Lewes, DE -- (SBWire) -- 05/05/2015 --Report forecast the PLC market in the US to grow at a CAGR of 5.84 percent over the period 2014-2019.
PLC is a product that regulates various automation and mechanical processes in manufacturing plants. It controls applications by maintaining connectivity via field devices such as sensors, transmitters, and actuators. A PLC receives commands and signals from field devices and other industrial systems through a control system communication protocol. It uses various programming languages such as ladder diagrams, functional block diagrams, and instruction lists to regulate processes.
This report covers the present scenario and the growth prospects of the PLC market in the US for the period 2015-2019. To calculate the market size, the report covers the revenue generated from various end-user industries.
According to the report, India, manufacturing companies are focusing on increasing efficiency in their production facilities. Enhanced efficiency gives manufacturers a competitive edge over their market rivals. In this regard, PLCs are employed to automate the electromechanical processes in various industries. The benefits of improved manufacturing efficiency include higher operating margins, better ROI, increased cash flow, better employee morale, better relationships with stakeholders, and a more favorable corporate and brand image. All these benefits in turn have a direct impact on the profitability of manufacturers, thus driving the growth of the PLC market in the US during the forecast period.
Further, the report states that PLC vendors are forced to differentiate their products to maintain their position in the market and gain a competitive edge over their rivals.
The PLC market in the US, has been prepared based on an in-depth market analysis with inputs from industry experts. It presents the vendor landscape and a corresponding detailed analysis of the major vendors in the PLC market in the US. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.
Key players in PLC Market in the US 2015-2019: ABB, GE, Mitsubishi Electric, Rockwell Automation, Schneider Electric and Siemens
Other Prominent Vendors in the market are: Beckhoff, Bosch Rexroth, Honeywell International, Idec, Keyence, KoyoElectronics, Omron, Panasonic, Toshiba and Yokogawa Electric
Market driver
- Resurgence of automotive industry in the US
- For a full, detailed list, view our report
Market challenge
- Lack of product differentiation
- For a full, detailed list, view our report
Market trend
- Recovery of the economy in the US
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 81 pages, "PLC Market in the US 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, PLC Overview, Market Landscape, Market Segmentation by End-users, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.
For further information on this report, please visit- http://www.marketresearchreports.com/technavio/plc-market-us-2015-2019
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