Press release
Programmable Logic Controller (PLC) Market Analysis and Global Outlook 2021 to 2026 - ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation
The Global Programmable Logic Controller (PLC) Market report size 2021 present’s insights on the current and future development trends, global & regional scale, revenue growth, and profitability. The report also covers market share, production, challenges, constraints, drivers, and including different key players.The Global “Programmable Logic Controller (PLC) Market” research report offers an overview of several major countries with key factors that are expected to market developments, dynamics, growth drivers, and business factors. The report present Key market segments valued based on Programmable Logic Controller (PLC) market size, growth rate and share. This report declares the historical and current market trends that are create the scope of the Programmable Logic Controller (PLC) industry. Also, it can provide an analysis of the impact of the Covid-19 pandemic that spread across various geographic regions over the globe. In detailed, the report delivers types of products, applications, end-users and countries, among others.
The programmable logic controller (PLC) market was valued at USD 11.21 billion in 2020 and is expected to reach USD 15.58 billion by 2026, at a CAGR of 5.3% over the forecast period (2021 - 2026).
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Top Companies in the Global Programmable Logic Controller (PLC) Market: ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation, Inc., Siemens AG, General Electric Co., Honeywell International Inc., Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Emerson Electric Co., and Others.
Industry News and Update:
- April 2019 - Schneider Electric, announced the opening of its new office facility designed completely on an open office concept in Pune, Maharashtra. On the back of this expansion, the company aims to consolidate its leading position and revenues for its wide array of energy management products and solutions. This is an integrated facility of the company for all its business operations as well Design Engineering Center of ASCO Power Technologies, USA.
- Apr 2018 - Staubli Robotics, one of the international players in robotics automation, and Schneider Electric has entered into a partnership by signing a long-term agreement to integrate customized Staubli TS series, four-axis SCARA robots into Schneider Electric's EcoStruxure Machine architecture and platform.
- February 2018 - Mitsubishi Electric Corporation has completed construction of an integrated-automation factory for the production of vacuum interrupters and circuit breakers at its Power Distribution Systems Center in Marugame, Japan. The new factory is expected to deploy Mitsubishi Electric's e-Factory concept of integrated automation based on IoT technologies to achieve high efficiency, high productivity, and minimized cost.
Key Market Trend:
Automotive to Hold Significant Share for the Future Demand
- PLC has been adopted at the manufacturing stage to handle the ever-growing demands of the automotive industry. It was initially used as a relay replacement equipment in the automotive industry.
- The demand for automobiles has been increasing steadily, The Center for Automotive Research (CAR) at the University of Duisberg-Essen has predicted that the global annual growth of cars is expected at 2.2%. Owing to such potential growth, better production facilities enabled with automation are needed, which is expected to fuel the growth of PLCs in the domain.
- With technological advancements, PLCs can replace nearly 100 relays, making better space management and man management possible. Various new technology is also integrating with automobiles, for instance on Oct, 2019, there was an announcement to merge Aptiv's driverless operations with those of Hyundai Motor, which will accelerate the former's prospects by adding the South Korean automaker's expertise to Aptiv's, and providing a platform for the so-called robotaxis, which is driverless cars that earn revenue on a per-ride basis. Aptiv PLC (APTV) has to be regarded as one of the front-runners in the race to capitalize on driverless technology.
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What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Global Programmable Logic Controller (PLC) Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Frequently Asked Questions about Programmable Logic Controller (PLC) market:
– Who are the key players operating in the Programmable Logic Controller (PLC) market?
– Which is the leading segment in the market?
– At What CAGR is the market projected to grow in the forecast period (2021-2026)?
– What is the key factor driving the market?
– Which data rates would lead the market during the forecast period?
– Which region is expected to dominate the Programmable Logic Controller (PLC) market in the next five years?
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
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