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The global programmable logic controller (PLC) market size reached US$ 13.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.25 Billion by 2027, exhibiting a growth rate (CAGR) of 5.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
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.
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.
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 2022-2027. Our report has categorized the market based on type and end use industry.
Breakup by Type:
Breakup by End Use Industry:
Breakup by Region:
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.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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