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New York, July 9, 2021/PRNewswire/ - The programmable logic controller (PLC) market will grow by US$2.39 billion, with a compound annual growth rate of more than 3% from 2021 to 2025. The report provides the latest analysis on current market conditions, the latest trends and driving factors, and the overall market environment.
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Read the 120-page report "Programmable Logic Controller (PLC) Market Analysis Report," which includes TOC, by product (unit, modular, and rack), end user (process industry, discrete industry, and building automation), and geographic (Asia Pacific) Regions, North America, Europe, MEA and South America), and market segment forecasts for 2021-2025". Obtain competitive intelligence on market leaders. Track key industry opportunities, trends and threats. Information about marketing, branding, strategy and market development, sales and supply functions. https://www.technavio.com/report/report/programmable-logic-controller-PLC-market-industry-analysis
The growing demand for compact automation solutions is driving the programmable logic controller (PLC) market. In addition, the demand for PLCs from renewable energy power generation is expected to drive the growth of the programmable logic controller (PLC) market.
The increasing popularity of IoT devices presents manufacturers and system integrators with design challenges related to lowering prices and realizing the advantages of factory automation. Most small and medium-sized companies are looking for small form factors that can provide the same functions and features as large-scale equipment, while at the same time reducing power consumption. The availability of PLCs enables small and medium-sized enterprises to take advantage of control-level automation at low cost without compromising productivity. Suppliers focus on the development of flexible machine designs that incorporate input from original equipment manufacturers, manufacturers, and system integrators. Therefore, it is expected that the growing demand for compact automation solutions will drive the growth of the global PLC market during the forecast period.
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Five major programmable logic controller (PLC) companies:
ABB Ltd. conducts business through electrification, industrial automation, motion control, and robotics and discrete automation. The company provides AC500, AC500-eCo, AC500-S and AC500-XC expandable PLCs.
General Electric operates its businesses through electricity, renewable energy, aviation, healthcare, and capital. GE Fanuc Logic Controllers company.
Mitsubishi Corporation conducts business through the Global Environment and Infrastructure Business Group, Industrial Finance, Logistics and Development Group, Energy Business Group, Metal Group, Machinery Group, Chemical Group, and Daily Necessities Group. The company provides MELSEC series PLC.
Omron Corporation operates its business through industrial automation, electronic and mechanical components, automotive electronic components, social systems, solutions and services, and healthcare. The company provides micro PLCs.
Panasonic Corporation conducts business through home appliances, lifestyle solutions, interconnection solutions, automotive and industrial solutions. The company provides the FP0H series of ultra-compact PLCs.
Programmable logic controller (PLC) market product outlook (revenue, billion US dollars, 2020-2025)
Programmable logic controller (PLC) market end-user outlook (revenue, billion US dollars, 2020-2025)
Programmable logic controller (PLC) market geographic outlook (revenue, billion US dollars, 2020-2025)
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