DEDHAM Massachusetts — ARC released a new study indicating the demand for Programmable Logic Controllers (PLC), a key automation component in the discrete, hybrid, and process industries, will grow at a compounded annual growth rate (CAGR) of 6.1% over the next five years. The PLC market was nearly $7.5 billion in 2005 according to ARC and is forecasted to grow to over $10 billion in 2010.
ARC contributes the growth in the PLC market to overall improving global economic health and strong demand for automation in a broad range of industries.
ARC indicates open standards and modern modular architectures have helped expand the use of PLCs into what ARC coins 'PACs' or Programmable Automation Controllers.
More information on the PLC study can be found at www.arcweb.com/res/plc
Filed Under: Factory automation, Packaging, Motion control • motor controls, PLCs + PACs