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Industrial Networking Solutions Market Share

Report ID: GMI8152
Published Date: Feb 2024
Report Format: PDF

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Industrial Networking Solutions Market Share

Siemens AG, Mitsubishi Electric Corporation and Emerson Electric Co. holds almost 30% of market share in industrial networking solutions industry, Siemens AG including industrial automation and digitalization, and has been a pioneer in industrial networking technologies. They provide a vast array of hardware and software solutions designed to enable smart manufacturing and Industry 4.0 initiatives.

Mitsubishi Electric Corporation offers a wide variety of electrical and electronic equipment, including automation systems and components for manufacturing. Their industrial networking solutions are integral to various applications requiring precise control and data communication. Emerson provides solutions that integrate their process control systems, ensuring efficient data flow and real-time monitoring for industries.

Industrial Networking Solutions Market Companies

Major companies operating in the industrial networking solutions industry are:

Advantech Co., Ltd.
Belden Inc.
Cisco Systems, Inc.
Eaton Corporation
Emerson Electric Co.
Honeywell International Inc.
Huawei Technologies Co., Ltd.
Mitsubishi Electric Corporation
Schneider Electric
Siemens AG

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of industrial networking solutions reached USD 26.5 billion in 2023 and is set to witness 14% CAGR from 2024 to 2032, owing to increasing demand for security testing suites in industrial networks worldwide.

The hardware segment held over 40% share in 2023 due to increasing need for industrial ethernet switches to bolster operational resilience.

Asia Pacific market recorded over 35% revenue share in 2023, attributed to the continuous innovations in industrial automation, IoT, and wireless communication technologies in the region.

Belden Inc., Cisco Systems, Inc., Eaton Corporation, Emerson Electric Co., Honeywell International Inc., Huawei Technologies Co., Ltd., Mitsubishi Electric Corporation, Schneider Electric, and Siemens AG are some of the major industrial networking solutions companies worldwide.