Industrial Ethernet Switches Market by Type (Modular Switches, Fixed Configuration Switches, Smart Switches, Managed L2 and L3 Switches) by Industry Vertical (Manufacturing, Electric and Power, Aerospace and Defense, Automotive and Transportation, Oil and Gas, Others)by End-user (Small Enterprise, Medium Enterprise, Large Enterprise): Global Industry Size, Share, Statistics and Forecast 2016 - 2028
Industrial switches are vital for process and manufacturing control. Since a network standard has been adopted, industrial switch technology has been widely used. It works based on a unified and transparent TCP/IP protocol. This is now the primary communication standard for industrial control and automation.
Industrial switches are designed to tolerate harsh operating environments and weather conditions. It can fulfill various industrial requirements due to the flexibility extended by its ports and the wide range of products in use. Modular Switches, Fixed Configuration Switches, Smart Switches, Managed L2, and L3 Switches are major types of Industrial Ethernet Switches.
The global Industrial Ethernet Switches market is expected to witness a CAGR of 7.66% during the forecast period. The revenue generated by the global Industrial Ethernet Switches market in 2021 was over USD 2,868.13 million and is expected to generate revenue worth USD 5,136.43 million in 2028. Therefore, the incremental growth opportunity offered by the global Industrial Ethernet Switches is estimated to be USD 29.42 billion between 2022 and 2028.
Interesting Facts about Industrial Ethernet Switches Industry
Industrial Ethernet Switches are designed for ultimate durability
Industrial Ethernet Switches also support twisted wires and optic cables
Industrial Ethernet Switches offers high speed ranging from 9.6 kbit/s with RS-232 to 1 Gbit/s with Gigabit Ethernet
Industrial Ethernet Switches may reduce real-time performance
The high speed of Industrial Ethernet Switches comes at the cost of higher complexity in network technology
The Industrial Ethernet Switches market is led by U.S., Germany, UK, France, China, and Japan
Increasing Speed of Factory Automaton
Ethernet switches connect networking devices with computers. Industrial grade switches are made so that they can connect devices working in the most challenging industrial conditions. They are subjected to extreme weather, vibrations, and shocks. These switches have plenty of uses in factory automation and control, oil and gas sectors, and intelligent transport systems.
There will be growth in the industrial switches market due to many factors. One of these is the greater need for ensuring communication efficiency in the transport and automotive sectors. In addition, the demand for industrial switches will also be driven by the development of the smart grid, intelligent traffic, surveillance and security, and utilities.
Vulnerability To Security Breaches to Arrest the Market Growth
However, the key factor that can hinder the growth of the industrial switches market is its vulnerability to security breaches. On the other hand, the development and rise of Industry 4.0 will provide opportunities to boost the industrial switches market. In addition, the transportation and automotive industries are currently in the process of developing interconnected vehicles. This will further fuel the growth of the market.
Setback Due to COVID 19
The industrial switches market has taken a significant setback from the covid-19 epidemic. Due to lockdowns and restrictions, there have been severe workforce shortages across the globe, which have halted production in the semiconductors and electronics sectors. In addition, due to facility closures, travel bans, and reduced manufacturing utilization, the market for industrial switches has slowed down substantially.
Industrial Ethernet Switch Offer Reliability in Tough Conditions
The industrial ethernet switch operates reliably in the most challenging industrial scenarios. Hence, these switches find use in manufacturing plants, railways, oil rigs, and other locations since they can withstand electrical noise, vibration, humidity, and a wide temperature range. In addition, industrial networking solutions and manufacturing automation have deterministic network requirements. Industrial Ethernet switches are designed to fulfill these needs.
Industrial Ethernet switches have applications in the Internet of Things that interconnect different kinds of devices. In IoT, devices distributed over many locations are connected to a network to collect, monitor, control, and process data. The industrial IoT or IIoT is a term that is used when IoT is designed to accommodate harsh industrial environments.
Due to their ruggedness and reliability, industrial Ethernet switches find use in mining, oil, gas, marine, and outdoor applications and factory and industrial automation. Industrial Ethernet switches are enclosed in rugged steel housings that use panel mounting or Din-Rail. Manufacturing, Electric and Power, Aerospace and Defense, Automotive and Transportation, Oil and Gas, and Others are major industry verticals wherein Industrial Ethernet switches have applications.
Alcatel-Lucent, Arista Networks, Belden Inc., Brocade Communication Systems Inc., Cisco Systems Inc., D-Link Corporation, Hewlett-Packard, Huawei Technologies, IBM Corporation, Juniper Network, Microsoft Corporation, Siemens Ag, TP-LINK Technologies Co., Ltd and TRENDnet, Inc. are some of the major players operating in global Industrial Ethernet Switches market.
Frequently asked questions about global Industrial Ethernet Switches Industry
Likewise other industries, COVID 19 also taken a toll on Industrial Ethernet Switches market with around 13.87% decline in its revenue in 2020 as compare to 2019
U.S. is the largest regional market with highest share in the total volume of Industrial Ethernet Switches consumed in 2021 followed by Europe
Development of the smart grid, intelligent traffic, surveillance and security, and utilities is mainly driving the demand for Industrial Ethernet Switches
Modular Switches segment dominated the Industrial Ethernet Switches market in 2021 with over 30% share
Manufacturing segment was the largest Industry Vertical of Industrial Ethernet Switches in 2021 with over 25% share
Alcatel-Lucent, Arista Networks, Belden Inc., Brocade Communication Systems Inc., Cisco Systems Inc., D-Link Corporation, Hewlett-Packard, Huawei Technologies, IBM Corporation, Juniper Network, Microsoft Corporation, Siemens Ag, TP-LINK Technologies Co., Ltd and TRENDnet, Inc.
