Manufacturing AUTOMATION

HMS Networks shares results of annual analysis of industrial network market

July 2, 2024
By Manufacturing AUTOMATION

HMS Networks annually conducts a comprehensive analysis of the industrial network market. With this analysis, the company aims to estimate the distribution of new connected nodes by type and protocol within factory automation.

The company shares that the latest study indicates that the industrial network market continues to expand, with an anticipated seven percent growth in 2024. As per the report, Industrial Ethernet remains the dominant player, representing a substantial 71 percent of all newly installed nodes (compared to 68 percent last year). Meanwhile, fieldbuses have declined to 22 percent (from 24 percent), and wireless technologies have seen a slight dip from eight percent to seven percent. Among the top contenders, PROFINET account for 23 percent of newly installed nodes, followed closely by EtherNet/IP at 21 percent, and EtherCAT now stands at 16 percent.

Each year, HMS Networks presents its analysis of the industrial network market, focusing on newly installed nodes within factory automation globally. As an independent supplier of solutions within Industrial ICT (Information and Communication Technology), HMS states that it has substantial insight into the industrial network market. The 2024 study includes estimated market shares and growth rates for fieldbuses, industrial Ethernet, and wireless technologies.

In the 2024 study, HMS concludes that the industrial network market continues to grow, with total market growth in 2024 expected to be more than seven percent, confirming the continued importance of network connectivity in factories.

  • Growing by 12 percent, Industrial Ethernet accelerates its growth and continues to capture market share. Industrial Ethernet now accounts for 71 percent of the global market for newly installed nodes in factory automation (compared to 68 percent last year). PROFINET is the largest protocol, with a market share of 23 percent, surpassing EtherNet/IP, which accounts for 21 percent of new nodes. The popularity of EtherCAT remains strong and is now securely in third place with a 16 percent market share.
  • Traditional serial fieldbus installations continue to lose momentum. While fieldbus installations still constitute a significant portion of new nodes added, annual growth is expected to drop by two percent in 2024. PROFIBUS leads the fieldbus rankings with a seven percent market share, followed by an even distribution among other well-known fieldbus protocols. Together, fieldbuses account for 22 percent of the market in 2024. Despite the decline in new fieldbus nodes, many devices, machines, and factories will continue to rely on these well-functioning and proven fieldbuses for years to come.
  • Wireless technologies have seen steady growth in recent years, although the pace of growth is now reported to have slightly decreased. Wireless solutions still comprise a robust seven percent of the total share by type. The market continues to introduce more products with support for industrial wireless, and acceptance of wireless solutions in factory settings is on the rise. Typical use cases include cable replacement applications, wireless machine access, and connectivity to mobile industrial equipment.

“Connectivity is now standard in factory automation, with Industrial Ethernet leading the way. However, as we look ahead, we anticipate a dynamic landscape with emerging trends and technologies. While Industrial Ethernet currently dominates, we’ll witness exciting changes and innovations that will shape the future of industrial networking,” said Magnus Jansson, product marketing director at HMS Networks, Business Unit Anybus.

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