Report : North America Single Pair Ethernet Market Forecast to 2030 - Regional Analysis - by Type (Infrastructure & Device Components and Software & Services), Infrastructure & Device Components [Cables (10Base-T1, 100Base-T1, 1000Base-T1), Connectors, and Others], and Application (Robotics & Automation, Automotive & Transportation, Energy, Machinery, and Others)
At 12.8% CAGR, North America Single Pair Ethernet Market is Speculated to be Worth US$ 1,093.66 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the North America single pair ethernet market was valued at US$ 417.61 million in 2022 and is expected to reach US$ 1,093.66 million by 2030, registering a CAGR of 12.8% from 2022 to 2030. Rising number of data centers and increasing adoption of power over data line (PoDL) capabilities are among the critical factors attributed to drive the North America single pair ethernet market growth.
As data centers evolve to meet increasing data processing needs, SPE 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. SPE's ability to provide higher data rates than traditional fieldbus technologies position 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. Also, in December 2023, Blackstone announced a joint venture to spend US$ 7 billion on developing data centers in the US. SPE supports simplified and streamlined connectivity within rack-level architectures. Its compact design and versatility make it suitable for connecting servers, switches, and other equipment within data center racks, contributing to efficient data flow. SPE aligns with existing Ethernet standards, making it a natural fit for integration into data center networks. Its compatibility ensures a smooth transition and coexistence with other Ethernet-based technologies in data center environments. Therefore, the rising number of data centers is expected to be a significant trend for the single pair ethernet market.
On the flip side, compatibility issues with legacy systems hampers the growth of North America single pair ethernet market.
Based on type, the North America single pair ethernet market is bifurcated into infrastructure & device components and software & services. The infrastructure & device components segment held 75.9% market share in 2022, amassing US$ 316.83 million. It is projected to garner US$ 838.28 million by 2030 to register 12.9% CAGR during 2022-2030. Further, infrastructure & device components segment is subsegmented into cables, connectors, and others. Also, the cables segment is divided into 10Base-T1, 100Base-T1, and 1000Base-T1.
In terms of application, the North America single pair ethernet market is segmented into robotics & automation, automotive & transportation, energy, machinery, and others. The robotics & automation segment held 42.0% share of North America single pair ethernet market in 2022, amassing US$ 175.27 million. It is anticipated to garner US$ 471.28 million by 2030 to expand at 13.2% CAGR during 2022-2030.
Based on country, the North America single pair ethernet market is categorized into the US, Canada, Mexico. Our regional analysis states that the US captured 75.2% share of North America single pair ethernet market in 2022. It was assessed at US$ 314.13 million in 2022 and is likely to hit US$ 819.15 million by 2030, registering a CAGR of 12.7% during 2022-2030.
Key players operating in the North America 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 November 2021, Analog Devices announced its engineering processes are now certified as compliant with ISO/SAE 21434:2021, the new automotive cybersecurity standard for the production of road vehicle electrical and electronic (E/E) systems.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com