Technavio has announced the top five leading vendors from 2016-2020 in their recent Global Micro Programmable Logic Controller (PLC) Market report.
The company’s research showed that the global market for PLCs will grow at a steady CAGR of over 8 per cent by 2020, with the following companies identified as leading competitors.
- Rockwell Automation
Rockwell Automation provides industrial automation and control, power, and information solutions. The company serves diverse industries, including food and beverage, transportation, oil and gas, metals, mining, and life sciences. The company also offers control platforms that perform multiple control and monitoring applications such as continuous, batch, and discrete process; drives and motion control; and machine safety control.
- Schneider Electric
Schneider Electric offers a range of products, including boxes, cabling and interfaces, building management systems, bus, networks and communication, fuse switches, human-machine interface, and motion and drives. The company also offers PLCs for industrial and commercial machines.
Siemens offers a wide range of products and solutions to various industrial companies, particularly in process and manufacturing industries. The company provides automation technologies, industrial controls and industry software that helps customers to optimise the complete product development and production process.
- Mitsubishi Electric
Mitsubishi Electric provides electrical and electronic products and systems. Its products are used in energy and electric systems, industrial automation, information and communication systems, electronic devices and home appliances. The company also provides engineering software for PLCs.
OMRON offers automation components, equipment, and systems with advanced computer, communications and control technologies. The company has key business divisions such as industrial business group, social system business group, healthcare, products, open system and creative service business.
Other prominent companies recognised by Technavio include ABB, Beckoff, Bosch Rexroth, GE, Hitachi, Honeywell, IDEC, Yaskawa and Yokogawa.