Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
A programmable logic controller (PLC) is an electronic device that is used for the control of manufacturing processes, such as assembly lines, or robotic devices, or any activity that needs high reliability, ease of programming and process fault diagnosis. It continuously monitors the state of input devices and makes decisions based upon a custom program to control the state of output devices. PLC are of various types that includes integrated or compact PLC, modular PLC, small PLC, medium-sized PLC, and large PLCs. PLCs are designed to be extremely robust, can withstand extreme temperatures, humidity, vibration, and electrical noise.
Increasing demand of PLC from automotive industry will drive the PLC market growth. PLC are used in automotive industry as a relay replacement equipment. Besides, increasing adoption of automation systems in automotive industry and growth of automotive industry will drive the market growth. Moreover, factors such as simple programming method, ease of maintenance, and increasing developments in the manufacturing industry will further boost the market. North America is expected to have largest share in PLC market. This growth of the market in the region is attributed to the increasing industrial investment in the mining and oil & gas sectors that is boosting the utilization of PLCs in the region.
The global COVID-19 pandemic has badly hit many economies around the globe. It has affected lives and businesses worldwide. Due to worldwide lockdown various sectors and industries are facing challenges during this pandemic, it has impacted badly in PLC market as well. Various sectors such as oil & gas and automotive have been down due this pandemic has reduced the demand for PLC from these sectors. However, demand of PLCs from industries such as pharmaceuticals will drive the market growth during this period as well.
The global PLC market is studied for the key regions such as North America, Europe, Asia Pacific and Rest of the World. North America region comprises of U.S., Canada and Mexico. Whereas Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. Asia Pacific covers China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa. North America is expected to account for the largest market share in the market during the forecast period. This growth of the market in the region can be attributed to the various initiatives and industrial investments in the region.
The report analyses the global PLC Market based on type, solution, end user, and geography. The PLC Market is broadly segmented on the basis of type as Integrated or Compact PLC, Modular PLC, Small PLC, Medium-sized PLC, and Large PLCs. Based on solution it is classified as Hardware, Processor, Power Supply, Input/output (I/O), Software, Service, Training, Maintenance, and Consulting. End-user studied in the report are Food & Beverage, Automotive, Energy & Utilities, Pharmaceuticals, Pulp & Paper, Oil & Gas, Water and Wastewater Treatment, Other End-user Industries.
The key companies in the PLC market are ABB Ltd., Honeywell International Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation, Inc., Omron Corporation, Siemens AG, General Electric Co., Allen Bradley, Hitachi Industrial Equipment Systems Co., Ltd., Panasonic Corporation, Robert Bosch GmbH, and Emerson Electric Co.
The report analyses the global PLC market based on type, solution, end user, and geography. The PLC Market is broadly segmented on the basis of type as Integrated or Compact PLC, Modular PLC, Small PLC, Medium-sized PLC, and Large PLCs. Based on solution it is classified as Hardware, Processor, Power Supply, Input/output (I/O), Software, Service, Training, Maintenance, and Consulting. End-user studied in the report are Food & Beverage, Automotive, Energy & Utilities, Pharmaceuticals, Pulp & Paper, Oil & Gas, Water and Wastewater Treatment, Other End-user Industries.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. While, Europe covers UK, France, Germany, Italy, Spain. Asia Pacific covers China, India, Japan and Rest of Asia Pacific. The Rest of the world comprise Latin America and Middle East & Africa.
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