Monday 4 May 2015, Amsterdam
The report recognizes the following companies as the 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
The report said: “Integration of PLCs with various enterprise applications is one of the emerging trends being witnessed in the PLC market in the US. Many manufacturing companies need enterprise-wide integrated PLC applications, especially PLCs that are integrated with ERP software. Enterprise-wide PLC applications increase the efficiency and effectiveness of a manufacturing plant. They also enable operators to manage the entire plant automation system with real-time information. In addition, a few automation vendors have started to develop strategic alliances with various ERP vendors to provide enterprise-wide PLC applications. Therefore, many vendors have started to enhance their market position by providing enterprise-wide PLC applications.”
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 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 a SWOT analysis of the key vendors.