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Global Programmable Logic Control (PLC) Market to grow at a CAGR of 7.56% during 2016-2020

Press Release   •   Jan 20, 2017 04:12 EST

About the Programmable Logic Control (PLC) Market

PLC is a part of the automation control system, which is used in process and discrete industries. The automotive, oil and gas, and power industries invest heavily in automation solutions to increase productivity, maintain uniformity among geographically dispersed production process branches, and establish efficient plant monitoring and control.

Technavios analysts forecast the global programmable logic control (PLC) market to grow at a CAGR of 7.56% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global programmable logic control (PLC) market for 2016-2020. To calculate the market size, the report considers revenue generated from the following:

Sales of hardware

Sales of software licenses

Renewal of software licenses

Upgrades of existing solutions

Maintenance

Services

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Programmable Logic Control (PLC) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

Mitsubishi Electric

Rockwell Automation

Schneider Electric

Siemens

Other prominent vendors

ABB

Beckhoff

Bosch Rexroth

GE

Honeywell International

IDEC

KEYENCE

Hitachi

Koyo Electronics

Omron

Panasonic

Toshiba

Yokogawa Electric

Market driver

Availability of PLC specifically for large, medium, and small machines

For a full, detailed list, view our report

Market challenge

High software cost

For a full, detailed list, view our report

Market trend

Availability of integrated PLC-HMI with wide screen

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?