Industrial Ethernet Switch Market Size, 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, Share, Outlook, and Forecast 2023–2032


Report Code: CMI35023

Published Date: November 2023

Pages: 320+

Category: Technology

Report Snapshot

CAGR: 7.1%
3.1B
2022
3.3B
2023
6.8B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Cisco Systems Inc.
  • Siemens AG
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Belden Inc.
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Industrial Ethernet Switch Market is expected to record a CAGR of 7.1% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 3.3 Billion. By 2032, the valuation is anticipated to reach USD 6.8 Billion.

The Ethernet Switch market pertains to the domain of networking equipment and technology. It involves the manufacturing and sale of devices designed to manage and direct data traffic within local area networks (LANs). The nature of this market is highly dynamic, and characterized by rapid technological advancements.

Key trends encompass the growth of IoT, which demands scalable and secure network infrastructure, the evolution of higher-speed Ethernet standards, a heightened focus on energy efficiency, and the integration of advanced features like Quality of Service (QoS) and PoE (Power over Ethernet).

Industrial Ethernet Switch Market – Significant Growth Factors

The Industrial Ethernet Switch Market presents significant growth opportunities due to several factors:

  • IoT Proliferation: The increasing adoption of the Internet of Things (IoT) is a major driver. With billions of connected devices, there’s a growing need for scalable, reliable, and secure network infrastructure, creating opportunities for Ethernet switch manufacturers to provide solutions that can handle diverse and massive data flows.
  • 5G Connectivity: The rollout of 5G networks is another driving force. This technology offers higher bandwidth and lower latency, fostering opportunities for Ethernet switch providers to meet the demands of high-speed, low-latency connectivity in various applications, from smart cities to industrial automation.
  • Edge Computing: The rise of edge computing presents opportunities. Ethernet switches play a pivotal role in connecting edge devices to central data centers, enabling real-time data processing, and enhancing industries like autonomous vehicles, healthcare, and smart manufacturing.
  • Energy Efficiency: There’s a growing emphasis on energy-efficient networking solutions. This trend offers opportunities for companies to develop Ethernet switches with reduced power consumption, aligning with sustainability and cost-saving goals for businesses.
  • Advanced Features: The integration of advanced features like Quality of Service (QoS) and Power over Ethernet (PoE) is a driving factor. Ethernet switch manufacturers can capitalize on this trend by offering switches with enhanced capabilities, catering to the diverse requirements of different industries.
  • Cybersecurity: With increasing concerns about network security, Ethernet switch providers have the opportunity to develop and market secure switches with robust cybersecurity features. Protecting data integrity and network confidentiality is crucial in today’s digital landscape, making security-focused switches a key driver in the market.

Industrial Ethernet Switch Market – Mergers and Acquisitions

The Industrial Ethernet Switch Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their Type offerings and profitability. Some notable examples of mergers and acquisitions in the Industrial Ethernet Switch Market include:

  • In October 2022, Conrad Electronic, a Germany-headquartered platform specializing in sourcing technical products across 17 European countries, unveiled a significant pan-European distribution collaboration with OMRON.
  • In 2020, MOXA made an exciting addition to its product portfolio by launching a fresh range of unmanaged Ethernet switches. These switches, part of the eds-2000-el and eds-2000-ml series, feature 5 to 18 combo ports, thereby enhancing the capacity and dependability for connecting a greater number of network nodes with increased bandwidth capabilities.

These mergers and acquisitions have helped companies expand their Type offerings, improve their market presence, and capitalize on growth opportunities in the Industrial Ethernet Switch Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Industrial Ethernet Switch Market Networking Equipment Market Multi-Cloud Networking Market
CAGR 7.1% (Approx) CAGR 4.5% (Approx) CAGR 24.5% (Approx)
USD 6.8 Billion by 2032 USD 27.22 Billion by 2032 USD 20.55 Billion by 2032

Industrial Ethernet Switch Market – Significant Threats

The Industrial Ethernet Switch Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Security Vulnerabilities: In an increasingly interconnected industrial landscape, the risk of cyberattacks poses a significant threat. Weaknesses in Ethernet switches may be exploited by malicious entities, potentially leading to operational disruptions, data breaches, or safety hazards.
  • Swift Technological Evolution: The rapid evolution of technology presents a challenge as manufacturers must keep pace with changing standards and customer expectations.
  • Fierce Competition: Intense market competition can trigger price wars and diminish profit margins, pressuring manufacturers.
  • Economic Uncertainty: Economic downturns can result in reduced investments in industrial infrastructure, affecting the demand for industrial Ethernet switches.
  • Supply Chain Disruptions: Events like global pandemics can disrupt supply chains, impacting the availability of essential components and manufacturing processes.
  • Regulatory Shifts: Evolving regulations and compliance requirements can necessitate adjustments in product design and standards adherence, affecting manufacturers.
  • Environmental Considerations: Increasing environmental mandates and the need for energy-efficient products may compel manufacturers to invest in eco-conscious solutions, potentially increasing production costs.
  • Market Saturation: As the market becomes more crowded with manufacturers, differentiation and market share acquisition become more challenging.
  • Integration Complexity: Integrating industrial Ethernet switches with existing legacy systems can be intricate and costly, deterring potential customers.
  • Geopolitical Factors: Geopolitical tensions and trade disputes can disrupt the flow of technology and components across borders, impacting production and distribution.
  • Manufacturers: The industrial Ethernet switch sector must proactively address these challenges to maintain competitiveness and ensure business resilience in a dynamic and ever-evolving landscape.

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.

Category-Wise Insights

By Type

  • Managed: Managed Industrial Ethernet Switches are advanced networking devices designed for industrial environments. They provide network administrators with control and configurability, enabling features like VLANs, redundancy protocols, and remote management. Managed switches are known for enhancing network efficiency and security. Current trends in this segment include the integration of cybersecurity features to protect against threats, increased support for time-sensitive applications, and the adoption of managed switches in edge computing environments, enabling real-time data processing.
  • Unmanaged: Unmanaged Industrial Ethernet Switches are more straightforward devices that lack configuration options. They are typically plug-and-play, requiring minimal setup. Unmanaged switches are cost-effective and easy to deploy. Recent trends in this category involve improving durability for harsh industrial settings, offering greater port density to cater to expanding networks, and enhancing power efficiency to align with sustainable practices. These switches are often favored for applications where simplicity and reliability are paramount.

Global Industrial Ethernet Switch Market 2023–2032 (By Billion)

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By Industry Vertical

  • Manufacturing: In the industrial Ethernet switch market, the manufacturing sector refers to the use of Ethernet switches in various manufacturing processes. Trends in this segment include the adoption of Industry 4.0 principles, where industrial Ethernet switches enable real-time data exchange, machine connectivity, and process automation for improved efficiency and production quality.
  • Electric and Power: In the context of industrial Ethernet switches, the electric and power industry involves the utilization of these switches to enhance grid management and electrical distribution. A key trend is the integration of smart grid technologies, which relies on Ethernet switches for real-time monitoring and control, supporting grid stability and energy efficiency.
  • Aerospace and Defense: The aerospace and defense sector employs industrial Ethernet switches for secure, high-performance data communication. Current trends include the implementation of ruggedized Ethernet switches for military applications, as well as the adoption of Ethernet-based avionics networks in modern aircraft for increased data handling capacity.
  • Automotive and Transportation: This segment focuses on the deployment of industrial Ethernet switches in automotive manufacturing and transportation systems. A significant trend is the growth of Ethernet-based networks in vehicles, supporting advanced driver-assistance systems (ADAS) and autonomous driving technologies, along with Ethernet’s role in streamlining manufacturing processes.
  • Oil and Gas: In the industrial Ethernet switch market, the oil and gas industry employs these switches to enhance communication and data transmission in remote and challenging environments. Current trends include the use of Ethernet switches for monitoring and controlling critical infrastructure, improving safety, and enabling predictive maintenance.
  • Others: The “Others” category encompasses diverse applications of industrial Ethernet switches, including healthcare, mining, and agriculture. Trends in this segment vary widely but often include the integration of Ethernet switches to enhance automation, data exchange, and efficiency specific to each industry’s needs, such as telemedicine in healthcare, remote monitoring in mining, and precision farming in agriculture.

By Application

  • Smart Grid: Smart Grid refers to an advanced electrical grid system that utilizes modern communication and information technology to optimize the generation, distribution, and consumption of electricity. Industrial Ethernet switches are crucial components within Smart Grid infrastructure, facilitating secure data communication and control between various grid elements, such as substations, sensors, and data centers. In the Industrial Ethernet Switch market for Smart Grid, trends include increased adoption of Ethernet switches for real-time data exchange in grid management, enhanced cybersecurity solutions to protect critical infrastructure, and the integration of intelligent monitoring and automation for improved grid efficiency and reliability.
  • Security & Surveillance: Security & Surveillance within the Industrial Ethernet Switch market pertains to the use of these switches in video surveillance and security systems. These switches play a key role in transmitting data from surveillance cameras, access control devices, and other security components over Ethernet networks. Within the Security and surveillance segment, trends encompass the demand for high-bandwidth Ethernet switches to support high-definition IP cameras and advanced video analytics. Additionally, the integration of PoE (Power over Ethernet) capabilities is growing, enabling simultaneous power and data transmission for security devices, and reducing installation costs. Moreover, the increasing emphasis on cybersecurity within surveillance networks is driving the development of more secure Ethernet switch solutions.

Global Industrial Ethernet Switch Market 2023–2032 (By Type)

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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.

Global Industrial Ethernet Switch Market 2023–2032 (By Application)

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Competitive Landscape – Industrial Ethernet Switch Market

The Industrial Ethernet Switch Market is highly competitive, with a large number of manufacturers and others operating globally. Some of the key players in the market include:

  • 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

These companies operate in the market through various strategies such as application innovation, mergers and acquisitions, and partnerships.

Numerous new players have entered the Industrial Ethernet Switch market by emphasizing innovation and development. These emerging entrants often introduce advanced features and tailor-made solutions to cater to specific industry needs. Some examples include Advantech, Korenix Technology, and Antaira Technologies, which have made notable strides in recent years.

In contrast, key players like Cisco, Siemens, Rockwell Automation, and Schneider Electric have dominated the market by leveraging their established presence, comprehensive product portfolios, and strong brand recognition. These industry leaders have a global reach, extensive customer relationships, and a history of continuous innovation. They often set industry standards and are well-positioned to provide end-to-end networking solutions, cementing their dominance.

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

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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Industrial Ethernet Switch Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Industrial Ethernet Switch Market: snapshot
  • Chapter 3. Global Industrial Ethernet Switch Market – Industry Analysis
    • 3.1 Industrial Ethernet Switch Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 IoT Proliferation
      • 3.2.2 5G Connectivity
      • 3.2.3 Edge Computing
      • 3.2.4 Energy Efficiency
      • 3.2.5 Advanced Features
      • 3.2.6 Cybersecurity.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Industry Vertical
      • 3.7.3 Market Attractiveness Analysis By Application
  • Chapter 4. Global Industrial Ethernet Switch Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Industrial Ethernet Switch Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Industrial Ethernet Switch Market – Type Analysis
    • 5.1 Global Industrial Ethernet Switch Market Overview: By Type
      • 5.1.1 Global Industrial Ethernet Switch Market Share, By Type, 2022 and 2032
    • 5.2 Managed
      • 5.2.1 Global Industrial Ethernet Switch Market by Managed, 2023 – 2032 (USD Billion)
    • 5.3 Unmanaged
      • 5.3.1 Global Industrial Ethernet Switch Market by Unmanaged, 2023 – 2032 (USD Billion)
  • Chapter 6. Global Industrial Ethernet Switch Market – Industry Vertical Analysis
    • 6.1 Global Industrial Ethernet Switch Market Overview: By Industry Vertical
      • 6.1.1 Global Industrial Ethernet Switch Market Share, By Industry Vertical, 2022 and 2032
    • 6.2 Manufacturing
      • 6.2.1 Global Industrial Ethernet Switch Market by Manufacturing, 2023 – 2032 (USD Billion)
    • 6.3 Electric and power
      • 6.3.1 Global Industrial Ethernet Switch Market by Electric and Power, 2023 – 2032 (USD Billion)
    • 6.4 Aerospace and defense
      • 6.4.1 Global Industrial Ethernet Switch Market by Aerospace and defense, 2023 – 2032 (USD Billion)
    • 6.5 Automotive and transportation
      • 6.5.1 Global Industrial Ethernet Switch Market by Automotive and Transportation, 2023 – 2032 (USD Billion)
    • 6.6 Oil and gas
      • 6.6.1 Global Industrial Ethernet Switch Market by Oil and Gas, 2023 – 2032 (USD Billion)
    • 6.7 Others
      • 6.7.1 Global Industrial Ethernet Switch Market by Others, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Industrial Ethernet Switch Market – Application Analysis
    • 7.1 Global Industrial Ethernet Switch Market Overview: By Application
      • 7.1.1 Global Industrial Ethernet Switch Market Share, By Application, 2022 and 2032
    • 7.2 Smart Grid
      • 7.2.1 Global Industrial Ethernet Switch Market by Smart Grid, 2023 – 2032 (USD Billion)
    • 7.3 Security & Surveillance
      • 7.3.1 Global Industrial Ethernet Switch Market by Security & Surveillance, 2023 – 2032 (USD Billion)
  • Chapter 8. Industrial Ethernet Switch Market – Regional Analysis
    • 8.1 Global Industrial Ethernet Switch Market Regional Overview
    • 8.2 Global Industrial Ethernet Switch Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Industrial Ethernet Switch Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Industrial Ethernet Switch Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Industrial Ethernet Switch Market, by Type, 2023 – 2032
      • 8.4.1 North America Industrial Ethernet Switch Market, by Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Industrial Ethernet Switch Market, by Industry Vertical, 2023 – 2032
      • 8.5.1 North America Industrial Ethernet Switch Market, by Industry Vertical, 2023 – 2032 (USD Billion)
    • 8.6 North America Industrial Ethernet Switch Market, by Application, 2023 – 2032
      • 8.6.1 North America Industrial Ethernet Switch Market, by Application, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Industrial Ethernet Switch Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Industrial Ethernet Switch Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Industrial Ethernet Switch Market, by Type, 2023 – 2032
      • 8.8.1 Europe Industrial Ethernet Switch Market, by Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Industrial Ethernet Switch Market, by Industry Vertical, 2023 – 2032
      • 8.9.1 Europe Industrial Ethernet Switch Market, by Industry Vertical, 2023 – 2032 (USD Billion)
    • 8.10 Europe Industrial Ethernet Switch Market, by Application, 2023 – 2032
      • 8.10.1 Europe Industrial Ethernet Switch Market, by Application, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Industrial Ethernet Switch Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Industrial Ethernet Switch Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Industrial Ethernet Switch Market, by Type, 2023 – 2032
      • 8.12.1 Asia Pacific Industrial Ethernet Switch Market, by Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Industrial Ethernet Switch Market, by Industry Vertical, 2023 – 2032
      • 8.13.1 Asia Pacific Industrial Ethernet Switch Market, by Industry Vertical, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Industrial Ethernet Switch Market, by Application, 2023 – 2032
      • 8.14.1 Asia Pacific Industrial Ethernet Switch Market, by Application, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Industrial Ethernet Switch Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Industrial Ethernet Switch Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Industrial Ethernet Switch Market, by Type, 2023 – 2032
      • 8.16.1 Latin America Industrial Ethernet Switch Market, by Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Industrial Ethernet Switch Market, by Industry Vertical, 2023 – 2032
      • 8.17.1 Latin America Industrial Ethernet Switch Market, by Industry Vertical, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Industrial Ethernet Switch Market, by Application, 2023 – 2032
      • 8.18.1 Latin America Industrial Ethernet Switch Market, by Application, 2023 – 2032 (USD Billion)
    • 8.19. The Middle East and Africa
      • 8.19.1 The Middle-East and Africa Industrial Ethernet Switch Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Industrial Ethernet Switch Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Industrial Ethernet Switch Market, by Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Industrial Ethernet Switch Market, by Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Industrial Ethernet Switch Market, by Industry Vertical, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Industrial Ethernet Switch Market, by Industry Vertical, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Industrial Ethernet Switch Market, by Application, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Industrial Ethernet Switch Market, by Application, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Cisco Systems Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Siemens AG
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Rockwell Automation Inc.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Schneider Electric SE
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Belden Inc.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Moxa Inc.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Hirschmann (a Belden brand)
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Advantech Co. Ltd.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Hikvision Digital Technology Co. Ltd.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Juniper Networks Inc.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 ABB Ltd.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Phoenix Contact GmbH & Co. KG
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Allied Telesis Inc.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Netgear Inc.
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Huawei Technologies Co. Ltd.
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Dell Technologies Inc.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 Hewlett Packard Enterprise (HPE)
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 Extreme Networks Inc.
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 Beckhoff Automation GmbH & Co. KG
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 Korenix Technology Co. Ltd.
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
List Of Figures

Figures No 1 to 26

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • 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

FAQs

The key factors driving the Market are IoT Proliferation, 5G Connectivity, Edge Computing, Energy Efficiency, Advanced Features And Cybersecurity.

The “Managed” category dominated the market in 2022.

The key players in the market are 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.

“North America” had the largest share in the Industrial Ethernet Switch Market.

The global market is projected to grow at a CAGR of 7.1% during the forecast period, 2023-2032.

The Industrial Ethernet Switch Market size was valued at USD 3.3 Billion in 2023.

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