Global PLC market to grow at a CAGR of 3,1% from 2016 to 2021

The global PLC market, which comprises of Nano PLC, Small PLC, Medium PLC, Large PLC, Programmable Automation Controllers (PAC), Software, and Services, is expected to grow at a CAGR of 3.1% from 2016 to 2021 and reach $13,145.1 million by 2021.

The aim of this study is to analyze the developments of the PLC market in the global level and present an outlook on market growth, opportunities, and performance. The major focus is market trends (drivers and restraints); regional trends (North America, Europe, Middle East, Africa, Asia-Pacific, and rest of the world). The study highlights opportunities created by PLC manufacturers, third party hardware and software developers, and internet/technology companies that are integrating industrial internet of things (IIoT) solutions into PLCs and investing in the development of next-generation control technologies.

Market measurements and revenue forecasts were estimated for 2016-2021 (PLC market by region, product, and end user industries). Market focus and market share details of key participants, such as Rockwell Automation, Inc., Siemens AG, Mitsubishi Electric Corporation, Schneider Electric, and ABB are included. The base year for the study is 2016 and forecast period is from 2017 to 2021.

Source: https://www.businesswire.com/news/home/20180105005372/en/Global-Programmable-Logic-Controllers-Market-2021–

Related Articles

Water Outlook

Water Stress Challenges are Resulting in the Investment of Sustainable Water Solutions

Sustainability and cost efficiency top the list of factors influencing the growth of the global water and wastewater market. Both municipal and industrial end users of the water and wastewater segments are investing in sustainable solutions due to global challenges of water stress, as well as changes in implementation and enforcement of regulatory policies throughout various regions.

 

 

 

PB-43-Johnson-TelosPartnership-400.jpg

Telos Corporation and Johnson Controls Form Strategic Partnership

Telos Corporation, a provider of cyber, cloud and enterprise security solutions for the world’s most security-conscious organizations, and Johnson Controls, a provider for smart, healthy and sustainable building, have recently announced the integration of the Telos Ghost virtual obfuscation network into Johnson Controls OpenBlue Cloudvue Gateway.

 

 

 

Changing Scene

Sponsored Content
The Easy Way to the Industrial IoT

The way to the Industrial IoT does not have to be complicated. Whether access to valuable data is required or new, data-driven services are to be generated, Weidmuller enables its customers to go from data to value the easy way. Weidmuller’s comprehensive and cutting-edge IIoT portfolio applies to greenfield and brownfield applications. Weidmuller offers components and solutions from data acquisition, data pre-processing, data communication and data analysis.

Visit Weidmuller’s Industrial IoT Portfolio.

ADVANCED Motion Controls Takes Servo Drives to New Heights (and Depths) with FlexPro Extended Environment Product Line

Advanced Motion Controls is proud to announce the addition of six new CANopen servo drives with Extended Environment capabilities to their FlexPro line. These new drives join AMC’s existing EtherCAT Extended Environment FlexPro drives, making the FlexPro line the go-to solution for motion control applications in harsh environments.

Many motion control applications take place in conditions that are less than ideal, such as extreme temperatures, high and low pressures, shocks and vibrations, and contamination. Electronics, including servo drives, can malfunction or sustain permanent damage in these conditions.

Read More

Service Wire Co. Announces New Titles for Key Executives

Bruce Kesler and Mark Gatewood have been given new titles and responsibilities for Service Wire Co.

Bruce Kesler has assumed the role of Senior Director – Business Development. Bruce will be responsible for Service Wire’s largest strategic accounts and our growing Strategic Accounts Team.

Mark Gatewood has been promoted to the role of Vice President – Sales & Marketing. In this role, Gatewood will lead the efforts of Service Wire Company’s entire sales and marketing organization in all market verticals.

Read More

Tri-Mach Announces the Purchase of an Additional 45,000 sq ft. Facility

Tri-Mach Elmira Facility

Recently, Tri-Mach Inc. was thrilled to announce the addition of a new 45,000 sq ft. facility. Located at 285 Union St., Elmira, ON, this facility expands Tri-Mach’s capabilities, allowing them to better serve the growing needs of their customers.

Positioning for growth, this additional facility will allow Tri-Mach to continue taking on large-scale projects, enhance product performance testing, and provide equipment storage for their customers. The building will also be the new home to their Skilled Trades Centre of Excellence.

Read More

JMP Parent Company, CONVERGIX Acquires AGR Automation, Expanding Global Reach

Convergix Automation Solutions has completed the acquisition of AGR Automation (“AGR”), a UK-based provider of custom, high-performance automation design and systems integration primarily to the life sciences industry.

Following Convergix’s acquisitions of JMP Solutions in August 2021 and Classic Design in February 2022, AGR marks the third investment in Crestview’s strategy to build Convergix into a diversified automation solutions provider targeting the global $500+ billion market, with a particular focus on the $70 billion global systems integration and connectivity segments. Financial terms of the transaction were not disclosed.

Read More

Latest Articles

  • Implementing Functional Safety Requirements

    Implementing Functional Safety Requirements

    The Safety Functional Requirements Specification (SFRS; sometimes referred to as SRS or Safety Requirements Specification) is the plan for the safety controls on a machine and is the second step of the safety lifecycle. The SFRS document serves as a framework for the safety control system design, is informed by prior work done in the… Read More…

  • From Endress+Hauser, 24/7 Digital, Plant-Wide Health Monitoring for Rockwell Systems Optimizes Workflows and Processes

    From Endress+Hauser, 24/7 Digital, Plant-Wide Health Monitoring for Rockwell Systems Optimizes Workflows and Processes

    Endress+Hauser’s Asset Health Monitoring Solution–Rockwell Edition, now available for installation, provides operators with a centralized, digital overview of plant-wide device health to avoid unscheduled shutdowns and accelerate troubleshooting. It not only presents early visibility of problematic devices but distinguishes itself by adding likely causes and remedies to such a report so problems can be fixed… Read More…