LONDON--(BUSINESS WIRE)--Global procurement intelligence advisory firm, SpendEdge, has announced the release of their ‘Programmable Logic Controllers Procurement Research Report.’ The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the IT industry. This report breaks down the data and analysis behind the procurement of programmable logic controllers and acts as an all-inclusive guide for making smart purchasing decisions.
“The growth of the global PLC market can be attributed to the increase in demand for compact PLCs that can perform complex automation functions, especially in the industrial automation sector,” says SpendEdge procurement research analyst Bhuvaneshwari Udayakumar. “Major suppliers in the industry focus on the development of compact PLCs with high processing speeds to cater to buyers' demand, especially from industrial automation and energy sectors,” added Bhuvaneshwari.
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Key Report Features
| Supply Market Insights | Negotiation Strategies | |||
| Procurement Best Practices | Category Risk Analysis | |||
| Cost Saving Opportunities | Key Supplier Analysis | |||
| Pricing Models | Supplier Capability Matrix | |||
Report Insights
- The global demand for PLCs is attributed mainly to the increase in the need for automation in manufacturing industries, especially in regions such as APAC and North America. For instance, the demand for industrial. Also, major end-user industries such as automotive, pulp and paper, packaging, and oil and gas, further contribute to the growth of the global PLCs market.
- Buyers need to procure PLCs with advanced features to enhance production process. Employing faster processors and CPUs that have large memory space will help buyers to enhance the efficiency of the production process, reduce the need to frequently upgrade the PLC and obtain a competitive edge in the market.
- One of the key challenges faced by buyers includes obsolescence of technology. Technological advances are occurring at a rapid pace in the PLCs industry, which is reducing the lifespans of existing products. Therefore to stay in the forefront buyers in this market need to consider the advances in technology and try to incorporate changes as and when required.
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Programmable Logic Controllers Market: Pricing Trends
Cost-plus pricing model and fixed pricing model are the two widely adopted pricing models in the PLC market. The cost-plus pricing model is extensively adopted by large organizations as they require highly-customized products based on project requirements. Moreover, most large organizations have already deployed PLCs in their production process and are now replacing it with new devices or upgrading them to enhance their operational process. Thus, they often prefer to opt for cost-plus pricing model, which allows better cost savings when compared to fixed pricing.
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