Programmable Logic Control Systems (PLC) Market for Thermal Power Plants - Global Market Size, Competitive Landscape, Trends and Analysis to 2020

Programmable Logic Control Systems (PLC) Market for Thermal Power Plants - Global Market Size

, Competitive Landscape, Trends and Analysis to 2020

Report Reserve announces inclusion of a new market research report to its premium store.

This report gives detailed information on the PLC market globally. It provides revenues and forecasts across key regions globally. The reports provides information on key trends, market revenues forecast to 2020, market share of key players. The report provides revenues forecasts to 2020 for key countries across major regions. It provides information on market share of key players in these countries.

Development of New Technologies to Drive the PLC Market over the Forecast Period

The Programmable Logic Controller (PLC) market has been extensively impacted by the global economic meltdown, which has resulted in a slow growth rate over the last two years. There has been a steep drop in the PLC market revenues from 2008 due to reduction in capex investments. The market is well consolidated, as market share in excess of 79% is held by the top four market participants, namely, Siemens AG, Rockwell Automation, Inc., Mitsubishi Electric Corporation, and Schneider Electric Corporation. The others contributed around 20% of the total market, wherein industry specific companies such as, Toshiba America, Inc., Omron Electric Corporation, GE-Fanuc and other niche market participants are present. Original equipment manufacturers/machine builders are some of the primary end-users of PLC, but the reduction in related expenditures due to lack of expansion projects across the world has led to a decline in the industry growth rate. However, the trend is expected to grow, in the long term, during the forecast period.

The development of new technologies is set to drive the PLC market, as diagnostics, online programmable features and multiple functions get built in within the product. Nano and small PLCs are expected to grow at a faster rate than medium or large PLCs, as end users look for large-scale functionality as I/O increases. The services component of the market is also expected to grow throughout the world with North America and Europe contributing mainly to it. The retrofit market for automation domain across all industry verticals is estimated to be $60 billion, which presents a significant potential for solution providers to maximize revenues through efficient go-to market service-oriented strategies.

PLC Market in Power Industry to generate approximately $1.7 billion in Revenues by 2020

The world PLC market is expected to witness a Compound Annual Growth Rate (CAGR) of 6.1% from 2011 to 2020, much lesser than the historic CAGR due to the impact of the global economic recession. Nonetheless, the driving factors for the PLC market have been increasing consistently and it is likely to increase in the future also. The growth of the utility sector and the need for automation to improve efficacy of the plant and reduce plant down time, remain the major drivers for PLC in the utility sector. There is an intense competition from other control systems, but significant technological developments are underway in the PLC market, which is driving the growth of this market. The ease of programming, along with user friendly functionalities is the most preferred characteristic of the product for end users across diverse verticals. The revenues for the world PLC market in 2010 were $931m and are expected to reach

$1,655.8 in 2020, growing at a CAGR of 6.1% from 2011 to 2020. For more details, please vist http://www.reportreserve.com/reportdet.php?company=GlobalData&reportid=13205

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