1. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Fuel Cell Market size worth $25.5bn by 2024 Programmable Logic Controller Market Industrial Forecast and Trends from 2018 to 2024: Global Market Insights, Inc.

2. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  China PLC market is expected to grow rapidly over the forecast time span owing to the increasing focus of industries in the region on automation. Recovering economy and increasing government stimulus toward the automation in industries are propelling the increasing demand for these components in China.  Increasing electronics manufacturing in the Asia Pacific region is expected to positively impact the PLC market growth in China.  The manufacturers in the country own intellectual property rights to gain competitive advantage. This has enabled the companies to develop customized products for the customers. Regional Analysis of PLC Market :

3. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Application Analysis of PLC Market:  In addition to the industrial use of these components, the PLC market is projected to gain momentum over the forecast time span owing to increased applications in commercial applications such as elevators, traffic controls, and washing machines. Growing consumer trend toward the adoption of intelligent machines has encouraged the vendors of commercial products, such as washing machines, to implement these components in the devices, aiding the PLC market growth.  The PLC market is characterized by the demand from application industries including automotive, oil & gas, pharmaceutical & chemical, food & beverage, and energy & power. The demand for these components from the automobile sector is growing rapidly owing to the increasing automation in the manufacturing industries. The automobile manufacturers are focusing on severe demand influx and are finding it difficult to cater to the requirements with increasing turn-around time hampering their businesses. To improve the turn-around time, the manufacturers are implementing automation in the manufacturing facilities, thus propelling the PLC market growth in the sector.

4. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  Prominent vendors in the PLC market include Bosch Rexroth, ABB, Eaton, Fuji Electric, KEYENCE, Koyo Electronics, IDEC, Panasonic, Yokogawa, Toshiba, Mitsubishi Electric, Rockwell Automation, OMRON, Schneider Electric, and Siemens.  The vendors are increasingly investing in the technology to provide customized solutions to the customers. The customization strategy is expected to aid companies to gain a competitive advantage. Competitive Market Share of PLC Market:

5. © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On PLC Market @ https://bit.ly/2HX9pHy Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/2470

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