DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6ltlbm/global_plc_market) has announced the addition of the "Global PLC Market 2014-2018" report to their offering.
The analysts forecast the Global PLC market to grow at a CAGR of 9.23% over the period 2013-2018
A programmable logic controller (PLC) is an industrial control product that regulates various automation and mechanical processes in manufacturing plants. A PLC controls various automation applications in a plant by maintaining direct connectivity with various field devices such as sensors, transmitters, and actuators. A PLC receives commands and signals from field devices and other industrial systems through a control system communication protocol. It uses various programming languages such as ladder diagrams, functional block diagrams, and instruction lists to regulate processes.
One key trend emerging in this market is the increased adoption of integrated PLCs. An enterprise-wide integrated PLC increases the efficiency and effectiveness of a manufacturing plant.
According to the report, one of the major drivers in this market is the increased need to reduce machine downtime. A PLC enables operators to prevent the breakdown of machines and pre-empts operation malfunctions.
Further, the report states that one of the main challenges in this market is the high customer switching cost. End-users are struggling to change their existing PLC suppliers because it is a very expensive process. Hence, many end-users are forced to continue with their existing PLC vendor, which affects the growth of other vendors in the market.
The Global PLC market can be segmented into three segments:
Hardware is further divided into:
- Nano PLC
- Small PLC
- Medium PLC
- Large PLC
- Mitsubishi Electric
- Rockwell Automation
- Schneider Electric
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Product
- Market Segmentation by End-users
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/6ltlbm/global_plc_market