Programmable Logic Controller Market

The global Programmable Logic Controller (PLC) market was valued at 115.88 Million USD in 2021 and will grow with a CAGR of 1.08% from 2021 to 2027, based on newly published report.

The prime objective of Programmable Logic Controller Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Programmable Logic Controller Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

A programmable logic controller, PLC, is a digital computer used for automation of typically industrial electromechanical processes, such as control of machinery on factory assembly lines, amusement rides, or light fixtures. PLCs are used in many machines, in many industries. PLCs are designed for multiple arrangements of digital and analog inputs and outputs, extended temperature ranges, immunity to electrical noise, and resistance to vibration and impact. Programs to control machine operation are typically stored in battery-backed-up or non-volatile memory. A PLC is an example of a "hard" real-time system since output results must be produced in response to input conditions within a limited time, otherwise unintended operation will result.Europe was the largest consumption market with a market share of 40.66% in 2012 and 37.77% in 2017 with a decrease of 2.89%. Asia-Pacific and North America ranked the second and third market with the market share of 27.03% and 24.06% in 2017. At present, the top three companies make up a 63.24 % revenue share of the PLC market. And the world`s large enterprises are mainly concentrated in EU. The top six manufacturers are Siemens, Rockwell (A-B), Mitsubishi, Schneider (Modicon), Omron, GE Fanuc respectively with global revenue market share as 29.19%, 19.75%, 14.70%, 8.52%, 8.27% and 3.87% in 2017. The PLC market has been growing in accordance with the Manufacturing renaissance, the industrial 4.0 and automalizition of the society. With the multiple demand of the clients, the manufacturers are concerning more on their R&D.

By Market Verdors:

• Siemens
• Rockwell (A-B)
• Mitsubishi
• Schneider (Modicon)
• Omron
• B&R Industrial
• GE Fanuc
• ABB
• Bosch Rexroth
• Beckhoff
• Fuji
• Toshiba
• Keyence
• Idec
• Panasonic
• Koyo

By Types:

• Nano
• Micro
• Medium
• Large

By Applications:

• Automobile Industry
• Petrochemical and Natural Gas Industries
• Power Industry
• Steel Industry

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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