Analysis by ARC Advisory Group: The economic growth that had started in 2010 continued in 2011. While demand for automation remained strong for PLCs and PLC-based PACs during the first half of 2011, the pace of growth slowed as the year progressed, caused by the escalating sovereign debt crisis in a number of industrialized countries as well as specific concerns about some of the economies in southern Europe. Despite the looming financial crisis in Europe and instability in the Middle East, there are crucial factors that will continue to drive the use of automation, fueling PLC and PLC-based PAC market growth.
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