- The key vendors in the PLC market in APAC 2015-2019 are Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE and Siemens AG
London, 08 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the PLC market in APAC 2015-2019. Growing popularity of ‘main automation contractor’ concept is one of the key trends being observed in this market. MACs are responsible for coordinating, installing, and maintaining all automation and related activities for customers. Besides, providing a hassle-free environment to customers, it also an ideal platform for automation manufacturers to consolidate their market share. The PLC market in APAC 2015-2019 is expected to grow at a CAGR of 8.09% during the forecast period of 2014-2019.
The need for plant optimizations across end-users in this region is increasing rapidly, creating vast opportunities for the market growth. The region also has very well-established automation manufacturers, which are add-ons towards generating growth prospects for the market.
“Advances in networking, IT, and cloud computing technologies have increased the vulnerability of automation solutions,” says Faisal Ghaus, Vice President of Technavio Research.
“Currently, programmable automation controllers are gaining prominence among end-users. They are similar to PLCs that combines PLCs’ robustness with added functionalities and open software architecture.”
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%…
