Market Is Poised to Rebound After Severe Downturn
This study provides an in-depth analysis of the worldwide Programmable Logic Controller (PLC) and PLC-based Programmable Automation Controller (PAC) business and its segments. In addition to market analysis and forecasts, the study also covers the strategic issues that influence the market, today and in the future.
The global PLC and PLC-based PAC market declined significantly across all regions of the world in 2009. The market declined in emerging economies as well, but the decline was much less severe in those regions due to substantial infrastructure stimulus funding, fewer financial institutional issues, and a more rapid turnaround in local consumer demand for goods and services.
While it is difficult to view any market growth through the lenses of the recent economic environment, there are many dynamics that will drive market growth over the next five-year forecast period.
Growing demands for energy savings, higher infrastructure productivity, increased production accuracy, better product quality, greater machine agility, tighter process control, and additional safety are some of the crucial factors that will fuel market growth. Also, growing end user and OEM demand for multi-disciplined integrated control platforms will accelerate the growth of the PLC-based PAC market.
Strategic Issues
Automation is increasingly more vital as industry continues to face challenges to compete in the global economy. While automation remains one of the best infrastructure investments a company can make, the market dynamics for suppliers also remains very competitive. This leads to issues for the PLC and PLC-based PAC suppliers to address. such as how to create opportunities by learning from long term trends, which industries to target, what are the regional scenarios and geographical regions to target, and which are the best solutions to offer. To this end, the report suggests various strategies for PLC and PLC-based PAC suppliers to increase its overall value propositions to the market.