Programmable Logic Controller (PLC) Market

Market Overview:

The global programmable logic controller (PLC) market size reached US$ 14.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.38% during 2023-2028.

A programmable logic controller (PLC) is an electronic device that monitors, controls, manages and automates industrial electromechanical processes. It consists of various components, including a central processing unit (CPU), power supply processor, and input/output (I/O) sections. It is widely used to automate processes in amusement rides, light fixtures, elevators, automatic doors, road traffic signals, and machinery control on factory assembly lines. PLC is an independent system that controls and improves its operations without human supervision. It aids in increasing reliability, flexibility, faster response time, and easy troubleshooting. As a result, it finds extensive applications across automotive, chemicals and petrochemical, paper and pulp, food and beverage (F&B), and oil and gas industries.

Programmable Logic Controller (PLC) Market Trends:

The increasing demand for industrial automation across the globe is creating a positive outlook for the market. PLC systems comprise an integral part of industrial process control and factory automation that offer advanced solutions, such as security monitoring, energy consumption management, and automatic production lines. Additionally, the widespread product adoption in harsh industrial environments, due to their extreme robustness and capability of withstanding extreme temperatures, humidity, vibration, and electrical noise, is favoring the market growth. Apart from this, the integration of machine-to-machine (M2M) communication, smart sensors, industrial cloud, and cybersecurity technologies with PLC devices to improve operational efficiency and enable seamless automation are providing an impetus to the market growth. In line with this, manufacturers are developing compact automation solutions with advanced features, cost-effectiveness, and interoperability to meet the increasing demand for improved control, secured connectivity, and enhanced performance, which is positively influencing the market growth. Other factors, including significant growth in the automotive industry, extensive research and development (R&D) activities, and the implementation of various government initiatives focusing on sustainable construction of smart cities, are supporting the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global programmable logic controller (PLC) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type and end use industry.

Breakup by Type:

• Hardware and Software
  • Large PLC
  • Nano PLC
  • Small PLC
  • Medium PLC
  • Others
• Services
   

Breakup by End Use Industry:

• Automotive
• Energy and Utilities
• Chemical and Petrochemical
• Oil and Gas
• Pulp and Paper
• Pharmaceutical
• Water and Wastewater Treatment
• Food, Tobacco and Beverage
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Delta Electronics Inc., Eaton Corporation plc, Emerson Electric Co., Fuji Electric Co. Ltd., Hitachi Ltd., Honeywell International Inc., Mitsubishi Electric Corporation, OMRON Corporation, Panasonic Holdings Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Toshiba Corporation.

Report Coverage: