PLC Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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PLC Market Size and Growth
The PLC market is experiencing steady growth, driven by increased automation across industries. Current estimates place the global PLC market size at approximately $12 billion, with a projected CAGR of around 5% over the next five years, influenced by advancements in technology and rising demand for efficient industrial processes.
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Companies Covered
(Covid 19 Impact Covered)
◍ Mitsubishi Electric
◍ OMRON
◍ Rockwell Automation
◍ Schneider Electric
◍ Siemen
◍ ABB
◍ Beckhoff Automation
◍ Bosch Rexroth
◍ Delta Electronics
◍ Eaton
◍ Fuji Electric
◍ GE
◍ Honeywell
◍ IDEC
◍ KEYENCE
◍ Hitachi
The PLC market features key players like Mitsubishi Electric, OMRON, and Siemens, driving innovation and integration in automation. Companies enhance market growth by offering advanced solutions. Notable sales figures include Rockwell Automation ($7.3B), Schneider Electric ($30.7B), and ABB ($28B), reflecting their strong impact in the PLC industry.
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