Programmable Logic Controller: Market Insights
The demand for programmable logic controllers is projected to grow at a significant CAGR over the forecast period. Rapid industrialization in the Middle East & African & Asia Pacific region is expected to boost the demand for programmable logic controllers. The growing preference for automated manufacturing facilities across the world is also expected to augment market demand over the coming years. The product has also gained popularity in civil applications such as elevators, washing machines, and traffic signals.
Programmable Logic Controller Market: Type Insights
On the basis of type, the programmable logic controller market is segmented into hardware, software and services. Programmable logic controllers are widely used to standardize and automate complex production processes in order to increase the efficiency of a factory/plant and lower operational cost. The hardware segment is further divided into processor, I/O module, and power supply. Programmable logic controller services include maintenance, training, and consulting.
Programmable Logic Controller Market: Application Insights
On the basis of application, the programmable logic controller market is segmented into chemical & petrochemical, automotive, paper & pulp, water & waste water treatment, energy & utilities, oil & gas, pharmaceutical, food, tobacco, & beverages, and others. Programmable logic controllers offer ease of programming, sequential control, counters & timers, and are easy to use. They can withstand high temperatures, vibrations, and humidity for a long period. High demand for programmable logic controllers are observed in the food processing, automotive, and oil & gas sector. These products have also experienced heavy demand for the glass, paper, and cement manufacturing industry.
Programmable Logic Controller Market: Regional Insights
The North American and European market occupy the largest share in the programmable logic controller market on account of high investment made by companies in automation and technologically advanced processes. The growing automotive production in countries such as Germany, the UK, Spain, and France is expected to propel demand in the European region. The Asia Pacific and Middle Eastern region are projected to grow at a high CAGR over the forecast period on account of rapid industrialization in countries such as China, India, and Japan among others.
Programmable Logic Controller Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Programmable Logic Controller Market: End-Use Landscape
The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic and inorganic growth strategies among others. Some of the companies who are likely to use programmable logic controllers include General Motors, Honda, and Ford among others.
Programmable Logic Controller: Market Share & Competitor Analysis
Some of the major companies engaged in the manufacture of distribution of programmable logic controllers include Omron, Mitsubishi Electric Corporation, Schneider Electric, Rockwell Automation, ABB Ltd, General Electric, Honeywell International, Omron Corporation, Bosch Rexroth, Siemens AG, Emerson Electric Co., Delta Electronics, Eaton, Panasonic, and Beckhoff Automation among others.
Please note: This is not an exhaustive list of companies profiled in the report.
The need for customized systems & solutions in production houses is expected to augment market demand. Companies operating in this industry are investing tremendously in research & development activities to provide efficient & specialized solutions to their clients.
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