PLC Market - Global Outlook and Forecast 2017 - 2022
The global programmable logic controllers (PLC) market is expected to cross $46 billion by 2022. Establishment of semiconductor fabs and electronic assembly units in the Asian economies of Japan, South Korea, Taiwan and China that involve the highest degree of automation is set to increase the demand for PLCs. The US is the world’s largest market for PLCs, driven by a high degree of automation, better availability of range and awareness, followed by China. The modular PLC segment continues to witness maximum growth and will remain the dominant segment.
Base Year: 2016
Forecast Year: 2017−2022
Major vendors profiled in the report are as following:
Other prominent vendors include ABB, General Electric, Toshiba, Kontron, Honeywell, Panasonic, Bosch Rexroth, Eaton, Emerson Electric, and Yokogawa.
Scope of the Report
The report includes a detailed study of growth drivers, trends, and restraints of global PLC market. It considers the sale of programmable controllers or programmable logic controllers (PLC) at the manufacturer level to arrive at the market size. Both the first-time and replacement demands were factored in while arriving at the market estimates annually. The report provides the analysis of key segments of the market by product type, end-user, geography, and vendors. It provides a detailed analysis of revenue from various segments:
Chemicals and Petro-chemicals
Mining and metallurgy
Paper, packaging, and printing
Food and beverages
Water and waste water treatment sector
Oil and gas sector
The report provides a holistic view of the global PLC market, the companies involved in the market, and the factors driving its growth. The report also provides information about the latest trends that are likely to become strong market driving forces over the next five years. This report also provides the Porter’s Five Forces analysis along with a description of each force and its impact on the market. Further, the report also provides complete value chain analysis of the global market.
PLC Market: Key Vendor Analysis
The competitive rivalry among vendors can be termed as moderate. While some vendors stay focused on certain end-users such as industrial automation, marine, and rail, many vendors have an extended product portfolio along with a wide array of integrable accessories and customization options.
Major vendors in the market are as followings
Other prominent vendors include ABB, General Electric, Toshiba, Kontron, Honeywell, Panasonic, Bosch Rexroth, Eaton, Emerson Electric, Yokogawa.
PLC Market Dynamics
Enterprise networking and remote access propelling the HMI-PLC technology
Rise of augmented reality (AR) and immersive experiences, increased prominence of PACs and PLC-based PACs, more portable and open industrial automation architectures are the latest trends that is going to drive the market growth during the forecast period. Further, System-on-Chip (SoC) FPGAs provide a smarter approach to the PLC architecture and thus, the increased adoption of SoC FPGAs in programmable logic controllers architecture is also going to boost the market.
Enterprise networking and remote access propelling the HMI-PLC technology, overwhelming rise in global industrial automation expenditure, rise of smart cities and need for intensive programmable logic controllers and sensor networks and PLC-controlled implementation for smart homes are among the major growth driving factors of the global market. The report also includes the growth restraints of the market.
PLC Market: Segmental Overview
Automotive sector to remain as the largest end-user segment
The modular segment is expected to remain the largest segment as it is expected to contribute the maximum revenue and will witness maximum growth CAGR. Increased requirement for automation solutions in various industries, especially in manufacturing and varied applications among home and building automation end-users are some of the major growth boosters for this segment in the global PLC market. Rackmount programmable logic controllers are also expected to witness growth during the forecast period. In End- user segment the automotive segment is expected to remain the largest end user segment followed by chemicals and petro-chemical segment.
PLC Market: Geographical Analysis
The US is the world’s largest market for programmable logic controllers
The global PLC market, which is concentrated in four countries - China, Japan, Europe and the US - constituted almost half of the global market size in 2016. 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 programmable logic controllers. In 2022 the North America region is expected to dominate the market. The demand for programmable logic controllers in the region is driven by a high awareness of their advantages over conventional products, better product availability, and extensive reach of innovative products. North America is followed by APAC. China hosts some of the largest programmable logic controllers consumers in manufacturing in the world. The market in Europe is largely driven by the demand from key end-user industries in Germany, the UK, and France.
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