Modular PLC Market Growth, Trends, Product, Forecast Research, 2024

1
Modular PLC Market Growth Opportunities and
Challenges Over 2018-2024 Global Market
Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Modular PLC Market

• Asia Pacific modular PLC market is anticipated to
  grow at a high rate owing to the growing demand
  from power energy, and food beverage
  industries. The industry is projected to grow
  owing to the rise in the manufacturing industries
  and the growing power distribution networks in
  China, India, Japan, and Singapore.
• The region has witnessed a rise in electricity
  consumption owing to fast industrialization and a
  wide customer base. The effective usage of the
  modular components is enhancing efficiency and
  reducing production costs manpower, driving the
  modular PLC market demand in the region.

3

• Application Analysis of Modular PLC Market
• Micro modular PLC market is driven by factors
  such as the growing need for compact and
  automation solutions, smaller size of the
  components, scalability, enhanced flexibility,
  and ease of programming. Usage of the
  micro-components helps end-use industries to
  interpret and monitor different variables and to
  actuate and control external systems. These
  components help in basic controls in a variety of
  general applications and are cost-effective and
  user-friendly. In addition, the rising demand for
  compact solutions in automation, extensive
  adoption of IoT connectivity, and growing
  awareness of automation in various industrial
  processes are the key factors driving the micro
  modular PLC market growth.
• The software modular PLC market is anticipated to
  witness a high growth over the coming years owing
  to the rise in capital investments for automating
  the industrial processes. The software is being
  used by end users in the metal mining, and
  power energy industries to enhance and
  implement automation for standardization. The
  software is a vital module in the automation
  solutions as they aid in real-time communication
  at a high speed. In the industry, several PLC
  software programs are available according to the
  necessity and mechanism of the devices.

4
Competitive Market Share of Modular PLC Market

• Key players operating in the modular PLC market
  include BR Industrial Automation, Mitsubishi
  Electric, Rockwell Automation, Inc., Omron
  Corporation, ABB Limited, Schneider Electric SE,
  and Siemens AG.
• Increasing rivalry among key players is expected
  to boost the modular PLC market growth. Companies
  are undergoing mergers and collaborations to
  enhance their product portfolio and strengthen
  their market position.
• For instance, in July 2017, ABB announced the
  acquisition of BR Industrial Automation with an
  aim to strengthen its industry share and position.

5

Browse Full Market Research Report On Modular
PLC Market _at_ https//bit.ly/2xFkJTJ Request
for an in-depth table of contents for this report
_at_ https//www.gminsights.com/request-toc/upcoming/
2472
6
Stay In Touch Website www.gminsights.com Soci
al Media