A Programmable Logic Controller (PLC) is a form of regarded computer used in industries for automation. They are programmed to automatize specific processes, machine functions and sometimes the entire production line. PLCs pick up information and data from connected input devices and process these data and trigger output upon their programmed instructions. Based on incoming inputs and outputs, real-time insights into machine productivity, the temperature can be measured and the processes can be automated. They are formable and are controlled by robots, which are easily adaptable.
According to study Asia–Pacific Programmable Logic Controllers (PLC) Market by Architecture, Product, Industry Vertical and Country 2014-2025: Segment Analysis, Trend Forecast, and Business Strategy gives a detailed analysis and data for annual revenue which is available for 2014-2025. The disruption of key national markets by product type and industry vertical over the forecast years are also included. The report consists of a competitor’s analysis and the predicted manufacture trend; and profiles PLC vendors including market leaders and important emerging players. Specifically, potential risks associated with investing in Asia – Pacific PLC market and industry is assayed quantitatively and qualitatively through GMD’s Risk Assessment System. The major players in the market are ABB Ltd., B&R Industrial Automation GmbH, Emerson Electric Co., General Electric Co., Hitachi, Ltd., Honeywell International Inc., IDEC Corporation, Mitsubishi Electric Corp., Omron Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation.
Asian-Pacific market over the last few years has seen a surge in specialization and advancements in digital technologies. This has enabled users to benefit from low – cost and efficient PLC software without dependence on licensing – the based product of traditional PLC vendors. Modern-day PLC hardware is made up of microcontrollers which give users the power to build and execute super – fast controller applications for any type of industries. Thus, PLCs are evolving and adopting Smartphone models where devices have applications that enable users to execute a particular task. Companies like Bosch Rexroth AS launched a version of PLC which works under an open source operating software that can be connected with open source coder’s repository. Thus, this enables users to use free software or build their own applications based on their requirement.
The PLC market is undergoing a type of disruption the Smartphone faced during 2007 with the advent of app stores. The traditional PLC players will see a reduction in revenues if they fail to adapt to the changing dynamics in the market and customize according to the customer demands.
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Ankur Gupta, Head Marketing & Communications