PLC and PLC-based PAC Market is Growing with the Challenges of Industrial IoT According to ARC Report
Industry: Information Technology
New ARC Advisory Group research on the global market for PLC and PLC-based PACs reveals that programmable logic controllers (PLC) and programmable automation controllers (PAC) continue to be the preferred choice among machine builders and end users. This applies not just for traditional machine control, but also increasingly in process and infrastructure applications.
Dedham, Massachusetts (PRUnderground) September 18th, 2020
New ARC Advisory Group research on the market for PLCs and PLC-based PACs reveals that programmable logic controllers (PLC) and programmable automation controllers (PAC) continue to be the preferred choice among machine builders and end users. This applies not just for traditional machine control, but also increasingly in process and infrastructure applications. The market contracted slightly in 2019 after two strong years of growth and is taking a strong hit in 2020 due to the coronavirus.
“The Industrial Internet of Things (IIoT) is changing how industrial processes are controlled and monitored, but PLCs are growing with and adapting to the new challenges rather than being replaced by alternate technologies. Based on established industrial technology, PLCs are valued for their speed, repeatability, reliability, and ease of deployment and maintenance,” according to David Humphrey, Research Director at ARC Advisory Group and key author of ARC’s PLC and PLC-based PACs Global Market Research report.
“PLCs have gained a lot of speed and new functionality in the past decade, allowing some users to switch to smaller PLCs. This tactic is especially popular with cost-conscious machine builders, and is changing the market dynamics,”
“The coronavirus will set the market back in 2020 and the study includes an updated forecast that reflects how and when we expect the PLC market to recover in the coming years,” added Humphrey.
Leading Suppliers to the PLC and PLC-based PAC Market Identified
In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offering. In alphabetical order, these include: Mitsubishi, Rockwell Automation, and Siemens.
About the PLC and PLC-based PAC Research
This ARC research explores current and historical market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the PLC and PLC-based PAC market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, plus five-year market forecasts by industry, machinery segmentations, revenue category, hardware, software and services, sales channels, and customer type.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) – personalized spreadsheet includes up to five years of historical data in addition to the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, go to www.arcweb.com/market-studies.
About ARC Advisory Group
Founded in 1986, ARC Advisory Group is the leading technology research and advisory firm for industry, infrastructure, and cities. ARC stands apart due to our in-depth coverage of both operational technologies (OT) and engineering technologies (ET) and associated business trends. Our analysts and consultants have the industry knowledge and the first-hand experience to help our clients find the best answers to the complex business issues facing organizations today. We provide our technology supplier clients with strategic market research, and help our end user clients develop appropriate adoption strategies and select the best technology solutions for their needs.