At 10.8% CAGR, Middle East & Africa Single Pair Ethernet Market is Projected to be Worth US$ 290.94 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa single pair ethernet market was valued at US$ 128.46 million in 2022 and is expected to reach US$ 290.94 million by 2030, registering a CAGR of 10.8% from 2022 to 2030. Surging demand for IIoT in industrial automation and rising demand for robots and smart devices are among the critical factors attributed to drive the Middle East & Africa single pair ethernet market growth.

Single Pair Ethernet (SPE) is an end-to-end industrial Ethernet technology that is taking over the old legacy of Fieldbus networks and traditional Ethernet and smart manufacturing, creating a path for IIoT and Industry 4.0. With industrial communication technology getting advanced the demand for SPE is increasing in the market. It has been witnessed that there is a higher demand for solutions that would adapt to long-lasting strategies in smart manufacturing. The SPE is gaining high acceptance in industrial applications such as process automation and condition-based monitoring. The 10Base-T1 standard of the Institute of Electrical and Electronics Engineers (IEEE) permitted SPE to be utilized for faster connectivity, higher quality health insights, and higher performance in the smart manufacturing setting. As technology gets more sophisticated, manufacturers worldwide focus on staying ahead of competitors by revolutionizing business strategies to fulfill initiatives around machine learning, smart manufacturing, and industrial automation.

SPE is receiving acceptance in the process, automotive, transportation, industrial automation, robotics, and advanced manufacturing industries. The IEEE certified a new standard for single pair ethernet protocol - the IEEE 802.3cg standard (also depicted as the 10Base-T1). The 10Base-T1S "Short Range" is ideal for automotive, computing, and industrial applications within a range of 25 m. The 10Base-T1L "Long Range" is appropriate for IoT, Industrial areas (including factories, large warehouses, and many more) where the range is 1,000 m.

As more and more industrial components become smarter, the connections are no longer restricted to internal company networks. This factor has made the devices a part of the Internet. With increased collection and use of data, the need for more concentrated infrastructure is also increasing. At the same time, the advanced infrastructure of transforming industries is projected to take up less space and fewer resources and is promoting the use of more sensors and high network bandwidth. Thus, surging demand for IIOT in industrial automation is increasing the demand for SPE in the market.

On the flip side, compatibility issues with legacy systems hampers the growth of Middle East & Africa single pair ethernet market.

Based on type, the Middle East & Africa single pair ethernet market is bifurcated into infrastructure & device components and software & services. The infrastructure & device components segment held 72.0% market share in 2022, amassing US$ 92.46 million. It is projected to garner US$ 212.53 million by 2030 to register 11.0% 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 Middle East & Africa single pair ethernet market is segmented into robotics & automation, automotive & transportation, energy, machinery, and others. The robotics & automation segment held 46.5% share of Middle East & Africa single pair ethernet market in 2022, amassing US$ 59.79 million. It is anticipated to garner US$ 138.79 million by 2030 to expand at 11.1% CAGR during 2022-2030.

Based on country, the Middle East & Africa single pair ethernet market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 31.7% share of Middle East & Africa single pair ethernet market in 2022. It was assessed at US$ 40.73 million in 2022 and is likely to hit US$ 86.90 million by 2030, registering a CAGR of 9.9% during 2022-2030.

Key players operating in the Middle East & Africa 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, and Lapp Holding SE., among others.

• In July 2021, ClearBlade and Phoenix Contact has a partnership that delivers field IoT and Edge solutions via Intelligent Assets. The two companies have provided a full solution, including hardware, connectivity, edge, and cloud services. The collaboration dramatically shortens the time to deployment and, most importantly, time to value.
• In April 2020, the technology partnership between Phoenix Contact, Weidmüller, Reichle & De-Massari (R&M), Fluke Networks, and Telegärtner for the Single Pair Ethernet (SPE) has progressed to create the SPE System Alliance. In this combination, the leading technology companies from various industries and fields of application had come together to bundle their respective SPE expertise and ensure the target-oriented exchange of this knowledge.
  
  

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com