Europe Programmable Logic Controller (PLC) Market 2022 Strategic Assessments - ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation, Siemens AG

The Europe Programmable Logic Controller (PLC) Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The European PLC market was valued at USD 3736.1 million in 2020 and is expected to register a CAGR of 2.6%, during the forecast period 2021 - 2026 to reach USD 4482.26 million by 2026.

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Top Leading Companies of Europe Programmable Logic Controller (PLC) Market are ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation, Siemens AG, Honeywell International Inc., Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Emerson Electric Co., Hitachi Ltd, General Electric Co. and others.

Industry News and Updates

March 2019 - Mitsubishi Electric announced the establishment of the new company, MELCO Factory Automation Philippines Inc. (MELAP) in the Philippines. The new establishment was made to further expand Mitsubishi Electric's factory automation (FA) business in the country.

- November 2018 - ABB announced the release of Freelance 2019, the latest version of its distributed control system (DCS) solution, which combines the DCS with PLCs. Freelance 2019, specially designed for process industries, includes enhanced security required for Industry 4.0 applications.

- April 2018 - Bosch planned to invest EUR 100 million in the new manufacturing plant in central Mexico, focusing on strengthening the local presence in North America.

Key Market Trends

Germany to Witness the Highest Growth

- The automotive industry is one of the largest sources of demand for PLCs in the country. The German automotive industry is one of the largest manufacturing sectors in the world.

- Several leading vendors of automation and control equipment, such as Schneider Electric, Siemens Kuka, etc., are based in Germany, thus, driving a high flow of investments toward R&D activities. As a result, the country has a high degree of automation in most of its end- user industries.

- The country also has a large number of robots. According to the recent estimates of the International Federation of Robotics (IFR), Germany has the most robot density in the world (294 units per 10,000 workers),

- According to the VDMA + Robotics Automation Organization, the robotics and automation turnover in Germany increased by 4.17% in 2018, when compared to that in 2017. Thus, the huge scope of PLCs in Germany can be estimated from this data.

Regional Outlook of Europe Programmable Logic Controller (PLC) Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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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 Europe 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.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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