PLC market: Key market research findings
- Symposiums such as the Water/Wastewater and Automatic Controls Symposium organized by the International Society of Automation to raise awareness about the firewall requirements for securing PLCs
- Growing popularity of the scalable PLC concept to foster growth in this market
Technavio has added a new market research report on the global PLC market in the water and wastewater industry, to its automation portfolio. Technavio’s market research analysts estimate this market to grow at a rate of close to 7% between 2014 and 2019. EMEA accounted for more than 52% of the total market share, and its dominance can be attributed to the presence of numerous water treatment plants and stringent government regulations. However, analysts estimate the APAC region to witness the highest growth rate during the forecast period due to the populace’s growing demand for clean water.
The new market research report from Technavio discusses in detail the key drivers and trends responsible for growth, as well as the segments with the maximum growth potential.
“Due to the rapid increase in automation, the need for continuously monitoring processes has grown. Traditionally, programmable logic controls (PLCs) were designed to focus on reliability and safety rather than security, and can also be used to monitor the efficiency and effectiveness of the plant. As PLCs contain sensitive information, the risk of information leakage is high. Therefore, organizing symposiums like the Water/Wastewater and Automatic Controls Symposium will raise awareness about the firewall requirements for securing PLCs,” says Navin Rajendra, Lead Analyst, Engineering and Automation, Technavio Research.
The hardware segment will be the primary revenue contributor in this market, accounting for nearly 72% of the total market. Dominance of this segment can be attributed to the advent of the scalable PLC concept. This concept allows enterprises to upgrade their existing PLC while retaining the software in their old PLC system. Consequently, end-users can adopt the new secure hardware while converting their existing old PLC software based on the new security requirements.
Global PLC hardware market in water and wastewater industry 2014-2019 (US$ millions)
Source: Technavio, 2015
Analysts estimate the hardware segment to show promising growth during the forecast period due to its growing popularity among the end-users. The leading companies in the global PLC market in the water and wastewater industry are Mitsubishi Electric, Rockwell Automation, Schneider Electric, and Siemens.
More detailed analysis is available in the Technavio report Global PLC Market in the Water and Wastewater Industry 2015-2019.
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