Programmable Logic Controller (PLC) Market

Market Definition

The Programmable Logic Controller (PLC) Market size was valued at USD 12.52 billion in 2021 and is predicted to reach USD 22.17 billion by 2030 with a CAGR of 6.0% from 2022-2030.

PLC is a type of specialized microprocessor-based controller that continuously monitors the state of input devices and makes decisions based upon a custom program to control the state of output devices. It controls and improves its operation independently without any human supervision. It can store instructions, and execute functions like logics, counting, timing and sequencing to control machines and process. It consists of three major components such as processor, power supply, and the input/output section. Also, popular languages used in the PLC programming are sequential function chart, functional block diagrams, and ladder diagram among others.

Market Dynamics and Trends:

The demand for programmable logic controller is increasing due to its rising demand in renewable power generation sector. Also, factors such as technological advancements in manufacturing industry and growing need for customized and miniaturized PLCs, are expected to propel the growth of the market during the forecast period. Moreover, increased demand in the automotive industry due to rising requirement for advanced levels of automation in the production process will continue to drive the market growth to a significant extent.

However, difficulty related to component replacements, and increased complexity of industrial control software are expected to restrain the growth of market during the forecast period. On the other hand, growing customer demand for intelligent machines has prompted manufacturers of commercial products such as washing machines, to include these components in their products, which in turn creates lucrative growth opportunities for the programmable logic controller market players in future.

Market Segmentations and Scope of the Study:

The programmable logic controller market has been segmented based on type, end-use, and geography. Based on type, the market is bifurcated into integrated/compact plc, modular plc, and rackmount plc. Based on end user, the market is divided into automotive, chemical, paper & pulp, energy & power, oil & gas, pharmaceutical, food & beverages, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America region holds the lion share of programmable logic controller market and is expected to continue dominating the market during the forecast period. This is attributed to the rising investments in the oil & gas, mining, food and beverages, as well as paper and pulp industries.

However, Asia Pacific is expected to show a steady rise in the programmable logic controller market due to the increasing focus of industries towards automation in this region. Also, expanding electronics manufacturing, particularly in China will foster Asia-Pacific PLC market size over the forecast period. Moreover, Japan is witnessing rise in the adoption of programmable logic controller due to various government initiatives such as Japan society 5.0, in order to boost the adoption of industry 4.0, which in turn is generating demand for electronics components in this region.

Competitive Landscape:

The market comprises of various players such as are Siemens, Hitachi Ltd, Rockwell Automation, OMRON, Panasonic, Honeywell, Mitsubishi Electric, Delta Electronics, Electronics and Yokogawa, ABB, and Beckhoff Automation. These manufacturers are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their product and increase their growth and geographical reach.

For instance, in January 2020, Hitachi Ltd, acquired a robotic system integrated provider JR automation. The main aim of this acquisition was to provide seamless integration process to its customers. In July 2021, Siemens’ Simatic PCS 7 PLC system was selected by GEO Specialty Chemicals in order to propel the production capabilities at its new facility in Hythe, U.K.

 

KEY BENEFITS:

• The programmable logic controller market report provides the quantitative analysis of the current market and estimations through 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.

• The study comprises a deep dive analysis of the programmable logic controller market trend including the current and future trends for depicting the prevalent investment pockets in the market.

• The information related to key drivers, restraints and opportunities and their impact on the programmable logic controller market is provided in the report.

• The competitive analysis of the market players along with their market share in the programmable logic controller market

• The SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of the stakeholders’ roles.

KEY MARKET SEGMENTS:

By Product Type

• Integrated/Compact PLC

• Modular PLC

• Rackmount PLC

By End User

• Automotive

• Chemical

• Paper & Pulp

• Energy & Power

• Oil & Gas

• Pharmaceutical

• Food & Beverages

• Others

By Geography

• North America

  • U.S

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Netherlands

  • Rest of Europe

• Asia-Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Taiwan

  • Vietnam

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

KEY PLAYERS

• Siemens
• Rockwell Automation
• OMRON
• Panasonic
• Hitachi Ltd
• Honeywell
• Mitsubishi Electric
• Delta Electronics
• Electronics and Yokogawa
• ABB
• Beckhoff Automation

 

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Analysis Period	2021–2030
Base Year Considered	2020
Forecast Period	2022–2030
Market Size Estimation	Billion (USD)
Market Segmentation	By Type (Integrated/Compact PLC, Modular PLC, and Rackmount PLC), by End User (Automotive, Chemical, Paper & Pulp, Energy & Power, Oil & Gas, Pharmaceutical, Food & Beverages, and Others)
Geographical Segmentation	North America (U.S., Canada, Mexico) Europe (UK, Germany, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia, Taiwan, Vietnam, Rest of Asia-Pacific), Rest of the World (Latin America, Middle east, Africa)
Companies Profiled	Siemens, Hitachi Ltd, Rockwell Automation, OMRON, Panasonic, Honeywell, Mitsubishi Electric, Delta Electronics, Electronics and Yokogawa, ABB, and Beckhoff Automation.