The universal Europe Programmable Logical Controllers Automation Market survey report is a wonderful channel to achieve information or key data about market, emerging trends, product usage, motivating factors for customers, competitor strategies, brand positioning, customer preferences, and customer behaviour. This Market research report is right there to give out such needs of businesses and hence analyses the Market from top to bottom by considering plentiful Market parameters. For drawing up sustainable, money-making, and profitable business strategies, Europe Programmable Logical Controllers Automation Market report acts as a valuable and actionable resource which provides best Market insights that are significant for all time.

Data Bridge Market Research analyses that the Europe programmable logical controllers automation market is expected to reach a value of USD 4,893.84 million by 2029, at a CAGR of 5.3% during the forecast period. The Europe programmable logical controllers automation market report also comprehensively covers pricing analysis, patent analysis, and technological advancements. 

Programmable logical controllers automation is an integral part of industrial automation, which mostly falls in the category of process and discrete-type automation. Recently, the growing importance of industrial automation and advancements in PLC designs and algorithms are driving the North America programmable logical controller automation market. Additionally, the high security offered by PLC has allowed higher penetration of Programmable Logical Controller (PLC) across the North America region. However, the high cost associated with PLC hinders the North America programmable logical controller automation market growth. Moreover, the increase in the adoption of Distributed Control Systems (DCS) and SCADA technologies which is an alternative to PLC type automation, is estimated to act as a restraint for the market.

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Key Players Mentioned in the Europe Programmable Logical Controllers Automation Market Research Report:

PANASONIC CORPORATION, OMRON Corporation, Schneider Electric, Mitsubishi Electric Corporation, ABB, Rockwell Automation, Inc., Siemens, Emerson Electric Co., Honeywell International Inc., Beckhoff Automation, Delta Electronics, Inc., Bosch Rexroth AG, Hitachi, Ltd., Eaton., JTEKT ELECTRONICS CORPORATION, KEYENCE CORPORATION., WAGO, LS ELECTRIC Co., Ltd., Yokogawa Electric Corporation, IDEC Corporation, Fuji Electric Co., Ltd., and FATEK AUTOMATION CORP among others

Recent Developments

• In January 2022, Panasonic Holding Corporation established a partnership with ATCO Australia in the latest renewable energy initiative. This partnership will help the company enhance its finances and positively impact the growth of the global programmable logical controller automation market
• In October 2022, Honeywell International Inc. and Hyundai Motor Group announced an advanced air mobility avionics collaboration. This development has helped the company expand its financials and positively impacted the growth of the global programmable logical controller automation market

Europe Programmable Logical Controllers Automation Market Dynamics

Drivers

Growing adoption of power steering system in automotive sector

The automotive trade has developed from manual steering systems to power steering systems, which use especially mechanical linkages such as pinion and rack. The manual steering system has some limitations relating to fuel potency and auto mobility. However, the ability of power steering system has electronic and mechanics element which helps in comfortable driving and at the same time increase the potency of the automotive. Hence, the ability of power steering system has been extensive and diverse all over the globe. Therefore, an increase in the power steering system is accountable for increasing the demand for the automotive steering system and are expected to drive the market growth rate.

Stringent fuel efficiency norms

Many governments have introduced strict energy frugality regulations and emigration for vehicles across the globe. Regulatory authorities such as the International Council on Clean Transportation (ICCT) in Europe and National Highway Traffic and Safety Administration (NHTSA) in U.S. and other associations have imposed line- position regulations. These regulations indicate an emission limit which requires to be maintained by automotive OEMs. Thus, all these factors regulate the electrically supported power steering systems.

Opportunities

Use of electric power steering systems (EPS) in commercial vehicles

Electric power steering is currently used in light marketable vehicles and passenger vehicles and has a limited presence in the heavy vehicles. With the technological advancements, EPS (Electric power steering) systems could have a superior load bearing capacity due to this it is used in both commercial and marketable vehicle which will create immense opportunities for the market growth rate in upcoming years.

Also, Robert Bosch, the manufacturer of steering system, has introduced a new Servotwin electro-hydraulic steering system for heavy commercial vehicles. These developments are anticipated to create immense opportunities for EPS systems in the commercial vehicle section in the upcoming years.

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Europe Programmable Logical Controllers Automation Market Segmentations: 

By Type

• Modular PLC
• Compact PLC
• Rack PLC

On the basis of type, the global programmable logical controller automation market is segmented into modular PLC, compact PLC, and rack PLC.

By Offering

• Hardware
• Services

On the basis of offering, the global programmable logical controller automation market is segmented into hardware and services.

By Enterprise Size

• Large Scale Enterprises
• Medium Scale Enterprises
• Small Scale Enterprises

On the basis of enterprise size, the global programmable logical controller automation market is segmented into small scale enterprises, medium scale enterprises, and large scale enterprises.

By Vertical

• Oil & Gas
• Automotive
• Chemical & Petrochemicals
• Food & Beverages
• Energy & Utilities
• Others

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Key Benefits:

• This research offers a comprehensive analysis of current trends, projections, and dynamics for the years, with the goal of assisting in the identification of current market opportunities.
• The individual market revenue of the major countries in each area is mapped.
• The research examines the Europe Programmable Logical Controllers Automation Market circumstances on a regional and country-by-country basis.
• The Europe Programmable Logical Controllers Automation market’s major participants have been identified.
• To understand the competitive environment across geographies, this study assesses the competitive landscape and conducts a value chain analysis.
• An in-depth analysis of the Europe Programmable Logical Controllers Automation market’s segmentation within the market has been offered, which is predicted to aid in the current market opportunities.

Table of Contents

• Part 01: Executive Summary
• Part 02: Scope of the Europe Programmable Logical Controllers Automation Market Report
• Part 03: Europe Programmable Logical Controllers Automation Market Landscape
• Part 04: Europe Programmable Logical Controllers Automation Market Sizing
• Part 05: Europe Programmable Logical Controllers Automation Market Segmentation By Product
• Part 06: Five Forces Analysis
• Part 07: Customer Landscape
• Part 08: Geographic Landscape
• Part 09: Decision Framework
• Part 10: Drivers and Challenges
• Part 11: Market Trends
• Part 12: Vendor Landscape
• Part 13: Vendor Analysis

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