Programmable logic controllers (PLCs) are industrial digital computers used for automation of manufacturing processes, industrial operations, and other control systems. PLCs are modular devices equipped with input and output modules for receiving input signals and generating outputs. They are programmed using specialized programming software to control machines and processes via input and output modules.
The global programmable logic controller market is estimated to be valued at US$ 12.89 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased adoption of industrial internet of things (IIoT) solutions and technologies across various industrial sectors is a key trend driving the growth of the PLC market. The integration of PLC systems with IIoT technologies enables remote monitoring and controlling of industrial assets and equipment over cloud networks. This allows manufacturing companies to track equipment performance, optimize production processes, predict maintenance needs, and reduce downtime from remote locations. The connectivity of PLC systems to cloud networks for centralized IIoT solutions is augmenting their demand significantly.
Segment Analysis
The Programmable Logic Controller (PLC) market is segmented by PLC type, industry vertical, and region. The hardware segment held the largest share of the overall PLC market in 2022. The extensive use of PLC hardware components such as processor, power supply, and input/output modules across industries fueled the growth of this segment. The processing plants, especially food and beverage processing plants, leveraged PLC hardware for industrial process automation.
Key Takeaways
Global Programmable Logic Controller Market Demand is expected to witness high growth. Regional analysis shows that Asia Pacific region dominated the global market in 2022. Rapid industrialization and growing manufacturing sector in China, India, Japan, and other Southeast Asian countries have accelerated the adoption of PLC systems for automation in the region.
The Programmable Logic Controller (PLC) market in North America is projected to observe significant growth during the forecast period. Early adoption of advanced automation technologies and implementation of Industry 4.0 standards across process and discrete industries will drive the regional market. Countries such as the U.S. and Canada are investing heavily in improving manufacturing capabilities through industrial digitalization.
Key players operating in the Programmable Logic Controller (PLC) market are ABB Ltd, Toshiba International Corporation, Hitachi Ltd, Emerson Electric Company, Robert Bosch GmbH, Panasonic Corporation, Omron Corporation, Honeywell International Inc., Siemens AG, Rockwell Automation, and Schneider Electric SE. Large players are focusing on new product development and enhancing their existing PLC portfolio to strengthen market presence. For instance, in March 2022, Siemens introduced Simatic S7-1500 Brilliant PLC with self-optimizing production processes and improved energy efficiency.
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Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).The global Programmable Logic Controller (PLC) market was valued at 116.93 Million USD in 2020 and will grow with a CAGR of 1.05% from 2020 to 2027, based on Our Researcher newly published report.Download FREE Sample of this Report @ https://www.statsmarketresearch.com/download-free-sample/6546072/global-regional-programmable-logic-controller-2021-2027-556A programmable logic controller, PLC, is a digital computer used for automation of typically industrial electromechanical processes, such as control of machinery on factory assembly lines, amusement rides, or light fixtures.
PLCs are used in many machines, in many industries.
PLCs are designed for multiple arrangements of digital and analog inputs and outputs, extended temperature ranges, immunity to electrical noise, and resistance to vibration and impact.
A PLC is an example of a "hard" real-time system since output results must be produced in response to input conditions within a limited time, otherwise unintended operation will result.Europe was the largest consumption market with a market share of 40.66% in 2012 and 37.77% in 2017 with a decrease of 2.89%.
Asia-Pacific and North America ranked the second and third market with the market share of 27.03% and 24.06% in 2017.
With the multiple demand of the clients, the manufacturers are concerning more on their RBy Market Verdors:SiemensRockwell (A-B)MitsubishiSchneider (Modicon)OmronB IndustrialGE FanucABBBosch RexrothBeckhoffFujiToshibaKeyenceIdecPanasonicKoyoBy Types:NanoMicroMediumLargeBy Applications:Automobile IndustryPetrochemical and Natural Gas IndustriesPower IndustrySteel IndustryKey Indicators AnalysedMarket Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027.
