openPR Logo
Press release

Modular PLC Market Will Grow at a Healthy CAGR by 2024 Profiling B&R Industrial Automation, Mitsubishi Electric Corporation, Rockwell Automation, OMRON Group, ABB, Schneider Electric, Siemens

Modular PLC Market

Modular PLC Market

Asia Pacific Modular PLC Market is anticipated to grow at a high rate owing to the growing demand from power & energy, and food & beverage industries. The industry is projected to grow owing to the rise in the manufacturing industries and the growing power distribution networks in China, India, Japan, and Singapore. The region has witnessed a rise in electricity consumption owing to fast industrialization and a wide customer base. The effective usage of the modular components is enhancing efficiency and reducing production costs & manpower, driving the modular PLC market demand in the region.

Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2472

A modular component consists of various modules that can be coupled together to design, build, and manufacture a customized controller. The base module of the modular device consists of core components which include computer processor, input connections, and electrical power regulation. Supplementary modules include analog to digital signal converters or additional outputs that can also be included in the core modular unit as per the requirements. These devices are easier to repair, have advanced memory, and have the capability to store a high volume of data. In addition, they provide automation solutions, which include features such as interoperability, system stability, and reliability, which will drive the adoption of modular PLC components over the forecast timeline.

Micro modular PLC market is driven by factors such as the growing need for compact and automation solutions, smaller size of the components, scalability, enhanced flexibility, and ease of programming. Usage of the micro-components helps end-use industries to interpret and monitor different variables and to actuate and control external systems. These components help in basic controls in a variety of general applications and are cost-effective and user-friendly. In addition, the rising demand for compact solutions in automation, extensive adoption of IoT connectivity, and growing awareness of automation in various industrial processes are the key factors driving the micro modular PLC market growth.

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/2472

The components are used in chemical, manufacturing, healthcare, metal & mining, food & beverage, and power & energy industries. The manufacturing industry accounted for the majority of the overall modular PLC market share in 2016. The industry was an early adopter of the modular components and is expected to witness a rise in adoption over the coming years as they aid the industry in saving time during assembly processes, resulting in enhanced productivity. In the manufacturing industry, the modular PLC market has witnessed a high demand from the automotive sector owing to the ongoing trend digitalization, which is aiding the industry to drive flexibility in automation during the manufacturing of the vehicles.

The software modular PLC market is anticipated to witness a high growth over the coming years owing to the rise in capital investments for automating the industrial processes. The software is being used by end users in the metal & mining, and power & energy industries to enhance and implement automation for standardization. The software is a vital module in the automation solutions as they aid in real-time communication at a high speed. In the industry, several PLC software programs are available according to the necessity and mechanism of the devices. In addition, ongoing innovations in the technology have aided vendors to design and build compact and powerful components with features such as data sharing amongst the software and shop floor with the use of relational databases, FTP services, and web servers, driving the software modular PLC market demand.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/modular-plc-market

Key players operating in the modular PLC market include B&R Industrial Automation, Mitsubishi Electric, Rockwell Automation, Inc., Omron Corporation, ABB Limited, Schneider Electric SE, and Siemens AG.

Increasing rivalry among key players is expected to boost the modular PLC market growth. Companies are undergoing mergers and collaborations to enhance their product portfolio and strengthen their market position. For instance, in July 2017, ABB announced the acquisition of B&R Industrial Automation with an aim to strengthen its industry share and position.

Browse Related Report: - Construction Robot Market Will Grow at a Healthy CAGR by 2024
https://www.marketwatch.com/press-release/construction-robot-market-will-grow-at-a-healthy-cagr-by-2024-2019-02-19

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Modular PLC Market Will Grow at a Healthy CAGR by 2024 Profiling B&R Industrial Automation, Mitsubishi Electric Corporation, Rockwell Automation, OMRON Group, ABB, Schneider Electric, Siemens here

News-ID: 1601376 • Views: 429

More Releases from Global Market Insights, Inc.

Linear alpha olefins market size, share, trends, 2024, Key players are INEOS Oli …
The linear alpha olefins market report is a deep-dive collection of important deliverables. An inherent sub-vertical of the global chemical’s domain, the linear alpha olefins market has carved out quite a remunerative growth path in the recent years. The report enlists substantial details about this market with respect to its overall foothold in the chemical industry and how the product would find applications across major end-user sectors. Get sample copy of
N-hexyl alcohol market to hit USD 1.6 billion by 2024, key players are Sasol, Na …
Estimates claim that N-hexyl alcohol market valuation from food & beverage applications was worth USD 325 million in the year 2016 and is expected to register continuous growth during the estimated timeframe. Rising adoption of N-hexyl alcohol compounds as a flavoring agent for alcoholic beverages, fruits, and vegetables has bolstered product demand. Additionally, N-hexyl alcohol is utilized to develop additives for lubricants which are further used in food grain machine
Waterborne Coating Market: Global Industry Analysis, Growth, Trends and Forecast …
Global waterborne coating market is expected to expand at a considerable pace owing to high awareness of consumers towards the adoption of eco-friendly coatings. The product is considered a better choice for the environment and contains a less amount of solvent. Low toxicity due to less HAP emissions and VOC levels, alongside high water-content that helps in reducing air emissions, will augment the product demand over the forecast spell. Waterborne
Trend in automotive application to Asia Pacific expanded polyethylene foam marke …
Of late, expanded polyethylene foam has become a trendy petrochemical product in applications, ranging from automotive, construction, packaging, protective covers and sports goods. Eliminating cost of making expensive molds and offering tremendous cushion against vibrations, shocks and abrasion are some of the upsides that have encouraged emerging economies such as India, China, Vietnam and Malaysia to infuse funds in EPE for packaging goods, boost high thermal resistance and weight

All 5 Releases


More Releases for PLC

Statins Market Key Players : AstraZeneca plc, Pfizer Inc., GlaxoSmithKline plc
Statins are special class of drugs that helps in lowering of blood cholesterol level in the body. This is prescribed to lower down the low density lipoprotein (LDL) cholesterol in the body and thus reduce mortality in high risk patients. Demand for statins is long driven by increasing healthcare awareness among common masses. In U.S., over 500,000 people suffers heart attack every year. Though cholesterol level is easy to
Programmable Logic Controller (PLC) Market -
Programmable Logic Controller (PLC) technology is not recent in the industry, and is still in usage at a great extent by manufacturing companies. Programmable Logic Controller smoothens the mechanical automation process in manufacturing units and construction buildings. Due to its dynamic development, sequential control, counters and timers, ease of programming, reliable controlling capabilities, and ease of hardware usage; Programmable Logic Controllers are also utilized in various control system areas. Browse The
Online Gambling Global Market 2018: Key Players – William Hill Plc., Paddy Pow …
Online Gambling Industry Description Wiseguyreports.Com Adds “Online Gambling -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database Online Gambling refers to betting of money online on an event with an uncertain outcome. Online gambling is similar to gambling but the difference is that online gambling is betting on sports or casino over the internet. Online gambling is not limited to playing cards. It is a
Antibacterial Drugs Market: Allergen plc, AstraZeneca plc, Bayer AG
New York, February 14: Market Research Engine has published a new report titled as “Antibacterial Drugs Market By Class (Aminoglycosides, B-Lactams, Tetracyclines, Sulfonamides, Macrolides, Phenicols and Pipeline Drugs) - Global Industry Analysis, Trends and Forecast 2015 - 2023” The Antibacterial Drugs market is expected to cross US$ 38 Billion by 2023 growing at a CAGR of 1.30% during the given forecast period. Browse Full Report: https://www.marketresearchengine.com/reportdetails/antibacterial-drugs-market The term Antibiotic refers to antimicrobials which are
FATEK PLC
* FATEK FBs Series PLC- The FBs-PLC has more than 300 instructions which adopts a user friendly and readable multi-input/multi-output function structure. With this multi-input instruction structure the user can derive many types of functionality which other brands of PLC’s may require the use of many instructions to achieve this. * FATEK B1/B1z Series PLC- Economical and High-Quality PLC FATEK B1/B1z Series Micro-Programmable Controllers The streamline design of SoC technology significantly reduces the hardware costs.
SANYO PLC-XP200L & PLC-XC55 Multimedia Projectors
San Diego, CA, December 5, 2008 Audio Video Supply, Inc, a San Diego distributor first in presentation technology, has introduced the new Sanyo PLC-XP200L XGA Multimedia Projector and Sanyo PLC-XC55 Portable Multimedia LCD Projector from its new product line. The Sanyo PLC-XP200L is the world’s first 4LCD optical engine, making it the brightest projector in its class. The PLC-XP200L packs 7,000 lumens produced from a 330-watt lamp. The new QuaDrive