Programmable Logic Controller (PLC) Market
Programmable Logic Controller (PLC) Market Size, Share & Trends Analysis Report by Component (Hardware(Central processing unit (CPU), Memory modules, Input modules, Output modules, Communication modules, Power supply unit and Human Machine Interface (HMI) and others), Software and service), and by End-user (Food & Beverage, Automotive, Energy & Utilities, Pulp & Paper, Oil & Gas, Aerospace & Defence, Water & Wastewater Treatment, Pharmaceutical & Healthcare and Other (Chemical, Mining &Metal, Manufacturing and Transportation)) Forecast Period (2024-2031)
Programmable logic controller (PLC) market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). Programmable logic controller (PLC) is the major computing system that manages automated machines. The PLC system alerts the technician and helps in error detection. PLC systems are preferred over conventional ones, as they are compact in size. PLCs also have the advantage of being multi-functional and can be programmed to perform a variety of tasks depending on the application.
Market Dynamics
Growing demand in automation industry
The ongoing industry automation due to growing increasing adoption of industry 4.0 revolution is a key factor driving the global market. PLC systems can be used to automate a variety of systems, including packaging and conveyor systems. It is also expected that the increasing adoption of automation in the industrial sector will support the growth of the PLC market.
Emerging programmable logic controller (PLC) capabilities
Assembly lines, robotic equipment, and other industrial processes that require quick programming and operation has driven demand for global market. Error identification along with high-reliability management can all be managed with the PLCs. PLCs are still the greatest option for many industrial automation applications and are only getting bigger. Some of the emerging programmable logic controller capabilities are scalability, greater memory, smaller sizes, high-speed (gigabit) ethernet and built-in wireless. The growing adoption of PLC owing to its advanced capabilities is a key factor driving the global market growth.
Market Segmentation
Our in-depth analysis of the global programmable logic controller (PLC) market includes the following segments by component and end-user:
- Based on type, the market is sub-segmented into hardware (central processing unit (CPU), memory modules, input modules, output modules, communication modules, power supply unit and human machine interface (HMI) and others), software, and service.
- Based on product, the market is bifurcated into energy food & beverage, automotive, energy & utilities, pulp & paper, oil & gas, aerospace & defense, water & wastewater treatment, pharmaceutical & healthcare, and other.
Hardware is Projected to Emerge as the Largest Sub-Segment
Modular PLCs are widely used in industries such as chemical processing, oil and gas, and automotive, due to their increased flexibility and high scalability, modular PLCs are well suited for intricate and demanding industrial applications. There is also a rise in adoption of the Industry4.0 movement and the growing IoT adoption in manufacturing are anticipated to benefit the modular PLC market. Furthermore, the demand for compact PLCs is expected to grow due to their increasing adoption in industries like food and beverage, packaging and material handling.Compact PLCs are less expensive than modular PLCs and are intended for small to medium-sized applications.
Automotive to Hold a Considerable Market Share
PLCs are utilized to manage the increasing needs of the automobile sectorin different manufacturing stage. These were first used in the automobile industry as equipment to replace relays. PLCs enable firms to operate more efficiently and quickly. As automated processes lessen the likelihood of bottlenecks, the industry's operating costs and production time are decreased. Many automakers' manufacturing facilities have been implementing manufacturing improvements to incorporate new technology into the production stream in an effort to increase efficiency and productivity. To provide complete error-proofing and traceability, such as, ATS Applied Tech Systems Ltd designed a tracking and tracing system for airbags using InTrack, InTouch, and GE-Fanuc PLCs.
Regional Outlook
The global programmable logic controller (PLC) market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America).
North America Holds Major Market Share
- Increase in new trends of factory automation in new manufacturing companies is creating a demand for PLC in North America market.
- There is a significant rise in investments in the development of innovative and efficient PLCs in many organizations.
Global Programmable Logic Controller (PLC) Market Growth by Region 2024-2031
Asia-Pacific to Exhibit the highest CAGR
Automation is becoming more necessary in a variety of industries, including automotive, food and beverage, electronics, and semiconductors. The Asia-Pacific PLC market is anticipated to exhibit the highest CAGR during the forecast period. China, Japan, and India are the major contributors to the growth of this regional market. The recent growth of IIoT and the widespread acceptance of Industry 4.0 throughout the industries in the Chinese market is further aiding to the regional market growth. China has launched many industrial regulations to promote innovative manufacturing, which has resulted in the growth of programmable logic controller (PLC) market in Asia-Pacific region.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the global programmable logic controller (PLC) market includeABB Ltd., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Honeywell International Inc.,among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, December 2022, Emerson was chosen as Automation Partner for World’s Largest Hydrogen Refueling Station for Commercial Vehicles in collaboration with KOHYGEN. Emerson is providingcore technologiesincluding temperature transmitters, flowmeters, pressure transmitters, programmable logic controllers (PLC) and valves, to deliver the high level of performance which is necessary for developing a commercially viable hydrogen charging model to expand Korea’s domestic hydrogen market.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global programmable logic controller (PLC) market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. ABB Ltd.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Mitsubishi Electric Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Rockwell Automation Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Programmable Logic Controller (PLC) Market by Component
4.1.1. Hardware
4.1.1.1.1. Central processing unit (CPU)
4.1.1.1.2. Memory modules
4.1.1.1.3. Input modules
4.1.1.1.4. Output modules
4.1.1.1.5. Communication modules
4.1.1.1.6. Power supply unit
4.1.1.1.7. Human Machine Interface (HMI)
4.1.1.1.8. Others
4.1.2. Software
4.1.3. Service
4.2. Global Programmable Logic Controller (PLC) Market by End-user
4.2.1. Food and Beverage
4.2.2. Automotive
4.2.3. Energy and Utilities
4.2.4. Pulp and Paper
4.2.5. Oil and Gas
4.2.6. Aerospace & Defence
4.2.7. Water and Wastewater Treatment
4.2.8. Pharmaceutical and Healthcare
4.2.9. Other(Chemical, Mining & metal, Manufacturing and Transportation)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Beckhoff Automation GmbH & Co. KG
6.2. Delta Electronics Inc.
6.3. Eaton Corporation plc
6.4. Emerson Electric Co.
6.5. Fuji Electric Co. Ltd.
6.6. General Electric Company
6.7. Hitachi Ltd.
6.8. Honeywell International Inc.
6.9. IDEC Corp.
6.10. Keyence Corp.
6.11. Omron Corp.
6.12. Panasonic Corp.
6.13. Robert Bosch LLC.
6.14. Schneider Electric SE
6.15. Siemens AG
6.16. Toshiba International Corp.
6.17. Yokogawa Electric Corp.
1. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
2. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
3. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
4. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
5. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
6. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR FOOD AND BEVERAGE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
7. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
8. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR ENERGY AND UTILITIES MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
9. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR PULP AND PAPER MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
10. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR OIL AND GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
11. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR AEROSPACE & DEFENCE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
12. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR WATER AND WASTEWATER TREATMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
13. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR PHARMACEUTICAL AND HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
14. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
15. NORTH AMERICAN PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
16. NORTH AMERICAN PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
17. NORTH AMERICAN PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
18. EUROPEAN PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
19. EUROPEAN PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
20. EUROPEAN PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
21. ASIA-PACIFIC PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2023-2031 ($ MILLION)
22. ASIA-PACIFICPROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
23. ASIA-PACIFICPROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
24. REST OF THE WORLD PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY REGION, 2023-2031 ($ MILLION)
25. REST OF THE WORLD PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2023-2031 ($ MILLION)
26. REST OF THE WORLD PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET RESEARCH AND ANALYSIS BY END-USER, 2023-2031 ($ MILLION)
1. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SHAREBY COMPONENT, 2023 VS 2031 (%)
2. GLOBAL HARDWAREPROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SHARE BY REGION, 2023 VS 2031 (%)
3. GLOBAL SOFTWAREPROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SHARE BY REGION, 2023 VS 2031 (%)
4. GLOBAL SERVICEPROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SHARE BY REGION, 2023 VS 2031 (%)
5. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SHAREBY END-USER, 2023 VS 2031 (%)
6. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR FOOD AND BEVERAGE MARKET SHARE BY REGION, 2023 VS 2031 (%)
7. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR AUTOMOTIVE MARKET SHARE BY REGION, 2023 VS 2031 (%)
8. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR ENERGY AND UTILITIES MARKET SHARE BY REGION, 2023 VS 2031 (%)
9. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR PULP AND PAPER MARKET SHARE BY REGION, 2023 VS 2031 (%)
10. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR OIL AND GAS MARKET SHARE BY REGION, 2023 VS 2031 (%)
11. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR AEROSPACE & DEFENCE MARKET SHARE BY REGION, 2023 VS 2031 (%)
12. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR WATER AND WASTEWATER TREATMENT MARKET SHARE BY REGION, 2023 VS 2031 (%)
13. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR PHARMACEUTICAL AND HEALTHCAREMARKET SHARE BY REGION, 2023 VS 2031 (%)
14. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) FOR OTHERMARKET SHARE BY REGION, 2023 VS 2031 (%)
15. GLOBAL PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SHARE BY REGION, 2023 VS 2031 (%)
16. US PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
17. CANADA PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
18. UK PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
19. FRANCE PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
20. GERMANY PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
21. ITALY PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
22. SPAIN PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
23. REST OF EUROPE PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
24. INDIA PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
25. CHINA PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
26. JAPAN PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
27. SOUTH KOREA PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
28. REST OF ASIA-PACIFIC PROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
29. LATIN AMERICAPROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
30. MIDDLE EAST AND AFRICAPROGRAMMABLE LOGIC CONTROLLER (PLC) MARKET SIZE, 2023-2031 ($ MILLION)
