global programmable logic control (plc) market in power industry 2015-2019
TRANSCRIPT
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Global Programmable Logic Control (PLC) Market In Power Industry 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Market Highlights
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Global Programmable Logic Control (PLC) Market In
Power Industry 2015-2019,please mail us at
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Key Trends
Technavio’s Senior Analyst says, “Industrialization and urbanization in the Middle East and developing countries such as Brazil have increased the demand for energy generation. This has resulted into the commissioning of new smart grids for power storage and transmission.”
• PLC technology is based on programmed instruction logic, which enhances operational flexibility. PLCs have replaced traditional control panels that involved hard-wired relays and timer logic.
• The global PLC market in the power industry was valued at $1,086 million in 2014 and is expected to reach $1,468.31 million by 2019, growing at a CAGR of 6.22%.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Global Programmable Logic Control (
PLC) Market In Power Industry 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our
report:
Global Programmable Logic Control (
PLC) Market In Power Industry 2015-2019
Mitsubishi Electric
Rockwell Automation
Schneider Electric
Mitsubishi Electric was of the leading vendors in the global PLC market in the power industry in 2014. The company dominated the PLC market in APAC. It enhances its PLC product portfolio through R&D activities.
Rockwell offers PLCs through its Allen Bradley division. It is a key leading vendor in the PLC market in the Americas and market leader in the PLC market in North America.
Schneider Electric is one of the leading vendors in the market having significant technical expertise and brand image. This company offers complete automation solutions and provides a diversified product portfolio for their customers.
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Market Landscape
• PLC involves customization and dedicated industry-oriented development process. Therefore, proper maintenance and servicing of PLC is essential.
• PLC service is an added advantage that help vendors gain revenue.
• Any error in the process can cause factory shutdown leading to heavy losses in industries including the power industry as PLCs are usually employed in mission critical processes.
• In addition, the use of PLCs requires technical expertise.
• Many companies lack a dedicated technical support and rely on their vendors and outsource service providers.
• These requirements trigger the demand for proper support and services.
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Key Market Highlights Guest Bloggers
• Authenticity • Delivery • Price• Service
Support
• The automation needs arising out due to the need for reducing power loss will be the main reason for adopting PLC's in power industry.
• The APAC region would be the fastest growing segment due to reforms that is carried out in countries like China.
• The services market will see sustained growth on account of aftersales support requirements and replacement activities.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Global Programmable Logic Control (PLC) Market In
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