London, 09 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global PLC Market 2014-2018, which is expected to grow at a CAGR of 9.23 percent during the forecast period of 2013-2018.
A PLC is an industrial control product that regulates various automation and mechanical processes in manufacturing plants. It controls various automation applications in a plant by maintaining direct connectivity with field devices such as sensors, transmitters, and actuators. It receives commands and signals from field devices and other industrial systems through a control system communication protocol. It uses various programming languages such as ladder diagrams, functional block diagrams, and instruction lists to regulate processes. PLC software is the medium for programming PLCs through PCs. The programming software helps in entering and editing the ladder-style logic, one of the programming languages for PLCs. PLC software also provides users with a function to debug and troubleshoot the program.
“Many manufacturing companies need enterprise-wide integrated PLC applications, especially PLCs that are integrated with ERP software,” says Faisal Ghaus, Vice President of TechNavio.
“In addition, a few automation vendors have started to develop strategic alliances with various ERP vendors to provide enterprise-wide PLC applications.”
Key Market Drivers
- Increased Need to Reduce Machine Downtime
- Increased Demand for Enhanced Efficiency in Manufacturing
- Need for Regulatory Compliance and Improved Safety and Control Capabilities
Key Market Trends
- Increased Adoption of Integrated PLCs
- Demand for Globalized Service Support and Affordable Product Models
- Increased Demand for Cyber-secure PLCs
Key Market Vendors
- Mitsubishi Electric Corp.
- Rockwell Automation Inc.
- Schneider Electric Co.
- Siemens AG
To define the market circumstances 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%…
