Programmable Logic Controller Market – Global Industry Analysis and Forecast (2024-2030)

The Programmable Logic Controller Market size was valued at USD 13.11 billion in 2023 and is expected to reach USD 18.45 billion by 2030, at a CAGR of 5% during a forecast period.

Definition:

A Programmable Logic Controller is a computer device, which is used for industrial application. It receives information from connected input devices, procedures the data, and initiations outputs based on the collected data parameters.
Programmable Logic Controller Market Overview:
An industrial automation in various industries like automotive, food and beverage, chemical and oil and gas are expected to drive the programmable logic controller market growth. The demand for programmable logic controller is increasing at a rapid rate because of their features like suppleness, scalability, and cost-effectiveness. The oil and gas industry are one of the key contributors to the growth of the programmable logic controller market because of its requirement for automation and control systems.

The programmable logic controller market has witnessed some notable trends and opportunities for the key players operating in the market. A notable trend in the programmable logic controller market is the adoption of wireless programmable logic controller systems. It helps to offer benefits over traditional wired systems like low installation costs, superior flexibility, and the capability to monitor and control systems remotely. The adoption of wireless programmable logic controller systems is expected to increase in end-user industries like oil and gas, power generation, and water and wastewater treatment. Another trend in the programmable logic controller market is the adoption of Industry 4.0 technologies like the Internet of Things (IoT), artificial intelligence (AI), and cloud computing. Innovative technologies are expected to improve the capabilities of programmable logic controller systems, and empowering them to provide advanced features like predictive maintenance, real-time data analysis in the industry applications and remote monitoring.To know about the Research Methodology :- Request Free Sample Report

Many key players are facing the threat of competition as a result of substantial investment in the semiconductor industry by the Chinese government and various state-owned or affiliated entities. Some of existed key players operating in the programmable logic controller market are expected to use aggressive pricing to obtain market share or take business of the key customers. Nowadays, technology has become a basic prerequisite to ensure the seamless operations in the logic controller industry. The demand for highly integrated platform solutions is generally driven by technological changes and expectation of the future requirements of electronics device manufacturers. Key players operating in the global programmable logic controller market have to face intense competition in the controller markets from a number of prominent key players like Rockwell Automation Inc., General Electric Company, Honeywell International Inc., Eaton Corporation PLC, Emerson Electric Co., Siemens AG, ABB Ltd., Schneider Electric SE and Bosch Rexroth AG.

Geographically, the Asia-Pacific region is expected to held the dominant position in the global programmable logic controller market in 2023 and is projected to continue its dominance during the forecast period. A large number of manufacturing companies, rapid industrialization and expansion of the end-user industries are some of the prominent factors, which are expected to drive the programmable logic controllers in the Asia Pacific region. High demand for automation in the manufacturing sector is also expected to drive the growth of the market in the Asia Pacific region. The programmable logic controller systems are assisting to identify and rectify errors quickly and initiate rapid responses without human intervention. It also helps to reduce machine downtime and improve manufacturing efficiency. Industries are adopting automated systems to achieve reliability and long-term profits. The global programmable logic controller market report has covered the size and forecast growth rate by region in detailed with country market data like North America (US, Canada and Mexico), Europe (UK, Italy, Germany, France, Spain, Austria, Russia, and rest of Europe), Asia Pacific (China, India, Japan, South Korea, Australia and rest of APAC), Middle East & Africa (South Africa, GCC and rest of middle east and Africa) and South America (Brazil, Argentina and rest of South America). The report includes the data about 32 countries by each segment size current and forecast data with CAGR (2023-2030).
Programmable Logic Controller Market Dynamics
Programmable Automation is expected to boost the demand for Programmable Logic Controller Market.

Programmable automation permits for reprogramming or reconfiguring automated equipment to handle different tasks or products. The flexibility is achieved by using programmable logic controllers. The programmable logic controller is the widely used controllers in the discrete manufacturing industries. It is widely used for subsidiary activities in process manufacturing. The trend toward Industrial IoT-capable programmable logic controller systems is changing the role of programmable logic controller in automation architectures. In the age of the Industrial Internet of Things, manufacturers are re-evaluating their control architectures and expected to create key opportunities for suppliers. As the need of automation increases significantly, the demand for programmable logic controller is increasing rapid rate. New trends in manufacturing systems have been using automation systems in the applications like material handling, machining, assembling, inspection and packaging.



Industrial Revolution 4.0 Is Expected to Offer Key Opportunities for Programmable Logic Controller Market.

The emergence of Industry 4.0 for process control is propelling demand for programmable logic controller because of their efficient process control and enhanced performance. The disruptive technologies have introduced at an unprecedented rate in the manufacturing sector, which are driving the industry 4.0 revolution. Most companies are using advanced technologies for near-term business operations rather than truly transformative opportunities. A growing number of digital industrial companies are looking forward by viewing their internally focused, efficiency-driven transformations as a stepping stone to future growth. Manufacturing industries are focusing their productivity-focused transformations as a set of training wheels when seeking new opportunity. The programmable logic controller is the backbone of automation. The programmable logic controller is piloting the world into an Industrial Revolution 4.0, which is offering immense potential for manufacturing and industrial production landscape through digital processes, communication and engineering.

Programmable Logic Controller Market Challenges Overview:

One of the key challenges in the programmable logic controller market is the threat of cyber-attacks. programmable logic controller systems are vulnerable to cyber-attacks, are expected to limit the integrity and confidentiality of the data, leading to system failures and downtime. An increase in the prevalence of cyber-attacks is expected to pose a substantial challenge to the growth of the programmable logic controller market. Another challenge in the programmable logic controller market is the high initial investment required for the deployment of programmable logic controller systems. The cost of installation, and maintaining programmable logic controller systems are high, especially for small and medium-sized enterprises that lead to limit the adoption of programmable logic controller systems. The programmable logic controller market is also witnessing a deficiency of skilled personnel who can design, install, and maintain PLC systems. The adoption of PLC systems is expected to limit, especially in industries that require complex applications and control systems. The shortage of skilled personnel is expected to pose a challenge to the growth of the programmable logic controller market during the forecast period. The increasing complexity of manufacturing processes is another challenge in the market. As manufacturing processes become more complex, the need for more sophisticated and specialized programmable logic controller systems increases, which is expected to lead to a higher cost of deployment and maintenance. The lack of standardization in programmable logic controller systems are expected to limit the adoption of programmable logic controller.
Programmable Logic Controller Market Segment Analysis
By End-User the programmable logic controller market is segmented into Automotive, Chemical & Petrochemical, Energy & Power, Food & Beverage, Oil & Gas, and Others. The automotive segment is expected to hold the largest share of the programmable logic controller market during the forecast period because of the high adoption of automation in the industry.

A programmable logic controller is used in various applications in the automotive sector such as assembly lines, painting, and welding. It is used to control the movement of materials and parts in the automotive product line. It offers several benefits like productivity, improved quality control, and reduced downtime.

Automotive manufacturers are expected to increase production rates and reduce the likelihood of errors. Technology development is expected to evolve with the potential for programmable logic controllers in automotive manufacturing. Artificial Intelligence (AI) and the Internet of Things (IoT) integration with programmable logic controllers is expected to drive the demand for programmable logic controllers for smart factories.
Programmable Logic Controller Market Regional Insight
The Asia-Pacific programmable logic controller market held the dominant position in global programmable logic controller market because of high demand for automation in various industries like automotive, food and beverage, and electronics and semiconductor. Key players are gradually stepped up their investment in innovations and marketing across the globe, thanks to continuous focus on cost management, higher efficiency of process and the adaption of structures, which are able to partially, mitigate the impact on earnings and the probability. Some of the prominent key players are focusing on the innovation activities and resources on the technology development of programmable logic controller and expanding partnership with other key players.

The Asia Pacific region is one of the regions for manufacturing and the region has d accountefor nearly 48.5 percent of the worldwide manufacturing output. Developing economies like China, India, Japan are focusing to ddvelope advanced manufacturing capabilities to grow Industry 4.0, which is expected to drive the demand for programmable logic controller in Asia Pacific region. The Chinese government is actively supporting industrial upgrading to move up the value chain through investment in new technologies and high-tech manufacturing. An increase industrial automation in various sectors are expected to drive the demand for programmable logic controller. Vietnam has grown into a major manufacturing hub within the Asia Pacific region, thanks to a host of factors like relatively stable political environment, an export-driven economy, low operating costs, an increase in free trade agreements. An expansion of manufactuing sector is expected to drive adoption of programmable logic controller.

The Indian government is working on policies, incentives, and infrastructure development to attract investment that is driving the growth of industrial automation manufacturing and adoption of programmable logic controller in India. The Gujarat government has employed several initiatives to promote industrial automation manufacturing. The government is providing incentives like capital subsidies, interest subsidies, and reimbursement of taxes to attract investment in automation technologies, which are expected to increase the adoption of programmable logic controller. The Indian government has been promoting initiatives like "Make in India" and "Industry 4.0" to encourage the adoption of advanced manufacturing technologies that is expected to increase the adoption in programmable logic controller.

Key Developments in Programmable Logic Controller Market:

In 2023, Siemens has announed to present a complete virtual programmable logic controller. The Simatic S7-1500V has expanded the existing Simatic portfolio and focusing to meet special market requirements like virtual hosting of PLC computing.

Programmable Logic Controller Market Research Methodology:

Electronics sector is the foundational sector of the digital and information age. The programmable logic controller market report presents the electronics industry’s vision for research needed to continue innovation in semiconductor to open the door for a host of applications and technologies. The research input sources involved the study of different business factors that affecting the industry like market environment, competitive landscape, historical data, present trends in the market, technological development and upcoming technologies and the technical progress in electronics industry, and dynamics factors as Drivers, restraints, challenges and opportunities.

Market Size Estimation and Data Validation of Projected Numerical:

Top-down and bottom-up approaches are used to validate the market size and to estimate the numbers by different segments. The programmable logic controller market estimations in the report are based on sale price of electronics products or solution service cost. The percentage splits, market shares, and breakdowns of the segments are derived on the basis of weightages assigned to each of the segments on their utilization rate and average sale price. The country wise splits of the overall market and its sub-segments are based on the percentage adoption or utilization of the given market size in the respective region or country. The market volume has been calculated by considering the factors like consumption of the electronics products by manufacturers. Sales, Consumer purchasing behavior analysis and average sailing prices of the particular products or service by each region with specific country-wide price considerations. Key Players operating in the programmable logic controller market are identified through secondary research and their market revenues have collected through respective source data like primary or secondary source (Annual reports or financial highlights from their website). Secondary research included the research of the annual and financial reports of the key manufacturers.

Secondary Research and Primary Research:

Secondary sources- Internet power is powerful source for secondary source data collection. We have collected the data through the press releases, annual reports of the key players operating in the market. We have also collected data some of the authentication sources, which are providing data about the market scenario, market numbers like Electronics products and business Associations in main five regions like North America, Europe, Asia Pacific, Middle East & Africa and South America. We have collecting data from Association of electronics design India, Singapore, Thailand, China. Consumer Electronics Association, American electronics association. The research study involved the usage of secondary sources like directories, databases federal reserve economic data; annual reports, respective countries/regions construction associations, investor presentations; and SEC filings of companies. In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information. The primary sources from the supply side include several stakeholders like key technology providers, manufacturers, system integrators, distribution channels, marketing & sales, and end users.
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Programmable Logic Controller Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
USD 13.11 Bn.


Forecast Period 2024 to 2030 CAGR:
5%
Market Size in 2030:
USD 18.45 Bn.


 Segments Covered:
by Type
Modular PLC
Compact PLC


by Technology
Traditional
Safety
Hybrid


by End-User
Automotive
Chemical & Petrochemical
Energy & Power
Food & Beverage
Oil & Gas
Others



Programmable Logic Controller Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Leading Programmable Logic Controller Key Players include:
In the programmable logic controller (PLC) market, leading companies include global automation and control technology firms. These players are focusing on expanding their product lines, integrating advanced features, and pursuing strategic mergers and acquisitions. Key strategies include enhancing connectivity and functionality in PLC systems to address evolving industrial automation needs and improve operational efficiency.

Asia-Pacific:

1. Advantech Co., Ltd. - Taipei, Taiwan
2. Delta Electronics Inc. - Taipei, Taiwan
3. FATEK Automation Corporation - Taichung, Taiwan
4. Fuji Electric Co., Ltd. - Tokyo, Japan
5. Hitachi, Ltd. - Tokyo, Japan
6. IDEC Corporation - Osaka, Japan
7. Keyence Corporation - Osaka, Japan
8. Mitsubishi Electric Corporation - Tokyo, Japan
9. Omron Corporation - Kyoto, Japan
10. Panasonic Corporation - Osaka, Japan
11. Toshiba - Tokyo, Japan
12. Yaskawa Electric Corporation - Kitakyushu, Japan

Europe:

1. ABB Ltd. - Zurich, Switzerland
2. B&R Industrial Automation GmbH - Eggelsberg, Austria
3. Beckhoff Automation GmbH & Co. KG - Verl, Germany
4. Bosch Rexroth AG - Lohr am Main, Germany
5. Danfoss A/S - Nordborg, Denmark
6. Eaton Corporation PLC - Dublin, Ireland
7. Schneider Electric - Rueil-Malmaison, France
8. Siemens AG - Munich, Germany
9. WAGO - Minden, Germany

North America:

1. Emerson Electric Co. - St. Louis, Missouri, USA
2. Honeywell International Inc. - Charlotte, North Carolina, USA
3. Rockwell Automation Inc. - Milwaukee, Wisconsin, USA

Frequently asked Questions:

1. What was the Global Programmable Logic Controller Market size in 2023?
Ans: The Global Programmable Logic Controller Market size was USD 13.11 billion in 2023.

2. What segments are covered in the Programmable Logic Controller Market report?
Ans. The segments covered in the Programmable Logic Controller Market report are Component, Type and Application.

3. Which regions is leading in the consumption of Programmable Logic Controller?
Ans: The Asia-Pacific held the dominant position in the Programmable Logic Controller market and is projected to continue its dominant position during the forecast period.

4. What Factors are shaping the future of the Programmable Logic Controller Market Growth?
Ans. Rise of Automation, Technological Advancements are some of the prominent factors behind the market growth.

5. What is the projected growth rate for Programmable Logic Controller Market during the forecast period?
Ans: The Programmable Logic Controller Market growth is expected to grow at a 5% rate of CAGR during the forecast period.