AP NEWS

Global Programmable Logic Controller Market 2018-2022 | Industry Analysis and Forecast | Technavio

August 29, 2018

LONDON--(BUSINESS WIRE)--Aug 29, 2018--The global programmable logic controller market is expected to post a CAGR of close to 6% during the period 2018-2022, according to the latest market research report by . However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth. (PLC)

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180829005669/en/

Technavio has published a new market research report on the global programmable logic controller market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the growing demand for customized and miniaturized PLCs. The end-users have been increasingly demanding customized PLCs that can cater to their specific needs due to the increasing adoption of automation in industries and the rising complexity in different automation processes. The issues associated with conventional PLCs, including space limitation and process complexity, can be solved by using customized PLCs.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the technological advances in PLCs as one of the key emerging trends in the global programmable logic controller market:

Global programmable logic controller market: Technological advances in PLCs

The vendors are offering new features in PLCs by enhancing their capabilities and extending their application areas. The introduction of programmable automation controller (PAC) is one of the technological advances in PLCs. Programmable automation controller is the integration of a PLC and a PC.

“PACs consist of an open architecture and have a modular design due to which the PLCs can be used to operate several devices, networks, and systems. PACs modular design provides easy expansion and removal of devices and sensors and facilitates easy addition and monitoring of multiple I/O points,” says a senior analyst at Technavio for research on automation.

Global programmable logic controller market: Segmentation analysis

This market research report segments the global programmable logic controller market by product (unitary PLC, modular PLC, and rackmount PLC), by end-user (process industry, discrete industry, and building automation), and geography (the Americas, APAC, and EMEA).

The unitary PLC segment held the largest market share in 2017, accounting for nearly 38% of the market. This product segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with more than 62% of the market share, followed by the Americas and APAC respectively. EMEA is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180829005669/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE INTERNET SOFTWARE

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 08/29/2018 02:26 PM/DISC: 08/29/2018 02:26 PM

http://www.businesswire.com/news/home/20180829005669/en

AP RADIO
Update hourly