Published on : Jun 08, 2017
Albany, New York, June 08, 2017: The research report deals with the major catalysts and deterrents in the global market for programmable light controllers, alongside an analysis of the current trends and market developments. The report also discusses factors such as value chain analysis, technological advancements, and market attractiveness. The leading segments of the global programmable logic controller market have been assessed as well.
The global programmable logic controllers market is primarily being driven by the towering need for customized programmable logic controller solutions. The tasks, such as designing controller packaging for large, medium, and small machines, of several manufacturers can be made easy via the deployment of programmable logic controllers. Customized programmable logic controllers are not only ideal for limited space, highly demanding industrial atmosphere, and complex processes, but are also highly reliable. Common automation solutions including system interoperability and system stability are some other major benefits offered by programmable logic controllers.
By end user, the global programmable logic controller market has been segmented into building automation, process industry, and discrete industry. In terms of type of product, rackmount programmable logic controllers, modular programmable logic controllers, and unitary programmable logic controllers are the major market segments.
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By geography, the global market for programmable logic controllers is segmented into Asia Pacific (APAC), Europe, the Middle East and Africa (EMEA), and the Americas. The EMEA segment led the global programmable logic controller market in 2016. Since the European economy is highly reliant on the automotive sector, the vast volume of investments in this industry will propel the demand for programmable logic controllers over the oncoming period.
The prevalence of smart factory trend across different European nations including the U.K. and Germany is also aiding the expansion of this region. Although this region might continue to dominate the global programmable logic controller market by the end of 2021 as well, Asia Pacific has been boasting extraordinary growth. Latin America can also contribute a significant revenue to the overall programmable logic controller market.
The global market for programmable logic controllers is characterized by the existence of a considerable number of market players. Competition between the leading players is slated to intensify over the next few years, as a majority of them are adopting diversified growth strategies. Investments in R&D is perhaps the most successful market strategies undertaken by these firms. Several market players are also offering customized programmable logic controllers to their customers.
OMRON, Siemens, Mitsubishi Electric, Schneider Electric, Rockwell Automation, KEYENCE, Bosch Rexroth, Honeywell, Yokogawa, Hitachi, Delta Electronics, Toshiba, Eaton, Koyo Electronics, Beckhoff Automation, Fuji Electric, and IDEC are some leading vendors operating in the global programmable logic controller market.
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