Programmable Logic Controller (PLC) Market In APAC 2024-2028
The programmable logic controller (PLC) market in APAC is forecasted to grow by USD 1199.46 mn during 2023-2028, accelerating at a CAGR of 4.83% during the forecast period. The report on the programmable logic controller (PLC) market in APAC provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for compact automation solutions, demand for PLCs in renewable power generation, and requirement of PLCs in smart factory.
Technavio's programmable logic controller (PLC) market in APAC is segmented as below:
By End-user
- Process industry
- Discrete industry
- Building automation
By Product
This study identifies the increasing focus on expanding the capability of micro PLCs as one of the prime reasons driving the programmable logic controller (PLC) market in APAC growth during the next few years. Also, simplification of the software designing process and introduction of soc FPGAs in PLC architecture will lead to sizable demand in the market.
The report on the programmable logic controller (PLC) market in APAC covers the following areas:
- Programmable logic controller (PLC) market in APAC sizing
- Programmable logic controller (PLC) market in APAC forecast
- Programmable logic controller (PLC) market in APAC industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading programmable logic controller (PLC) markets in APAC vendors that include ABB Ltd., Beckhoff Automation GmbH and Co. KG, Eaton Corp. PLC, Emerson Electric Co., Ependion AB, Festo SE and Co. KG, Fuji Electric Co. Ltd., IDEC Corp., Infineon Technologies AG, Keyence Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Toshiba Corp.. Also, the programmable logic controller (PLC) market in the APAC analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.