Programmable Logic Controller (PLC) Market Growth, Analysis and Advancement Outlook 2021| Siemens, Rockwell(A-B), Mitsubishi, Schneider(Modicon), Omron, Emerson(GE Fanuc), ABB(B&R),

MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Programmable Logic Controller (PLC) market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends.

The Programmable Logic Controller (PLC) Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. The structured analysis contains graphical as well as a diagrammatic representation of the global Programmable Logic Controller (PLC) Market with its specific geographical regions.

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Programmable Logic Controller (PLC) Market was valued at USD 11.21 billion in 2020 and is expected to reach USD 15.15 billion by 2026, at a CAGR of 4.7% over the forecast period (2021 - 2026).

Top leading Companies Profiled in Programmable Logic Controller (PLC) Market Report are Siemens, Rockwell(A-B), Mitsubishi, Schneider(Modicon), Omron, Emerson(GE Fanuc), ABB(B&R), Bosch Rexroth, Beckhoff, Fuji, Toshiba, Keyence, Idec, Panasonic, Koyo

News and Updates

December 2020, the US Department of Defense and the Australian Department of Defence partnered to develop an air-breathing hypersonic missile called the Southern Cross Integrated Flight Research Experiment (SCIFiRE). This is expected to advance air-breathing hypersonic technologies by designing, building and test-flying multiple prototypes.

April 2020 - Omron released its new CP2E Series all-in-one controller that provides advanced control that enables IIoT connectivity for compact machines. The controller improves manufacturing productivity and quality by making it easy to visualize the performance and data of connected machines through simple programming.

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Market Overview

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.

Increased adoption of automation systems is driving the market. A major growth indicator for PLCs in the discrete-manufacturing sectors is the amplified deployment of robots for automation across the automotive manufacturing, the electrical, and the electronics industries. The sales figures for industrial robots have increased almost four-fold since 2009. With robots being a major end-user of PLCs, the market is expected to greatly benefit from the global robotics boom.

The market studied is strongly impacted by the industrial output and the investment funneled into the computers and software. These PLC systems have traditionally been the foundation of both process and discrete factory automation. The growing adoption of Industry 4.0 across the industrial verticals has augmented the market studied.

Regional Analysis

The United States is estimated to hold a major share in North America owing to rise in industrial investment in the mining and oil & gas sectors, which fuelled the utilization of PLCs, thereby propelling the market growth. SCADA is widely applied in the upstream, midstream, and downstream oil and gas sectors in the United States. In the upstream sector, its role is often stereotyped as being largely in support of remote data transmission. However, due to the wide and varied use of SCADA , the demand of PLC will increase effectively.

The dominance is also buoyed by smart manufacturing initiatives, such as the Smart Manufacturing Leadership Coalition (SMLC), that drives and facilitates the broad adoption of manufacturing intelligence and automation. The next generation of urban infrastructure is on the horizon and as the technologies of the Internet of Things has become increasingly high with Industry 4.0, one can soon expect to see local authorities relying on it to improve living, working and travelling conditions. The government is focusing on smart city development and there will be a high demand of industrial digital computer in coming years.

Market Research Study Focus on these Types:

Nano

Micro

Medium

Large    

Market Research Study Focus on these Applications:

Steel Industry

Petrochemical and Gas Industry

Power Industry

Automobile Industry

Semiconductor Industry

Electrical And Electronics Industry

Others

Global Programmable Logic Controller (PLC) Market: Regional Segment-

─North America (US, Canada)

─Europe (Germany, UK, France, Rest of Europe)

─Asia Pacific (China, Japan, India, Rest of Asia Pacific)

─Latin America (Brazil, Mexico)

─Middle East and Africa

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Key Takeaways from Programmable Logic Controller (PLC) Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Programmable Logic Controller (PLC) market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Programmable Logic Controller (PLC) market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Programmable Logic Controller (PLC)

Programmable Logic Controller (PLC) Market Scenario:

This research report represents a detailed research overview of the competitive landscape of the Programmable Logic Controller (PLC) Market. Furthermore, it offers massive data relating to recent trends, developments, tools, and methodologies. The research report analyzes the Programmable Logic Controller (PLC) Market in a detailed manner for better insights into the businesses.

The report evaluates the growth rate and the Market value based on Market dynamics, growth-inducing factors. The complete knowledge is based on the latest industry news, threats, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.

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