The analysts forecast global industrial ethernet market to grow at a CAGR of 15.92% during the period 2018-2022.
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Industrial Ethernet is the use of Ethernet cable in industrial applications to provide real-time control over the network communication. It is used to connect devices such as programmable logic controllers (PLCs), local and distributed (input/output) 110, and servo controllers and drives on the plant floor and industrial facilities.
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The report covers the present scenario and the growth prospects of the global industrial ethernet market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: Americas, APAC & EMEA
This report, Global Industrial Ethernet Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Report at www.reportsnreports.com.aspx?name=1478650.
Key vendors: ABB, Hitachi, Nexans, Rockwell Automation, Schneider Electric & Siemens
Market driver: Increasing number of smart grids
Market challenge: Fluctuating raw materials price
Market trend: Emergence of smart factories
Key questions answered in this report:
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?