Global Programmable Logic Controller Market 2017-2021 | Unitary PLCs Segment Dominates the Global Market | Technavio
LONDON--(BUSINESS WIRE)--Sep 13, 2018--According to the latest market research report released by Technavio, the global programmable logic controller market is expected to accelerate at a CAGR of almost 6% during the forecast period. The rising technological advances in PLCs is one of the key drivers for the market.
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According to the latest market research report released by Technavio, the global programmable logic controller market is expected to accelerate at a CAGR of almost 6% until 2021. (Graphic: Business Wire)
This research report titled ’ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
The global programmable logic controller market analysis categorizes the market into the following products:Unitary PLCs Modular PLCs Rackmount PLCs
In 2016, the unitary PLCs segment accounted for almost 38% of the programmable logic controller market share and is projected to decline to nearly 36% by 2021, exhibiting almost 2% decrease in market share.
Global programmable logic controller market: Top emerging trend
The evolution of IoT and Industry 4.0 is one of the key programmable logic controller market trends. The modern age of industrial production uses the concept of IoT and Industry 4.0 to bring more automation into the manufacturing process. The rising adoption of smart devices has been contributing to an increase in the demand for IoT in industrial production processes. The technological advancements in PLCs could transform into the cloud-based software to bring seamless connectivity through the Internet. This will help automation networks self-configure, self-regulate, and suggest efficiency improvements.
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive ReportMarket Outline Global Programmable Logic Controller Market Overview
Market InsightsMarket Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends
Market Segmentation AnalysisRegional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by product (unitary PLCs, modular PLCs, and rackmount PLCs) Market segmentation by end-user (process industry, discrete industry, and building automation)
Vendor LandscapeVendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (Mitsubishi Electric, OMRON, Rockwell Automation, Schneider Electric, and Siemens)
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INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS INTERNET SOFTWARE
SOURCE: Technavio Research
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PUB: 09/13/2018 04:53 PM/DISC: 09/13/2018 04:53 PM