“The programmable logic controller (PLC) market is anticipated to register a CAGR of 3.7% over the forecast period (2019 – 2024).”
Programmable Logic Controller Market report contains a forecast of the next 5 years, starting 2019 and ending 2024 with a host of metrics like supply-demand ratio, Programmable Logic Controller market frequency, dominant players of Programmable Logic Controller market, driving factors, restraints, and challenges. The report also contains market revenue, sales, Programmable Logic Controller production and manufacturing cost that could help you get a better view on the market. The Report Focuses on the key Global Programmable Logic Controller manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
The programmable logic controller (PLC) market was valued at USD 11.53 billion in 2017. The deployment of PLC systems enables the identification and rectification of errors and can initiate rapid responses even without human intervention. Hence, these automated PLC systems are estimated to assist in reducing the machine downtime from 20% to almost 4%.
Top Companies in the Global Programmable Logic Controller Market: ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation Inc., Siemens AG, Honeywell International Inc., Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Emerson Electric Co. And others.
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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.
Regional Analysis For Programmable Logic Controller Market:
–North America (United States, Canada and Mexico)
-Asia-Pacific (China-Europe, India, Japan, South Korea, Australia, Indonesia, Malaysia, Philippines, Thailand, Vietnam)
-Europe (Germany, France, UK, Italy, Russia, Rest of Europe)
-Central & South America (Brazil, Rest of South America)
–Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa, Other)
The report has 150 tables and figures browse the report description and TOC:
Some major points from Table of Content:
- Programmable Logic Controller market Overview
- Programmable Logic Controller market Economic Impact
- Competition by Manufacturer
- Production, Revenue (Value) by Region (2019-2025)
- Supply (Production), Consumption, Export, Import by Regions (2019-2025)
- Production, Revenue (Value), Price Trend by Type
- Programmable Logic Controller market Analysis by Application
- Market by Manufacturing Cost Analysis
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders.
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