End users have begun to prefer automation to manual systems to optimize processes and thereby, improve productivity and reduce down time and human error.
New analysis from Frost & Sullivan (industrialautomation.frost.com), Asia Pacific Programmable Logic Controllers Market, finds that the market is expected to earn revenues of $458.0 million by 2015.
Industries are increasingly demanding efficient factory automation of mechanical processes, and PLC is perceived to be the first step towards complete automation. Once installed, the PLC system requires less maintenance and presents fewer operational challenges than other automation technologies. PLC companies are making the most of this inherent product advantage by focusing on new applications, moving away from the long-established hardware ladder logic to a more structured one using sophisticated software methodologies.
The market is sustained by strong demand from traditional industries such as food and beverage, chemical and petrochemical, as well as emerging industries such as water/wastewater and life sciences. The booming water and wastewater industry with its need to minimize water losses and optimize the treatment process has particularly benefited the PLC market in the Asia Pacific.
"Further, the food and beverage end-user industry, buoyed by population growth and rising standards of living in the Asia Pacific, is sustainable and is likely to increase the uptake for PLC," says Frost & Sullivan Consulting Analyst Yandan Chen. "Meanwhile, major oil and gas companies continue to invest substantially in the Asia Pacific and as these projects usually last long, PLC adoption in petrochemical plants is less vulnerable to economic downturns."
However, that is not to suggest that the market is completely insulated from the effects of the slowdown. There has been a slight shrinkage in the market due to the decline in the general manufacturing industry and the sluggish consumer sentiment in North American and European countries.
"Add to that the limited domestic market in this region for general manufacturing industry products and the PLC market participants have a real challenge on their hands," notes Chen. "Therefore, in this ever-changing globalized industry, organizations need to be flexible toward adopting the latest technologies and trends."
PLC vendors have to stay abreast of the market dynamics and react swiftly and appropriately. The best course of action in these straitened conditions is to constantly upgrade the technology and diversify the product portfolio to satisfy customer demands in a dynamic industry landscape.
If you are interested in more information on this study, send an email to Donna Jeremiah, Corporate Communications, at djeremiah[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.
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