Programmable Logic Controller | How do PLC Work?
What Is PLC?
Programmable logic controllers
are electronic devices that are used for monitoring, controlling, and managing
production processes. These controllers comprise components such as processor,
power supply, input/output components, and other components. PLCs are
manufactured to be robust and capable of operating under humidity, extreme
temperatures, electrical noise, and vibrations.
The programmable logic controller
market is anticipated to grow in the forecast period owing to the driving
factors including increasing developments in the manufacturing industry.
Further, increasing deployments in the automotive industry is supplementing the
market growth. However, availability of substitutes is impeding the growth of
the programmable logic controller market.
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The global programmable logic
controller market is segmented on the basis of type and industry vertical.
Based on type, the market is segmented as integrated or compact PLC, modular
PLC, small PLC, medium-sized PLC, and large PLC. On the basis of industry
vertical, the market is segmented as automotive, energy & power, oil &
gas, pharmaceutical, food & beverage, and others.
Type of PLC
Micro PLC
Programmable logic controllers
are solid-state electronic devices that are used to control and monitor
operations of various types of machines and processes. Micro PLCs are generally
compact in size than the regular PLCs with a lesser number of I/O pins. The requirement
of compact automation systems is one of the factors driving the growth of the micro-PLC
market. The market of micro-PLC is highly competitive with the presence of a
large number of players operating in the market.
Nano PLC
The nano PLC market has witnessed
eminent growth in the last couple of years globally. The increasing demand for
low end automation in industrial, commercial, and residential applications is
driving the demand of these products worldwide. The advantages such as easy
installation, low complexity, and cost-effectiveness of nano PLCs over micro
and small PLCs are driving the growth of market in diverse industries.
The
Prominent/Emerging Players in the Programmable Logic Controller Market Research
include:
1. ABB
Ltd
2.
Emerson Electric Co
3.
General Electric Co
4.
Honeywell International Inc
5.
Mitsubishi Electric Corporation
6.
Omron Corporation
7.
Robert Bosch Gmbh
8.
Rockwell Automation Inc
9.
Schneider Electric SE
10.
Siemens AG
The Programmable Logic Controller
Market Company Profiles are individually represented for all major participants
and indices such as Financial Performance, Strategic Initiatives, Product
Portfolio & Company Overview.
Increasing Trend of Home and
Building Automation
The reach of connected devices
and adoption of advanced technologies such as artificial intelligence, machine
learning, and the Internet of Things (IoT) are succeeding at an unprecedented
pace. Moreover, home and building automation is a fast-growing industry, which
offers ample growth opportunities to nano PLC market players. Nano PLCs offer a
cost-effective, less complex, and energy- and space-saving automation solution
for the automation applications. Hence, the rising demand for innovative and
flexible automation solutions in residential and commercial buildings is projected
to boost the global nano PLC market growth during the forecast period.
The Insight Partner's dedicated
research and analysis team consist of experienced professionals with advanced
statistical expertise and offer various customization options in the existing
study.
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