Global PLC Market By Revenue Is Expected To Grow At A CAGR Of Over 5% During The Forecast Period 2020–2025

The global PLC market by revenue is expected to grow at a CAGR of over 5% during the period 2019–2025. The global PLC market, which is concentrated in five countries – the US, Japan, China, Germany, and Canada – constitutes over half of the global PLC market size, accounting for 48% of the global sales in 2019. 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 PLCs. Further, trade barriers, availability of automation technology, service providers, and implementation models for infrastructural programs determine the extent of demand for PLCs in various geographies. The rise of Augmented Reality and immersive experiences has started to change the interaction with machines and systems slowly, which is likely to increase the scope for implementation of PLCs. Further, PLC-based PACs are likely to gain an edge over conventional types, especially in large-scale applications that warrant a high degree of automation.

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Prominent Vendors

• Schneider Electric
• Rockwell Automation
• Siemens
• Mitsubishi Electric
• Omron
• ABB
• Altman Lighting
• Bosch Rexroth
• Eaton
• Emerson Electric
• General Electric
• Honeywell
• Kontron
• Panasonic
• Infineon Technologies
• Delta Electronics

Insights by Vendors

The global PLC market share is currently witnessing intense competition among major players. The global market is dominated by key players, including Siemens, Mitsubishi, Rockwell Automation, Schneider Electric, and Omron. The rapidly changing market dynamics with regard to product innovation and advancement is acting as a catalyst to intensify the competition among existing players. Consumers have several choices with respect to product availability. The present scenario is driving vendors to alter and redefine their unique value proposition to achieve a strong presence. Major players largely dominate the market. However, smaller vendors are providing products with generic specifications at a relatively low price. Also, the market showcases flexible behavior in terms of the adoption of new innovative products. This develops a major challenge for smaller players as they have limited resources to invest in research and development.

GLOBAL PLC MARKET SEGMENTATION

The global PLC market research report includes a detailed segmentation by type, end-users, and geography. Modular PLCs are employed in medium to large-scale industries. Increased requirements for automation solutions in several industries, especially in manufacturing and other varied applications among home and building automation end-users, are the major growth boosters for the segment.Rackmount PLCs are mostly finding applications in the manufacturing industry as they are capable of functioning in the extreme industrial environment. They are mainly used in mining and oil industries, and automation systems, where there is a high level of complexity involved. The rackmount segment continues to witness growth on account of the growing need for data management and processing and increased facelift of the industrial sector due to technology and modernization.

A high level of automation technology and product manufacturing is involved in the automobile manufacturing industry, which is increasing the potential of PLC applications. The chemical industry installs PLCs for real-time implementation of load management processes. The chemical and petrochemical industry requires inspections frequently as there are high possibilities of errors at measuring and various other stages. Therefore, automation technology makes the process easy and straightforward, thereby increasing reliability and decreasing the chances of human errors.

In the food industry, PLCs are employed as part of automation in the production line. They have not only transformed the way assembly lines are controlled or sequenced but also made the manufacturing process more efficient. The APAC region will account for one-third of the market with a major demand expected to come from China, Japan, South, and Korea. As these regions are witnessing high automation in the F&B industry, increased demand for PLC in processed and packaged food companies is likely to underpin the market.

Table of Content

1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.4 Market Segments
4.4.1 Market Segmentation by Type
4.4.2 Market Segmentation by End-user
4.4.3 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

The study considers the present scenario of the PLC market and its market dynamics for the period 2019−2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspect of the market. It profiles and examines leading companies and other prominent ones operating in the market.

Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-91139

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market).”

Key Questions Answered

1. What is the global PLC market size and growth forecast?
2. What are the factors impacting the Asia Pacific PLC market growth?
3. What are the drivers, trends, and restraints impacting the Automotive PLC market?
4. Who are the top 3 manufacturers of PLCs and what is the growth of Rockwell automation market share?
5. What is the impact of the COVID-19 pandemic on the programmable logic controller (PLC) market?

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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