The Asia Pacific region will experience the strongest growth, estimated at 7.9% annually, says market research firm IMS Research, Wellingborough, UK.
Last year, Europe, the Middle East, and Africa represented the largest market for PLCs, but in recent years the Asia Pacific region has experienced rapid growth. This fast-growing market shows the greatest potential for PLC products.
Price is the key issue between local suppliers and larger global suppliers in the region. Local suppliers typically beat larger global suppliers by offering PLC devices at lower prices. Conversely, larger suppliers, which are keen to sell PLCs as part of a more complete system, are trying to maintain higher prices.