At 10.1% CAGR, South & Central America Single Pair Ethernet Market is Projected to be Worth US$ 232.63 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the South & Central America single pair ethernet market was valued at US$ 107.80 million in 2022 and is expected to reach US$ 232.63 million by 2030, registering a CAGR of 10.1% from 2022 to 2030. Increasing adoption of power over data line (PoDL) capabilities and rising requirement for SPE in automotive applications are among the critical factors attributed to drive the South & Central America single pair ethernet market growth.

The increasing adoption of Power over Data Line (PoDL) capabilities is anticipated to be a significant trend in the Single Pair Ethernet (SPE) market. PoDL allows the simultaneous transmission of power and data over a single pair of wires, providing several advantages across various industries. PoDL enables the transmission of power to connect devices without the need for a separate power cable. This efficiency is particularly valuable in applications where simplified cabling and reduced installation complexity are essential. For example, in industrial settings, PoDL can power sensors, actuators, and other devices, streamlining the deployment of automation systems. PoDL enables devices to receive power and data through a single cable, providing flexibility in device placement. This flexibility is advantageous in scenarios where devices need to be deployed in locations that are challenging to reach with separate power and data lines. For instance, in building automation, PoDL can power and connect sensors or actuators in locations that are difficult to access with traditional cabling methods. As industries evolve and adopt more power-hungry devices, PoDL-equipped SPE systems can scale to meet increasing power demands. Thus, the increasing adoption of PoDL capabilities is offering efficiency, flexibility, and cost savings across various industries and applications. The combination of data and power delivery in a single cable aligns with the evolving requirements of modern connectivity solutions.

On the flip side, compatibility issues with legacy systems hampers the growth of South & Central America single pair ethernet market.

Based on type, the South & Central America single pair ethernet market is bifurcated into infrastructure & device components and software & services. The infrastructure & device components segment held 73.6% market share in 2022, amassing US$ 79.38 million. It is projected to garner US$ 173.68 million by 2030 to register 10.3% 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 South & Central America single pair ethernet market is segmented into robotics & automation, automotive & transportation, energy, machinery, and others. The robotics & automation segment held 43.6% share of South & Central America single pair ethernet market in 2022, amassing US$ 46.99 million. It is anticipated to garner US$ 103.25 million by 2030 to expand at 10.3% CAGR during 2022-2030.

Based on country, the South & Central America single pair ethernet market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 58.8% share of South & Central America single pair ethernet market in 2022. It was assessed at US$ 63.36 million in 2022 and is likely to hit US$ 141.20 million by 2030, registering a CAGR of 10.5% during 2022-2030.

Key players operating in the South & Central 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 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.
• In January 2021, HARTING collaborates with MIT to help identify innovative CONNECTIVITY+ opportunities and thus expands longstanding cooperation. HARTING has announced that it has joined the Massachusetts Institute of Technology (MIT) Industrial Liaison Program (ILP) to become a member of one of the world's leading innovation ecosystems.
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