Asia-pacific (APAC) - Programmable Logic Controller (PLC) Market by End-user and Product - Forecast and Analysis 2024-2028

Published: Oct 2023 Pages: 165 SKU: IRTNTR74643

Asia-pacific (APAC) - Programmable Logic Controller (PLC) Market 2024-2028

The Asia-pacific (APAC) - Programmable Logic Controller (PLC) Market is poised to grow by USD 1.19 billion, categorized by Type, Distribution Channel, and Geography. In 2018, the LED  segment, valued at USD 45.91 billion, emerged as the largest segment. The process industry segment was the largest segment and was valued at USD 1.39 billion in 2018.There is a significant growth of the process industry in the (PLC) market when compared with the other segments, including discrete industry and building automation. Factors such as the increasing use of PLC in industries such as oil and gas, chemical and petrochemical, power, water and wastewater treatment, and food and beverage are fuelling the growth of this segment.This trend is anticipated to drive substantial growth, expected to reach a CAGR of 4.83% during the 2023-2028 forecast period.

What will be the Size of the APAC Programmable Logic Controller (PLC) Market During the Forecast Period?

APAC Programmable Logic Controller (PLC) Market Forecast 2024-2028

To learn more about this report,  Request Free Sample

APAC Programmable Logic Controller (PLC) Market Dynamics

Driver - Demand for PLCs in renewable power generation

The main use of  PLC is to monitor and control the operation of wind turbines. In addition, it controls different functions of the nacelle, from blade angle to hydraulics. Furthermore, various sensors are located in wind turbines for detecting wind speed, wind direction, and shaft rotation speed, which collect and transfer data to the PLC.

Therefore, by utilizing this data, the main control system or the controller of the wind turbine controls the turbine to optimize blades in order to generate maximum power. In addition, due to their structure, wind turbines are installed in wide areas and operate in harsh environments, especially offshore wind turbines. Therefore, there is an increase in demand for PLC for optimum power generation and low maintenance which will drive the market growth during the forecast period.

Trends - Increasing focus on expanding the capability of micro PLCs

Micro PLCs are increasingly becoming an indispensable solution for controlling standalone machinery in the process and discrete industries. In addition, benefits including programming flexibility, ease of use, communication capability within a compact structure, and low price compared with traditional PLCs are increasing the adoption of micro PLCs in APAC. Furthermore, recent advances in product design and features have increased their capabilities and applications in the industrial end-user segments. 

Moreover, the initial versions of micro PLCs were specifically designed as a cost-efficient solution for controlling small machinery with basic serial communication. In addition, a few players are providing additional features, including analog and temperature I/O expansion modules, to already launched products to increase their effectiveness. As a result, this is helping micro PLCs expand their capability for machine and process control applications. Therefore, it is positively impacting the APAC - PLC market. Hence, such factors are driving the market growth during the forecast period.

Challenge - Growing market for industrial PC and DCS as substitutes

There has been a  shift from rackmount PLCs to more generic PC-based platforms due to the growing demand for automation. In addition, a PC-based control system offers integration of PLC control, motion control, and SCADA on a single high-performance controller platform. As a result, this has led to a greater demand for industrial PC-based control systems.

Moreover, DCS is another control system that offers distinct advantages over distributed systems that are not available in either PLCs or industrial PCs. In addition, market players are also focusing on improving the application areas of DCS. Therefore, the developments in industrial PCs and DCS are negatively impacting the APAC - PLC market. Therefore, it is expected to hinder the market growth during the forecast period.

APAC Programmable Logic Controller (PLC) Market Segmentation by End-user and Product

End-user Segment Analysis: 

The process industry segment is estimated to witness significant growth during the forecast period. There is a significant growth of the process industry in the Asia Pacific - programmable logic controller (PLC) market when compared with the other segments, including discrete industry and building automation. Factors such as the increasing use of PLC in industries such as oil and gas, chemical and petrochemical, power, water and wastewater treatment, and food and beverage are fuelling the growth of this segment.

Get a Customised Report as per your requirements

The process industry segment was the largest segment and was valued at USD 1.39 billion in 2018. Moreover, in the oil and gas industry, PLCs are used in upstream oil and gas activities such as drilling, mooring, and positioning, and in platforms as well as in the midstream sector for monitoring spillage and leaks during oil or gas transportation. In addition, with a modular design, PLCs are configured in various ways, which offers oil and gas operators the ability to monitor and control different field instruments. Hence, the recovery of oil prices will lead to a number of upstream projects which will fuel the growth of this segment which in turn will drive the APAC programmable logic controller (PLC) market growth during the forecast period.

Product Segment Analysis:

Based on the product, the segment is classified into modular, unitary, and rackmount. Modular PLCs include distinct modules that can be coupled together to build a customized controller. In addition, this segment also offers the flexibility to add more than one system, which makes the module multi-functional. Moreover, modular PLCs can be arranged in cabinets or be rail mounted for safety and security. Furthermore, these are larger in size and more expensive compared with unitary PLCs. In addition, modular PLCs have more memory and capabilities to store more data. Therefore, oil and gas and mining, where processes are highly complex, are the major end-users of modular PLCs.  Hence, such factors are fuelling the growth of this segment which in turn will drive the APAC programmable logic controller (PLC) market growth during the forecast period.

Who are the Major APAC Programmable Logic Controller (PLC) Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd: The company offers programmable logic controllers such as AC500 eCo, AC500, AC500 XC and AC500 S.

We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:

Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co., Ependion AB, Festo SE and Co. KG, Fuji Electric Co. Ltd., IDEC Corp., Infineon Technologies AG, Keyence Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Toshiba Corp. 

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Segment Overview

The APAC programmable logic controller (PLC) market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • End-user Outlook 
    • Process industry
    • Discrete industry
    • Building automation
  • Product Outlook 
    • Modular
    • Unitary
    • Rackmount

APAC Programmable Logic Controller (PLC) Market Scope

Report Coverage

Details

Page number

165

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.83%

Market Growth 2024-2028

USD 1.19 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

3.92

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co., Ependion AB, Festo SE and Co. KG, Fuji Electric Co. Ltd., IDEC Corp., Infineon Technologies AG, Keyence Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Toshiba Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request Sample PDF 

What are the Key Data Covered in this APAC Programmable Logic Controller (PLC) Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the APAC programmable logic controller (PLC) market  between 2024 and 2028
  • Precise estimation of the APAC programmable logic controller (PLC) market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across APAC
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth ofAPAC programmable logic controller (PLC) market companies

We can help! Our analysts can customize this market research report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on APAC: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ million)

    4 Historic Market Size

    • 4.1 Programmable logic controller (PLC) market in APAC 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on programmable logic controller (plc) market in APAC 2018 - 2022 ($ million)
    • 4.2 End-user Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.3 Product Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 22: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 29: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 30: Data Table on End-user - Market share 2023-2028 (%)
    • 6.2 Comparison by End-user
      • Exhibit 31: Chart on Comparison by End-user
      • Exhibit 32: Data Table on Comparison by End-user
    • 6.3 Process industry - Market size and forecast 2023-2028
      • Exhibit 33: Chart on Process industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 34: Data Table on Process industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Chart on Process industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 36: Data Table on Process industry - Year-over-year growth 2023-2028 (%)
    • 6.4 Discrete industry - Market size and forecast 2023-2028
      • Exhibit 37: Chart on Discrete industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 38: Data Table on Discrete industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Chart on Discrete industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 40: Data Table on Discrete industry - Year-over-year growth 2023-2028 (%)
    • 6.5 Building automation - Market size and forecast 2023-2028
      • Exhibit 41: Chart on Building automation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 42: Data Table on Building automation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Chart on Building automation - Year-over-year growth 2023-2028 (%)
      • Exhibit 44: Data Table on Building automation - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 45: Market opportunity by End-user ($ million)
      • Exhibit 46: Data Table on Market opportunity by End-user ($ million)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 47: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 48: Data Table on Product - Market share 2023-2028 (%)
    • 7.2 Comparison by Product
      • Exhibit 49: Chart on Comparison by Product
      • Exhibit 50: Data Table on Comparison by Product
    • 7.3 Modular - Market size and forecast 2023-2028
      • Exhibit 51: Chart on Modular - Market size and forecast 2023-2028 ($ million)
      • Exhibit 52: Data Table on Modular - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Chart on Modular - Year-over-year growth 2023-2028 (%)
      • Exhibit 54: Data Table on Modular - Year-over-year growth 2023-2028 (%)
    • 7.4 Unitary - Market size and forecast 2023-2028
      • Exhibit 55: Chart on Unitary - Market size and forecast 2023-2028 ($ million)
      • Exhibit 56: Data Table on Unitary - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Chart on Unitary - Year-over-year growth 2023-2028 (%)
      • Exhibit 58: Data Table on Unitary - Year-over-year growth 2023-2028 (%)
    • 7.5 Rackmount - Market size and forecast 2023-2028
      • Exhibit 59: Chart on Rackmount - Market size and forecast 2023-2028 ($ million)
      • Exhibit 60: Data Table on Rackmount - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Chart on Rackmount - Year-over-year growth 2023-2028 (%)
      • Exhibit 62: Data Table on Rackmount - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 63: Market opportunity by Product ($ million)
      • Exhibit 64: Data Table on Market opportunity by Product ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 66: Chart on Market share by geography - 2023-2028 (%)
      • Exhibit 67: Data Table on Market share by geography - 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 68: Chart on Geographic comparison
      • Exhibit 69: Data Table on Geographic comparison
    • 9.3 China - Market size and forecast 2023-2028
      • Exhibit 70: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.4 Japan - Market size and forecast 2023-2028
      • Exhibit 74: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 75: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 77: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.5 South Korea - Market size and forecast 2023-2028
      • Exhibit 78: Chart on South Korea - Market size and forecast 2023-2028 ($ million)
      • Exhibit 79: Data Table on South Korea - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Chart on South Korea - Year-over-year growth 2023-2028 (%)
      • Exhibit 81: Data Table on South Korea - Year-over-year growth 2023-2028 (%)
    • 9.6 India - Market size and forecast 2023-2028
      • Exhibit 82: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 83: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 85: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.7 Rest of APAC - Market size and forecast 2023-2028
      • Exhibit 86: Chart on Rest of APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 87: Data Table on Rest of APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Chart on Rest of APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 89: Data Table on Rest of APAC - Year-over-year growth 2023-2028 (%)
    • 9.8 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)
      • Exhibit 91: Data Table on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 92: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 93: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 94: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 95: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 96: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 97: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 98: ABB Ltd. - Overview
              • Exhibit 99: ABB Ltd. - Business segments
              • Exhibit 100: ABB Ltd. - Key offerings
              • Exhibit 101: ABB Ltd. - Segment focus
            • 12.4 Beckhoff Automation GmbH and Co. KG
              • Exhibit 102: Beckhoff Automation GmbH and Co. KG - Overview
              • Exhibit 103: Beckhoff Automation GmbH and Co. KG - Product / Service
              • Exhibit 104: Beckhoff Automation GmbH and Co. KG - Key offerings
            • 12.5 Eaton Corp. Plc
              • Exhibit 105: Eaton Corp. Plc - Overview
              • Exhibit 106: Eaton Corp. Plc - Business segments
              • Exhibit 107: Eaton Corp. Plc - Key news
              • Exhibit 108: Eaton Corp. Plc - Key offerings
              • Exhibit 109: Eaton Corp. Plc - Segment focus
            • 12.6 Emerson Electric Co.
              • Exhibit 110: Emerson Electric Co. - Overview
              • Exhibit 111: Emerson Electric Co. - Business segments
              • Exhibit 112: Emerson Electric Co. - Key news
              • Exhibit 113: Emerson Electric Co. - Key offerings
              • Exhibit 114: Emerson Electric Co. - Segment focus
            • 12.7 Festo SE and Co. KG
              • Exhibit 115: Festo SE and Co. KG - Overview
              • Exhibit 116: Festo SE and Co. KG - Product / Service
              • Exhibit 117: Festo SE and Co. KG - Key offerings
            • 12.8 Fuji Electric Co. Ltd.
              • Exhibit 118: Fuji Electric Co. Ltd. - Overview
              • Exhibit 119: Fuji Electric Co. Ltd. - Business segments
              • Exhibit 120: Fuji Electric Co. Ltd. - Key offerings
              • Exhibit 121: Fuji Electric Co. Ltd. - Segment focus
            • 12.9 IDEC Corp.
              • Exhibit 122: IDEC Corp. - Overview
              • Exhibit 123: IDEC Corp. - Business segments
              • Exhibit 124: IDEC Corp. - Key offerings
              • Exhibit 125: IDEC Corp. - Segment focus
            • 12.10 Infineon Technologies AG
              • Exhibit 126: Infineon Technologies AG - Overview
              • Exhibit 127: Infineon Technologies AG - Business segments
              • Exhibit 128: Infineon Technologies AG - Key news
              • Exhibit 129: Infineon Technologies AG - Key offerings
              • Exhibit 130: Infineon Technologies AG - Segment focus
            • 12.11 Keyence Corp.
              • Exhibit 131: Keyence Corp. - Overview
              • Exhibit 132: Keyence Corp. - Product / Service
              • Exhibit 133: Keyence Corp. - Key offerings
            • 12.12 Lenze SE
              • Exhibit 134: Lenze SE - Overview
              • Exhibit 135: Lenze SE - Product / Service
              • Exhibit 136: Lenze SE - Key offerings
            • 12.13 Mitsubishi Electric Corp.
              • Exhibit 137: Mitsubishi Electric Corp. - Overview
              • Exhibit 138: Mitsubishi Electric Corp. - Business segments
              • Exhibit 139: Mitsubishi Electric Corp. - Key news
              • Exhibit 140: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 141: Mitsubishi Electric Corp. - Segment focus
            • 12.14 OMRON Corp.
              • Exhibit 142: OMRON Corp. - Overview
              • Exhibit 143: OMRON Corp. - Business segments
              • Exhibit 144: OMRON Corp. - Key news
              • Exhibit 145: OMRON Corp. - Key offerings
              • Exhibit 146: OMRON Corp. - Segment focus
            • 12.15 Panasonic Holdings Corp.
              • Exhibit 147: Panasonic Holdings Corp. - Overview
              • Exhibit 148: Panasonic Holdings Corp. - Product / Service
              • Exhibit 149: Panasonic Holdings Corp. - Key news
              • Exhibit 150: Panasonic Holdings Corp. - Key offerings
            • 12.16 Parker Hannifin Corp.
              • Exhibit 151: Parker Hannifin Corp. - Overview
              • Exhibit 152: Parker Hannifin Corp. - Business segments
              • Exhibit 153: Parker Hannifin Corp. - Key news
              • Exhibit 154: Parker Hannifin Corp. - Key offerings
              • Exhibit 155: Parker Hannifin Corp. - Segment focus
            • 12.17 Toshiba Corp.
              • Exhibit 156: Toshiba Corp. - Overview
              • Exhibit 157: Toshiba Corp. - Business segments
              • Exhibit 158: Toshiba Corp. - Key news
              • Exhibit 159: Toshiba Corp. - Key offerings
              • Exhibit 160: Toshiba Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 161: Inclusions checklist
                • Exhibit 162: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 163: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 164: Research methodology
                • Exhibit 165: Validation techniques employed for market sizing
                • Exhibit 166: Information sources
              • 13.5 List of abbreviations
                • Exhibit 167: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

              PURCHASE FULL REPORT OF

              programmable logic controller (plc) market

              QUICK BUY

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

              Why should you prefer Technavio's market insights report?

              • Off-the-shelf research reports
              • Reports can be tailored to meet the customer's needs
              • Trusted by more than 100 fortune 500 organizations
              • Information about the market's key drivers, trends, and challenges
              • Parent market analysis
              • Every week, 50,000 people visit our subscription platform
              • Detailed vendors report with competitive landscape
              • Covid-19 impact and recovery analysis
              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis