Single Pair Ethernet Market Scope and Key Players Analysis by 2030
Single Pair Ethernet Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 2.32 Billion |
Market Size by 2030 | US$ 6.2 Billion |
Global CAGR (2022 - 2030) | 13.1% |
Historical Data | 2020-2021 |
Forecast period | 2023-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
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.