Programmable Automation Controllers Market by Product type (Hardware and Software), Type (Integrated Type, Distributed Type, and I/O Type), and Application (Oil & Gas, Machine Manufacturing, Electrical & Electronics, Aerospace & Defense, Chemical, Pharmaceuticals, Automotive & Transportation, and Other): Global Opportunity Analysis and Industry Forecast, 2019–2026
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Jul 2020 |
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Programmable automation controllers (PACs) are basically industrial computers that are constructed for manufacturing environments. These computers act as the brains of the manufacturing operation, providing highly reliable control of automation equipment. Programmable automation controllers have an open architecture and they incorporate modular design. They help an array of devices, networks, and systems to communicate and operate with each other. As they use standard protocols and network technologies such as Ethernet, OLE for Process Control (OPC), and Structured Query Language (SQL), they are used to communicate, monitor, and control equipment across multiple networks and devices. PACs provide more flexibility in programming, larger memory capacity, and better scalability for future expansion. They are particularly useful for systems with a high percentage of analog I/O.
Increase in demand for high-performance and powerful functionality controller for satisfying the complex control requirements of the industries drives the growth of the programmable automation controllers market. In addition, rise in demand for machines with higher efficiency and connectivity fuel the market growth. However, high cost of programmable automation controllers is expected to restrain the growth of the market. Furthermore, increase in R&D activities related to construction technologies, wherein programmable automation controllers are useful, provides opportunities for the growth of the programmable automation controllers market. There are several players in the motion control market and product launch, product development, business acquisition, and business expansion are the growth strategies adopted by the key players.
For instance, in April 2017, ABB acquired B&R (Bernecker + Rainer Industrie-Elektronik GmbH). B&R is one of the largest independent providers focused on product- and software-based, open-architecture solutions for machine and factory automation worldwide.
The significant impacting factors for the growth of the programmable automation controllers market include increase in demand for the high-performance and powerful functionality controller, rise in demand for machines with higher efficiency and connectivity, and surge in demand for high-speed analog measurements. In addition, the restraining factors by which the programmable automation controllers market gets influenced include high initial and maintenance cost. Furthermore, increase in R&D activities related to construction technologies, wherein programmable automation controllers are useful, provides lucrative opportunities for the growth of the programmable automation controllers market.
The programmable automation controllers industry is segmented based on product type, type, application, and region. Based on product type, the market is bifurcated into hardware and software. By type, it is categorized into integrated type, distributed type, and I/O type. Based on application, it is categorized into oil & gas, machine manufacturing, electrical & electronics, aerospace & defense, chemical, pharmaceuticals, automotive & transportation, and other. Based on region, the market is analyzed across Europe, Asia pacific, North America, and LAMEA.
The major companies profiled in the global programmable automation controllers market share include Siemens AG, ABB Group, Schneider Electric, Rockwell Automation Inc., Honeywell, Omron, Emerson Electric, General Electric Company, Yokogawa Electric, Mitsubishi Electric, and others.
KEY BENEFITS FOR STAKEHOLDERS
- This study comprises analytical depiction of the global programmable automation controllers market trends with current trends and future estimations to depict the imminent investment pockets.
- The overall potential is determined to understand the profitable trends to gain a stronger foothold.
- The global programmable automation controllers market analysis report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current market forecast is quantitatively analyzed from 2019 to 2026 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
KEY MARKET SEGMENTS
By Product Type
- Hardware
- Software
By Type
- Integrated Type
- Distributed Type
- I/O Type
By Application
- Oil & Gas
- Machine Manufacturing
- Electrical & Electronics
- Aerospace & Defense
- Chemical
- Pharmaceuticals
- Automotive & Transportation
- Other
BY REGION
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
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