• Register
  • Login
  • About Us
  • Contact Us
Tuesday, January 31, 2023
Kuwait 247 News Club
No Result
View All Result
SUBMIT NEWS
  • HOME
  • BUSINESS
  • ENTERTAINMENT
  • FASHION
  • FOOD
  • HEALTH
  • LIFESTYLE
  • SPORTS
  • TRAVEL
  • AFRICA
  • MIDDLE EAST
  • PRESS RELEASES
  • HOME
  • BUSINESS
  • ENTERTAINMENT
  • FASHION
  • FOOD
  • HEALTH
  • LIFESTYLE
  • SPORTS
  • TRAVEL
  • AFRICA
  • MIDDLE EAST
  • PRESS RELEASES
No Result
View All Result
Kuwait 247 News Club
Submit News
Home PRESS RELEASES

Industrial Ethernet Industry worth $15.8 billion by 2028

NEWSROOM by NEWSROOM
January 19, 2023
in PRESS RELEASES
Share on FacebookShare on Twitter


(EMAILWIRE.COM, January 19, 2023 ) The industrial ethernet market is projected to grow from USD 11.0 billion in 2023 to USD 15.8 billion by 2028, exhibiting a CAGR of 7.5% during the forecast period. Rising adoption of 5G to act as a growth opportunity for the market players. However, factors such as threats related to cybersecurity, and harsh field site conditions—high-voltage transients, severe shocks and vibrations, and extremely high temperatures hinder the industrial ethernet market growth.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198318524

By offering, the hardware segment is expected to hold the second-largest share of the industrial ethernet market during the forecast period. Devices such as mobile phones and PCs are connected to the internet to enable rapid communication in industries. Machine-to-machine (M2M) communication in the industrial environment helps facilitate efficient plant operations. It accelerates operations and ensures higher reliability and robustness across various industries, such as automotive, transportation, aerospace & defense, pharmaceutical, and food & beverage. However, a secure and robust network is required to protect internet-connected devices from data manipulation or theft. Such a robust application-specific network can be built using networking components. The hardware segment covers the components that are used to build specific communication networks. The components include switches, routers, gateways, power supply devices, controllers, and others.

Ethernet/IP is an industrial ethernet protocol developed by Rockwell Automation, Inc. (US) in 1990. It is now managed by the Open DeviceNet Vendors Association (ODVA). Ethernet/IP is one of the leading industrial protocols and is widely used in industrial automation equipment and control systems. As this protocol uses standard ethernet and switches, it can have hundreds of nodes in a system. This allows for the use of a single network across many different endpoints on a factory floor.Ethernet/IP facilitates users with the tools to deploy standard Ethernet technology (IEEE 802.3 combined with the TCP/IP Suite) in industrial automation applications, enabling the availability of internet and enterprise connectivity at different locations.

By end-use industry, the water & wastewater segment is projected to register the highest CAGR of 9.9% during the forecast period. Industrial Ethernet is used in a typical water treatment plant, where it allows the collection of data from numerous locations among several plants and makes that data accessible to any device or person on the network. It offers flexibility in connectivity in terms of handling different wireless protocols, minimizing power consumption, and adding new sensor inputs to control devices such as control pumps,

gates, flow meters, or sensors for the process. It also enables improved remote monitoring performance with a human-machine interface (HMI).

Partnerships and collaborations were the key strategies adopted by the leading players operating in the market from January 2019 to November 2022. Leading players have adopted these strategies to research and development of the industrial ethernet market.

News Also Covered: https://www.prnewswire.com/news-releases/industrial-ethernet-market-worth-15-8-billion-by-2028—exclusive-report-by-marketsandmarkets-301723255.html

Related Reports:

Industrial Communication Market by Offering (Component, Software and Services), Communication Protocol (Fieldbus, Industrial Ethernet and Wireless), Vertical (Automotive, Engineering/Fabrication) and Region – Global Forecast to 2027

Industrial Control & Factory Automation Market by Component, Solution (SCADA, PLC, DCS, MES, Industrial Safety, PAM), Industry (Process Industry and Discrete Industry) and Region (North America, Europe, APAC, RoW) – Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.



Source link

Previous Post

Youth Artists Across the World Called to get Creative for Wildlife

Next Post

A Champion In The Making: Egypt’s Menna Essam To Become The First Blind Archer

Related News

UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period

by NEWSROOM
January 28, 2023

 UV Tape Market(EMAILWIRE.COM, January 28, 2023 ) As per the Maximize Market research, a global business and consultancy firm, the...

CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.

by NEWSROOM
January 28, 2023

 CO2 Gas Sensor Market(EMAILWIRE.COM, January 28, 2023 ) As per the Maximize Market research, a global business and consultancy firm,...

Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.

by NEWSROOM
January 28, 2023

 Recreation Club Market(EMAILWIRE.COM, January 28, 2023 ) The Maximize Market report states, the global Recreation Club Market is expected to...

NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

by NEWSROOM
January 27, 2023

 Hajiya Nana Aisha Gambo during Outreach at Hausa Quarters in Warri Delta State(EMAILWIRE.COM, January 27, 2023 ) ABUJA, NIGERIA -...

Next Post

A Champion In The Making: Egypt's Menna Essam To Become The First Blind Archer

Electric Construction Equipment Market to Hit USD 241.20 Bn. at Growth Rate of 6.8 percent by 2029

Electric Construction Equipment Market to Hit USD 241.20 Bn. at Growth Rate of 6.8 percent by 2029

Trending News

OmanNews.Club™ Adds to Arab Newswire Media Lists for Press Release Distribution to GCC/MENA Countries

OmanNews.Club™ Adds to Arab Newswire Media Lists for Press Release Distribution to GCC/MENA Countries

August 14, 2022
ZainTech partners with LigaData to deliver data-driven digital services in MENA

ZainTech partners with LigaData to deliver data-driven digital services in MENA

June 16, 2022
MTN Cameroon implements new data analytics and AI solution powered by LigaData

MTN Cameroon implements new data analytics and AI solution powered by LigaData

July 6, 2022

About

Kuwait247.Club™ gathers and publishes business, cultural, socio-economic, Tech and industrial news on Egypt, Middle East and North Africa (MENA).

Press release distribution services:
We provide press release distribution to media in Egypt, the Arab world and the GCC/MENA regions. Submit a press release today or contact us.

Share Us

Category

BUSINESS
ENTERTAINMENT
FASHION
FOOD
HEALTH
LIFESTYLE

SPORTS
TRAVEL
AFRICA
MIDDLE EAST
PRESS RELEASES

Newsletter

    Recent News

    Recent Posts
    • UV Tape Market is expected to grow at a CAGR of 7.4 percent during the forecast period
    • CO2 Gas Sensor Market is expected to grow at a CAGR of 9.2 percent during the forecast period.
    • Recreation Club Market is expected to grow at a CAGR of 6.8 percent during the forecast period.
    • NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    Kuwait247.Club™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    About Us / Contact Us / Submit News

    No Result
    View All Result
    • REGISTER
    • LOGIN
    • HOME
    • BUSINESS
    • ENTERTAINMENT
    • FASHION
    • FOOD
    • HEALTH
    • LIFESTYLE
    • SPORTS
    • TRAVEL
    • MIDDLE EAST
    • PRESS RELEASES
    • ABOUT US
      • CONTACT US

    Kuwait247.Club™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC