The world market for industrial Ethernet infrastructure components was estimated to be worth nearly $1.38 billion in 2013 and grew by 7.1% to reach $1.48 billion in 2014, according to a new report published by IHS. The research for the report was carried out during 2014 and was based on data supplied by international manufacturers and suppliers of the principal products used to construct industrial Ethernet networks.
The average revenue growth is believed to have been greater than for factory automation in general, but manufacturers interviewed for the study reported considerable variation in their sales revenues in both 2013 and 2014. This reflects how the market is highly influenced by individual projects, particularly in process industries where fluctuations in the capital expenditure that drives them can be severe, as they react to economic and political events.
IHS concluded that world revenues for the principal products analysed in the reports, which include gateways, switches, routers, wireless access points and connectors, will continue to grow at around an 8.6% compound annual growth rate (CAGR) from 2013 to 2018.