Programmable Logic Controller Market
Programmable Logic Controller Market Forecasts to 2028 - Global Analysis By Type (Integrated or Compact PLC, Nano PLC, Small PLC, Medium PLC, Large PLC, Rackmount PLC, Modular PLC and Other Types), Solution, End User and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $14.6 BN |
|
Projected Year Value (2028) |
US $22.8 BN |
|
CAGR (2022 - 2028) |
7.7% |
|
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 |
North America |
According to Stratistics MRC, the Global Programmable Logic Controller Market is accounted for $14.6 billion in 2022 and is expected to reach $22.8 billion by 2028 growing at a CAGR of 7.7% during the forecast period. Programmable logic controllers (PLCs) have greatly improved in terms of capability, usability, communications, and programming flexibility. To meet the demand for harsh industrial environments, these controllers are designed to be extremely robust, often capable of withstanding extreme temperatures, humidity, vibration, and electrical noise. Furthermore, several languages are used in PLC programming that are sequential function chart, ladder logic, and functional block diagrams.
According to the International Federation of Robotics (IFR), China's manufacturing robot density is now 9th in the world (246 units), up from 25th (49 units) five years ago. According to IFR, the operational stock of industrial robots is expected to reach 3,788 (in thousand units) by 2021, from 2,731 (in thousand units) in 2019.
Market Dynamics:
Driver:
Ease of use
Manufacturing operations, including assembly lines and robotic equipment, as well as any activity that requires high-reliability control, convenient programming, and process fault identification, are controlled by PLCs. Due to their extensive use and reliability, they offer consistent, precise, and adaptable control while being easy to use. Hence, these elements are fuelling market expansion.
Restraint:
Demand for customization of products
Industries have been shifting away from mass production and towards mass customisation as a result of modern consumers' need for customised items. Innovation has led to a dramatic increase in the complexity, personalization, and sophistication of products. Modern technology is revolutionising the way that parts are made for both industrial and automotive applications. Thus, these factors are restraining the growth of the market.
Opportunity:
High Usage of PLC
The programmable logic controller is useful in a variety of industries, including power, energy, automotive, oil & gas, and pharmaceuticals, due to its ability to work with high-voltage equipment. Furthermore, factors like the desire for compact automation solutions, the uptake of building and home automation systems, an increase in the market for IoT-connected home appliances, and the requirement for compact automation solutions will all contribute to the market's expansion.
Threat:
Risk of Security
The various vulnerabilities that plague programmable logic controllers have a significant impact on overall security. Thus, it is projected that the market will face a considerable challenge from the numerous security issues. A further significant barrier to the market's overall expansion is the higher expense associated with PLC expandability.
Covid-19 Impact
The demand for programmable logic controllers (PLC) from various industries has reduced as a result of the pandemic's effects on several industries, including oil and gas and automotive. The need for micro and nano programmable logic controllers (PLC) from industries including the pharmaceutical industry will, nonetheless, also support market growth throughout this period.
The Small PLC segment is expected to be the largest during the forecast period
The Small PLC segment is estimated to have a lucrative growth, due to usage of industrial robots. It is predicted that the increased usage of industrial robots for production automation would present profitable business opportunities. These tiny PLC units are frequently utilised in a variety of specialised applications, such as small machines with an emphasis on fundamental serial connections, and they are significantly less expensive than standard-sized PLCs. Hence, these are driving the growth of the segment.
The automotive segment is expected to have the highest CAGR during the forecast period
The automotive segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increasing automation in the manufacturing industries. Automobile manufacturers are focusing on a sharp increase in demand and are struggling to meet the demand as their operations are being hampered by longer turnaround times. The manufacturers are using automation in the production facilities to reduce turnaround times, which is driving the market growth.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the rapid growth of the industrial sector and increasing investment in automation solutions across various sectors. Process and discrete manufacturing automation have historically been built on these PLC systems. The market's rise was aided by the increasing adoption of Industry 4.0 across all industrial sectors.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the increasing demand for automation across the industries like automotive, food and beverages. The dominance is also maintained by smart manufacturing projects, which also make it easier for factory automation and intelligence to be widely adopted. The government is concentrating on the construction of smart cities, and over the projection period, there will be a considerable demand for industrial digital computers.
Key players in the market
Some of the key players profiled in the Programmable Logic Controller Market include ABB Ltd., Toshiba, Schneider Electric SE, Robert Bosch GmbH, Mitsubishi Electric Corporation, Eaton, Rockwell Automation, Inc., Koyo Electronics, Panasonic, Yokogawa, Fuji Electric, Keyence, Siemens AG, Omron Corporation, IDEC, Emerson Electric Co and Hitachi Ltd.
Key Developments:
In May 2022, Panasonic Industry presented one of its first motion controllers in its wide lineup: the GM1 includes features of motion operations with the functionality of a PLC like positioning, network modules, I/O modules, and a high-frequency counter in one compact controller.
In July 2021, a large programmable logic controller product was launched by Shanghai Besought Software Co Ltd in Shanghai, which is a key component in industrial control systems. The company stated that the release of the PLC product had made a breakthrough into the field
Types Covered:
• Integrated or Compact PLC
• Nano PLC
• Small PLC
• Medium PLC
• Large PLC
• Rackmount PLC
• Modular PLC
• Other Types
Solutions Covered:
• Power Supply
• Hardware
• Input/Output (I/O)
• Processor
• Service
• Software
• Training
• Maintenance
• Consulting
• Other Solutions
End Users Covered:
• Chemical and Petrochemical
• Food, Tobacco, and Beverage
• Pulp and Paper
• Automotive
• Water and Wastewater Treatment
• Energy and Utilities
• Pharmaceutical
• Oil and Gas
• 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 2020, 2021, 2022, 2025, and 2028
- 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
o 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 End User Analysis
3.7 Emerging Markets
3.8 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 Integrated or Compact PLC
5.3 Nano PLC
5.4 Small PLC
5.5 Medium PLC
5.6 Large PLC
5.7 Rackmount PLC
5.8 Modular PLC
5.9 Other Types
6 Global Programmable Logic Controller Market, By Solution
6.1 Introduction
6.2 Power Supply
6.3 Hardware
6.4 Input/Output (I/O)
6.5 Processor
6.6 Service
6.7 Software
6.8 Training
6.9 Maintenance
6.10 Consulting
6.11 Other Solutions
7 Global Programmable Logic Controller Market, By End User
7.1 Introduction
7.2 Chemical and Petrochemical
7.3 Food, Tobacco, and Beverage
7.4 Pulp and Paper
7.5 Automotive
7.6 Water and Wastewater Treatment
7.7 Energy and Utilities
7.8 Pharmaceutical
7.9 Oil and Gas
7.10 Other End Users
8 Global Programmable Logic Controller Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 ABB Ltd.
10.2 Toshiba
10.3 Schneider Electric SE
10.4 Robert Bosch GmbH
10.5 Mitsubishi Electric Corporation
10.6 Eaton
10.7 Rockwell Automation, Inc.
10.8 Koyo Electronics
10.9 Panasonic
10.10 Yokogawa
10.11 Fuji Electric
10.12 Keyence
10.13 Siemens AG
10.14 Omron Corporation
10.15 IDEC
10.16 Emerson Electric Co
10.17 Hitachi Ltd
List of Tables
1 Global Programmable Logic Controller Market Outlook, By Region (2020-2028) ($MN)
2 Global Programmable Logic Controller Market Outlook, By Type (2020-2028) ($MN)
3 Global Programmable Logic Controller Market Outlook, By Integrated or Compact PLC (2020-2028) ($MN)
4 Global Programmable Logic Controller Market Outlook, By Nano PLC (2020-2028) ($MN)
5 Global Programmable Logic Controller Market Outlook, By Small PLC (2020-2028) ($MN)
6 Global Programmable Logic Controller Market Outlook, By Medium PLC (2020-2028) ($MN)
7 Global Programmable Logic Controller Market Outlook, By Large PLC (2020-2028) ($MN)
8 Global Programmable Logic Controller Market Outlook, By Rackmount PLC (2020-2028) ($MN)
9 Global Programmable Logic Controller Market Outlook, By Modular PLC (2020-2028) ($MN)
10 Global Programmable Logic Controller Market Outlook, By Other Types (2020-2028) ($MN)
11 Global Programmable Logic Controller Market Outlook, By Solution (2020-2028) ($MN)
12 Global Programmable Logic Controller Market Outlook, By Power Supply (2020-2028) ($MN)
10 Global Programmable Logic Controller Market Outlook, By Hardware (2020-2028) ($MN)
14 Global Programmable Logic Controller Market Outlook, By Input/Output (I/O) (2020-2028) ($MN)
15 Global Programmable Logic Controller Market Outlook, By Processor (2020-2028) ($MN)
16 Global Programmable Logic Controller Market Outlook, By Service (2020-2028) ($MN)
17 Global Programmable Logic Controller Market Outlook, By Software (2020-2028) ($MN)
18 Global Programmable Logic Controller Market Outlook, By Training (2020-2028) ($MN)
19 Global Programmable Logic Controller Market Outlook, By Maintenance (2020-2028) ($MN)
20 Global Programmable Logic Controller Market Outlook, By Consulting (2020-2028) ($MN)
21 Global Programmable Logic Controller Market Outlook, By Other Solutions (2020-2028) ($MN)
22 Global Programmable Logic Controller Market Outlook, By End User (2020-2028) ($MN)
23 Global Programmable Logic Controller Market Outlook, By Chemical and Petrochemical (2020-2028) ($MN)
24 Global Programmable Logic Controller Market Outlook, By Food, Tobacco, and Beverage (2020-2028) ($MN)
25 Global Programmable Logic Controller Market Outlook, By Pulp and Paper (2020-2028) ($MN)
26 Global Programmable Logic Controller Market Outlook, By Automotive (2020-2028) ($MN)
27 Global Programmable Logic Controller Market Outlook, By Water and Wastewater Treatment (2020-2028) ($MN)
28 Global Programmable Logic Controller Market Outlook, By Energy and Utilities (2020-2028) ($MN)
29 Global Programmable Logic Controller Market Outlook, By Pharmaceutical (2020-2028) ($MN)
30 Global Programmable Logic Controller Market Outlook, By Oil and Gas (2020-2028) ($MN)
31 Global Programmable Logic Controller Market Outlook, By Other End Users (2020-2028) ($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
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We provide a free 15% customization on every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
Note: This customization is absolutely free until it falls under the 15% bracket. If your requirement exceeds this a feasibility check will be performed. Post that, a quote will be provided along with the timelines.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
