ARC Consulting Group released the latest "PLC and PLC-based PAC China Market Research Report", pointing out that China PLC and PLC-based PAC market will be affected by many factors, such as "Made in China 2025" strategy and PLC and PAC functions. At the same time, ARC found that there are some factors that are inhibiting the growth of the market. For example, there are more and more overcapacity in the industries that use PLC and PAC. The competitiveness of China's manufacturing industry is insufficient, low oil prices, environmental pressure and so on. ARC expects that China PLC and PLC-based PAC market will likely maintain a slow growth rate during the forecast period (2014-2019). “PLC and PLC-based PAC China market has changed, both in terms of industry requirements and customer expectations. If suppliers want to achieve sustained success in this market, they need to better understand market dynamics and react quickly. Determining potential industries, entering the market, and achieving goals is an important factor for suppliers." ARC's latest "PLC and PLC-based PAC China Market Research Report" analyst Cao Yu commented. Slow growth In recent years, China's PLC and PAC markets have experienced many fluctuations. In some years, growth has been rapid and the rest of the time has been declining. The weak global economy and reduced exports have affected China's business environment. ARC believes that these market restraints will not change in the short to medium term, and we predict that the market will grow slowly during the forecast period. The biggest market driving force will be the “Made in China 2025†strategy, whose key objective is to enhance the competitiveness of Chinese manufacturing through the latest intelligent manufacturing technology. Increased importance of software and services Software and services are becoming more important for PLC vendors and end users, as are PLC-related services. PLC procurement personnel are looking at not only computing power and specific life cycle time. In general, there is very little room for differentiation in terms of pure hardware. Suppliers can only protect their growth prospects by clearly positioning their product advantages (best technology, comprehensive product portfolio, lower price, ease of use, etc.).
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February 24, 2021