Programmable Logic Controller Market to touch US$ 10.595 Billion by 2023 | Global Key Players – ABB, GE, Mitsubishi Electric, Schneider Electric, Rockwell Automation, Siemens AG, Honeywell, Omron

Marketprognosis.com Publish a New Market Research Report On “Global Programmable Logic Controller Market 2019 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Programmable Logic Controller Market:

The Global Programmable Logic Controller Market was estimated at USD 8.491 Billion in 2017 and is expected to reach USD 10.595 Billion by 2023, registering a CAGR of 3.7% during 2018-2023 (the forecast period).

Automation systems that use PLC also help reduce the industrial emissions. The CO2 emissions are expected to be brought down by around 34 million metric tons per year, by employing automation. Energy consumption can also be reduced by using automated systems. Moreover, automation is expected to downsize the energy cost down by up to 70%. It has been proven that about 20-25% of the total energy resources be conserved by employing automation.

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Increased Need to Reduce Machine Downtime to Drive the Market Growth; Employment of PLC systems can reduce the machine downtime, drastically. As these systems are automated, they can identify and rectify any error without human intervention. These systems are designed to monitor the machines, which are working continuously, so as to detect any errors or malfunctioning of the machinery and initiate a rapid response. The downtime of machines can be reduced from 20% to 4% by the use of automated PLC systems. The rise in need for reducing the system downtime is driving the PLC market growth. Today, industries are required to increase the efficiency of their production systems and reduce the losses caused by downtime. PLC systems are being employed by many manufacturing and production industries, in order to reduce the total downtime and cut down additional costs of machine repair and labor.

The United States is on the verge of experiencing the fourth industrial revolution, as an extensive scale of data is being generated and integrated via a wide variety of manufacturing systems throughout the US supply chain. The United States is one of the largest automotive markets, worldwide, and a home to over 13 major automotive manufacturers. The automotive manufacturing industry has been one of the largest revenue generators for the country, in the manufacturing sector. The formation of the Advanced Manufacturing Partnership (AMP)’ is one such initiative undertaken to make industries, universities, and the federal governments invest in the emerging technologies. This factor has helped the country to gain a competitive edge in the global economy. The National Network for Manufacturing Innovation (NNMI) was proposed by Obama, which focuses on developing regional hubs that can be involved in development and adoption of cutting-edge manufacturing technologies, in order to make innovative products to be used in the manufacturing sector.

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Major Key Players:

1 ABB Ltd

2 Mitsubishi Electric Corporation

3 Schneider Electric

4 Rockwell Automation

5 Siemens AG

6 General Electric

7 Honeywell International

8 Omron Corporation

9 Panasonic

10 Bosch Rexroth and More……………..

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This study answers to the below key questions:

1 What are the key market trends?

2 What will the market size be in 2023 and what will the growth rate be?

3 What are the strengths and weaknesses of the key vendors?

4 Who are the key vendors in this market space?

5 What is driving this market?

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

7 What are the challenges to market growth?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Programmable Logic Controller Market.

Table of Contents:

1 Introduction

2 Research Approach and Methodology

3 Executive Summary

4 Market Dynamics

5 Global Programmable Logic Controller Market - Segmentation

6 Competitive Intelligence Company Profiles

7 Investment Analysis

8 Outlook of the Advanced Authentication Market in the Financial Service Industry

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