The European programmable logic controllers (PLC) market witnessed a heavy decline in growth in 2009, owing to the recession of 2008. However, it made a strong recovery in 2010 with all major market participants in Europe experiencing high growth.

The sovereign debt crisis afflicting the Eurozone will determine the future prospects of the European PLC market. In the meantime, however, the market is likely to grow steadily over the forecast period aided by the emergence of major Eastern European economies as manufacturing hubs for the rest of Europe. The EU PLC market will add over €1B in revenues, reaching €2.6B in 2017 from its 2010 €1.6B base.

The research firm Frost & Sullivan explains their enthusiasm:. “The global economic crisis and the sovereign debt crisis of Europe have created an atmosphere of uncertainty, with fewer projects expected in the next 2 years,” begins company representative Karthik Sundaram.

But the major trend defining the market will be increasing end user concerns over cyber security.

“Cyber security is expected to be the key parameter in safety regulations and standards that are about to be introduced in January 2012,” explains Sundaram.

On the competitive front, intense competition between tier-1 companies is causing dramatic improvements in the PLC market, leading to the emergence of new products with improved design and control capabilities that surpass traditional definitions.