PLC is a product that regulates various automation and mechanical processes in manufacturing plants. It controls applications by maintaining connectivity via 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 various programming languages such as ladder diagrams, functional block diagrams, and instruction lists to regulate processes.
Technavio's analysts forecast the PLC market in the US to grow at a CAGR of 5.84 percent over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the PLC market in the US for the period 2015-2019. To calculate the market size, the report covers the revenue generated from various end-user industries.
Technavio's report, the PLC market in the US, has been prepared based on an in-depth market analysis with inputs from industry experts. It presents the vendor landscape and a corresponding detailed analysis of the major vendors in the PLC market in the US. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
Technavio Announces the Publication of its Research Report – PLC Market in the US 2015-2019
Technavio recognizes the following companies as the key players in PLC Market in the US 2015-2019: ABB, GE, Mitsubishi Electric, Rockwell Automation, Schneider Electric and Siemens
Other Prominent Vendors in the market are: Beckhoff, Bosch Rexroth, Honeywell International, Idec, Keyence, KoyoElectronics, Omron, Panasonic, Toshiba and Yokogawa Electric
Commenting on the report, an analyst from Technavio’s team said: “Integration of PLCs with various enterprise applications is one of the emerging trends being witnessed in the PLC market in the US. Many manufacturing companies need enterprise-wide integrated PLC applications, especially PLCs that are integrated with ERP software. Enterprise-wide PLC applications increase the efficiency and effectiveness of a manufacturing plant. They also enable operators to manage the entire plant automation system with real-time information. In addition, a few automation vendors have started to develop strategic alliances with various ERP vendors to provide enterprise-wide PLC applications. Therefore, many vendors have started to enhance their market position by providing enterprise-wide PLC applications.”
According to the report, India, manufacturing companies are focusing on increasing efficiency in their production facilities. Enhanced efficiency gives manufacturers a competitive edge over their market rivals. In this regard, PLCs are employed to automate the electromechanical processes in various industries. The benefits of improved manufacturing efficiency include higher operating margins, better ROI, increased cash flow, better employee morale, better relationships with stakeholders, and a more favorable corporate and brand image. All these benefits in turn have a direct impact on the profitability of manufacturers, thus driving the growth of the PLC market in the US during the forecast period.
Further, the report states that PLC vendors are forced to differentiate their products to maintain their position in the market and gain a competitive edge over their rivals.
ABB, GE, Mitsubishi Electric, Rockwell Automation, Schneider Electric, Siemens, Beckhoff, Bosch Rexroth, Honeywell International, Idec, Keyence, KoyoElectronics, Omron, Panasonic, Toshiba, Yokogawa Electric
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