China PLC market poised for growth

China's business environment is providing abundant investment opportunities for manufacturers from all around the world to set up facilities there. Foreign direct investment flowing into China, accompanied by rising consumer demand, is propelling the country's manufacturing sector, which in turn is driving the Programmable Logic Controller (PLC) market in China. The China market for PLCs is expected to grow at a compounded annual growth rate of 12.4% over the next five years. The market was close to $750 million in 2006 and is projected to exceed $1.3 billion in 2011, according to a new ARC Advisory Group study, “Programmable Logic Controllers Outlook for China.” The report addresses the expanding role of PLCs and also identifies overall PLC trends in products, platforms, market sectors, and application segments where large investments take place. For more information, visit www.arcweb.com/res/plc-chi.