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IXESHA: 2022-09-09 I-HITS: 41

A view ofiimfonomfono zamashishiniin the industrial communications market over the world

 

Industrial Communication Equipment Industry Chain List

ngethungelwano 

Upstream: chips, optical devices, connectors, resistive devices, housings, circuit boards, etc., of which chips and communication modules are the bulk.

Midstream: Including access layer terminal equipment manufacturers and switch equipment manufacturers, there are more than 30 domestic manufacturers in the industry, and leading enterprises have gradually emerged.

Downstream: Theisiceloindustries mainly include industrial manufacturing, rail transit, electric power, coal mine, etc. Customers are mainly divided into two categories, large enterprises with independent design and customization capabilities (such as electric power) and integrated suppliers (such as industrial manufacturing, coal mines, etc.) that provide overall solutions for the industry.

Ikhonkco 

1. The industrial communications market is expected to grow from $18.8 billion in 2022 to $26.8 billion in 2027; it is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2022 to 2027.

2. The industrial communication market is currently dominated by the North American region due to technological advancements and the prevalence of the IoT market. This is followed by the European industrial communications market, as the region is very savvy with the latest technologies and has a high adoption rate of advanced technologies across various verticals.

The industrial communication market is mainly distributed in North America (United States, Canada), Europe (England, France, Germany, Spain, Italy, Russia), Latin America (Argentina, Mexico, Brazil) Asia Pacific.

3. Major suppliers in the current industrial communication market include Cisco (US), Siemens (Germany), Rockwell Automation (US), Omron (Japan), SICK (Germany), Schneider Electric (France), ABB (Switzerland) , Belden (US), GE Grid Solutions (France), HMS Networks (Sweden), IFM Electronics (Germany), Mitsubishi Electric (Japan), Honeywell (US)

4. The industrial Ethernet market will dominate the industrial communication market during the forecast period.

The Industrial Ethernet market reached $9.2 billion in 2020 and is expected to reach $13.7 billion by 2026, growing at a CAGR of 7.3% over the forecast period. The popularity and coverage of Industrial Ethernet is increasing because of its higher speed, increased connection distance, and the ability to connect more nodes, making it ideal for applications in the process industry

5. Vertical Markets for Industrial Communications: Automotive, Electrical & Electronics, Aerospace & Defense, Water & Wastewater Management, Food & Beverage, Pharmaceutical & Medical Devices, Energy & Power, Metals & Mining, Chemicals & Fertilizers, Engineering/Manufacturing, Various vertical industries have different requirements for connectivity solutions due to harsh operating environments. This has led to the adoption of different industrial communication methods. In addition to traditional wired communication between devices, the industry is increasingly reliant on wireless connectivity.

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