PC-based automation market expected to exhibit significant growth between 2018 and 2023. This market growth can be attributed to the evolution of IIoT and increasing demand for smart automation solutions, growing emphasis on regulatory compliances, and increasing need for efficient monitoring in manufacturing plants. However, high investments for the implementation of PC-based automation systems are restraining the growth of the PC-based automation market.
PLC to hold a major share
PLC is one of the most critical components in PC-based automation systems. It is widely used in almost all industrial applications to control the automation of industrial processes. Furthermore, PLCs are evolving continuously to include advanced features such as greater programming flexibility and ease, scalability, high memory, compactness, and high speed. These advanced features make PLCs the best option for a variety of industrial automation applications. This is driving the growth of the market for PLCs
Process industries to hold a larger share
The adoption rate of PC-based automation solutions in process industries is high owing to the rising cost pressure on manufacturers to optimize their production processes. Moreover, the increasing demand for real-time visibility and complex operations in industries such as oil & gas, energy & power, mining & metals, and food & beverages is expected to boost the demand for PC-based automation solutions in process industries
Growth in APAC market expected to grow at a high rate
The PC-based automation market in APAC is likely to grow at a high rate between 2018 and 2023. In APAC, countries such as India, China, and Japan play an important role in the overall growth of the PC-based automation market. In India, increasing infrastructural investments and government initiatives such as "Make in India" are supporting market growth. The Government of India is encouraging foreign companies to invest in the country to build their manufacturing facilities.
Further, in China, the high adoption of advanced manufacturing technologies and government initiatives such as "Made in China 2025" are likely to accelerate the growth of the market for advanced manufacturing technologies, including PC-based automation, in the country.
Read the full report: https://www.reportlinker.com/p05304238