DUBLIN, December 16, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/b48lsx/global_plc_market) has announced the addition of the "Global PLC Market in Power Industry 2015-2019" report to their offering.
The report expects the use of the cloud to manage PLCs to increase during the forecast period. PLCs are designed and installed at plant facilities to control and monitor particular sensors and transmitters. They are monitored through an HMI screen by a controller installed in the facility.
Cloud computing technology helps organizations switch their databases to the cloud for easy access to complex data. However, the use of the cloud as a controller within plant facilities is still in the nascent stage because of fears of hacking and other security concerns. The use of cloud-based PLCs may rise in the future as most industries automate their processes and learn to adopt cloud technology for better data management.
The report forecasts the global PLC market in the power industry to grow at a CAGR of 6.22% over the period 2014-2019.
According to the report, the need for smart or automated factories has increased globally and process and discrete industries are seeking automation to boost plant efficiencies. Automation enables improved communication and precise coordination within factories, and ensures flexibility in the processes. Automation can reduce human involvement, machine downtime, operational costs, and enhance information sharing, operational control, and avoid major factory accidents.
This has created demand for automation solutions such as DCS, SCADA, PLC, and HMI. Continuous monitoring and control of sensors at various levels is essential as many processes in the power industry are executed under difficult and harsh conditions. PLCs fill an irreplaceable need in these circumstances. In addition, the implementation of PLC-based systems reduces the possibility of accidents and process breakdown.
Further, the report states end-users seeking to upgrade their existing PLCs are unable to do so because it is a very expensive process. Hence, many end-users continue with their existing systems, which affects the growth of new emerging PLC vendors.
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?
- Mitsubishi Electric
- Rockwell Automation
- Schneider Electric
Other prominent vendors:
- Bosch Rexroth
- Honeywell International
- Yokogawa Electric
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
For more information visit http://www.researchandmarkets.com/research/b48lsx/global_plc_market
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SOURCE Research and Markets