The growing need for network connectivity and integrated systems is rising the development of smart cities and propelling the growth of the global PLC market size.
Arizton’s recent market research report on the global PLC market (programmable logic controllers market) provides comprehensive industry analysis, trend forecasts, and competitive analysis. The research study segments the market by type (unitary, modular, and rackmount), by end-user (automotive, chemicals and petro chemicals, mining and metallurgy, paper, packaging, and printing, food and beverages, water and waste-water treatment, oil and gas, and others), by geography (North America, APAC, Europe, Latin America, and MEA), and offers detailed competitive analysis.
The global PLC market (programmable logic controllers market) is anticipated to generate revenues of more than $46 billion by 2022 and is projected to grow at a CAGR of over 8% during the forecast period. The increasing integration of effective automation solutions that ensures maximum operational efficiency across industries will propel the development of the global programmable logic controllers market. The rise in foreign investments and public-sector spending in emerging nations of India, China, and other Southeast Asian economies will boost the demand for logic controllers in the global market.
The top 3 drivers and trends propelling the growth of the global PLC market (programmable logic controllers market) are discussed below:
Enterprise Networking to Drive HMI-PLC Technology
The emergence of enterprise networking, remote access, and installation of Ethernet applications on the factory floor that helps increase the productivity of the manufacturing process will drive the growth of the global PLC market. The adoption of smart devices will enable faster troubleshooting, improved diagnostics, and overall improvements in machine reliability. HMI technology in industrial automation provides the benefit of additional flexibility to combine more programs on to the control platform that increases the overall productivity of the factory unit. The integration of these innovative technologies in a factory helps in reducing the time and costs involved in diagnosing and fixing issues which caused downtime. The introduction of HMI-PLC eliminates entire device levels, enables remote intelligence, reducing the training cost, and empowers OEMs to have an advantage of a variety of suppliers providing best-in-class solutions in the global programmable logic controllers market. Some of HMI technologies use in the global PLC market include logic and graphics processing, display and touchscreen, enterprise ethernet and remote access, and device networking.
The rise of Smart Cities and Need for Intensive PLC and Sensor Networks
The launch of miniaturized electronic sensors with algorithms and big data analytics is resulting in the development of smart cities in the global market. The extensive use of sensor networks will help regulatory bodies analyze information more cohesively to enhance the efficiency and system configurations in these smart cities. The leading cities that are implementing sensor technology in the global programmable logic controllers market include London, Singapore, Santander, Spain, Rio de Janeiro, Seoul, Montreal, and Chicago. Smart cities such as Masdar and Songdo are installing sensors in the city’s infrastructure and linking them to computers that allow agencies to process information collected from these sensors and analyze results intelligently. Moreover, the integration of these sensors on a utility pole, water line, bus, train, and traffic light help provide data about the infrastructure and facilitates analysis for effective management. Such benefits of sensors will boost the demand in the global PLC market.
Rise of Augmented Reality (AR) and Immersive Experiences
The growing popularity of augmented reality (AR) and immersive experiences are attributing to the development of the global PLC market. AR helps end-users merge the real world with the virtual one and supports intelligent, realistic, and personalized experiences. Immersive experiences stimulate the senses in users and enhance the consumer experiences in a realistic, engaging, and satisfying manner on all devices. The increasing investments in technological advancements in cognitive and multimedia technologies, connectivity, and sensor technologies will fuel the demand in global programmable logic controllers market. The growing adoption of immersive experiences and virtual reality (VR) solutions for playing games, video conferencing, watching movies and sports, and virtual traveling will revolutionize the global market. The growing need for intuitive interactions and demand for cognitive technologies will fuel the development of the global PLC market during the forecast period.
The leading vendors in the global PLC market (programmable logic controllers market) are Schneider Electric SE, Rockwell Automation Inc., Siemens AG, Mitsubishi Electric Corp., and Omron Corp.
The complete overview of the latest market research report on global PLC market (programmable logic controllers market) by Arizton is now available.
The report also offers a detailed study of major trends, drivers, challenges, and also provides the market size and forecast for major geographical regions and key countries.
Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Sep 27, 2023
Dietary Fibers Market Reaching New Heights, the Market to Worth $11.48 Billion by 2028
The demand for dietary fiber is rising globally, driven by increased population, health awareness, r...
Sep 21, 2023
Rising Demand for Industry-Specific Custom Kiosks Driving the Self-Service Kiosk Market Revenue Growth- Arizton
Self-Service Kiosk Market to Worth $43.65 Billion by 2028....
Sep 18, 2023
Sportswear Market Growth Accelerates with Strategic Marketing and Expanding Brands-Arizton
The Sportswear Market to Reach $635.69 Billion by 2028, Market Driven by Promotional Strategies &...