Product category:
Process Controllers: PAC, PLC, Loop control
News Release from: ARC Advisory Group | Subject: PLC market
Edited by the Processingtalk Editorial
Team on 13 June 2008
Emerging economies drive PLC market
growth
Strong economic growth in Asia and Eastern Europe significantly boosted the Programmable Logic Controller (PLC) market in 2007: future market growth will be at 6.5% pa
The worldwide market for PLCs is expected to grow at a Compounded Annual Growth Rate (CAGR) of 6.5% over the next five years The PLC market reached nearly USD9billion in 2007 and is forecasted to grow to over USD12billion in 2012, according to a new ARC Advisory Group study
This article was originally published on Processingtalk on 19 Oct 2006 at 8.00am (UK)
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Rapid manufacturing growth is resulting in healthy growth for Programmable Logic Controllers (PLCs) and all segments of the automation products and services market, leading to forecast 7.3%pa growth
Robust investments in manufacturing and infrastructure industries continued worldwide.
"Emerging economies, such as those in the BRIC countries (Brazil, Russia, India, and China) and Eastern Europe, helped propel the growth of the PLC market, which was driven by increasing consumer demand from the growing middle class in those countries, adding new infrastructure within those countries to boost their quality of life, and a positive environment for capital investments in emerging markets," according to Senior Analyst Himanshu Shah, the principal author of the ARC report "Programmable Logic Controller Worldwide Outlook".
Globalisation is causing manufacturing companies to invest in creating new capacities in various industries such as chemical, cement, metals, pharmaceutical, and textile.
Further reading
China PLC market to experience strong growth
Buoyant foreign direct investment flowing into China, accompanied by rising consumer demand, is propelling the country's manufacturing sector, which in turn is driving the PLC market in China
Pharmaceuticals needs new manufacturing systems
ARC Pharmaceutical industry plant-level expenditures worldwide outlook report: many drug manufacturers are ill prepared for the coming pressures, they need to shorten development times
Building automation is also experiencing strong growth with massive commercial, industrial, and residential building projects around the world.
PLCs, which are used across all major discrete and process industries, will continue to experience growth as robust, emerging economies create buoyant demand for increasing automation.
While a cooling off period is expected, automation demand is expected to continue to grow during the forecast period.
The market is demanding the Programmable Automation Controller (PAC), a multi-disciplined controller capable of providing real-time logic, motion, and process control, in addition to HMI and other functions, on a single platform.
Major automation suppliers have extended PLC functions beyond just logic, especially in higher end models.
The PLC-based PAC market growth is expected to be higher than the overall PLC market growth.
This growth will be driven by the logical extension of PLC functionality to a multi-discipline platform.
ARC predicts that most of the small and large PLCs of today, as well as some of the micro PLCs, will morph into PACs, and the pure PLCs will remain at the nano and some of the micro level.
PLC applications cut across discrete, process, and hybrid automation segments, and are poised for steady growth across all manufacturing.
Manufacturing companies, acutely aware of the need for more automation, and for both producing and saving energy to cope with rapidly rising energy demands and costs globally, are increasingly using PLCs.
In addition to the quantitative assessment of the PLC market, this report provides an insightful analysis of the products and strategies of leading PLC suppliers and explores issues that will impact this business in the future.
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