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The Programmable Logic Controller (PLC) Market is estimated to grow on account of the growing demand for vehicles amongst consumers, as automobiles have become an essential part of the modern lifestyle. Moreover, increasing disposable income, and rising purchasing capacity of the middle-class population, is further estimated to surge the sales of automobiles. The International Energy Agency (IEA) recorded a sale of 87 million cars in 2019. Out of these, 24.5 million cars were sold in China, and over 7 million cars were sold collectively in India and Japan, making Asia Pacific the largest market for automobiles. On the other hand, 17.1 million cars were sold in the United States alone, owing to the higher individual disposable income and presence of various automobile manufacturers in the region.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Programmable Logic Controller (PLC) Market Products.
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Moreover, the advancement in technology, such as, advanced driver assistance systems (ADAS), infotainment systems, and increasing adoption of electric vehicles, is certain to assist the growth of the XYZ market. Along with this, the prompt implementation of these technologies in the upcoming vehicles, supported by various government initiatives and favorable policies, can guarantee the market development. The sale of plug-in hybrid electric vehicles (PHEV) reached 0.969 million, while the battery electric vehicles (BEV) sales touched 2.008 million in the year 2020, as per the data by the IEA. The total global stock of BEV amounted to 6.850 million units in the same year.
Programmable logic controller is a digital computer which is used to control manufacturing processes like robotic devices or activities which require ease of program fault diagnosis. They have been mainly adopted as automation controller which is able to produce output when provided with input within a limited time.
End-user/Technology
Nano or Micro PLCs can be used to increase efficiency of complex tasks in industrial processes. However, some downtime is needed for setup before it becomes operational.
Market Dynamics
Increased adoption of building automation is fueling the growth of this market
Reduction of machine downtime is one of the benefits of PLC due to which, its demand may increase
Challenges faced by this market are as follows
Due to high investment required for installation and maintenance, small companies may not invest in PLCs
Market Segmentation
The Programmable Logic Controller (PLC) Market can be segmented in terms of product segments and end users.
On the basis of product segment, it can be segmented into
Unitary PLCs
Modular PLCs
Rackmount PLCs
On the basis of end user segment, it can be segmented into
Discrete industry
Process industry
Building automation
Water and wastewater
Food and beverages industry
Regional/Geographic Analysis
APAC region accounts for the largest market share and is expected to grow at an increasing rate. This can be mainly traced back to large-scale investments in India, Japan, South Korea, and China. But in terms of growth, North America is the fastest with US being a major contributor to this growth.
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Key Players
Some of the major players include OMRON, Siemens, Rockwell Automation, Schneider Electric, GE, Beckhoff Automation, ABB, Hitachi, Delta Electronics etc.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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