Lucintel anticipates that Asia Pacific will be the fastest growing region in the industrial ethernet market

   October 1, 2019
According to a market report by Lucintel, the future of the industrial ethernet market looks promising with opportunities in the automotive, electrical and electronics, aerospace and defense, oil and gas, water and wastewater, food and beverages, pharmaceutical, and energy and power generation industries. The industrial ethernet market is expected to grow with a CAGR of 16% from 2019 to 2024. The major drivers for this market are increasing demand for industrial automation and control devices, growing adoption of IoT, and high adoption of advanced industrial Ethernet protocols in smart factories.

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EtherNet/IP, PROFINET, EtherCAT, Modbus TCP, POWERLINK, Sercos III, CC-Link IE are the major protocol types of the industrial ethernet market. Within the industrial Ethernet market, automotive, electrical and electronics, aerospace and defense, oil and gas, water and wastewater, food and beverages, pharmaceutical, and energy and power generation are the major end use industries.

APAC will remain the largest market over the forecast period due to growth in consumer electronics and automobiles industries.

Siemens, Rockwell Automation, Moxa, Cisco Systems, Belden (Hirschmann), Beckhoff Automation, ABB, Schneider Electric, B&R Automation, and Innovasic are among the major manufacturers of industrial ethernet.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the industrial ethernet market by protocol, end use industry, offering, and region. Lucintel has prepared a comprehensive research report entitled “Industrial Ethernet Market 2019-2024: Trends, Forecast, and Opportunity Analysis. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the industrial ethernet market by protocol, end use industry, offering and region as follows:

By Protocol [$M shipment analysis for 2013 – 2024]:

  • EtherNet/IP


  • EtherCAT

  • Modbus TCP


  • Sercos III

  • CC-Link IE

By End Use Industry [$M shipment analysis for 2013 – 2024]:

  • Automotive

  • Electrical and Electronics

  • Aerospace and Defense

  • Oil and Gas

  • Water and Wastewater

  • Food and Beverages

  • Pharmaceutical

  • Energy and Power Generation

  • Mining

  • Chemical

  • Petrochemicals and Fertilizers

  • Engineering/Fabrication

By Offering [$M shipment analysis for 2013 – 2024]:

  • Hardware

  • Software

  • Services

By Region [$M shipment analysis for 2013 – 2024]:

  • North America

    • United States

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

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