Programmable logic controller (PLC) is an electronic device used to monitor, control, and manage building systems, production processes, and power in industrial control systems. Power supply, processor, programming of PLC, and the input/output section are some of the basic components of PLC. To meet the demand for harsh industrial environments, these controllers are designed to be extremely robust, often capable of withstanding extreme temperatures, humidity, vibration, and electrical noise. Furthermore, several languages are used in PLC programming that are sequential function chart, ladder logic, and functional block diagrams.
What is PLC?
PLC (Stands Programmable logic controller)for is a digital electronic device consisting of hardware and software elements intended for interfacing with the input devices such as pushbuttons and sensors and output devices such as motors and solenoid valves in the associated machine to achieve the desired control task. It is capable of receiving signals concerning the process variables as provided by the input devices, processing the signals, and then energizing the final control elements to control the output devices, as per the software program or instructions stored in its memory.
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PLCs is an integral part of industrial process control and factory automation for years. It controls a wide array of applications starting from lighting functions to environmental systems to chemical processing plants. These PLCs work seamlessly for years in hazardous industrial environments to offer excellent flexibility and precision. In addition, it offers the greater reliability in factory automation and increased efficiency, thereby fostering the market growth. However, rise in prices of PLCs hinders the market growth.
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.
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.
Major companies profiled in the report include Honeywell International, Mitsubishi Electric Corporation, Schneider Electric, Omron Corporation, Rockwell Automation, Siemens AG, ABB Ltd. General Electric, Hitachi Industrial Equipment Systems Co., Ltd., and Allen Bradley.
The reports cover key developments in the programmable logic controller market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from programmable logic controller market are anticipated to lucrative growth opportunities in the future with the rising demand for programmable logic controller in the global market. Below mentioned is the list of few companies engaged in programmable logic controller market.