June 01, 2020
According to the research report titled ‘Global Industrial Ethernet Switch Market Size study, by Type (Modular Switches, Fixed Configuration Switches, Smart Switches and Managed L2 and L3 Switches), by End User (Small Enterprise, Medium Enterprise and Large Enterprise), by Industry Verticals (Manufacturing, Aerospace & Defense, Energy & Power, Oil & Gas, Automotive & Transportation and Others), and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global industrial ethernet switch market is predicted to expand significantly over 2020-2026.
For the record, an ethernet switch is a type of multiport network switch and allows for combined connection between various computer networking devices on a single platform. Ethernet hubs transfer data to various ports regardless of the requirement, whereas the ethernet switch forwards information directly to the destination port.
Industrial ethernet switches have gained popularity across intelligent rail & traffic, security and surveillance, and smart grid applications which is a major factor driving the market growth. Increasing business centric activities such as product innovations and strategic alliances among market majors are also aiding the market expansion. For instance, D-Link reportedly launched ethernet switches in 2018, namely DGS-F3000, DES-F3200, DGS-F3600, and DGS-F3400 for shipping, manufacturing plants, mines, and oil & gas industries. However, high installation costs associated with industrial ethernet switches may hinder the market growth.
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As per type, the market is divided into managed L2 and L3 switches, smart switches, fixed configuration switches, and modular switches. Fixed configuration switches comprise of fixed number of ports and cannot be expanded. On the other hand, modular switches allows for better flexibility while addressing changing networks due to their ability to expand modules to switches.
In terms of the end-use landscape, the industry is split into large enterprise, medium enterprise, and small enterprise. Based on industry verticals, the market is categorized into automotive & transportation, oil & gas, energy & power, aerospace & defense, manufacturing, and others.
Citing the regional scope, the industrial ethernet switch market in North America is poised to accumulate notable returns in the forthcoming years, primarily due to automated installations in the product functions on the control end, in order to adopt the system in grid and established infrastructure. Meanwhile, the Asia-Pacific market is predicted to witness considerable growth during the study period.
The competitive arena of worldwide industrial ethernet switch market marks the presence of notable players like Siemens AG, Microsoft Corp., Hewlett-Packard (HP), TRENDnet Inc., IBM Corp., Juniper Networks Inc., TP-LINK Technologies Co. Ltd., D-LINK Corp. and Cisco Systems among others.