Single Pair Ethernet Market Share, Trends, and Forecast | 2030

[Research Report] The single pair ethernet market size was valued at US$ 2.32 billion in 2022 and is expected to reach US$ 6.20 billion by 2030; it is estimated to record a CAGR of 13.1% from 2022 to 2030.

 

Single Pair Ethernet Market Analyst Perspective:

As data centers evolve to meet increasing data processing needs, single pair ethernet offers advantages in terms of connectivity, efficiency, and performance. The growing number of data centers demands higher bandwidth to support increasing data traffic driven by cloud computing, streaming services, and emerging technologies. Single pair ethernet's ability to provide higher data rates than traditional fieldbus technologies positions it as a suitable solution for supporting the escalating bandwidth requirements within data center environments.

The adoption of edge computing, where processing occurs closer to the data source, is increasing to reduce latency and enhance real-time data processing. Further, the single pair ethernet market analysis considers various new data center launches. For instance, in September 2021, Vantage Data Centers opened its new facility in APAC due to two acquisitions and an equity raise of US$ 1.5 billion led by stakeholder DigitalBridge Investment Management.

Single pair ethernet supports simplified and streamlined connectivity within rack-level architectures in data centers. Its compact design and versatility make it suitable for connecting servers, switches, and other equipment within data center racks, contributing to efficient data flow. Therefore, the rising number of data centers is expected to positively impact the single pair ethernet market forecast.

Single Pair Ethernet Market Overview:

The single pair ethernet market report considers the evolution of industrial ethernet as a strong promoter of single pair ethernet adoption. Single pair ethernet is considered a backbone for the Industrial Internet of Things (IIoT) based applications and Industry 4.0. Modern machines, equipment, and systems perform complex tasks that encourage manufacturers to deploy a reliable & strong data network system to give a steady and constant flow of information to/from their devices, machines, equipment, and systems. Smart devices can seamlessly offer reliable data to/from their source and assist field service technicians and engineering plant managers in making real-time decisions through a strong communication network.

Single pair ethernet is a technology in which manufacturers and various end users are paving the path to the future success of IIoT. As technology improves, manufacturers globally seek to integrate smart manufacturing, industrial factory automation, and machine learning in their business models and activities. Such factors are expected to boost the single pair ethernet market size.

The increasing demand for industrial automation, IIoT-based applications, adoption of industrial robots, inclination toward having access to real-time monitoring applications, and number of smart devices is driving the single pair ethernet market growth. Moreover, the need for faster communication and self-diagnostic reporting with lesser downtime are other parameters creating a demand for single pair ethernet in different corners of the world, supporting market growth. Further, the requirement for higher data transmission rates has been limited for many years due to challenges about either the cable design or cost to benefit ratio of deploying advanced solutions. However, single pair ethernet has made it feasible for video surveillance cases that need more data power.

Augmented demand and data transmissions enable video surveillance and cameras to trigger security alarms faster to provide building security more time to respond to situations. The positive impact of the factors mentioned above was also considered while calculating the single pair ethernet market forecast.

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Single Pair Ethernet Market Driver:

Growing Manufacturing Sector Fuels Single Pair Ethernet Market Growth

 

The manufacturing sector is rapidly expanding with the increasing number of regions investing in manufacturing plants in their localities. As per the Global Manufacturing Risk Index (MRI) 2020, the US, Germany, China, India, and Japan are the leading countries in this sector. In addition to industrial advancements, governments in emerging economies were trying to expand the manufacturing sector in their respective countries. 3D printing, AI, and robots are the most commonly used technologies in the manufacturing sector. Japan, Germany, Canada, Australia, Austria, and Switzerland are among the prominent countries in the Industry 4.0 revolution.

Further, countries such as Australia, Kuwait, Saudi Arabia, and the UAE are experiencing favorable government support for strengthening the manufacturing sector. For instance, in Australia, the modern manufacturing initiative is a major element of the country's government's modern manufacturing strategy that aims to assist Australian manufacturers in scaling up and competing internationally. Similarly, India can become a global hub for manufacturing by 2030. Further, the demand for real-time manufacturing data, increased analytics, secure device-to-cloud computing, and monitoring applications is rising, increasing the demand for better industrial communication. This, in turn, is propelling the single pair ethernet market growth.

Single Pair Ethernet Market Segmental Analysis:

The global single pair ethernet market is segmented on the basis of type, infrastructure & device components, application, and geography. By type, the market is bifurcated into infrastructure & device components and software & services. Based on infrastructure & device components, the market is segmented into cables, connectors, and others. The cables segment is further segmented into 10Base-T1, 100Base-T1, and 1000Base-T1. Based on application, the market is segmented into robotics & automation, automotive & transportation, energy, machinery, and others. By geography, the market is split between North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).

By type, the market is bifurcated into infrastructure & device components and software & services. The infrastructure & device components segment held a larger single pair ethernet market share in 2022. The implementation of single pair ethernet necessitates the availability of cables, connectors, and other devices to ensure seamless network connectivity. Such factors promote single pair ethernet market growth.

Single pair ethernet cables are copper cables with only one twisted pair (single pair) for data transfer, especially used in industrial applications. A single pair ethernet cable arrangement employs one pair of wires (or conductors) to transport data at speeds of up to 10 Mbps (possibly up to 1 GBps in the future). This single pair cabling, designed for industrial users, can support up to 52 watts of DC power, covering a wide range of devices that require both power and data at distances of up to 1,000 meters. In March 2021, TE Connectivity (TE) unveiled the Raychem single pair ethernet (SPE) cable, offering a compact and lightweight solution that delivers accelerated data rates. This robust and adaptable SPE cable is specifically engineered to withstand several environmental conditions, making it appropriate for commercial and military aerospace, defense, electric vertical takeoff and landing (eVTOL) aircraft, and space applications. Such applications are expected to boost the global single pair ethernet market size.

Single Pair Ethernet Market Regional Analysis:

APAC held the largest single pair ethernet market share, valued at ~US$ 1.0 billion in 2022. It is projected to reach ~US$ 3.0 billion by 2030 and is expected to register a CAGR of 14.3% during 2022–2030. APAC is segmented into Australia, China, India, Japan, South Korea, and the Rest of APAC.

Over the last few years, APAC has recorded the fastest adoption of industrial automation for quick and efficient manufacturing operations. Despite the economic havoc caused by the onset of the COVID-19 pandemic in Japan, the country remained the second-largest market for industrial robots, following China. Japan is the largest exporter of industrial robotics. FANUC Corporation, Mitsubishi Electric Corporation, Yaskawa Electric Corp., and Kawasaki Robotics are among the leading robotics players producing a notable number of robots. Thus, the growing adoption of robotics and automation systems is expected to boost APAC’s single pair ethernet market share during the forecast period.

Single Pair Ethernet Market Regional Insights

The regional trends and factors influencing the Single Pair Ethernet Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Single Pair Ethernet Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Single Pair Ethernet Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Single Pair Ethernet Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Single Pair Ethernet Market are:

1. Belden Inc
2. Lapp Holding SE
3. PHOENIX CONTACT GmbH & Co. KG
4. Weidmuller Interface GmbH & Co KG
5. HARTING Applied Technologies GmbH

Disclaimer: The companies listed above are not ranked in any particular order.

Single Pair Ethernet Market Key Player Analysis:

Key single pair ethernet market trends indicate that the major players are taking measures to take advantage of the opportunities in emerging markets. Analog Devices Inc, Belden Inc, HARTING Applied Technologies GmbH, Lapp Holding SE, LEONI AG, Phoenix Contact Development and Manufacturing Inc, TE Connectivity Ltd, The Siemon Co, Weidmuller Interface GmbH & Co KG, and Würth Elektronik GmbH & Co KG are among the prominent players included in the global single pair ethernet market report. Several other important players were also analyzed during this single pair ethernet market analysis to get a holistic view of the global market and its ecosystem. The leading players focus on feature upgrades, expansion and diversification, collaboration, and acquisition strategies, which enable them to grab new business opportunities.

Single Pair Ethernet Market Recent Developments:

The players highly adopt inorganic and organic strategies. Following are a few major developments:

• In January 2024, Analog Devices Inc and Honeywell International collaborated to explore the implementation of digital connectivity technologies without replacing existing wiring. This partnership aims to leverage the use of single pair ethernet technology to upgrade building management systems.
• In December 2023, LAPP Holding SE unveiled its innovative single pair ethernet portfolio, representing a major advancement in the field of industrial automation. LAPP's introduction of its comprehensive single pair ethernet portfolio signifies the company's recognition of the growing demand for this technology in industrial automation. The range includes a wide variety of single pair ethernet cables, connectors, and accessories tailored to meet the diverse needs of different applications and environments.