Market Overview

Global Programmable Logic Controller Market 2017-2021 | Unitary PLCs Segment Dominates the Global Market | Technavio

Share:

According to the latest market research report released by Technavio,
the global programmable logic controller market is expected to
accelerate at a CAGR of almost 6% during the forecast period. The rising
technological advances in PLCs is one of the key drivers for the market.

This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20180913006065/en/

According to the latest market research report released by Technavio, the global programmable logic  ...

According to the latest market research report released by Technavio, the global programmable logic controller market is expected to accelerate at a CAGR of almost 6% until 2021. (Graphic: Business Wire)

This research report titled ‘Global
Programmable Logic Controller (PLC) Market 2017-2021
' provides
an in-depth analysis of the market in terms of revenue and emerging
market trends. It also includes an up-to-date analysis and forecasts for
various market segments and all geographical regions.

The global programmable logic controller market analysis categorizes the
market into the following products:

  • Unitary PLCs
  • Modular PLCs
  • Rackmount PLCs

In 2016, the unitary PLCs segment accounted for almost 38% of the
programmable logic controller market share and is projected to decline
to nearly 36% by 2021, exhibiting almost 2% decrease in market share.

Global programmable logic controller market: Top emerging trend

The evolution of IoT and Industry 4.0 is one of the key programmable
logic controller market trends. The modern age of industrial production
uses the concept of IoT and Industry 4.0 to bring more automation into
the manufacturing process. The rising adoption of smart devices has been
contributing to an increase in the demand for IoT in industrial
production processes. The technological advancements in PLCs could
transform into the cloud-based software to bring seamless connectivity
through the Internet. This will help automation networks self-configure,
self-regulate, and suggest efficiency improvements.

Looking for more information on this market? Request
a free sample report

Technavio's sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Technavio's report provides expert market research on the following
topics:

Executive Report

  • Market Outline
  • Global Programmable Logic Controller Market Overview

Market Insights

  • Market Sizing and Forecasts
  • Market Growth
  • Market Drivers and Challenges
  • Key Emerging Trends

Market Segmentation Analysis

  • Regional comparison (APAC, Americas, and EMEA)
  • Key leading countries
  • Market segmentation by product (unitary PLCs, modular PLCs, and
    rackmount PLCs)
  • Market segmentation by end-user (process industry, discrete industry,
    and building automation)

Vendor Landscape

  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario
  • Analysis of top vendors (Mitsubishi Electric, OMRON, Rockwell
    Automation, Schneider Electric, and Siemens)

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio's comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at media@technavio.com.

View Comments and Join the Discussion!