- The key vendors in the PLC market in the US 2015-2019 are ABB Ltd., GE Co., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric Co. and Siemens AG
London, 22 April 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the PLC market in the US 2015-2019. Increased adoption of integrated PLCs is one of the major trends upcoming in this market. Many manufacturing companies need enterprise-wide integrated PLC applications, especially PLCs that are integrated with ERP software. Enterprise-wide PLC applications increase the efficiency and effectiveness of a manufacturing plant. The PLC market in the US is expected to grow at a CAGR of 5.84% during the forecast period of 2014-2019.
The demand for PLCs in the US is expected to be driven by a rebound in manufacturing activities, and an increase in the number of motor vehicles in use. Most of the manufacturers in the US are planning to increase their investment significantly to enhance their production process and systems for better profitability. There are huge opportunities for industries that use more natural gas and less labor in their production process to reduce their manufacturing cost.
“With increased automation being witnessed in recent years, there has been an increased need to continuously monitor the processes and connect the system with a company’s enterprise network and Ethernet,” says Faisal Ghaus, Vice President of Technavio Research.
“In a bid to secure their systems, manufacturing companies are actively looking for PLCs that are secured against cyber-attacks.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
