USD 11.6 billion
Programmable Logic Controller (PLC) Market Size, Share, Growth Analysis, By Type(Integrated or compact PLC, Modular PLC, Small PLC, Medium sized PLC), By Solution(Hardware, Processor, Power supply, Input/Output (I/O)), By Industry vertical(Energy & Power, Automotive, Oil & Gas, Pharmaceutical), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG20I2211 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
103
|Figures:
76
Programmable Logic Controller (PLC) Market Insights
Programmable Logic Controller (PLC) Market size was valued at USD 12.69 Billion in 2023 and is poised to grow from USD 13.38 Billion in 2024 to USD 19.29 Billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).
A programmable logic controller (PLC) is an industrial computer control system that continuously monitors the state of input devices and makes decisions based on a custom program to control the state of output devices. PLCs have become an essential device for automating manufacturing processes. PLCs are used in a variety of industries, including the automobile, steel, energy, and chemical industries. In industrial control systems, a PLC is an electronic device that monitors, controls, and manages building systems, production processes, and power. To meet the demand for harsh industrial environments, programmable logic controllers are designed to be extremely robust, often capable of withstanding extreme vibration, humidity, temperature, and electrical noise. A programmable logic controller (PLC) is an industrial computer control system that continuously monitors the state of input devices and makes decisions based on a custom program to control the state of output devices. PLCs have become an essential device for automating manufacturing processes. PLCs are used in a variety of industries, including the automobile, steel, energy, and chemical industries. In industrial control systems, a PLC is an electronic device that monitors, controls, and manages building systems, production processes, and power. To meet the demand for harsh industrial environments, programmable logic controllers are designed to be extremely robust, often capable of withstanding extreme vibration, humidity, temperature, and electrical noise.
US Programmable Logic Controller Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Integrated or Compact PLC
Fastest Growth
Medium-Sized PLC
Growth Rate
5.4% CAGR
Global Programmable Logic Controller (PLC) Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Programmable Logic Controller (PLC) Market Segmental Analysis
Global programmable logic controller market is segmented based on type, solution, industrial vertical. Based on type, the Programmable Logic Controller Market is segment into integrated or compact PLC, modular PLC, small PLC, medium-sized PLC, and large PLC. Based on solution, the Programmable Logic Controller Market is segmented into hardware, processor, power supply, input/output (I/O), software, service, training, maintenance, consulting. Based on industry vertical, Programmable Logic Controller Market is segmented energy & power, automotive, oil & gas, pharmaceutical, food & beverages, pulp & paper. Based on region, Programmable Logic Controller Market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.
Programmable Logic Controller Market Analysis by Type:
The programmable logic controller market is dominated by small PLC segment due to rising trend of miniaturization of machinery. The demand for compact PLC is also expected to grow to a significant extent by 2028.
Global Programmable Logic Controller (PLC) Market Size By Type , 2021(%)
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Programmable Logic Controller (PLC) Market Regional Insights
Based on region, global programmable logic controller market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The Asia-Pacific region dominated the global programmable logic controller market, with revenue expected to rise at a 6% CAGR to USD 7 billion by 2028. The manufacturing sector is critical to China's economy. It is undergoing rapid transformation as a result of the recent expansion of IIoT as a result of global adoption of Industry 4.0 across industrial industries. This sea change has catapulted the country to the forefront of the global PLC market. As part of its advanced manufacturing push, China has recently announced a number of industrial policies. The guidelines help the country achieve its goal of becoming a high-tech superpower over the next quarter-century.
India's pharmaceutical industry is ahead of the curve in terms of automation, with major corporations such as Zydus Cadila, Torrent Pharma, and Cipla focusing on automating their medication production processes, particularly in areas requiring total integration of machines and equipment. The Europe region is expected to generate USD 5 billion in sales by 2028, accounting for the second-largest share of the global programmable logic controller market. Germany is a major global player in the production and consumption of renewable energy. The country's gross renewable energy generation in 2019 was 225.9 terawatt-hours, according to BDEW, with wind power accounting for the majority of that. PLCs are beneficial in wind turbines because they improve performance and reduce maintenance costs by allowing for more accurate sensor measurements.
Global Sleep Patches Market By Geography, 2021 - 2028
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- Fastest
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Programmable Logic Controller (PLC) Market Dynamics
Programmable Logic Controller Market Drivers
- Over the forecast period, the programmable logic controller market is expected to grow due to high demand for programmable logic controllers from various end-use industries. For example, OTEK Corporation launched its HI-TBS programmable logic controller (PLC) in July 2020, which combines ultra-bright LED technology with 0.1 percent accuracy to deliver a customizable digital panel meter for use in a wide range of industries.
Programmable Logic Controller Market Restraint
- The higher initial cost of modular PLCs in comparison to fixed PLCs is expected to be one of the factors impeding the growth of the global modular PLC market over the forecast period. Furthermore, a decrease in space efficiency, a high cost of diagnostic labour during failure, the need for enclosure due to low IP ratings, and more spare stock, all of which increase maintenance costs, are the other factors restraining the growth of the global modular PLC market during the forecast period.
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Programmable Logic Controller (PLC) Market Competitive Landscape
The global programmable logic controller market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective.
Top Players in the Global Programmable Logic Controller Market
- Siemens AG
- ABB Ltd.
- Mitsubishi Electric Corporation
- Schneider Electric SE
- Rockwell Automation Inc.
- Omron Corporation
- Honeywell International Inc.
- Emerson Electric Co.
- General Electric Company
- Bosch Rexroth AG
- Hitachi Ltd.
- Beckhoff Automation GmbH & Co. KG
- Panasonic Corporation
- Eaton Corporation plc
- IDEC Corporation
- Fuji Electric Co. Ltd.
- Toshiba Corporation
- Yokogawa Electric Corporation
- Keyence Corporation
- Delta Electronics, Inc.
Programmable Logic Controller Market Recent Developments
Casa Sauza, with the assistance of Festo, adopted Industry 4.0 methods in February 2022 to advance the automation of Tequila production in Mexico.
Electric Power Construction Corporation (SEPCO) awarded Honeywell a contract in February 2021 to supply connected control, telecommunications, safety, and security systems. Control Edge Programmable Logic Controller (PLC), Data Concentrator, Safety Manager SC, and Experion Process Knowledge System (PKS) Supervisory Control and Data Acquisition (SCADA) systems are among those included.
Programmable Logic Controller (PLC) Key Market Trends
- Introduction of novel products by key players is expected to aid in the growth of the programmable logic controller market. For example, at a function held in ECIL's Homi J Bhabha Auditorium in May 2022, Electronics Corporation of India Limited (ECIL) launched the indigenous state-of-the-art Programmable Logic Controller (PLC) & Supervisory Control and Data Acquisition (SCADA) software for process automation systems.
Programmable Logic Controller (PLC) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global programmable logic controller market analysis, market participants are implementing various strategies to strengthen their market position, which is expected to fuel the growth of the programmable logic controller market. Due to its sturdy construction and functional qualities such as sequential control, ease of programming, reliable controlling capabilities, and ease of hardware usage, PLC is used as more than a special-purpose digital computer in a variety of sectors and control-system domains.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 11.6 billion |
| Market size value in 2031 | USD 18.3 billion |
| Growth Rate | 5.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Programmable Logic Controller (PLC) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Programmable Logic Controller (PLC) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Programmable Logic Controller (PLC) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Programmable Logic Controller (PLC) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Programmable Logic Controller (PLC) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Programmable Logic Controller (PLC) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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