Global Programmable Logic Controller (PLC) Market 2018-2022 - Increasing Requirement of PLCs in Smart Factories Driving Market Growth - ResearchAndMarkets.com
Sep. 03, 2018
DUBLIN--(BUSINESS WIRE)--Sep 3, 2018--The "Global Programmable Logic Controller (PLC) Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The global programmable logic controller (PLC) market to grow at a CAGR of 5.68% during the period 2018-2022.
Global Programmable Logic Controller (PLC) Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of PLCs across several end-user industries.
According to the report, one of the major drivers for this market is the increasing requirement of PLCs in smart factories. Rising adoption of automated systems has led to the emergence of smart factories equipped with more numbers of connected devices, data transference facilities, and automated systems. Such a growing need for PLCs from the smart factory sector is likely to proliferate the PLC market demand in the upcoming years.
The latest trend gaining momentum in the market is the technological advances in PLCs. Vendors are encouraging the introduction of programmable automation controller (PACs), which can be often described as the integration of a PLC and a PC. This, will further, lead to the growth of the PLC market during the predicted period.
Further, the report states that one of the major factors hindering the growth of this market is the growing market for industrial PC and DCS as substitutes. The developments in industrial PCs and DCS are further likely to affect the demand for PLCs, which can be a major challenge for the market.
Key vendorsMitsubishi Electric OMRON Rockwell Automation Schneider Electric Siemens
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Market Segmentation By Product
Part 08: Customer Landscape
Part 09: Market Segmentation By End-User
Part 10: Regional Landscape
Part 11: Decision Framework
Part 12: Drivers And Challenges
Part 13: Market Trends
Part 14: Vendor Landscape
Part 15: Vendor Analysis
Part 16: Appendix
For more information about this report, visit https://www.researchandmarkets.com/research/df6bk2/global?w=4.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180903005227/en/
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Related Topics:Industrial Automation
INDUSTRY KEYWORD: TECHNOLOGY ELECTRONIC DESIGN AUTOMATION HARDWARE OTHER TECHNOLOGY MANUFACTURING ENGINEERING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 09/03/2018 11:23 AM/DISC: 09/03/2018 11:23 AM