Ethernet Leading Growth in Industrial Networking
Growth in the world market for industrial networking is being driven by a substantial increase in the use of Ethernet based technologies, according to a new report from IMS Research. The report predicts average annual growth of 13% over the next 5 years. in terms of nodes installed. Over the same period Ethernet based protocols are forecast to grow at the substantially higher annual rate of 20.3%.
Senior Market Analyst John Morse commented, “Of the three market regions covered in the report, Asia-Pacific is expected to experience even higher growth in the use of Ethernet. However, Ethernet does not meet the requirements of all users and the more traditional fieldbus technologies will continue to prosper”.
Morse continued, “Four product groups were analysed in detail for the report; PLCs, operator terminals, variable speed drives and motion controllers. Of these, variable speed drives are predicted to experience the highest growth of use within industrial networks”.
About IMS Research
IMS Research is a specialist supplier of market research and consultancy services on global electronics markets. Information from IMS Research is used by major companies worldwide to assess market trends, solve marketing problems, and improve the efficiency of their businesses. IMS Research is an international company, selling in more than 35 countries around the world and supported by offices in Wellingborough, UK, Austin, Texas and Shanghai, China. IMS Research regularly publishes detailed research on automation and industrial control markets, including PLCs, HMIs, industrial PCs, machine vision, Ethernet and fieldbuses.