From 2021 to 2025, the annual compound growth rate of global industrial Ethernet cable exceeds 16%


Post time: Oct-13-2021   View:

According to the latest report of International Market Research Institute technavio, the global industrial Ethernet cable market has the potential to grow by US $1.17 billion from 2021 to 2025, and the market growth momentum will accelerate at a compound annual growth rate of 16.34%.

growth rate of global industrial Ethernet cable

The increasing growth of industrial Ethernet is significantly driving the growth of industrial Ethernet cable market, although factors such as increasing preference for wireless communication may hinder market growth. However, industrial Ethernet cables have many advantages, such as advances in bandwidth, speed and reliability. Industrial Ethernet cable enables the company to closely connect the internal data network with the factory workshop, so as to improve the operation efficiency of the company.

The emergence of single pair Ethernet cabling is a key trend, which will have a positive impact on the growth of the market. The increasing popularity of the Internet of things, the growing interest in automation, and the demand for cost-effective power supply and connection of billions of devices lead to a high demand for single pair Ethernet cabling.

During the forecast period, 55% of the market growth will come from the Asia Pacific region. China and Japan are the major markets for industrial Ethernet cables in the Asia Pacific region. The market growth in the Asia Pacific region will be faster than that in other regions.

In the forecast period, the growing demand for consumer electronics and automobiles will promote the growth of industrial Ethernet cable market in the Asia Pacific region

In the forecast period, the market share growth of industrial Ethernet cable in discrete industry segment will continue to lead. It is expected that during the forecast period, the continuous exploration of new oil and gas fields and refineries and the expansion of onshore and offshore production activities will drive the market.