The global industrial ethernet market size was US$ 25 billion in 2021. The global industrial ethernet market is forecast to grow to US$ 45.1 billion by 2030, registering a compound annual growth rate (CAGR) of 6.3% during the forecast period from 2022 to 2030.

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The application of Ethernet, particularly in the industrial environment, is called industrial Ethernet. It follows the protocols such as EtherCAT, EtherNet/IP, PROFINET, POWERLINK, and Others.

The Asia-Pacific industrial ethernet market is forecast to register significant growth. The companies in the region are focusing on introducing reliable solutions to outgrow other global market players. In addition, the increasing demand for machine-to-machine (M2M) communication is forecast to fuel the industry’s growth. Moreover, the increasing adoption of the smart factory concept is forecast to benefit the regional market during the study period.

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Asia-Pacific has been registering the highest growth. However, prominent nations such as India and China were drastically impacted due to the COVID-19 spread. As a result, it impacted the growth of the industrial ethernet market. Governments in the region imposed strict lockdown. As a result, industries had to halt their activities, which ultimately hampered the demand for industrial ethernet.

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