Industrial Ethernet expected to grow 11.6% by 2014
According to a recently published report from IMS Research, the 11.6% average annual growth of Ethernet-based industrial communication technologies from 2010 to 2014 is a solid indicator for the rate of recovery from the recession.
Although more than 5 million new Ethernet nodes were installed in industrial automation networks in 2008, the number was estimated to have fallen by 10.7% to fewer than 4.7 million in 2009, according to a recently published report from IMS Research (Wellingborough, UK), which analyzed 16 major product groups to assess their Ethernet networking connectivity and use. Forecasts of industrial production by sector were used to give a realistic projection of Ethernet use in industrial automation to 2014.
“This was a significant fall but far less than that in product shipments,” commented John Morse, author of the report. “This indicates the continuing growth in the use of Ethernet-based communication technologies in industrial applications.” Morse continued, “The average annual growth from 2008 to 2014 is forecast as 7.2%. However, the annual growth from 2010 to 2014 of 11.6% is a better indicator for the rate of recovery from the recession.”
He went on to explain that the report forecast differences between the three main regions, with Asia recovering the fastest from 2010 at an estimated growth rate of over 14% per year, and EMEA and the Americas growing at 11.1% and 10.3%, respectively.
Source: IMS Research
-- Posted by Vision Systems Design