The global industrial Ethernet cables market is forecast to grow at a CAGR of 17.31% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: One of the key trends will be increasing availability of industrial Ethernet cable testers. The uses of cable testers in industrial Ethernet cable testing enhance cable longevity, utility, and efficiency, which acts as a good support system. This should inspire confidence among cable manufacturers and end-users, promoting increased incorporation of industrial Ethernet cables.
According to the report, one of the key drivers will be increasing incorporation of Ethernet network redundancy. Network redundancy implies creating additional multiple data paths between multiple locations within a single network. In the event of an unprecedented router switch or industrial Ethernet cable failure, the other data path will be able to maintain communication and data flow. Hence, redundant system act as an efficient prompt backup system that maintains network operations without any compromise due to unforeseen failures. It prevents scrap wastage, spoilage, or product damage due to plant process interruptions. In discrete manufacturing plants, some select areas have more need for redundancy and can rely on a single point redundancy protocol.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Sumitomo Electric Industries
Teldor Cables systems
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by protocol
PART 07: Market segmentation by application
PART 08: Market segmentation by type
PART 09: Market segmentation by data transmission rate