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

The Global Programmable Logic Controller Market size was worth US$ 13.11 Billion in 2023 and is expected to grow at a CAGR of 5% to an estimated revenue of US$ 18.45 Billion by 2030

A Programmable Logic Controller (PLC) is a specialized computerized device used to control and automate industrial processes and machinery. It is a digital computer that is designed to withstand harsh industrial environments and perform real-time control functions. PLCs are widely used in industries such as manufacturing, oil and gas, automotive, food and beverage and many others. The global Programmable Logic Controller Market (PLC Market) is expected to experience significant growth in the forecasted years. The growth of the market is driven by the increasing adoption of automation in various industries, such as automotive, food and beverage, and oil and gas. The demand for PLCs is also increasing due to their flexibility, scalability, and cost-effectiveness. The oil and gas industry is expected to be a major contributor to the growth of the PLC market, due to the increasing need for automation and control systems in the industry.

Geographically, the Asia-Pacific region is expected to dominate the global PLC market during the forecast period, due to the presence of a large number of manufacturing companies in the region. The increasing demand for automation in the manufacturing sector is also expected to drive the growth of the market in the region. PLC systems can identify and rectify errors quickly and initiate rapid responses without human intervention, reducing machine downtime and increasing manufacturing efficiency. Industries are adopting automated systems to achieve reliability and long-term profits, with PLCs being used to control manufacturing processes, assembly lines, and robotic devices. The COVID-19 pandemic has also impacted the market's growth due to country-wide lockdowns and disruptions to supply chains and manufacturing operations. The increasing demand for personalized products has led to the adoption of more flexible systems, such as PC-based and cloud-based controllers, rather than PLCs. Then again, PLCs remain a popular choice due to their scalability, ease of programming and high-reliability control.To know about the Research Methodology :- Request Free Sample Report
Programmable Logic Controller Market Dynamics
Programmable Logic Controller Market Drivers

The Programmable Logic Controller Market (PLC Market) is driven by several factors, including the need for automation in various industries. Automated systems decrease human intervention, increase the efficiency of the process, and optimize the utilization of resources. PLC systems are widely used in industries to control manufacturing processes, assembly lines, and robotic devices, among others. PLC systems can identify and rectify errors quickly and initiate rapid responses without human intervention, reducing machine downtime and increasing manufacturing efficiency. Another driver of the PLC market is the increasing demand for mass customization in industries. The need for personalized products has made manufacturing processes more sophisticated and complex, with frequent adjustments required. This demand for customization has driven end-users to adopt and invest in more flexible systems, such as PC-based and cloud-based controllers, rather than PLCs. They remain a popular choice due to their scalability, ease of programming, and high-reliability control.

The COVID-19 pandemic has also impacted the growth of the PLC market. Country-wide lockdowns inflicted by governments worldwide had resulted in industries taking a hit and disrupting the supply chain and manufacturing operations worldwide. However, the pandemic has also led to the adoption of other technologies, such as machine vision, collaborative robots, and artificial intelligence for autonomous cars, which is expected to drive growth in the automotive sector post-pandemic. In addition, the increasing demand for energy efficiency and the need to reduce energy costs is driving the adoption of PLCs in various industries. PLC systems can optimize the use of energy resources and reduce energy consumption, thereby increasing efficiency and reducing costs.

The evolution of PLC technology is another factor driving the growth of the market. PLCs are becoming more advanced, with features such as greater memory, smaller sizes, very high-speed (gigabit) Ethernet, and built-in wireless capabilities. These advancements are making PLC systems more efficient and effective in controlling manufacturing processes, thereby driving their adoption in various industries. Also, the increasing demand for safety in industrial processes is driving the adoption of PLCs. PLCs are widely used in safety-critical applications, such as emergency shutdown systems and fire protection systems. PLCs can quickly and accurately detect and respond to safety hazards, thereby reducing the risk of accidents and injuries in the workplace.

Programmable Logic Controller Market Trends & Opportunities

The Programmable Logic Controller Market (PLC Market) is witnessing several trends and opportunities that are expected to shape its growth in the coming years. One of the major trends in the market is the increasing adoption of Industry 4.0 technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and cloud computing. These technologies are expected to enhance the capabilities of PLC systems, enabling them to offer more advanced features such as predictive maintenance, remote monitoring, and real-time data analysis. Another trend in the market is the increasing adoption of wireless PLC systems. These systems offer several advantages over traditional wired systems, including lower installation costs, greater flexibility, and the ability to monitor and control systems remotely. The adoption of wireless PLC systems is expected to increase in industries such as oil and gas, power generation, and water and wastewater treatment.

The market is also witnessing the emergence of hybrid PLC systems, which combine the features of traditional PLCs with those of PC-based controllers. These hybrid systems offer greater flexibility and functionality, enabling end-users to develop more complex applications and control systems. The adoption of hybrid PLC systems is expected to increase in industries such as food and beverage, automotive, and pharmaceuticals. The increasing demand for cloud-based PLC systems is also expected to offer significant growth opportunities in the market. Cloud-based PLC systems offer several benefits, including remote access, real-time data analysis, and lower maintenance costs. The adoption of cloud-based PLC systems is expected to increase in industries such as logistics, transportation, and retail. The market is also witnessing the emergence of open-source PLC systems, which offer greater flexibility and customization options for end-users. Open-source PLC systems are expected to gain popularity in industries such as aerospace, defense, and robotics. The increase in the adoption of edge computing is also expected to offer growth opportunities in the PLC market. Edge computing involves the processing of data closer to the source, reducing latency and enabling faster decision-making. PLC systems with edge computing capabilities are expected to be adopted in industries such as manufacturing, energy, and utilities.

Programmable Logic Controller Market Challenges & Restraints

Despite the growth prospects, the Programmable Logic Controller Market (PLC Market) is not immune to challenges and restraints that can hinder its growth. One of the major challenges in the market is the increasing threat of cyber-attacks. PLC systems are vulnerable to cyber-attacks, which can compromise the integrity and confidentiality of the data, leading to system failures and downtime. The increase in the prevalence of cyber-attacks is expected to pose a significant challenge to the growth of the market. Another challenge in the market is the high initial investment required for the deployment of PLC systems. The cost of acquiring, installing, and maintaining PLC systems can be high, especially for small and medium-sized enterprises (SMEs). This can limit the adoption of PLC systems in certain industries and regions, thereby hindering the growth of the market.

The Programmable Logic Controller Market is also witnessing a shortage of skilled personnel who can design, install, and maintain PLC systems. This can limit the adoption of PLC systems, 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 market in the coming years. 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 PLC systems increases. This can lead to a higher cost of deployment and maintenance, thereby limiting the adoption of PLC systems in certain industries, thereby hindering the growth of the Programmable Logic Controller Market. The lack of standardization in PLC systems is also a restraint in the market. PLC systems are manufactured by several vendors, each with their own set of specifications and features. This can make it difficult for end-users to choose the right system for their applications, leading to sub-optimal performance and higher maintenance costs. Also, the COVID-19 pandemic has also had a significant impact on the growth of the PLC market. The pandemic has disrupted supply chains, leading to delays in the delivery of components and systems. The pandemic has also led to a decline in industrial production, leading to lower demand for PLC systems.
Programmable Logic Controller Market Segment Analysis
By Type: The Programmable Logic Controller Market Segmentation is done on the basis of types, which includes, Modular PLC, Compact PLC, Rackmount PLC and Large PLC. The modular PLC segment is expected to dominate the market in terms of revenue due to its high adoption rate in various end-user industries, such as automotive, oil and gas, and chemical processing. Modular PLCs are highly scalable and offer greater flexibility, making them suitable for complex and demanding industrial applications. Additionally, the modular PLC segment is expected to benefit from the trend of Industry 4.0 and the increasing adoption of IoT in manufacturing. On the other hand, the compact PLC segment is expected to witness significant growth during the forecast period. Compact PLCs are designed for small to medium-sized applications and are less expensive than modular PLCs. The demand for compact PLCs is expected to grow due to their increasing adoption in industries like food and beverage, packaging and material handling. According to the studies, the modular PLC segment held the largest Programmable Logic Controller Market share in 2023, while the compact PLC segment is expected to witness the highest CAGR during the forecast period.

By Technology: The Programmable Logic Controller Market Segmentation is done on the basis of technology, which includes, Traditional PLC, Safety PLC and Hybrid PLC. The traditional PLC segment is the most widely used type of PLC in various industries, such as automotive, manufacturing, and oil and gas. Safety PLCs, on the other hand, are specifically designed for applications requiring high levels of safety and are used in industries such as aerospace, nuclear power, and chemical processing. The hybrid PLC segment is a combination of traditional and safety PLCs, offering the advantages of both technologies. As per studies, the traditional PLC segment held the largest share of the PLC market in 2020 due to its wide range of applications. The safety PLC segment is expected to witness significant growth during the forecast period due to the increasing emphasis on workplace safety regulations and the need for higher levels of safety in various industries. The hybrid PLC segment is also expected to grow during the forecast period, driven by its increasing adoption in industries such as automotive and aerospace.

By End-User: The Programmable Logic Controller Market segmentation can be done on the basis of end-user, which includes, automotive, chemical and petrochemical, energy and power, food and beverage, oil and gas, and others. Among these, the automotive segment is expected to hold the largest share of the PLC market during the forecast period due to the increasing adoption of automation in the industry. The chemical and petrochemical segment is also expected to witness significant growth due to the increasing demand for safety and process automation in these industries. The energy and power segment is expected to witness moderate growth during the forecast period due to the increasing emphasis on energy efficiency and sustainability. The food and beverage segment is also expected to witness significant growth due to the increasing demand for automation in the food processing and packaging industry. The oil and gas segment is expected to witness moderate growth due to the increasing demand for safety and automation in the industry. The others segment includes industries such as aerospace, pharmaceuticals, and water and wastewater treatment, among others. Studies show that the automotive segment held the largest share of the PLC market in 2020, followed by the chemical and petrochemical segment.
Programmable Logic Controller Market: Regional Insights
Asia-Pacific: The Asia-Pacific Programmable Logic Controller Market is expected to witness the highest growth during the forecast period, owing to the increasing demand for automation in various industries, such as automotive, food and beverage, and electronics and semiconductor. China, Japan, and India are the key countries in the region. As per the studies, the Asia Pacific region held approximately 33.8% of the PLC market share in 2021.

North America: North America Programmable Logic Controller Market is expected to hold the largest share of the market during the forecast period, owing to the presence of major players in the region, such as Rockwell Automation, Honeywell International, and Schneider Electric. The United States is the key country in the region, accounting for the majority of the market share. As per the studies, North America held approximately 28.4% of the PLC market share in 2021.

Europe: European Programmable Logic Controller Market is expected to witness significant growth during the forecast period, owing to the increasing demand for automation and safety systems in various industries, such as automotive, oil and gas, and chemical and petrochemical. The key countries in the region include Germany, France, and the United Kingdom. Studies show, Europe held approximately 26.9% of the PLC market share in 2021.
South America: South American Programmable Logic Controller Market is expected to witness moderate growth during the forecast period, owing to the increasing adoption of automation in various industries, such as oil and gas and mining. Brazil and Argentina are the key countries in the region. As per the studies, South America held approximately 5.6% of the PLC market share in 2021.

Middle East & Africa: The Middle East and African Programmable Logic Controller Market is expected to witness moderate growth during the forecast period, owing to the increasing demand for automation and safety systems in the oil and gas industry. The key countries in the region include Saudi Arabia, UAE, and Qatar. Studies show that the Middle East and Africa held approximately 5.3% of the PLC market share in 2021.
Programmable Logic Controller Market Scope: Inquire before buying



Programmable Logic Controller Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


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


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


 Segments Covered:
by Type
1.Modular PLC
2.Compact PLC
3.Rackmount PLC
4.Large PLC


by Technology
1.Traditional
2.Safety
3.Hybrid


by End-User
1.Automotive
2.Chemical & Petrochemical
3.Energy & Power
4.Food & Beverage
5.Oil & Gas
6.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)
Programmable Logic Controller Market Key Players
North America
1. Rockwell Automation Inc.
2. General Electric Company
3. Honeywell International Inc.
4. Eaton Corporation PLC
5. Emerson Electric Co.

Europe
6. Siemens AG
7. ABB Ltd.
8. Schneider Electric SE
9. Bosch Rexroth AG
10. Beckhoff Automation GmbH & Co. KG
11. WAGO Kontakttechnik GmbH & Co. KG
12. Danfoss A/S
13. B&R Industrial Automation GmbH
14. IDEMIA France SAS

Asia Pacific
15. Mitsubishi Electric Corporation
16. Panasonic Corporation
17. Omron Corporation
18. Hitachi, Ltd.
19. Toshiba Corporation
20. Delta Electronics Inc.
21. Yokogawa Electric Corporation
22. Fuji Electric Co., Ltd.
23. IDEC Corporation
24. Advantech Co. Ltd.
25. Yaskawa Electric Corporation.

FAQs:

1. What are the growth drivers for the Programmable Logic Controller Market?
Ans. The growth drivers for the Programmable Logic Controller Market include the increasing adoption of Industry 4.0, the rise in demand for automation, and the need for efficient manufacturing processes.

2. What is the major restraint for the Programmable Logic Controller Market growth?
Ans. The major restraint for the Programmable Logic Controller Market growth is the increasing adoption of alternative control systems, such as cloud-based and PC-based controllers, particularly in industries that require frequent adjustments or customization of products.

3. Which region is expected to lead the global Programmable Logic Controller Market during the forecast period?
Ans. Asia-Pacific is expected to lead the global Programmable Logic Controller Market during the forecast period.

4. What is the projected market size & growth rate of the Programmable Logic Controller Market?
Ans. The Programmable Logic Controller Market size was valued at US$ 13.11 Billion in 2023 and the total revenue is expected to grow at a CAGR of 5% from 2024 to 2030, reaching nearly US$ 18.45 Billion.

5. What segments are covered in the Programmable Logic Controller Market report?
Ans. The segments covered in the Programmable Logic Controller Market report are by Type, Technology, End-User and Region.