HOME Research Insight The Industrial Ethernet Market is Competitive Owing to the Presence of Various Well-Established Players.

The Industrial Ethernet Market is Competitive Owing to the Presence of Various Well-Established Players.

Industrial Ethernet mainly consists of all the devices, systems, and software that are required in machine-to-machine and man-to-machine communications in discrete or process industries. The industrial Ethernet market also includes consulting, integration, and support services. The industrial Ethernet market is competitive owing to the presence of various well-established players. The players in the market have implemented different strategies to maintain their position in this market and ensure their long-term growth and profitability. The key strategies implemented by most of the companies in the industrial Ethernet market include new product launches, collaborations, and acquisitions. These strategies also help companies increase their market share, expand their geographic presence, and gain recognition in the industrial Ethernet market.

The key players in the ecosystem of the industrial Ethernet market profiled in this report are Siemens AG (Germany), ABB Ltd. (Switzerland), Rockwell Automation (U.S.), Schneider Electric (France), Beckhoff Automation (Germany), Moxa Inc. (Taiwan), B&R Automation (Austria), Belden Inc. (U.S.), Innovasic, Inc. (U.S.), and Cisco Systems, Inc.(U.S.), among others.

Siemens AG (Germany) is a leading company in the industrial Ethernet market and held the first rank in 2015. Industrial Ethernet falls in the Digital Factory Division of Siemens AG. In industrial Ethernet, the company offers Ethernet switches, routers, and serial device servers. Its wireless product segments include wide area private wireless systems, wireless Ethernet switches, and software, among others. The company adopted the strategy of new product launches to stay ahead in the competition. In the U.S., the demand from consumer-oriented manufacturing industries was strong, whereas industrial Ethernet investment slowed down in emerging countries affected by reduced global demand for export commodities including oil and gas. To retain and build the customer base, the company has expanded its service portfolio and offers innovative offerings, leading to various business opportunities. For instance, in April 2016, Siemens launched a new software tool for the designing and simulation of PROFINET automation networks. The Sinetplan network planner is for plant designers, constructors, and operators to support them in planning, commissioning, and operation of PROFINET communication network.

Rockwell Automation (U.S.) is a leading global provider of industrial automation power, control, and information solutions that help manufacturers gain competitive advantages for their businesses. The company has adopted the strategies of partnerships and acquisitions to strengthen its business. For instance, to widen its product portfolio in industrial Ethernet, Rockwell acquired vMonitor (UAE), a leader in providing wireless solutions. Because of this, the company can now cater to different segments such as water and wastewater, mining, and other industries globally. This would also help the company expand its global footprints in different geographic regions. Also, the company is keen to launch new products to stay ahead of its competitors. For instance, the company launched ControlLogix family of controllers, Stratix 5400 Industrial Ethernet Switches and Wireless Access Point, among others.

Related Reports:

Industrial Ethernet Market by Offering (Hardware, Software, and Services), Protocol (EtherNet/IP, PROFINET, Modbus TCP, POWERLINK, CC-Link IE, EtherCAT, and Sercos III), End-User Industry, and Geography - Global Forecast to 2022

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