Asia-Pacific Market for PLCs will exceed $3.6 billion in 2016

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Says a new study called The World Market for PLCs - 2012

Asia-Pacific Market for PLCs will exceed $3.6 billion in 2016
Asia-Pacific Market for PLCs will exceed $3.6 billion in 2016

IMS Research (now part of IHS Inc. (NYSE:IHS)) projects that revenues in the Asia-Pacific PLC market (excluding Japan) will rise to $3.6 billion in 2016, according to a new study The World Market for PLCs - 2012.
The EMEA market for PLC hardware and directly associated software and services was estimated to have been worth $4.2 billion million in 2011. Compared with 2010, revenues grew by 23.1 percent; however, they are forecast to grow much slower from 2012, mainly because of the Eurozone debt crisis. Overall, the total market is forecast to grow at a CAGR of 7.8 percent from 2010 to 2016.This is by far the largest market in the world.
After a strong recovery in 2010, the American PLC market entered a period of modest growth. Thanks to domestic spending, economic performance in the U.S. has gradually been recovering throughout 2012, as indicated by several consecutive positive announcements relating to employment figures. The market in the Americas is projected to grow at a modest rate from 2012 to 2016.
Japan's post-earthquake recovery and reconstruction boom has stopped. Having increased by 30 percent in U.S. dollars in 2010, growth of Japanese PLC revenues slowed to an estimated rate of 9.6 percent in 2011. The slowdown is largely due to tepid private domestic demand and significant headwinds for exports, such as China's anticipated growth moderation, the Yen's excessive strength, and the Japanese government's overextended balance sheet.
PLC revenues grew 8.6 percent in Asia Pacific in 2011,falling sharply from more than 50 percent in 2010.This is mainly due to weakening external demand and the tightening monetary and fiscal policy against inflation. Following slow-down period, growth in China appears to be stabilizing as government stimulus measures take hold. Recently, growth in industrial production, merchandise exports and real retail sales all quickened. Exports are expected to remain vulnerable for some time to come.
Despite these challenges, IMS Research predicts that the long-term opportunities for the Asia-Pacific market remain strong, especially in China and India. China was estimated to account for 52.3 percent of the revenues in the region in 2011. India followed, with 18.8 percent, a share which is forecast to grow more slowly than China's.

Posted on December 10, 2012 - (509 views)
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