The PC-based automation market is expected to be valued at USD 29.92 Billion in 2018 and is likely to reach USD 38.01 Billion by 2023, at a CAGR of 4.9% between 2018 and 2023. The growth of this market 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.
Among all components, PLCs are expected to hold the largest share of the overall PC-based automation market in 2018. PLCs are 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.
The PC-based automation market for software is expected to grow at a higher rate during the forecast period. Key market players such as Siemens, General Electric, Rockwell, and Mitsubishi Electric are releasing updated versions of software to offer advanced solutions to end users. Software upgrades are necessary for the proper functioning of PC-based automation systems. This upgraded software comes with advanced features and functionalities, which improve the overall performance of manufacturing processes. These factors are contributing to the growth of the PC-based automation market for software.
Among all process industries, food & beverages industry is expected to hold the largest share of the overall PC-based automation market during the forecast period. Installation costs, networking, and connectivity between processing systems and the operator’s control room, and safety at work are some of the major concerns related to manufacturing processes of companies in the food & beverages. To overcome all these obstacles, PC-based automation solutions are adopted to enhance safety and productivity; this helps in reducing installation costs, providing flexibility by connecting with different devices, and improving data flow between devices. Thus, the demand for PC-based automation systems is high in the food & beverages industry.
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