Middle East Programmable Logic Controller Market Global Industry Trends, Share, Size and Forecast Report

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Middle East Programmable Logic Controller Market Global Industry Trends, Share, Size and Forecast Report

Japan, Japan, Wed, 29 Sep 2021 08:35:31 / Comserve Inc. / — Middle East Programmable Logic Controller Market With Top Countries Data, Industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast

The middle east programmable logic controller market is estimated to grow at a CAGR of about 5.1% over the forecast period 2020 to 2025. The deployment of PLC systems helps identify and rectify errors and can initiate rapid responses even without human intervention. Hence, these automated PLC systems are estimated to assist in reducing the machine downtime from 20% to almost 4%. Moreover, a significant rise in industrial automation and IT infrastructure in Israel paves the way for development in the PLC market. For instance, according to Start-Up Nation Central, the smart industry startups in Israel got funding of USD 650 million from investors in 2019, from USD 112 million in 2014.

– The growth of the oil and gas sector in the region is driving the PLC market. The Middle East accounts for one-third of global oil production, one-sixth of gas production, 48% of proved oil reserves, and 38% of proved gas reserves. According to BP PLC, in the middle east, oil production in 1000 barrels per day was 30,329. With such huge production, producers are now seeking a better solution to help them be more efficient and reduce costs, such as a programmable logic controller (PLC). These controllers are modular, scalable, and capable of handling a wide variety of communications and application support.

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Key Market Trends

Oil Segment Accounts for Significant Market Share in UAE

– The Middle East accounts for many energy reserves, and it is among the top crude oil producer in the world. For instance, the United Arab Emirates holds significant energy reserves, and it is the world’s seventh-largest crude oil producer and the fourth-largest producer of petroleum liquids in the OPEC. About 30 percent of the country’s GDP (gross domestic product) is directly based on oil and gas output. Thus, the presence of large-scale oil industries resulted in a sizeable market for PLC (Programmable Logic Controller).
– The oil refinery automation system intends for automation of crude oil atmospheric distillation processes to residual, diesel, and gasoline fractions, and their shipment to customers. The refinery automation system is realized using the set of programmable logic controllers (PLC) and distributed control architecture.
– A player such as Kgn oil & gas equipment is a premier manufacturer, integrator & supplier of quality engineered products & services in the automation plc based solution, which provides the PLC solution in the UAE region.
– Further, Vista Automation is the leading Industrial Automation Solutions provider offering services in the Middle East region and covering a wide range of applications and processes, including Oil & Gas. They offer PLC/SCADA based solutions as well as DCS based solutions for discrete, batch, and continuous processes.

Renewable Energy to Witness Significant Market Growth in Saudi Arabia

– The PLC market in Saudi Arabia has mostly benefited from the investment in energy and utilities by the government and private players, like GE, Eaton, ABB, and Emerson, due to which there was high penetration of automation in the industries.
– The trends towards the dual-axis solar tracking system have been implemented using a programmable logic controller (PLC). This proposed system keeps the solar panels aligned with the sun during the sunrise hours, to maximize solar power extracted from the sun. In this work, an open-loop control system has been designed and carried out using PLC, and direct current motors for solar cell sun tracking. With future investment in renewable energy, Saudi Arabia caters to high demand.

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– In January 2019, the government of Saudi Arabia unveiled an infrastructure plan to attract SAR 1.6 trillion in investments. The core focus of the event was on the Industrial Development and Logistics program.
– The country initiated USD 7 billion worth of renewable energy projects in 2018, with solar plants being the frontrunners. It is part of its plan that aims to install 9.5 gigawatts of solar and wind capacity by 2023. During the US tour, the Crown Prince of the country announced plans to generate 200 gigawatts of solar energy by 2030, the largest solar project ever conceived. It is expected to lead to USD 200 billion in solar investments. This caters to the demand for PLC in this segment.

Competitive Landscape

The middle east programmable logic controller market is fragmented and consists of several major players. In terms of market share, few of the major players currently dominate the market in the region. These major players, with a prominent share in the market, are focusing on expanding their customer base across the middle east regions. Key players are ABB Ltd, Mitsubishi Electric Corporation, etc. Recent developments in the market are –

1 INTRODUCTION
1.1 Study Assumptions and Market Definitionâ??
1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Impact of COVID-19 on the Market

5 MARKET DYNAMICS

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