Industrial Power over Ethernet Market to Grow USD 37.54 Million, at 6% CAGR during 2019-2023 | Technavio

Technavio has published a new market research report on the global industrial power over ethernet market from 2019-2023.

LONDON--(BUSINESS WIRE)--Jun 27, 2019--

According to Technavio Research Report," Industrial Power Over Ethernet Marketby product (powered device, and power sourcing equipment), end-user (power industry, oil and gas industry, telecommunication industry, and others), and geographic regions (North America, Europe, APAC, South America, and MEA) is witnessed to grow USD 37.54 million, at a CAGR of 6% from 2019 to 2023.”

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190627005316/en/

Technavio has published a new market research report on the global industrial power over ethernet market from 2019-2023. (Graphic: Business Wire)

Free sample report contains market size and forecast, drivers, challenges, trends, and more –Request for Free Sample@

Global Industrial Power Over Ethernet Market: Emergence of smart factories

Smart factories are gaining immense popularity, which is changing the façade of industrial manufacturing. This concept involves the shift from traditional automation to a fully connected and flexible system. Network and cloud are two essential connected infrastructures necessary to facilitate automation and self-optimization in smart factories. The network facilitates the interconnection for communication and data flow, while the cloud delivers powerful and elastic computing and storage abilities for Big Data and intelligent applications for further analysis. Industrial Ethernet protocols, such as EtherCAT and PoE technology, are used to implement machine network, machine-to-cloud communication. and machine-to-machine (M2M) communication, in the smart factory. Thus, the emergence of smart factories will propel the demand for industrial Power over Ethernet during the forecast period.

“Apart from the emergence of smart factories, other factors such as the advent of 5G communication technology, rise in adoption of IIoT connected devices in industrial processes, and the emerging standards in Power over Ethernet will have a significant impact on the industrial Power over Ethernet market growth during the forecast period,” says a senior analyst at Technavio.

Speak to Research Expert @

Global Industrial Power Over Ethernet Market: Increase in the number of smart grid projects

Smart grids have become an integral part of the utility sector as they help to deliver a reliable and uninterrupted power supply to its end-users. PoE in smart grids is used to transfer power and data through a single wire to field devices, which helps in the optimum utilization of space and efficient utilization of data communication technologies. The growing need for the detection and reaction to local changes in power consumption has led to a surge in the use of PoE equipment in smart grid communication systems. Thus, increasing investments in smart grids are expected to fuel the industrial Power over Ethernet market worth during the forecast period.

Few Major Vendors in the Industrial Power Over Ethernet Market are:

  • Belden Inc.
  • Broadcom Inc.
  • Cisco Systems, Inc.
  • STMicroelectronics International NV
  • Texas Instruments Inc.

Browse Industries Reports @ Communications Equipment

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

KEYWORD:

INDUSTRY KEYWORD: NETWORKS INTERNET OTHER ENERGY HARDWARE DATA MANAGEMENT TECHNOLOGY ENERGY OTHER MANUFACTURING MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 06/27/2019 05:30 AM/DISC: 06/27/2019 05:31 AM

Copyright Business Wire 2019.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.