plc market in apac 2015-2019
TRANSCRIPT
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PLC Market in APAC 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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PLC Market in APAC 2015-2019,
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Key Trends
Technavio’s Senior Analyst says, “The open architecture nature of the PLCs facilitate easy integration with other automation solutions that are critical to any industry. Increased need for plant optimization among end-user industries also plays a vital role in driving the demand for PLCs. These drivers, coupled with government regulations on safety standards, will propel the growth of the PLC market in APAC during the forecast period.”
• A PLC is an industrial control product that regulates various automation and mechanical processes in manufacturing plants. It controls various automation applications in plants by maintaining direct connectivity with field devices such as sensors, transmitters, and actuators.
• Technavio's analysts forecast the PLC market in APAC to grow at a CAGR of 8.09% over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver,
challengeand trend is
available in our report:PLC Market in APAC 2015-2019
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Vendors
To understand the vendor landscape and
for a full list of vendors view our
report:
PLC Market in APAC 2015-2019
Mitsubishi Electric
Rockwell Automation
Schneider Electric
Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo, Japan. Its operations involve developing, manufacturing, and marketing electric and electronic equipment that are used in energy and electric systems, industrial automation, information and communication systems, electronic devices, and home appliances.
Rockwell Automation was established in 1903 and is headquartered in Milwaukee, US. It is a global provider of industrial automation power, control, and information solutions.
Schneider Electric was established in 1836 in Rueil, Malmaison, France. It is one of the leading global manufacturers of equipment for electrical power distribution and industrial control and automation.
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Market Landscape
• APAC is the fastest growing region in the market because of the emerging economies such as India and China.
• Rapid urbanization and industrialization in this region has resulted in the need for PLCs in automotive, oil and gas and power industries.
• South East Asian countries contribute significantly to the growth of the PLC market in APAC.
• Additionally, these countries are investing heavily in the chemical and petrochemical plants due to their lower costs compared to the developed economies in the Americas and Europe.
• The need for plant optimizations across end-users in this region is increasing rapidly, creating vast opportunities for the market growth.
• The region also has very well-established automation manufacturers.
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Key Buying Criteria
Parameter Details
Robustness PLCs are often used in harsh environments and hence need to
be robust to work efficiently.
Integration PLCs must be compatible with the existing automation systems
for smooth integration.
Reliability PLCs need to be reliable, especially in critical applications.
After-sales SupportPLC providers must provide end-users with regular maintenance and support.
Costs Cost of PLCs play an important role when end-users select
vendors.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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PLC Market in APAC 2015-2019
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