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Global PLC Market in Power Industry 2015-2019

Global PLC Market in Power Industry 2015-2019

About PLC

A PLC is an industrial control product that regulates various automation and mechanical processes in manufacturing plants. It controls various automation applications in a plant by maintaining direct connectivity with field devices such as sensors, transmitters, and actuators. A PLC receives commands and signals from field devices and other industrial systems through a control system communication protocol. It uses programming languages such as ladder diagrams, functional block diagrams, and instruction lists to regulate processes.

Technavio's analysts forecast the global PLC market in the power industry to grow at a CAGR of 6.22% over the period 2014-2019.

Covered in this report

The global PLC market in the power industry can be categorized into three major segments: hardware, software, and services.

Technavio's report, Global PLC Market in Power Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, US, and ROW; it also covers the landscape of the global PLC market in the power industry and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.Key Regions

  • APAC
  • Europe
  • US
  • ROW
Key Vendors
  • Mitsubishi Electric
  • Rockwell Automation
  • Schneider Electric
  • Siemens
Other prominent vendors
  • ABB
  • Beckhoff
  • Bosch Rexroth
  • GE
  • Honeywell International
  • Idec
  • Keyence
  • Koyo
  • Omron
  • Panasonic
  • Toshiba
  • Yokogawa Electric
Market driver
  • Increasing automation needs
  • For a full, detailed list, view our report
Market challenge
  • Threat from open source PLCs
  • For a full, detailed list, view our report
Market trend
  • Cloud-based PLCs
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global PLC Market in Power Industry 2015-2019

Technavio recognizes the following companies as the key players in the Global PLC Market in Power Industry: Mitsubishi Electric, Rockwell Automation, Schneider Electric and Siemens

The other prominent vendors are: ABB, Beckhoff, Bosch Rexroth, GE, Honeywell International, Idec, Keyence, Koyo, Omron, Panasonic, Toshiba and Yokogawa Electric

Commenting on the report, an analyst from Technavio’s team said: “We expect the use of the cloud to manage PLCs to increase during the forecast period. PLCs are designed and installed at plant facilities to control and monitor particular sensors and transmitters. They are monitored through an HMI screen by a controller installed in the facility. Cloud computing technology helps organizations switch their databases to the cloud for easy access to complex data. However, the use of the cloud as a controller within plant facilities is still in the nascent stage because of fears of hacking and other security concerns. The use of cloud-based PLCs may rise in the future as most industries automate their processes and learn to adopt cloud technology for better data management.”

According to the report, the need for smart or automated factories has increased globally and process and discrete industries are seeking automation to boost plant efficiencies. Automation enables improved communication and precise coordination within factories, and ensures flexibility in the processes. Automation can reduce human involvement, machine downtime, operational costs, and enhance information sharing, operational control, and avoid major factory accidents. This has created demand for automation solutions such as DCS, SCADA, PLC, and HMI. Continuous monitoring and control of sensors at various levels is essential as many processes in the power industry are executed under difficult and harsh conditions. PLCs fill an irreplaceable need in these circumstances. In addition, the implementation of PLC-based systems reduces the possibility of accidents and process breakdown.

Further, the report states end-users seeking to upgrade their existing PLCs are unable to do so because it is a very expensive process. Hence, many end-users continue with their existing systems, which affects the growth of new emerging PLC vendors.

Companies Mentioned

Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens, ABB, Beckhoff, Bosch Rexroth, GE, Honeywell International, Idec, Keyence, Koyo, Omron, Panasonic, Toshiba, Yokogawa Electric

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Structure of PLC
        • Table Basic structure of PLC
        • Table Hardware of PLC
        • Table Comparison of PLC with other control systems
        • Table Product segmentation
    • Market size and forecast
      • Table Global PLC market in power industry 2014-2019 ($ millions)
    • Five forces analysis
  • Market segmentation by application
    • Global PLC market in power industry by type
      • Table Global PLC market in power industry by type 2014-2019
      • Table Global PLC market in power industry by type 2014-2019 ($ millions)
    • Global PLC hardware market in power industry
      • Table Global PLC hardware market in power industry 2014-2019 ($ millions)
    • Global PLC services market in power industry
      • Table Global PLC services market in power industry 2014-2019 ($ millions)
    • Global PLC software market in power industry
      • Table Global PLC software market in power industry 2014-2019 ($ millions)
  • Geographical segmentation
    • Global PLC market in power industry by geography
      • Table Global PLC market in the power industry by geographical segmentation 2014-2019
      • Table Global PLC market in power industry by geography 2014-2019 ($ millions)
    • PLC market in power industry in APAC
      • Table PLC market in power industry in APAC 2014-2019 ($ millions)
    • PLC market in power industry in Europe
      • Table PLC market in power industry in Europe 2014-2019 ($ millions)
    • PLC market in power industry in the US
      • Table PLC market in power industry in the US 2014-2019 ($ millions)
    • PLC market in power industry in ROW
      • Table PLC market in power industry in ROW 2014-2019 ($ millions)
  • Market drivers
    • Table Global PLC market in power industry
  • Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Table Trends in PLC market in power industry
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
  • Key vendor analysis
    • Mitsubishi Electric
    • Rockwell Automation
    • Schneider Electric
    • Siemens
  • Appendix
    • List of abbreviations
  • Explore Technavio

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