Programmable Logic Controller Market
Programmable Logic Controller Market Forecasts to 2030 - Global Analysis By Type (Modular PLC, Compact, Rack Mounted and Other Types), Component (Hardware, Software and Services), Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $16.93 BN |
|
Projected Year Value (2030) |
US $26.43 BN |
|
CAGR (2024 - 2030) |
7.70% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
Middle East and Africa |
According to Stratistics MRC, the Global Programmable Logic Controller Market is accounted for $16.93 billion in 2024 and is expected to reach $26.43 billion by 2030 growing at a CAGR of 7.70% during the forecast period. A specialized computer used in industrial automation to control machinery and processes is called a programmable logic controller (PLC). It is made to function in demanding industrial settings and carry out logic-based tasks instantly. Ladder logic or other automation-specific programming languages are used to program PLCs. In order to automate processes, they first monitor sensor and switch inputs, process the data in accordance with a user-defined program, and then control outputs like motors, valves, and actuators. Moreover, PLCs are essential to sectors such as manufacturing, automotive, and energy because they improve various operations' dependability, efficiency, and safety.
According to the American Psychological Association, Psychology is the scientific study of the mind and behaviour, according to the APA.
Market Dynamics:
Driver:
Improvement in operational efficiency is required
The adoption of PLCs is primarily motivated by the desire for increased operational efficiency. Industries can increase productivity by optimizing their processes, decreasing downtime, and using PLCs. PLCs provide fast adjustments and fine-tuning to guarantee optimal performance by enabling real-time monitoring and control of machinery and equipment. Furthermore, modern industrial operations find PLCs to be an invaluable asset due to their emphasis on efficiency, which not only boosts competitiveness but also aids in cost savings and resource optimization.
Restraint:
Exorbitant initial expenses
A significant impediment to the growth of the Programmable Logic Controller (PLC) market is the substantial upfront expenses linked to the deployment of PLC systems. PLC hardware, software, installation, and customization can come with hefty upfront costs, especially for small and medium-sized businesses (SMEs) or companies with limited funding. Additionally, the total cost of ownership is further increased by the requirement for regular maintenance, updates, and training, which makes it difficult for some businesses to defend their investment in PLC technology.
Opportunity:
Growth of the industrial internet of things (IIoT) environment
The PLC market has a lot of opportunities due to the growth of the Industrial Internet of Things (IIoT). The increasing interconnectivity of machines, sensors, and devices in industrial ecosystems is driving up demand for PLCs with IIoT capabilities integrated into them. IIoT-enabled PLCs make it easier to integrate sensor networks, data gathering tools, and cloud platforms seamlessly. Moreover, by utilizing the potential of the Internet of Things, PLC manufacturers can provide deeper insights, increased visibility, and enhanced operational efficiency through their solutions, which will encourage the use of PLC technology in a variety of industrial applications.
Threat:
Market saturation and vigorous rivalry
The possibility of market saturation and fierce competition is one of the main dangers to the Programmable Logic Controller (PLC) industry. Many players, including well-established incumbents, up-and-coming startups, and foreign rivals, define the PLC market. Companies are fighting for market share, innovation leadership, and customer loyalty, which is creating an increasingly competitive environment. Additionally, because of this, manufacturers might experience pressure to lower prices, see a decline in profit margins, and have to keep spending money on R&D in order to set themselves apart from the competition.
Covid-19 Impact:
The COVID-19 pandemic has caused supply chain disruptions, project timeline delays, and demand fluctuations across multiple industries, thereby exerting a substantial influence on the Programmable Logic Controller (PLC) market. Manufacturing operations were stopped or scaled back as lockdowns and social distancing measures were put in place globally to stop the virus's spread, which resulted in lower capital and automation expenditures. Moreover, while the need for automation solutions to support critical services and remote operations surged in some industries, like pharmaceuticals, food and beverage, and e-commerce, other industries, like automotive, aerospace, and oil and gas, saw sharp declines.
The Industrial Equipment Control System segment is expected to be the largest during the forecast period
The Industrial Equipment Control Systems segment usually holds the largest share in the Programmable Logic Controller (PLC) market. PLCs are widely used in industrial automation to regulate a variety of equipment and processes, guaranteeing effective and optimal functioning. Applications for industrial equipment control systems are numerous and span many industries, including aerospace, automotive, and manufacturing. Additionally, PLCs make it possible to precisely control machinery and processes, which makes jobs like material handling, robotic control, and automation of production lines easier.
The Aerospace and Defense segment is expected to have the highest CAGR during the forecast period
The aerospace and defense segment is anticipated to have the highest CAGR in the programmable logic controller (PLC) market. The increasing use of automation technologies in aerospace and defense applications to improve productivity, safety, and accuracy is driving this growth. In order to operate different systems and procedures in aircraft, missiles, defense vehicles, and other defense equipment, PLCs are essential. Furthermore, PLCs are essential to enabling advanced automation solutions that increase mission success rates, lower operating costs, and improve overall capabilities in the aerospace and defense industry, which is continuously changing to meet complex demands.
Region with largest share:
Asia-Pacific usually holds the largest market share for PLCs, or programmable logic controllers. This dominance is a result of the region's robust manufacturing sector, especially in China, Japan, South Korea, and Taiwan, where PLCs are widely used in a variety of industries, including the production of consumer goods, automobiles, electronics, and semiconductors. Moreover, the Asia Pacific region's PLC market has grown significantly, partly due to government initiatives to promote automation, infrastructure development, and rapid industrialization.
Region with highest CAGR:
In the market for programmable logic controllers (PLCs), the Middle East and Africa (MEA) region is anticipated to have the highest CAGR. Rapid industrialization, the expansion of infrastructure and rising investments in industries like mining, manufacturing, and oil and gas are some of the factors propelling this growth. To increase productivity and efficiency, governments in the area are putting a lot of effort into the automation of their economies. Furthermore, factors supporting the growing PLC adoption in MEA nations are the expanding industrial sectors and rising energy demand.
Key players in the market
Some of the key players in Programmable Logic Controller market include Siemens AG, Hitachi Ltd, General Electric Company, Eaton Corporation plc, Omron Corporation, Emerson Electric Co., Honeywell International Inc., ABB Ltd., Toshiba Corporation, Schneider Electric SE, Bosch Rexroth AG, Mitsubishi Electric Corporation, Delta Electronics, Inc., Fuji Electric Co. Ltd., Yokogawa Electric Corporation, Robert Bosch GmbH, Panasonic Corporation and Rockwell Automation, Inc.
Key Developments:
In June 2024, Hitachi Ltd. and Microsoft Corp. announced a projected multibillion-dollar collaboration over the next three years that will accelerate social innovation with generative AI. Through this strategic alliance, Hitachi will propel growth of the Lumada business, with a planned revenue of 2.65 trillion yen (18.9 billion USD)*1 in FY2024, and will promote operational efficiency and productivity improvements for Hitachi Group’s 270,000 employees.
In February 2024, Power management company Eaton Aerospace and the Nanyang Technological University (NTU) in Singapore have signed a three-year research collaboration agreement to develop electric vertical-takeoff-and-landing (eVTOL) solutions. The agreement aims to integrate NTU’s academic research and innovation with Eaton’s industry capabilities.
In November 2023, German multinational technology conglomerate Siemens AG intends to enter into a share purchase agreement with Siemens Energy to acquire an 18% stake in Siemens Ltd. India from Siemens Energy, for a purchase price of 2.1 billion euro in cash. This would increase Siemens’ stake in the publicly listed Siemens Ltd. India from 51% to 69%, while Siemens Energy’s stake would decrease from 24% to 6%.
Types Covered:
• Modular PLC
• Compact
• Rack Mounted
• Other Types
Components Covered:
• Hardware
• Software
• Services
Applications Covered:
• Packaging and Labeling
• Material Handling
• Escalator and Elevator
• Process Control
• Industrial Equipment Control System
• Safety Monitoring and Control
• Energy Management
• Home and Building Automation
• Other Applications
End Users Covered:
• Aerospace and Defense
• Automotive
• Chemical
• Building and Construction
• Energy and Utilities
• Food and Beverage
• Healthcare
• Manufacturing
• Mining and Metal
• Oil and Gas
• Transportation
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Programmable Logic Controller Market, By Type
5.1 Introduction
5.2 Modular PLC
5.2.1 Small PLC
5.2.2 Medium PLC
5.2.3 Large PLC
5.3 Compact
5.3.1 Nano PLC
5.3.2 Micro PLC
5.4 Rack Mounted
5.5 Other Types
6 Global Programmable Logic Controller Market, By Component
6.1 Introduction
6.2 Hardware
6.2.1 Central Processing Unit (CPU)
6.2.2 Memory Modules
6.2.3 Input Modules
6.2.4 Output Modules
6.2.5 Communication Modules
6.2.6 Power Supply Unit
6.2.7 Human Machine Interface (HMI)
6.3 Software
6.4 Services
7 Global Programmable Logic Controller Market, By Application
7.1 Introduction
7.2 Packaging and Labeling
7.3 Material Handling
7.4 Escalator and Elevator
7.5 Process Control
7.6 Industrial Equipment Control System
7.7 Safety Monitoring and Control
7.8 Energy Management
7.9 Home and Building Automation
7.10 Other Applications
8 Global Programmable Logic Controller Market, By End User
8.1 Introduction
8.2 Aerospace and Defense
8.3 Automotive
8.4 Chemical
8.5 Building and Construction
8.6 Energy and Utilities
8.7 Food and Beverage
8.8 Healthcare
8.9 Manufacturing
8.10 Mining and Metal
8.11 Oil and Gas
8.12 Transportation
8.13 Other End Users
9 Global Programmable Logic Controller Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Siemens AG
11.2 Hitachi Ltd
11.3 General Electric Company
11.4 Eaton Corporation plc
11.5 Omron Corporation
11.6 Emerson Electric Co.
11.7 Honeywell International Inc.
11.8 ABB Ltd.
11.9 Toshiba Corporation
11.10 Schneider Electric SE
11.11 Bosch Rexroth AG
11.12 Mitsubishi Electric Corporation
11.13 Delta Electronics, Inc.
11.14 Fuji Electric Co. Ltd.
11.15 Yokogawa Electric Corporation
11.16 Robert Bosch GmbH
11.17 Panasonic Corporation
11.18 Rockwell Automation, Inc.
List of Tables
1 Global Programmable Logic Controller Market Outlook, By Region (2022-2030) ($MN)
2 Global Programmable Logic Controller Market Outlook, By Type (2022-2030) ($MN)
3 Global Programmable Logic Controller Market Outlook, By Modular PLC (2022-2030) ($MN)
4 Global Programmable Logic Controller Market Outlook, By Small PLC (2022-2030) ($MN)
5 Global Programmable Logic Controller Market Outlook, By Medium PLC (2022-2030) ($MN)
6 Global Programmable Logic Controller Market Outlook, By Large PLC (2022-2030) ($MN)
7 Global Programmable Logic Controller Market Outlook, By Compact (2022-2030) ($MN)
8 Global Programmable Logic Controller Market Outlook, By Nano PLC (2022-2030) ($MN)
9 Global Programmable Logic Controller Market Outlook, By Micro PLC (2022-2030) ($MN)
10 Global Programmable Logic Controller Market Outlook, By Rack Mounted (2022-2030) ($MN)
11 Global Programmable Logic Controller Market Outlook, By Other Types (2022-2030) ($MN)
12 Global Programmable Logic Controller Market Outlook, By Component (2022-2030) ($MN)
13 Global Programmable Logic Controller Market Outlook, By Hardware (2022-2030) ($MN)
14 Global Programmable Logic Controller Market Outlook, By Central Processing Unit (CPU) (2022-2030) ($MN)
15 Global Programmable Logic Controller Market Outlook, By Memory Modules (2022-2030) ($MN)
16 Global Programmable Logic Controller Market Outlook, By Input Modules (2022-2030) ($MN)
17 Global Programmable Logic Controller Market Outlook, By Output Modules (2022-2030) ($MN)
18 Global Programmable Logic Controller Market Outlook, By Communication Modules (2022-2030) ($MN)
19 Global Programmable Logic Controller Market Outlook, By Power Supply Unit (2022-2030) ($MN)
20 Global Programmable Logic Controller Market Outlook, By Human Machine Interface (HMI) (2022-2030) ($MN)
21 Global Programmable Logic Controller Market Outlook, By Software (2022-2030) ($MN)
22 Global Programmable Logic Controller Market Outlook, By Services (2022-2030) ($MN)
23 Global Programmable Logic Controller Market Outlook, By Application (2022-2030) ($MN)
24 Global Programmable Logic Controller Market Outlook, By Packaging and Labeling (2022-2030) ($MN)
25 Global Programmable Logic Controller Market Outlook, By Material Handling (2022-2030) ($MN)
26 Global Programmable Logic Controller Market Outlook, By Escalator and Elevator (2022-2030) ($MN)
27 Global Programmable Logic Controller Market Outlook, By Process Control (2022-2030) ($MN)
28 Global Programmable Logic Controller Market Outlook, By Industrial Equipment Control System (2022-2030) ($MN)
29 Global Programmable Logic Controller Market Outlook, By Safety Monitoring and Control (2022-2030) ($MN)
30 Global Programmable Logic Controller Market Outlook, By Energy Management (2022-2030) ($MN)
31 Global Programmable Logic Controller Market Outlook, By Home and Building Automation (2022-2030) ($MN)
32 Global Programmable Logic Controller Market Outlook, By Other Applications (2022-2030) ($MN)
33 Global Programmable Logic Controller Market Outlook, By End User (2022-2030) ($MN)
34 Global Programmable Logic Controller Market Outlook, By Aerospace and Defense (2022-2030) ($MN)
35 Global Programmable Logic Controller Market Outlook, By Automotive (2022-2030) ($MN)
36 Global Programmable Logic Controller Market Outlook, By Chemical (2022-2030) ($MN)
37 Global Programmable Logic Controller Market Outlook, By Building and Construction (2022-2030) ($MN)
38 Global Programmable Logic Controller Market Outlook, By Energy and Utilities (2022-2030) ($MN)
39 Global Programmable Logic Controller Market Outlook, By Food and Beverage (2022-2030) ($MN)
40 Global Programmable Logic Controller Market Outlook, By Healthcare (2022-2030) ($MN)
41 Global Programmable Logic Controller Market Outlook, By Manufacturing (2022-2030) ($MN)
42 Global Programmable Logic Controller Market Outlook, By Mining and Metal (2022-2030) ($MN)
43 Global Programmable Logic Controller Market Outlook, By Oil and Gas (2022-2030) ($MN)
44 Global Programmable Logic Controller Market Outlook, By Transportation (2022-2030) ($MN)
45 Global Programmable Logic Controller Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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