Programmable Logic Controller (PLC) Market 2020-2027: Recent Developments, Emerging Trends, Market Share, Growth Opportunities and Business Strategies By Honeywell, Mitsubishi Electric Corporation, Schneider Electric, Rockwell Automation, and Siemens

Programmable Logic Controller (PLC) is an electronic device used to monitor, control, and manage building systems, production processes, and power in industrial control systems. Power supply, processor, programming of PLC, and the input/output section are some of the basic components of PLC. To meet the demand for harsh industrial environments, these controllers are designed to be extremely robust, often capable of withstanding extreme temperatures, humidity, vibration, and electrical noise. Furthermore, several languages are used in PLC programming that are sequential function chart, ladder logic, and functional block diagrams.

PLCs is an integral part of industrial process control and factory automation for years. It controls a wide array of applications starting from lighting functions to environmental systems to chemical processing plants. These PLCs work seamlessly for years in hazardous industrial environments to offer excellent flexibility and precision. In addition, it offers the greater reliability in factory automation and increased efficiency, thereby fostering the market growth. However, rise in prices of PLCs hinders the market growth.

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Potential Benefits For Stakeholders:
1. Comprehensive analysis of the current trends and future estimations in the global programmable logic controller (PLC) market is provided.
2. The report offers a competitive scenario of the market with growth trends, structure, drivers, scope, opportunities, and challenges.
3. It includes a detailed analysis of the key segments to provide insights on market dynamics.

Key Market Segments:
By Type:
1. Integrated or Compact PLC
2. Modular PLC
3. Small PLC
4. Medium-sized PLC
5. Large PLCs

By Solution:
1. Hardware
2. Processor
3. Power Supply
4. Software
5. Others

By Industry Vertical:
1. Energy & Power
2. Automotive
3. Oil & Gas
4. Pharmaceutical
5. Others (Food & Beverages and Pulp & Paper)

Key Players:
1. Honeywell International
2. Mitsubishi Electric Corporation
3. Schneider Electric
4. Rockwell Automation
5. Siemens AG
6. ABB Ltd.
7. General Electric
8. Hitachi Industrial Equipment Systems Co., Ltd.
9. Allen Bradley.

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