The world PLC market, which had been hit hard by the world recession during 2009, has turned to a slight recovery in 2010, according to a report from IMS Research.
The world PLC market, which had been hit hard by the world recession during
2009, has turned to a slight recovery in 2010. According to "The World
Market for PLCs from IMS Research, a research firm based in Wellingborough,
England, the world PLC market was estimated at $6.3 billion in 2009. It is
forecast to increase by $0.6 billion in 2010. However, revenues are not
forecast to return to the 2008 level until 2012.
According to market analyst Alex Hong, "Some uncertain factors still
remain. For example, with concerns over sovereign debt in several countries in
Europe, and with government austerity measures to address them, we cannot yet rule
out a double-dip recession." In such a circumstance, the PLC market might
turn down again.
The report notes that business confidence is a more important factor. Many
PLC manufacturers' business recovered slightly in early 2010 as many plans and
projects, which were stopped in 2009, were reactivated. In addition, PLC
manufacturers believe their business will have a strong recovery after 2010 and
hope that it will soon get back to the level of 2008.
The growth of the PLC market depends on different industries in different
regions. For example, Japanese PLC manufacturers rely heavily rely on the
performance of their LED/LCD and semiconductor industries. Car production is a
major driving force in the EMEA market; textile machinery is the biggest
machine-builder sector in the Asia-Pacific market. All these industries
performed badly in 2009 but are showing a healthy but slow recovery in 2010,
according to IMS.
Slight Turn for the Better in the Global PLC Market
December 20, 2010