MRO Magazine

Global PLC Market 2016-2020 – Availability of Integrated PLC-HMI with Wide Screen a Key Market Trend – Research and Markets


June 15, 2016
By Business Wire News

DUBLIN

Research and Markets has announced the addition of the “Global PLC Market 2016-2020” report to their offering.

The global programmable logic control (PLC) market is forecast to grow at a CAGR of 7.56% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global programmable logic control (PLC) market for 2016-2020. To calculate the market size, the report considers revenue generated from the following:

  • Sales of hardware
  • Sales of software licenses
  • Renewal of software licenses
  • Upgrades of existing solutions
  • Maintenance
  • Services

According to the report, a key growth driver is the availability of PLC specifically for large, medium and small machines. The global industrial automation control market has reached a state of equilibrium. However, between 2011 and 2015, new and innovative PLCs designed to reduce product-engineering time were launched. For instance, in 2013, Siemens launched SIMATIC S7-1500 PLC – a next generation controller for medium to high-end machine and plant automation. High efficiency and performance are the major characteristic of this PLC.

Further, the report states that one challenge that could restrict market growth is the high software cost. Since the average cost of the software is generally high when compared to the hardware, SMEs are finding it expensive to adopt PLC in their plants.

Key vendors:

  • Mitsubishi Electric
  • Rockwell Automation
  • Schneider Electric
  • Siemens

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by product

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

For more information visit http://www.researchandmarkets.com/research/hgc5r2/global_plc_market

Research and Markets
Laura Wood, Senior Manager
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Sector: Industrial Automation