Increasing penetration of PoE a major driver of industrial communication cables market: Analyst

May 1, 2018
Technavio forecasts the industrial communication cables market through 2022

Technavio’s latest market research report on the global industrial communication cables market provides an analysis of the most important emerging trends expected to impact the market’s outlook from 2018-2022. The firm defines an “emerging trend” as a factor that has the potential to significantly impact the market and contribute to its growth or decline. According to Technavio’s analysts, the global industrial communication cables market will grow at a compound annual growth rate (CAGR) of more than 12 percent during the forecast period.

The increasing penetration of Power over Ethernet (PoE) is cited as a major factor driving the market’s growth. Per the report, “Power over Ethernet enables a single 8-wire cable to transmit data and direct current. PoE is used as an essential power feature of a network switch, or via peripheral devices, installed between the switch and the physical devices in the network. The adoption of PoE in industrial facilities has proven to be economical for the end-user while increasing the connectivity strength. PoE also allows physical devices to be easily configured within a network.”

In the new report, Technavio highlights the evolution of highly flexible industrial communication cables in the wake of wireless communication as one of the key emerging trends driving the global industrial communication cables market. “Several end-user industries have started using multiple networking systems,” notes the report’s executive summary. “These end-user industries can choose from a number of options due to the introduction of wireless communication protocols. One system can be used for internal communications in an industry, whereas the other can be used for external communications (i.e., the communication of an industrial facility with its conference rooms)."

“Industrial communication cable manufacturers are facing issues related to the cable design for different environments,” adds the researcher. “Industrial communication cables are designed for a specific range of temperature, pressure, and other parameters. However, this does not assure that these cables will run smoothly in rough environments. Industrial communication cables are also prone to external interference in the environment.”

Technavio segments the global industrial communication cables market into end-users for process industries and discrete industries, and key regions including the Americas, APAC, and EMEA. The analyst says the process-industries segment held the largest market share in 2017, accounting for nearly 65 percent of the market. The high adoption of industrial communication protocols can be attributed to the early adoption of advanced technologies in process industries, adds the analyst. The market share for process industries end-users is expected to decrease by 2022.

According to the analyst, the fastest growing end-user is discrete industries, which will account for about 35 percent of the total market share by 2022. The Americas is identified as the leading region for the global industrial communication cables market in 2017, accounting for a market share of approximately 44 percent. The high adoption of the IIoT [Industrial Internet of Things] among the end-user industries is seen as driving the demand for industrial communication protocols in this region. In APAC, increasing industrial investments are expected to drive the market during the forecast period.

Sponsored Recommendations

Power up your system integration with Pulse Power - the game-changing power delivery system

May 10, 2023
Pulse Power is a novel power delivery system that allows System Integrators to safely provide significant power, over long distances, to remote equipment. It is a Class 4 power...

400G in the Data Center

Aug. 3, 2022
WHATS NEXT FOR THE DATA CENTER: 400G and Beyond

The Agile and Efficient Digital Building

May 9, 2023
This ebook explores how intelligent building solutions can help businesses improve network infrastructure management and optimize data center operations in enterprise buildings...

Revolutionize Your Network with Propel Fiber Modules

Oct. 24, 2023
Propel Fiber Modules are your gateway to the future of connectivity.