This global market research report segments the micro programmable logic controller (PLC) market by products (hardware, services, and software), by end users (automotive, oil and gas, power, food and beverage, and water and wastewater industry), and by geography (the Americas, APAC, and EMEA). The top vendors are Mitsubishi, OMRON, Rockwell Automation, Schneider Electric, and Siemens.
Technavio’s market research analysts estimate the global micro PLC market to grow at a CAGR of about 8% between 2016 and 2020. The growing need for compact automation solutions is a noteworthy factor that will lead to the growth of this market during the forecast period. Miniaturization of industrial control systems is increasing in the factory automation industry as most customers prefer devices with a small form factor that can provide the same functionalities and features of larger devices. APAC is expected to dominate the global micro PLC market owing to various product launches during the forecast period.
The new market research report from Technavio provides a breakdown and analysis of the micro PLC segments by technology.
“Of late, many vendors have started developing products with wider HMI screen when compared to earlier generations. These HMIs display user-friendly graphic icons, send and receive text messages, and change displays according to the progression of the manufacturing process. With the help of HMI, end users will be able to communicate directly with the application via a resistive analog touch screen or remotely via a free remote operator utility that displays color trend graphs, data, and alarm screens. Its ability to improve visibility and make the work easier for end users will result in the increased integration of HMI in micro PLCs,” says Bharath Kanniappan, Lead Analyst, Industrial Automation, Technavio Research
The automotive industry is the biggest end user in the global micro PLC market and is envisaged to generate revenues of almost USD 2 billion by 2020. In this industry, micro PLCs are used for the monitoring of production processes like welding, painting, stamping, and assembly. Factors like high investments by motor vehicle manufacturers to purchase plants, property, equipment, and industrial control solutions will lead to the growth of this market segment during the estimated period.
The leading players in the global micro PLC market are Mitsubishi, OMRON, Rockwell Automation, Schneider Electric, and Siemens. The market is competitive and is primarily dominated by the prominent multinational players. In this market, the vendors also offer a wide range of software to address additional needs like transferring stored information from the micro PLC to electronic datasheets and connecting the micro PLC to communication networks.
A more detailed analysis is available in the Technavio report, Global Micro PLC Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
