This research service analyses future trends in the global Programmable Logic Controllers (PLC) market. It determines the impact of maturing North American and European markets towards the growth dynamics of this market. Revenue forecasts for different geographic and end user segments have been provided till 2018. The study also analyses the market from a product prespective with focus on the following segments: Nano PLC, Small PLC, Medium PLC, Large PLC, Programmable Automation Controllers (PAC), Modular I/O, Software and Services. Market drivers and restraints and their impact over the short, medium, and long term have been discussed.
Programmable logic controllers (PLCs) have traditionally been and continue to be an integral part of automation and control systems across diverse industry verticals. Their presence is particularly felt in fast-paced, discrete applications.
The continuous emphasis on product innovation, in the automation domain, has resulted in bridging the gaps between functional capabilities of a discrete control system (DCS) and PLCs.
The global PLC market is a growth market, and has witnessed year-on-year revenue growth of about %, with revenue totalling $million in 2013. The market is anticipated to grow at a compound annual growth rate (CAGR) of % over the forecast period, to reach $ million in 2018.
The Asia-Pacific region (including Japan), with a % revenue share, was the largest revenue contributor in 2013. This region is also expected to be the fastest growing, with a projected CAGR of % from 2013 through 2018.
The global PLC market is consolidated, with the top participants accounting for nearly % of market revenue.
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