The programmable logic controller (PLC) market comprises devices and controllers that are designed to automate industrial processes and equipment. PLCs are used across various industries including automotive, oil & gas, packaging, and manufacturing for applications such as motion control, HMI, and PID control. They offer advantages such as flexibility, durability, and ease of programming as compared to hard-wired relays. The growing adoption of automation and need for effective process control in industries has propelled the demand for PLCs to streamline operations.
The global programmable logic controller market is estimated to be valued at US$ 14.85 Mn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the programmable logic controller market are HiMedia Laboratories, Thermo Fisher Scientific Inc., Sartorius AG, Merck KGaA, Corning Inc., Atlas Biologicals, Inc., TCS Biosciences Ltd., Bovogen Biologicals Pty Ltd., Novus Biologicals, LLC, Capricorn Scientific, PAN-Biotech GmbH, Atlanta Biologicals, Inc., Rockey Mountain Biologicals, GE Healthcare, Serana, and Zhejiang Tianhang Biotechnology. These players are focusing on new product launches and mergers & acquisitions to expand their product portfolio and global presence.
The growing demand for automation in end-use industries presents significant opportunities for market players to provide innovative PLC solutions. Furthermore, the need for mass customization and variation in product design necessitates flexible and reprogrammable control systems. Manufacturers are leveraging the benefits of distributed control systems, wireless technologies, big data analytics, and cloud computing to gain an edge.
Key players are expanding globally to tap the growing demand from developing nations in Southeast Asia, Latin America, and the Middle East & Africa. Strategic partnerships with regional distributors play a key role in strengthening market position. Government initiatives to boost manufacturing provide impetus for international players to set up production facilities offshore as well.
Market Drivers
Growing adoption of automation in the automotive industry: Automotive companies are widely installing automation systems for processes like welding, painting, and component assembly to gain efficiency and productivity. PLCs are crucial hardware components that enable automation.
Increased reliability and performance benefits of PLCs: As compared to electromechanical relays, PLC systems offer higher reliability due to better overload protection. They allow remote monitoring and have advanced communication capabilities. Their reprogrammability allows reuse of existing hardware.
Market Restrain
High initial installation and programming costs: The deployment of PLC systems involve high upfront costs related to hardware, controllers, programming software, installation services, and testing/certification. This hinders growth especially for small-scale users.
Segment Analysis
The Programmable Logic Controller Market Size is dominated by the Automotive sub-segment owing to the extensive use of PLC in automated processes in automotive manufacturing plants. PLCs help integrate machines with assembly lines and facilitate the execution of complex logical processes in automated automobile manufacturing. They control a variety of processes like welding, painting, quality inspection etc. and help achieve efficiency. The Food & Beverage sub-segment is another major segment due to the implementation of PLCs in processes like packaging, bottling, sorting etc. PLCs ensure quality, speed, and consistency in food processing.
Global Analysis
North America holds the largest share in the global Programmable Logic Controller market due to the presence of major automotive manufacturing hubs and developing infrastructure. The adoption of advanced automation technologies in the region's manufacturing sector drives the market. The Asia Pacific region is expected to grow at the fastest pace during the forecast period due to increasing industrialization and establishment of manufacturing plants in developing economies like China and India. Countries are focusing on enhancing productivity through automation which will accelerate PLC adoption. Expansion of end-use industries and rising automation expenditures contribute to market growth in the region.
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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.
UpMarketResearch offers a latest published report on “Global Programmable Logic Controller Market Industry Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Get FREE Exclusive PDF Sample Copy of This Report @ https://www.upmarketresearch.com/home/requested_sample/1704The scope of the report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Region-wise Analysis Global Programmable Logic Controller Market covers: • North America • Europe • China • Japan • Southeast Asia • India The Report covers in-depth analysis as follows: • Chapter 1 Programmable Logic Controller Market Overview • Chapter 2 Global Economic Impact on Programmable Logic Controller Industry • Chapter 3 Global Programmable Logic Controller Market Competition by Manufacturers • Chapter 4 Global Programmable Logic Controller Production, Revenue (Value) by Region (2013-2018) • Chapter 5 Global Programmable Logic Controller Supply (Production), Consumption, Export, Import by Regions (2013-2018) • Chapter 6 Global Programmable Logic Controller Production, Revenue (Value), Price Trend by Type • Chapter 7 Global Programmable Logic Controller Market Analysis by Application • Chapter 8 Global Programmable Logic Controller Manufacturers Analysis • Chapter 9 Programmable Logic Controller Manufacturing Cost Analysis • Chapter 10 Industrial Chain, Sourcing Strategy and Downstream Buyers • Chapter 11 Marketing Strategy Analysis, Distributors/Traders • Chapter 12 Market Effect Factors Analysis • Chapter 13 Global Programmable Logic Controller Market Forecast (2018-2023) Gain Full Access of Programmable Logic Controller market industry analysis & forecast 2018-2023 along with complete TOC @ https://www.upmarketresearch.com/reports/Global-Programmable-Logic-Controller-Industry-Market-Analysis-Forecast-2018-2023 “Programmable Logic Controller Market Industry Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.
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