Programmable Logic Controllers: Moderate Growth for Shaky European Market

  Enquire / contact me

Enhanced efficiency and improved safety and control capabilities will be key to sustaining growth

Programmable Logic Controllers: Moderate Growth for Shaky European Market
Programmable Logic Controllers: Moderate Growth for Shaky European Market

The European programmable logic controllers (PLC) market witnessed a heavy decline in growth in 2009, owing to the recession of 2008. However, it made a strong recovery in 2010 with all major market participants in Europe experiencing high growth.
The sovereign debt crisis afflicting the Eurozone will determine the future prospects of the European PLC market. In the meantime, however, the market is likely to grow steadily over the forecast period aided by the emergence of major Eastern European economies as manufacturing hubs for the rest of Europe.
New analysis from Frost & Sullivan, European Programmable Logic Controllers Market, finds that the market earned revenues of €1563.7 million in 2010 and is estimated to reach €2597.3 million in 2017.
"The global economic crisis and the sovereign debt crisis of Europe have created an atmosphere of uncertainty, with fewer projects expected in the next 2 years," cautions Frost & Sullivan Senior Research Analyst Karthik Sundaram. "This is poised to have a significant impact on the general industrial automation market and on the European PLC market."
The European PLC market is expected to experience moderate growth during the forecast period. The small and medium PLC product segment will be instrumental in sustaining market growth and expansion in the coming years. A major trend defining the market will be increasing end user concerns over cyber security.

Posted on February 22, 2012 - (517 views)
by
Related articles
BASF Corporation leads a commercial demonstration with ExxonMobil
Measuring the Position of Hydraulic and Telescopic Cylinders
Smart Plastics for Smart Maintenance
Stop wasting time on network commissioning reports
"Change is a Collection of Processes''
Novotema Celebrates its 40th Anniversary
TEL 10WI Series
AI Convention Europe Presents KAPTAIN
Honeywell Becomes Principal Member of ODVA
Faulhaber Lands in Italy
Abu Dhabi International Petroleum Exhibition & Conference
Connect Everything with eFactory
Sensing Innovation in Process and Control
Mechatronic Products
SENSORS & INSTRUMENTATION for Test Measurement & Control
IIoT I/O Series
Hannay Reel Hose and Cable Reels
SPS IPC Drives 2018 - Free Ticket
Level Switches
Ultrasonic Flowmeter for Air
Compact True Color Sensor
A new performance class in inductive displacement measurements
Positioning System
Torque Limiter
Ultrasonic Flowmeters for Compressed Air
Isolated 4-port PSE Controller
Multifunction Panel Meters DCM20 series
450 Watt Medical Power Supplies
Portable Emissions Analyzer E8500 plus
Photovoltaic Fuse Holder
Measuring the Position of Hydraulic and Telescopic Cylinders
AI Convention Europe Presents KAPTAIN
Ultrasonic Flowmeters for Compressed Air
JDN Mini 24/07
Motion Controller from FAULHABER with STO shutdown
Temperature control technology
Multi-tasking Communication Server
Guidance Systems for Higher Duty XTS Applications
Advanced Humanoid Robot Hand
Virtual Personal Assistant ODP S3