At 11.7% CAGR, Europe Single Pair Ethernet Market is Projected to be Worth US$ 1,293.41 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe single pair ethernet market was valued at US$ 534.81 million in 2022 and is expected to reach US$ 1,293.41 million by 2030, registering a CAGR of 11.7% from 2022 to 2030. Rising demand for robots and smart devices and rising requirement for SPE in automotive applications are among the critical factors attributed to drive the Europe single pair ethernet market growth.

There has been a rapid increase in the application of industrial robots in automotive and consumer electronics industries. Automotive, pharmaceuticals, packaging, and food & beverages are prominent industries where automated robotics systems are used. The scope of SPE will expand in the coming years with the growing use of robotics in manufacturing industries. SAB Bröckskes GmbH & Co. KG provides SPE for robots with UL recognition.

Industrial robots are creating high demands for cables and other supply lines for robotics devices to fulfill their current task. The cable manufacturers are providing optimized ethernet cables as these are highly flexible cables. In addition to the growing demand for industrial robots, the demand for smart devices is also expanding, which is expected to create lucrative business opportunities for the growth of the SPE market. There is rising demand for products with smaller sizes along with greater functionality. The penetration of smart devices has to rise due to the rising demand for products with increased communication and smaller sizes with greater functionality. A strong and reliable communication network enables smart devices to seamlessly transfer accurate data to and from their source, supporting field service technicians and engineering plant managers in making real-time decisions. Thus, rising demand for robots is increasing the single pair ethernet market growth.

On the flip side, compatibility issues with legacy systems hampers the growth of Europe single pair ethernet market.

Based on type, the Europe single pair ethernet market is bifurcated into infrastructure & device components and software & services. The infrastructure & device components segment held 74.8% market share in 2022, amassing US$ 400.13 million. It is projected to garner US$ 983.59 million by 2030 to register 11.9% CAGR during 2022-2030. Further, infrastructure & device components segment is sub segmented into cables, connectors, and others. Also, the cables segment is divided into 10Base-T1, 100Base-T1, and 1000Base-T1.

In terms of application, the Europe single pair ethernet market is segmented into robotics & automation, automotive & transportation, energy, machinery, and others. The robotics & automation segment held 40.8% share of Europe single pair ethernet market in 2022, amassing US$ 218.03 million. It is anticipated to garner US$ 539.83 million by 2030 to expand at 12.0% CAGR during 2022-2030.

Based on country, the Europe single pair ethernet market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 30.3% share of Europe single pair ethernet market in 2022. It was assessed at US$ 162.05 million in 2022 and is likely to hit US$ 427.08 million by 2030, registering a CAGR of 12.9% during 2022-2030.

Key players operating in the Europe single pair ethernet market are the Siemon Co, Würth Elektronik GmbH & Co KG, TE Connectivity Ltd, LEONI AG, Analog Devices Inc, HARTING Applied Technologies GmbH, Weidmuller Interface GmbH & Co KG, PHOENIX CONTACT GmbH & Co. KG, Lapp Holding SE, and Belden Inc., among others.

• In January 2021, Belden has entered into a definitive agreement to acquire privately-held OTN Systems N.V., a leading provider of automation networking infrastructure solutions, for approximately $71 million, net of cash acquired

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