Market Overview

Global Programmable Logic Controller Market Analysis, Growth, Trends & Forecasts 2018-2023, With an Expected CAGR of 3.7% - ResearchAndMarkets.com

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The "Global
Programmable Logic Controller Market - Segmented By Type (Hardware,
Software, Services), Applications (Automotive, Oil & Gas,
Pharmaceuticals) and Geography - Growth, Trends, and Forecasts (2018 -
2023)"
report has been added to ResearchAndMarkets.com's
offering.

In 2017, the global programmable logic controller market was estimated
at USD 8.491 billion and is expected to reach USD 10.595 billion by
2023, registering a CAGR of 3.7% during 2018-2023.

Employment of PLC systems can reduce the machine downtime, drastically.
As these systems are automated, they can identify and rectify any error
without human intervention. These systems are designed to monitor the
machines, which are working continuously, so as to detect any errors or
malfunctioning of the machinery and initiate a rapid response. The
downtime of machines can be reduced from 20% to 4% by the use of
automated PLC systems.

The rate adoption of PLC systems in the chemical industry is growing at
a fast pace. Even though PLC entered the market late, there is a large
scope for its use in the chemical industry. Owing to several advanced
and complicated processes, this industry requires the most innovative
and productive process automation solutions. The batch process in the
chemical industry is sequential in nature and requires the
time-of-event-based decisions that are controlled by PLCs.

The United States is on the verge of experiencing the fourth industrial
revolution, as an extensive scale of data is being generated and
integrated via a wide variety of manufacturing systems throughout the US
supply chain. The United States is one of the largest automotive
markets, worldwide, and a home to over 13 major automotive
manufacturers. The automotive manufacturing industry has been one of the
largest revenue generators for the country, in the manufacturing sector.

Companies Mentioned

  • ABB Ltd
  • Mitsubishi Electric Corporation
  • Schneider Electric
  • Rockwell Automation
  • Siemens AG
  • General Electric
  • Honeywell International
  • Omron Corporation
  • Panasonic
  • Bosch Rexroth
  • Allen Bradley
  • Emerson Electric Co

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Market Insights

4. Market Dynamics

5. Global PLC Market - Segmentation by Type

6. Global PLC Market - Segmentation by Application

7. Global PLC Market - Segmentation by Geography

8. Competitive Intelligence - Company Profiles

9. Investment Analysis

10. Future of PLC Market

For more information about this report visit https://www.researchandmarkets.com/research/5zntqw/global?w=4

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