[Latest] Global Industrial Ethernet Switch Market

Austin, TX, USA, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Industrial Ethernet Switch Market Share, Trends and Insights By Type (Managed, Unmanaged), By Industry Vertical (Manufacturing, Electric and power, Aerospace and defense, Automotive and transportation, Oil and gas, Others), By Application (Smart Grid, Security & Surveillance), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Size, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand of global Industrial Ethernet Switch Market size & share was valued at approximately USD 3.1 Billion in 2022 and is expected to reach USD 3.3 Billion in 2023 and is expected to reach a value of around USD 6.8 Billion by 2032, at a compound annual growth rate (CAGR) of about 7.1% during the forecast period 2023 to 2032.”

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Industrial Ethernet Switch Market: Growth Factors and Dynamics

Industry 4.0 Transformation: The pervasive influence of Industry 4.0 has kindled a surging demand for Industrial Ethernet switches. As factories and industrial processes embrace automation and data-centric operations, the necessity for dependable, high-speed communication networks has escalated.

Escalating Data Volumes: Industrial applications are churning out vast data streams for purposes such as predictive maintenance, real-time monitoring, and process enhancement. Coping with this escalating data traffic mandates the deployment of Industrial Ethernet switches offering robust data-handling capabilities.

Widespread Adoption of Ethernet: Ethernet has emerged as the universal standard for industrial networking, primarily due to its capacity for seamless interoperability, scalability, and cost-efficiency. This ubiquity is a pivotal driver behind the widespread adoption of Industrial Ethernet switches across diverse industries.

Heightened Cybersecurity Imperatives: The growing threat landscape of cyber-attacks has raised substantial security concerns within industrial networks. Industrial Ethernet switches frequently incorporate advanced security features, which are indispensable for fortifying critical infrastructure and operations.

The proliferation of IoT: The industrial landscape is witnessing an explosion of IoT devices. Industrial Ethernet switches serve as the linchpin for interconnecting and managing these myriad IoT devices, playing a pivotal role in fostering smart manufacturing and asset tracking.

Redundancy Requirements: Industrial operations demand the utmost network uptime and reliability. Industrial Ethernet switches featuring redundancy and failover mechanisms are pivotal in mitigating downtime, which can be catastrophic for mission-critical applications.

Remote Monitoring and Management: Industrial Ethernet switches increasingly boast remote management and monitoring capabilities. These features facilitate real-time diagnostics, ultimately trimming maintenance expenses and augmenting operational efficiency.

Gigabit and 10-Gigabit Ethernet Proliferation: As industrial applications necessitate higher bandwidth, the adoption of Gigabit and 10-Gigabit Ethernet switches has surged. These advanced switches facilitate high-speed data transmission, enabling efficient handling of substantial datasets.

Sustainability Drive: A growing number of industries have embraced sustainability and energy-efficiency initiatives. Industrial Ethernet switches are designed with energy-saving features to curtail power consumption, aligning with environmental sustainability goals.

Intense Market Competition and Innovation: The intense rivalry among industrial Ethernet switch manufacturers has fueled relentless innovation. The market is replete with feature-rich products that push the boundaries of performance, reliability, and ease of integration.

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Industrial Ethernet Switch Market: Partnership and Acquisitions

In June 2020, Sick unveiled an innovative solution named “Live Connect,” which establishes a streamlined connection between an edge gateway and the Sick Asset Hub. This system also generates a virtual representation of sensors and their data, enabling enhanced simulation of sensor status. Live Connect opens up novel possibilities for enhancing process efficiency and bolstering overall plant availability.

In December 2019, Sick China marked the inauguration of a new facility, strategically aimed at expanding its capabilities for local manufacturing and system construction.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 3.3 Billion
Projected Market Size in 2032	USD 6.8 Billion
Market Size in 2022	USD 3.1 Billion
CAGR Growth Rate	7.1% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Type, Industry Vertical, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Industrial Ethernet Switch report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Industrial Ethernet Switch report has been modified to include the COVID-19 impact study prior to delivery.)

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Industrial Ethernet Switch Market: COVID-19 Analysis

The COVID-19 pandemic has had a significant impact on the Industrial Ethernet Switch market:

Disruptions in Supply Chain: The pandemic disrupted global supply chains, affecting the availability of components for Ethernet switch manufacturers. This led to delays in production and delivery.

Shift to Remote Work: With many industries implementing remote work and limited on-site operations, the demand for robust and secure remote connectivity solutions increased. Industrial Ethernet switches played a crucial role in supporting remote monitoring and management of industrial processes.

Economic Uncertainty: Economic uncertainty and reduced capital investments during the pandemic affected the overall demand for industrial Ethernet switches, especially in industries that experienced a downturn.

Increased Focus on Cybersecurity: The rise in remote work and the need for secure data transmission emphasized the importance of cybersecurity. Industrial Ethernet switch manufacturers had to enhance security features to meet the heightened demand for secure industrial networks.

Supply Chain Diversification: The disruptions highlighted the need for supply chain diversification, leading some companies to seek alternative sources for components and reduce reliance on a single region.

Resilience and Redundancy: The pandemic underscored the importance of network resilience and redundancy in industrial settings. Companies invested in redundant network architectures to ensure business continuity.

Acceleration of Digital Transformation: The need for remote monitoring and data analysis accelerated digital transformation efforts, driving the adoption of advanced industrial Ethernet switches with higher bandwidth and low latency.

In summary, the COVID-19 pandemic brought both challenges and opportunities to the Industrial Ethernet Switch market. It emphasized the importance of flexibility, cybersecurity, and digitalization in industrial networking while also highlighting the vulnerabilities in global supply chains. These lessons are likely to shape the market’s future developments and innovations.

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Key questions answered in this report:

What is the size of the Industrial Ethernet Switch market and what is its expected growth rate?
What are the primary driving factors that push the Industrial Ethernet Switch market forward?
What are the Industrial Ethernet Switch Industry's top companies?
What are the different categories that the Industrial Ethernet Switch Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Industrial Ethernet Switch market sample report and company profiles?

Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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List of the prominent players in the Industrial Ethernet Switch Market:

Cisco Systems Inc.
Siemens AG
Rockwell Automation Inc.
Schneider Electric SE
Belden Inc.
Moxa Inc.
Hirschmann (a Belden brand)
Advantech Co. Ltd.
Hikvision Digital Technology Co. Ltd.
Juniper Networks Inc.
ABB Ltd.
Phoenix Contact GmbH & Co. KG
Allied Telesis Inc.
Netgear Inc.
Huawei Technologies Co. Ltd.
Dell Technologies Inc.
Hewlett Packard Enterprise (HPE)
Extreme Networks Inc.
Beckhoff Automation GmbH & Co. KG
Korenix Technology Co. Ltd.
Others

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Industrial Ethernet Switch Market – Regional Analysis

The Industrial Ethernet Switch Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America: North America represents a pivotal geographical sector within the Industrial Ethernet Switch market, encompassing the United States, Canada, and Mexico. This region boasts advanced industrial infrastructure and widespread automation, making it a significant market for Ethernet switches employed across manufacturing, energy, and transportation sectors. In North America, we observe prominent trends such as a dedicated focus on fortified cybersecurity solutions for safeguarding critical infrastructure. Additionally, the adoption of cutting-edge networking technologies to support Industry 4.0 initiatives is on the rise. The demand for high-speed, low-latency connectivity within industrial applications is also escalating.

Europe: Europe, including countries within the European Union and its peripheries, stands out as a prominent region in the Industrial Ethernet Switch market. This area is known for its well-established industrial sector and strong commitment to technological progress, making it a thriving hub for Ethernet switch solutions in manufacturing, process industries, and transportation. In Europe, key trends encompass widespread adoption of industrial automation, integration of IoT technologies into industrial processes, and a pronounced emphasis on environmentally sustainable industrial practices. These factors are propelling the development of energy-efficient Ethernet switch solutions. Moreover, Europe is at the forefront of Industry 4.0 innovations and smart manufacturing applications.

Asia-Pacific: The vast and diverse Asia-Pacific region, which includes nations like China, Japan, India, and Southeast Asia, serves as a burgeoning market for Industrial Ethernet Switches. The growth is driven by rapid industrialization, infrastructure development, and the increasing demand for efficient, high-capacity networking solutions. In Asia-Pacific, noteworthy trends involve the adoption of 5G technology for industrial connectivity, a surge in demand for Ethernet switches in data centers and cloud services, and the integration of edge computing in manufacturing and logistics. This region also demonstrates significant expansion in sectors such as automotive, electronics, and energy, contributing to the escalating demand for industrial networking solutions.

LAMEA: LAMEA constitutes a diverse geographical expanse, encompassing Latin America, the Middle East, and Africa. This region displays a spectrum of industrial landscapes, from emerging economies to resource-rich areas. The Industrial Ethernet Switch market in LAMEA is influenced by infrastructure development, manufacturing, and energy sectors. In the LAMEA region, notable trends encompass the expansion of industrial Ethernet networks in industries such as oil and gas, mining, and manufacturing. With the increasing need for reliable network connectivity in remote regions, Ethernet switch solutions play a pivotal role. Additionally, initiatives to modernize infrastructure and incorporate automation technologies are fueling the adoption of Ethernet switches in this region.

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The Industrial Ethernet Switch Market is segmented as follows:

By Type

Managed
Unmanaged

By Industry Vertical

Manufacturing
Electric and power
Aerospace and defense
Automotive and Transportation
Oil and gas
Others

By Application

Smart Grid
Security & Surveillance

Click Here to Get a Free Sample Report of the Global Industrial Ethernet Switch Market @ https://www.custommarketinsights.com/report/industrial-ethernet-switch-market/

Regional Coverage:

North America

U.S.
Canada
Mexico
Rest of North America

Europe

Germany
France
U.K.
Russia
Italy
Spain
Netherlands
Rest of Europe

Asia Pacific

China
Japan
India
New Zealand
Australia
South Korea
Taiwan
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Industrial Ethernet Switch Market Research/Analysis Report Contains Answers to the following Questions.

What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Industrial Ethernet Switch Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Industrial Ethernet Switch Market? What Was the Capacity, Production Value, Cost and PROFIT of the Industrial Ethernet Switch Market?
What Is the Current Market Status of the Industrial Ethernet Switch Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Industrial Ethernet Switch Market by Considering Applications and Types?
What Are Projections of the Global Industrial Ethernet Switch Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Industrial Ethernet Switch Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Industrial Ethernet Switch Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Industrial Ethernet Switch Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Industrial Ethernet Switch Industry?

Click Here to Access a Free Sample Report of the Global Industrial Ethernet Switch Market @ https://www.custommarketinsights.com/report/industrial-ethernet-switch-market/

Reasons to Purchase Industrial Ethernet Switch Market Report

Industrial Ethernet Switch Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Industrial Ethernet Switch Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Industrial Ethernet Switch Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Industrial Ethernet Switch Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Industrial Ethernet Switch market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Industrial Ethernet Switch Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/industrial-ethernet-switch-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Industrial Ethernet Switch market analysis.

The competitive environment of current and potential participants in the Industrial Ethernet Switch market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Industrial Ethernet Switch market should find this report useful. The research will be useful to all market participants in the Industrial Ethernet Switch industry.
Managers in the Industrial Ethernet Switch sector are interested in publishing up-to-date and projected data about the worldwide Industrial Ethernet Switch market.
Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Industrial Ethernet Switch products' market trends.
Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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