.
The factors contributing to the growth of the global Industrial Ethernet market are the continuous advancements
in bandwidth, speed, and reliability.
Ethernet is capable of handling a variety of applications because many protocols can run
on it.
According to a senior research analyst at Technavio, "With Industrial Ethernet, manufacturers can standardize and integrate their different manufacturing network architectures
by using products from various equipment suppliers.
" Industrial Ethernet enables companies to take advantage of economies of scale and the flexibility
needed to support their specific plant requirements.
”
Among the two major end-users, the discrete industrial sector had the largest market share for industrial Ethernet cables in 2017, accounting for nearly 56% of the market
.
This end-user segment will continue to dominate the global market throughout the
forecast period.
In 2017, EMEA accounted for the largest market share in EMEA, accounting for more than
39%.
This is followed by the Americas and the Asia-Pacific region
.
The EMEA region is expected to continue to dominate the market during the forecast period
.
