Albany, NY -- (SBWIRE) -- 08/02/2016 -- A PLC is an industrial control product that regulates various automation and mechanical processes in manufacturing plants. It controls various automation applications in a plant by maintaining direct connectivity with field devices such as sensors, transmitters, and actuators. A PLC receives commands and signals from field devices and other industrial systems through a control system communication protocol. It uses programming languages such as ladder diagrams, functional block diagrams, and instruction lists to regulate processes.

The global PLC market in the power industry to grow at a CAGR of 6.22% over the period 2014-2019. The global PLC market in the power industry can be categorized into three major segments: hardware, software, and services.

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Technavio's report, Global PLC Market in Power Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, US, and ROW; it also covers the landscape of the global PLC market in the power industry and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Key Regions
- APAC
- Europe
- US
- ROW

Key Vendors
- Mitsubishi Electric
- Rockwell Automation
- Schneider Electric
- Siemens

Other prominent vendors
- ABB
- Beckhoff
- Bosch Rexroth
- GE
- Honeywell International

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Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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