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Industrial Ethernet connectors are the networking cables that are used for connecting various connected devices for reliable communication. It offers excellent transmission speed along with easy assembling. The emergence of smart factories, industry 4.0, industrial IoT are expected to drive the industrial Ethernet connector market. The capabilities of connectors to operate steadily under the challenging and harsh environment is expected to boost its demand. It also offers high bandwidth and low latency network that provides real-time data connections between machines and devices. This is boosting the demand for industrial Ethernet connectors across the connected industries.
The RJ45 is most widely used industrial Ethernet connectors in the market, majorly for the protected environment application. The other M series connectors such as M12 and M8 are extensively used for the unprotected environmental application. Considering the capabilities such as fast speed, easy installation, flexibility, high bandwidth among others, the manufacturers and other process industries are rapidly shifting their focus towards Ethernet connectors. The growing adoption of smart sensors, devices, and machines are boosting the demand for fast data transfer cable. This is likely to fuel the industrial Ethernet connectors market.
Key Market Driver -
• The growing adoption of smart factory and Industrial IoT is likely to drive the market growth • Increasing implementation of Ethernet connector in automotive industry is likely to boost the industrial Ethernet connector demand.
Key Market Restraint -
• The growing concerns over network security is likely to hamper the market growth
Some of the key players in the global industrial Ethernet connector market are Omron Corporation, TE Connectivity, Conec Elektronische Bauelemente Gmbh, Binder USA, Molex Incorporated, Harting, Belden Incorporated, METZ CONNECT USA Inc., Mencom, Siemens AG, Hubbell, Escha, Sealcon, Weidmüller Interface GmbH & Co. KG, Phoenix Contact, Panduit Corporation, Lutze Inc., Murrelektronik, Amphenol Corporation, Rockwell Automation among others. The key companies are following various partnership and collaborations strategies to expand their presence across the world. The player in the market are investing in new innovations to launch advanced connectors that would meet every possible need of the industrial IoT applications and other.
North America is expected to gain maximum market share during the forecast period. The increasing adoption of smart factories, industry 4.0, and industrial IoT is boosting the market growth in the region. The US is expected to gain rapid growth owing to increasing adoption of automation and connected machines in various industrial sectors. Also, the presence of automation solution providers such as General Electric, Thermo Fisher Scientific, Emerson among others is helping the country to accelerate its growth in the market. The US manufacturing sector is vastly investing in industrial automation, which is likely to drive the industrial Ethernet connector demand. Europe’s rapid investment in smart factories is boosting the demand for industrial Ethernet connectors in the region.
Asia Pacific is expected to gain exponential growth during the forecast period. The rapid adoption of industrial IoT across the countries such as China, Japan, India, and more is expected to drive the market. China is likely to dominate the industrial Ethernet connector market with vast investments in manufacturing infrastructure in-line with industry 4.0 strategy to increase production base. The rapidly growing process industries in the country is widely adopting connected machines and other such technologies for reliable communication among devices. India, with Make in India policy is driving the manufacturing and automation industry growth. In Japan, according to Accenture’s analysis 70% top level managers of manufacturing industries are likely to shift toward IIoT solutions. This is expected to drive the market demand in the region.
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