Research and Markets - Global Micro PLC Market 2016-2020 With Mitsubishi Electric, OMRON, Rockwell Automation, Schneider Electric & Siemens Dominating

May 24, 2016, 05:10 ET from Research and Markets

DUBLIN, May 24, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Micro PLC Market 2016-2020"  report to their offering. 

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The global micro PLC market to grow at a CAGR of 8.17% during the period 2016-2020. 

Global Micro PLC Market, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. 

The report covers the present scenario and the growth prospects of global micro PLC market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales and aftermarket services of global micro PLCs market. Micro PLCs are compact PLCs with greater than 24 and lesser than 128 I/Os. 

Integration of HMI in micro PLCs is one of the major trends in the market. Vendors of micro PLCs are coming up with products with wider HMI screen compared to earlier generations. These HMIs display user-friendly graphic icons, send and receive text messages, and change displays according to the progression of the manufacturing process in an industrial production line. 

According to the report, miniaturization of industrial control systems is increasing in the factory automation industry. Customers look for small form factors that can provide the same functionalities and features of larger devices, while consuming low power. Germany initiated Industry 4.0 to increase production efficiency and maintain competitiveness in a smarter and greener way. This has led to the rise in smart factories that are intelligently connected and automated. Industrial controllers that are critical for smart factories are evolving toward miniaturization with high performance capabilities. 

Further, the report states that the high preference for industrial PCs among end-users should have a negative influence on the demand for micro PLCs. 

Key vendors 

- Mitsubishi Electric 
- Rockwell Automation 
- Schneider Electric 
- Siemens 

Other prominent vendors 

- ABB 
- Beckhoff 
- Bosch Rexroth 
- GE 
- Hitachi 
- Honeywell International 
- Yaskawa 
- Yokogawa 

Market drivers 

- Need for compact automation solutions 

Market challenges 

- Security risks 

Market trends 

- Integration of HMI into micro PLCs 

Key questions answered in this report 

- What will the market size be in 2020 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? 

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SOURCE Research and Markets