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North America Industrial Switching Hub Market - Forecast(2024 - 2030)
North America Industrial Switching Hub Market Overview
North
America Industrial Switching Hub Market is
expected to reach $6.5 billion by 2026 at a CAGR of 16.2% during the forecast
period 2021-2026. The major growth drivers
of the Industrial Switching Hub is rise in demand from corporate, as corporate
use switches such as ethernet switch, poe switch, industrial ethernet switch
and hubs to connect networking devices, growing demand for cloud storage, increased
use data centers, and increase in demand of high bandwidth. In addition,
increased digital data traffic over the existing network, rising adoption of
industry 4.0 and growing adoption of factory automation
predominantly in the manufacturing sector is set to improve the efficiency of
production processes and supply chain. These factors are driving the growth of
the North America Industrial Switching Hub Market size in the forecast period 2021-2026.
Report Coverage
The report: “North
America Industrial Switching Hub market report– Forecast (2021-2026)”, by
IndustryARC covers an in-depth analysis of the following segments of the North America Industrial Switching Hub Market.
By Network: Ethernet, Fiber
Channel, Asynchronous Transfer Band, InfiniBand, Token Ring and Others.
By Technology: Wired LAN,
Industrial POE, Fast Ethernet, Gigabit Ethernet and Others.
By Management: Managed,
Unmanaged, Advanced.
By Form: Rack Mounted, DIN Rail
Mounted, Chassis Mounted.
By Applications: Data Center,
SOHO, Telecom, Automation/Manufacturing, Enterprise/Corporate, Rail, ITS, Smart
Grid, Oil and Gas and Others.
By Geography: U.S, Canada,
Mexico.
Key Takeaways
- North America Industrial Switching Hub Market share in data centres are expected to grow at a CAGR of 20.4% in the forecast period 2021-2026. The growth is attributed to applications of detecting broadcast storm, improving network reliability and so on.
- Ethernet is anticipated to grow at a CAGR of 20.5% during the forecast period. The rapidly growing adoption of Industrial IoT (IIoT) predominantly among the manufacturing and automotive sectors will improve the efficiency of production processes and supply chain. This is driving the growth of the industrial Ethernet switch market.
- In 2020, U.S dominated the Industrial Switching Hub market share of more than 62%. Owing to increased adoption of high bandwidth network, usage in data centres and so on are driving the Industrial Switching Hub in the region.
- North America Industrial Switching Hub top 10 include HP, Inc, Cisco systems Inc, Huawei Technologies Co. Ltd, Juniper Inc, Alcatel-Lucent Inc, Allied Telesis Inc, Arista Networks Inc, Hirschmann Inc, Brocade Communications Systems, Inc, Schneider Electric, Inc, ECI Telecom Ltd, Oracle Corporation, Moxa, Inc among others.
North America Industrial Switching Hub Market, By Region, 2020
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North America
Industrial Switching Hub Market Segment
Analysis- By Network
Ethernet is anticipated to grow at a CAGR of 19.6% during the forecast
period. The rapidly growing adoption of Industrial IoT (IIoT) predominantly
among the manufacturing and automotive sectors is set to improve the efficiency
of production processes and supply chain driving the growth of the industrial
Ethernet market. Supportive government initiatives and hefty investments to
extensively convert traditional grids into smart grids are resulting in the
proliferation of the market. In 2020, major company, Midwest Utility announced
plans to invest $7.6 Billion in Smart Grid Technology and Renewables
Large-scale. Moreover, the adoption of industrial Ethernet products, such as
switches, gateways, connectors, processors, and controllers for structuring
industrial networks, is expected to boost the market growth over the forecast
period. In addition the advent of innovative technologies, such as big data
analytics, coupled with the increasing demand for cloud-based solutions in
several enterprises across various sectors is escalating the demand for data
centres, resulting in the industrial Ethernet market growth.
North America
Industrial Switching Hub Market Segment
Analysis- By Application
North America Industrial Switching Hub Market in data centres is
expected to grow at a CAGR of 20.4% in the forecast period 2021-2026. The
operations of these data centre depend upon the technology, computers and
networking. As more and more users are connected to the networks the problems
related to speed in transferring and retrieving data will also increase as the
bandwidth has to be divided among the users connected through various access
points. So to resolve this problem data centres have to use the network
switches which can connect each port directly, which will help to share the
bandwidth among the users connected to the ports. Hence with these advantages
several companies have adopted industrial switching hubs. In addition to this
rise in investments, expansions related to data centres also creates an
enormous opportunities for industrial switching hub. In 2019, Microsoft
announced an investment of more than $1.1 billion for expansion of its presence
in Mexico. Similarly Google has committed to expand its presence in U.S. Hence
these benefits and investments are analysed to drive the market in the forecast
period 2020-2025.
North America
Industrial Switching Hub Market Segment
Analysis- By Geography
In 2020, U.S
dominated the Industrial
Switching Hub market share of more than 68%. Owing to
increased adoption of high bandwidth network, usage in data centers and so on
are driving the Industrial Switching Hub in the region. The demand for
Industrial Switching Hub market has risen dramatically over the past 12 months
in the region due to expansion of data centers. In 2019, Google has committed
to invest more than $10 billion for the expansion of its data centers in 11
states. Use of Industrial Switching Hub and Access Point in various industries
in these regions are pushing the growth of Industrial Switching Hub and Access
Point market.
North America Industrial Switching Hub Market Drivers
Growing demand for switching hubs in data centres
Increasing investments towards the construction of
data centres will be one of the primary factors that will drive market for
Industrial Switching hub in this region. The growing demand for cloud computing
will also drive the demand for data centres. In 2020 Microsoft has announced
plans to invest more than $1.1 billion for the expansion of its data centres in
Mexico. Similarly, several key vendors have already entered into agreements to
set up and expand their market operations. As switching hub is used for several
applications such as detecting broadcast storm and improving network
reliability in data centres. Hence the growing investments towards data centre
construction will drive market growth in the forecast period 2021-2026.
Emergence of new technologies
The emergence of Big data storage, and streaming media applications have
affected behavior on the network which now requires larger bandwidth for
buffering. As switching hubs are the devices manufactured to meet these
requirements, hence these emerging technologies are analysed to drive the
market. Similarly, increasing demand for the time synchronization between the
equipment used in the industrial automation will also drive the industrial
switching hub as these network devices are the main components which connect
the industrial equipment on the network. Hence these advantages are analyzed to drive
the market in the forecast period 2020-2025.
North America Industrial Switching Hub Market Challenges
Device Differentiation is difficult for switching hub
Industrial
switching hubs are unable to differentiate between the devices on the network.
For instance, if one computer is trying to reach another on a hub-based
network, the computer will send the message to every other computer on the
network, consuming bandwidth for each transfer. Identification and
differentiation of device is difficult. Hence
these kinds of challenges hamper the market in the forecast period 2021-2026.
North America Industrial Switching Hub Market Landscape
Product
launches, acquisitions, Partnerships and R&D activities are key strategies
adopted by players in the North America Industrial Switching Hub Market.
In 2020, the market of North America Industrial Switching Hub has been
fragmented with several companies vying for top share. North America Industrial
Switching Hub top 10 include HP, Inc, Cisco systems Inc, Huawei Technologies
Co. Ltd, Juniper Inc, Alcatel-Lucent Inc, Allied Telesis Inc, Arista Networks
Inc, Hirschmann Inc, Brocade Communications Systems, Inc, Schneider Electric,
Inc, ECI Telecom Ltd, Oracle Corporation, Moxa, Inc among others.
Acquisitions/Technology Launches
- In April 2021, Phoenix Contact launched new FL Switch TSN 2300 devices which are the first Ethernet Switches for Time-Sensitive Networking (TSN) from Phoenix Contact.
- In October 2020, Indu-Sol launched PROmesh P10, an industrial switching hub. The PROFINET-certified Industrial Ethernet switch PROmesh P10 from Indu-Sol is an alternative to conventional permanent diagnostic approaches.
Related Reports:
Report Code: ESR 0025
1. North America Industrial Switching Hub Market Overview
2. North America Industrial Switching Hub Executive Summary
3. North America Industrial Switching Hub– Market Landscape
3.1 Market Share Analysis
3.2 Comparative Analysis
3.3 Product Benchmarking
3.4 End user profiling
3.5 Top 5 Financials Analysis
4. North America Industrial Switching Hub– Market Forces
4.1 Market Drivers
4.2 Market Constraints
4.3 Market Challenges
4.4 Attractiveness of the Industry
4.4.1 Power of Suppliers
4.4.2 Power of Customers
4.4.3 Threat of New entrants
4.4.4 Threat of Substitution
4.4.5 Degree of Competition
5. North America Industrial Switching Hub - Market Strategic Analysis
5.1 Value Chain Analysis
5.2 Pricing Analysis
5.3 Opportunities Analysis
5.4 Product/Market Life Cycle Analysis
6. North America Industrial Switching Hub Market– By Network
6.1 Ethernet
6.2 Fiber Channel
6.3 Asynchronous Transfer Mode
6.4 InfiniBand
6.5 Token Ring
6.6 Others
7. North America Industrial Switching Hub Market– By Technology
7.1 Wired LAN
7.2 Industrial POE
7.3 Fast Ethernet
7.4 Gigabit Ethernet
8. North America Industrial Switching Hub Market– By Management
8.1 Managed
8.2 Unmanaged
8.3 Websmart Models/Advanced
9. North America Industrial Switching Hub Market– By Form
9.1 Rack Mounted
9.2 DIN Rail Mounted
9.3 Chassis Mounted
10. North America Industrial Switching Hub Market– By Application
10.1 Data Centers
10.2 Small Office and Home Office (SOHO)
10.3 Telecom
10.4 Automation Industry (Manufacturing)
10.5 Enterprise/Corporate
10.6 Service Provider Networks (SPN)
10.7 Railway
10.8 Intelligent Transport Systems (Automotive)
10.9 Smart Grid (Power and Energy)
10.10 Oil and Gas
10.11 Others
11. North America Industrial Switching Hub Market – By Geography
11.1 U.S
11.2 Canada
11.3 Mexico
12. North America Industrial Switching Hub Market Entropy
12.1 New Product Launches
12.2 M&As, Collaborations, JVs and Partnerships
13. Company Profiles (Overview, Financials, SWOT Analysis, Developments, Product Portfolio)
13.1 Company 1
13.2 Company 2
13.3 Company 3
13.4 Company 4
13.5 Company 5
13.6 Company 6
13.7 Company 7
13.8 Company 8
13.9 Company 9
13.10 Company 10