Industrial Networking Equipment Market was valued at USD 21.3 Billion in 2022 and is projected to reach USD 38.6 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
The Industrial Networking Equipment Market was valued at approximately USD 18.2 billion in 2022 and is projected to reach around USD 29.1 billion by 2028, reflecting a compound annual growth rate (CAGR) of 8.3% over the forecast period. This growth is driven by the increasing adoption of Industry 4.0 technologies and the rising need for advanced network infrastructure in manufacturing and process industries. The expansion of smart factories and the integration of IoT (Internet of Things) devices are significant factors contributing to the market's robust expansion. Additionally, the demand for reliable and high-speed communication systems to support complex industrial processes is further fueling market growth.
Emerging opportunities in the market include the surge in investments for upgrading existing network infrastructure and the development of next-generation networking solutions. The proliferation of connected devices and the push towards digital transformation in industrial sectors are creating substantial opportunities for market players. Regions such as Asia-Pacific are expected to witness significant growth due to rapid industrialization and increased government initiatives to boost the manufacturing sector. Furthermore, advancements in wireless networking technologies and the need for improved cybersecurity solutions are anticipated to drive innovation and growth in the industrial networking equipment market.
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Balluff
ifm electronic gmbh
Baumer
Mitsubishi Electric
NanJing Solidot
HMS
Fuyansheng Electronics
SMC
Belden
Turck
Leuze electronic
Weidmüller
Beckhoff
M-System
Banner
WEGO
Pepperl+Fuchs
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Networking Equipment Market
Mining Industry
Rail Industry
Water Treatment
Oil and Gas
General Manufacturing
Other
Based on Types the Market is categorized into Below types that held the largest Industrial Networking Equipment market share In 2023.
for CC-Link
for Ethernet/IP
for ProfiNET
for EtherCat
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Industrial Networking Equipment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Industrial Networking Equipment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Industrial Networking Equipment Market, By Type
6. Global Industrial Networking Equipment Market, By Application
7. Global Industrial Networking Equipment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Industrial Networking Equipment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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