TMCnet News
PLC Market - Global Outlook and Forecast 2017 - 2022LONDON, Oct. 18, 2017 /PRNewswire/ -- The global programmable logic controllers (PLC) market is expected to cross $46 billion by 2022. This report also provides the Porter's Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market. PLC Market: Key Vendor Analysis The competitive rivalry among vendors can be termed as moderate. While some vendors stay focused on certain end-users such as industrial automation, marine, and rail, many vendors have an extended product portfolio along with a wide array of integrable accessories and customization options. Major vendors in the market are as followings • Schneider Electric • Rockwell Automation • Siemens • Mitsubishi • Omron Other prominent vendors include ABB, General Electric, Toshiba, Kontron, Honeywell, Panasonic, Bosch Rexroth, Eaton, Emerson Electric, Yokogawa. PLC Market Dynamics Enterprise networking and remote access propelling the HMI-PLC technology Rise of augmented reality (AR) and immersive experiences, increased prominence of PACs and PLC-based PACs, more portable and open industrial automation architectures are the latest trends that is going to drive the market growth during the forecast period. Further, System-on-Chip (SoC) FPGAs provide a smarter approach to the PLC architecture and thus, the increased adoption of SoC FPGAs in programmable logic controllers architecture is also going to boost the market. Enterprise networking and remote access propelling the HMI-PLC technology, overwhelming rise in global industrial automation expenditure, rise of smart cities and need for intensive programmable logic controllers and sensor networks and PLC-controlled implementation for smart homes are among the major growth driving factors of the global market. The report also includes the growth restraints of the market. PLC Market: Segmental Overview Automotive sector to remain as the largest end-user segment The modular segment is expected to remain the largest segment as it is expected to contribute the maximum revenue and will witness maximum growth CAGR. Increased requirement for automation solutions in various industries, especially in manufacturing and varied applications among home and building automation end-users are some of the major growth boosters for this segment in the global PLC market. Rackmount programmable logic controllers are also expected to witness growth during the forecast period. In End- user segment the automotive segment is expected to remain the largest end user segment followed by chemicals and petro-chemical segment. PLC Market: Geographical Analysis The US is the world's largest market for programmable logic controllers The global PLC market, which is concentrated in four countries - China, Japan, Europe and the US - constituted almost half of the global market size in 2016. There has been a high degree of correlation observed with the extent of industrialization, availability, and investments in the public and private infrastructure and associated private and government spending on automation, constituting a major boost to the demand for programmable logic controllers. In 2022 the North America region is expected to dominate the market. The demand for programmable logic controllers in the region is driven by a high awareness of their advantages over conventional products, better product availability, and extensive reach of innovative products. North America is followed by APAC. China hosts some of the largest programmable logic controllers consumers in manufacturing in the world. The market in Europe is largely driven by the demand from key end-user industries in Germany, the UK, and France. Download the full report: https://www.reportbuyer.com/product/5151516 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers https://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com View original content:http://www.prnewswire.com/news-releases/plc-market---global-outlook-and-forecast-2017---2022-300539292.html SOURCE ReportBuyer |