Top 5 Vendors in the Managed Industrial Ethernet Switches Market from 2017 to 2021
Technavio has announced the top five leading vendors in their recent global managed industrial Ethernet switches market report. This research report also lists 12 other prominent vendors that are expected to impact the market during the forecast period.
The global managed industrial Ethernet switches market was valued at USD 739.7 million in 2016 and will reach USD 1.27 billion by 2021, growing at a CAGR of more than 11%. Industrial Ethernet technology is being adopted on a large scale in manufacturing industries to control and monitor industrial robots, supervisory control and data acquisition (SCADA) systems, industrial PCs, and programmable logic controllers (PLCs). Industrial communication networks like Ethernet establish connectivity with instruments, sensors, and controllers and are increasingly replacing Fieldbus technology as the network of choice in manufacturing industries.
Competitive vendor landscape
The global managed industrial Ethernet switches market is highly consolidated with the top 15 players governing close to 65% of the overall revenue in 2016. IT hardware vendors like Cisco also have a significant presence in the industrial space with their managed and unmanaged network switches. Due to process criticality, end-users tend to focus on Tier 1 and Tier 2 vendors for their communication requirements and restrict themselves from engaging standalone system integrators and Tier 3 vendors.
“Over the past couple of years, IT majors are also venturing into the industrial space owing to their dominance in software interfaces and project management tools. These companies are expected to form partnerships with automation solution vendors to gain prominence and enhance their portfolio in the industrial sector,” says Bharath Kanniappan, a lead automation research analyst from Technavio.
In addition, automation solution providers are dependent on network component manufacturers to provide low-cost and reliable switching devices with better capabilities. Component vendors are forced to manufacture small units that support better switching capabilities on a single device.
Top five managed industrial Ethernet switches market vendors
Beckhoff Automation is a major vendor in the Ethernet market offering networking components, industrial PCs, automation software, and drive technology solutions. The company has a presence worldwide with its 34 subsidiaries, 14 sales and technical offices, and distributors located in over 75 countries.
Cisco designs, manufactures, and sells IP-based networking products and services related to the information technology and communications (ICT) industry. It caters to businesses of all sizes, as well as to public institutions, telecommunications companies, other service providers, and individuals.
Rockwell Automation is among the major players, which focuses on providing industrial automation power, control, and information solutions. The company also markets its products through independent distributors and direct sales teams in the US, Canada, Europe, the Middle East, Africa, APAC, and Latin America.
Schneider Electric is a major player in the industrial automation sector, having expertise in automation management, electricity distribution, and manufacturing installation components for energy management. The Industry business division focuses on providing equipment and solutions to end-market segments that include automation and control; water; OEMs; mining, minerals, and metals; and food and beverage.
Siemens is a strong global player with expertise in fields such as automation, electrification, and digitization. Its products have a presence in 289 major production and manufacturing facilities worldwide. In addition, the company also has office buildings, warehouses, R&D facilities, and sales offices across the world. The company has a strong presence worldwide, including in EMEA, the Americas, and Asia and Australia.