The Future For Programmable Logic Controllers PLC applications cut across discrete, process and hybrid automation segments, and are poised for steady growth across all manufacturing. Strong economic growth in Asia and Eastern Europe significantly boosted the programmable logic controller (PLC) market in 2007 And although economic expansion is expected to continue, future growth will be at a slower pace The worldwide market for PLCs is expected to grow at a CAGR of 6.5% over the next five years. The PLC market reached nearly US $9.0 billion in 2007 and is forecasted to grow to over $12 billion in 2012, according to a new ARC Advisory Group study. Robust investments in manufacturing and infrastructure industries continued worldwide. "Emerging economies, such as those in the BRIC countries (Brazil, Russia, India and China) and Eastern Europe, helped propel the growth of the PLC market, which was driven by increasing consumer demand from the growing middle class in those countries, ad...
Posts
Showing posts with the label Logic