Programmable logic controllers are electronic devices that are used for monitoring, controlling, and managing production processes. These controllers comprise components such as processor, power supply, input/output components, and other components. PLCs are manufactured to be robust and capable of operating under humidity, extreme temperatures, electrical noise, and vibrations.
Top Key Players: ABB Ltd,Emerson Electric Co,General Electric Co,Honeywell International Inc,Mitsubishi Electric Corporation,Omron Corporation,Robert Bosch Gmbh,Rockwell Automation Inc,Schneider Electric SE,Siemens AG
The programmable logic controller market is anticipated to grow in the forecast period owing to the driving factors including increasing developments in the manufacturing industry. Further, increasing deployments in the automotive industry is supplementing the market growth. However, availability of substitutes is impeding the growth of the programmable logic controller market.
The global programmable logic controller market is segmented on the basis of type and industry vertical. Based on type, the market is segmented as integrated or compact PLC, modular PLC, small PLC, medium-sized PLC, and large PLC. On the basis of industry vertical, the market is segmented as automotive, energy & power, oil & gas, pharmaceutical, food & beverage, and others.
Source: The Insight Partners