“Programmable Logic Controller Market” research report would be to present the accurate and tactical analysis of the market assets, growing factors, supply, industry size, regional segmentation, dynamics as well as prices variant for its forecast year 2024. The report study provides key statistics on the market status of the Programmable Logic Controller manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
Scope of the Report:
PLC is the primary computing system, which controls automated machines. The system also helps in detecting any errors or flaws and alerts the technician. PLC systems are also preferred over traditional systems, like relays and switch boxes, due to their compact sizes. Another advantage of PLCs is their multi-functionality (owing to their programmable nature that can be used for multiple operations depending on the application).<
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Top Players Are:
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Key Market Trends:
Automotive End User Industry to Hold Significant Share
PLC has been adopted at the manufacturing stage to handle the ever-growing demands of the automotive industry. It was initially used as a relay replacement equipment in the automotive industry.
The demand for automobiles has been increasing steadily, The Center for Automotive Research (CAR) at the University of Duisberg-Essen has predicted that the global annual growth of cars is expected to be 2.2%. Owing to such potential growth, better production facilities enabled with automation are needed, which is expected to fuel the growth of PLCs in the domain.
The use of PLCs ensures high production and simplifies the complexity of the machinery being used. With technological advancements, PLCs can replace nearly 100 relays, making better space management and man management possible.
With the advent of other technologies, such as machine vision, collaborative robots, artificial intelligence for driverless/autonomous cars, cognitive computing in IoT-connected cars, the PLC market in automotive is expected to grow further.
United States to Witness Significant Growth
The United States is estimated to hold a major share in North America, owing to rise in industrial investment in the mining and oil and gas sectors, which fuelled the utilization of PLCs, thereby, propelling the market growth.
In addition, capital spending on construction and housing increased in the country and is expected to rise further, due to the government’s focus on smart cities, which is, in turn, expected to boost the market growth over the forecast period.
The formation of the Advanced Manufacturing Partnership (AMP)’ is one such initiative undertaken to make industries, universities, and the federal governments invest in the emerging technologies. This factor has helped the country to gain a competitive edge in the global economy.
Most of the companies present in the market are efficient at the technological front but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.
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Detailed TOC of Programmable Logic Controller Market Report 2020-2024:
1.1 Scope of the Study
1.2 Study Deliverables
2 RESEARCH METHODOLOGY
2.1 Study Assumptions
2.2 Analysis Methodology
2.3 Research Phases
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Increased Adoption of Automation Systems
4.3.2 Ease of Use and Familiarity with PLC Programming to Sustain Growth
4.4 Market Restraints
4.4.1 Demand for Customization of Products and Gradual Shift from Batch to Continuous Processing in Discrete Industries
4.4.2 Increase in Adoption of Distributed Control Systems (DCS), with Enhanced Safety and Advanced Control Capabilities
4.5 Industry Attractiveness- Porter’s Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 Nano PLC
5.1.2 Small PLC
5.1.3 Medium PLC
5.1.4 Large PLC
5.1.6 Modular I/O
5.2 By End-user Industry
5.2.1 Food and Beverage
5.2.5 Paper and Pulp
5.2.6 Oil and Gas
5.2.7 Water and Wastewater Treatment
5.2.8 Other End-user Industries
5.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Rest of Asia-Pacific
5.3.4 Latin America
184.108.40.206 Rest of Latin America
5.3.5 Middle East & Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 ABB Ltd.
6.1.2 Mitsubishi Electric Corporation
6.1.3 Schneider Electric SE
6.1.4 Rockwell Automation Inc.
6.1.5 Siemens AG
6.1.6 Honeywell International Inc.
6.1.7 Omron Corporation
6.1.8 Panasonic Corporation
6.1.9 Robert Bosch GmbH
6.1.10 Emerson Electric Co.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Name: Ajay More
Organization: Industry Research
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