DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/75a77a/programmable_logic) has announced the addition of GlobalData's new report "Programmable Logic Control Systems (PLC) Market for Thermal Power Plants - Global Market Size, Competitive Landscape, Trends and Analysis to 2020" to their offering.
This report gives detailed information on the PLC market globally. It provides revenues and forecasts across key regions globally. The reports provides information on key trends, market revenues forecast to 2020, market share of key players. The report provides revenues forecasts to 2020 for key countries across major regions. It provides information on market share of key players in these countries.
Development of New Technologies to Drive the PLC Market over the Forecast Period
The Programmable Logic Controller (PLC) market has been extensively impacted by the global economic meltdown, which has resulted in a slow growth rate over the last two years. There has been a steep drop in the PLC market revenues from 2008 due to reduction in capex investments. The market is well consolidated, as market share in excess of 79% is held by the top four market participants, namely, Siemens AG, Rockwell Automation, Inc., Mitsubishi Electric Corporation, and Schneider Electric Corporation. The others contributed around 20% of the total market, wherein industry specific companies such as, Toshiba America, Inc., Omron Electric Corporation, GE-Fanuc and other niche market participants are present. Original equipment manufacturers/machine builders are some of the primary end-users of PLC, but the reduction in related expenditures due to lack of expansion projects across the world has led to a decline in the industry growth rate. However, the trend is expected to grow, in the long term, during the forecast period.
The development of new technologies is set to drive the PLC market, as diagnostics, online programmable features and multiple functions get built in within the product. Nano and small PLCs are expected to grow at a faster rate than medium or large PLCs, as end users look for large-scale functionality as I/O increases. The services component of the market is also expected to grow throughout the world with North America and Europe contributing mainly to it. The retrofit market for automation domain across all industry verticals is estimated to be $60 billion, which presents a significant potential for solution providers to maximize revenues through efficient go-to market service-oriented strategies.
Scope
- Global PLC market forecast to 2020, marketshare of key players.
- Regional split across key geographies.
- Key countries in the regions market forecast to 2020, marketshare of key players across key countries.
Reasons to buy
- Facilitate decision-making based on investments plans
- Develop strategies based on the latest regulatory events
- Position yourself to gain the maximum advantage of the regional growth potential
- Identify key partners and business development avenues
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