Global Programmable Logic Control (PLC) Market to grow at a CAGR of 7.56% during the period 2016 - 2020; Finds New Report

Report forecast the global programmable logic control (PLC) market to grow at a CAGR of 7.56% during the period 2016-2020.

PLC is a part of the automation control system, which is used in process and discrete industries. The automotive, oil and gas, and power industries invest heavily in automation solutions to increase productivity, maintain uniformity among geographically dispersed production process branches, and establish efficient plant monitoring and control.

The report covers the present scenario and the growth prospects of the global programmable logic control (PLC) market for 2016-2020. To calculate the market size, the report considers revenue generated from the following:

• Sales of hardware
• Sales of software licenses
• Renewal of software licenses
• Upgrades of existing solutions
• Maintenance
• Services

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, a key growth driver is the availability of PLC specifically for large, medium and small machines. The global industrial automation control market has reached a state of equilibrium. However, between 2011 and 2015, new and innovative PLCs designed to reduce product-engineering time were launched. For instance, in 2013, Siemens launched SIMATIC S7-1500 PLC - a next generation controller for medium to high-end machine and plant automation. High efficiency and performance are the major characteristic of this PLC.

Further, the report states that one challenge that could restrict market growth is the high software cost. Since the average cost of the software is generally high when compared to the hardware, SMEs are finding it expensive to adopt PLC in their plants.

Global Programmable Logic Control (PLC) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global programmable logic control (PLC) market: Mitsubishi Electric, Rockwell Automation, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: ABB, Beckhoff, Bosch Rexroth, GE, Honeywell International, IDEC, KEYENCE, Hitachi, Koyo Electronics, Omron, Panasonic, Toshiba, and Yokogawa Electric.

Market driver

• Availability of PLC specifically for large, medium, and small machines
• For a full, detailed list, view our report

Market challenge

• High software cost
• For a full, detailed list, view our report

Market trend

• Availability of integrated PLC-HMI with wide screen
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 71 pages and 32 Exhibit “Global PLC Market 2016 - 2020” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.

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