PLC Market Size, Share, Growth, and Industry Analysis, By Type (Unitary, Modular, and Rack mount), By Downstream Industry (Steel Industry, Power Industry, Petrochemical and Natural Gas Industries, Automobile Industry, and Others) and Regional Forecast to 2032

Updated On: 02 September 2024

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PLC MARKET REPORT OVERVIEW

The global PLC Market size was USD 306.09 billion in 2023 and the market is projected to touch USD 410.88 billion by 2032, exhibiting a CAGR of 2.99% during the forecast period.

Programmable Logic Controller s are unique types of digital controllers used in industries to control machinery and its operations. How it works involves acquiring inputs from sensors, switches, and other related devices, decision-making through an input logic provided by the user, and controlling motors, valves, and pumps among others through instructions given to them by the user. The manufacturing sector, automobile industry, and food processing industries apply the use of programmable logic controller s since process control processes are critical within the industries. Round-the-clock work is possible, together with reliability and the capacity to perform intricate operations; their suitability as elements of contemporary industrial automation is evident.

The market is powerful and extensive, pushed through the growing demand for automation in production, automotive, energy, and other industries. Technological traits in microprocessors, communication protocols including Ethernet/IP and Profinet, and integration with Industrial Internet of Things (IIoT) structures are all key drivers of the industry. Demand is also being boosted by using attempts to grow productivity, lower operational fees, and enhance product quality through effective automation answers. Siemens, Rockwell Automation, Schneider Electric, and Mitsubishi Electric are predominant gamers in the marketplace, all of which contribute to the continuing innovation and growth of programmable logic controller applications around the world.

COVID-19 Impact: The Pandemic Decreased the Market Growth Due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market growth and demand returning to pre-pandemic levels.

The COVID-19 epidemic had a sizable negative influence on the Programmable Logic Controller market. Supply chain disruptions hampered the availability of critical additives and materials used in programmable logic controller production, resulting in manufacturing delays and better expenses. Due to economic uncertainty and a decrease call for, many industries, including automotive and production, have curtailed their capital costs, including automation structures such as PLCs. Furthermore, tour restrictions and lockdowns slowed project installations and renovation activities, delaying the deployment and replacement of programmable logic controller structures. Overall, the pandemic posed a project to the marketplace, decreasing growth and popularity across a whole lot of sectors around the arena.

LATEST TRENDS

"Increasing Automation Across Industries Leads to Market Growth"

PLC (Programmable Logic Controller), is rapidly growing due to the increasing amount of industries that integrate automation into their processes, such as manufacturing, automotive, and energy industries. Some of these innovations are cloud-based controllers to monitor machines and analyze information that is collected via networks, connections with IoT to enhance interface and real-time information, and better programming for rapid configuration and updates on the alternatives. Moreover, there is a clear tendency towards the miniaturization and energy efficiency of such controllers, which corresponds to the general movement of the industry in the search for rational and energy-saving automation systems. All these trends depict a market with increased technological activity and that values change and constant advancements in Industrial Automation systems.

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MARKET SEGMENTATION

By Type

Based on type the global market can be categorized into Unitary, Modular, and Rack mount.

• Unitary: Typically utilized in small-scale automation applications, unitary PLCs are compact programmable logic controllers built as a single integrated unit.
• Modular: A programmable logic controller with scalability and flexibility that consists of independent modules that can be coupled to create a bespoke automation system.
• Rackmount: These programmable logic controllers are intended to be installed on standard equipment racks and are frequently seen in industrial settings where integration with other rack-mounted equipment and space efficiency are crucial considerations.

By Downstream Industry

Based on downstream industry the market is classified into as Steel Industry, Power Industry, Petrochemical and Natural Gas Industries, Automobile Industry, and Others.

• Steel Industry: In steel manufacturing facilities, it is utilized to automate and regulate processes including rolling, casting, and smelting.
• Power Industry: These are essential for controlling operations in power plants and substations as well as for the generation and distribution of power.
• Petrochemical and Natural Gas Industries: These ensure safe and effective operations by controlling processes such as the distribution of natural gas, petrochemical manufacture, and refining.
• Automobile Industry: These are essential to the automation of assembly lines, quality assurance, and monitoring in the car industry.

DRIVING FACTORS

"Technological Advancements Accelerate Market Growth"

Technological developments are important as PLCs expand to consist of an increasing number of sophisticated features such as IoT connectivity, cloud integration, and superior information analytics skills. These trends permit PLCs to provide improved overall performance, dependability, and flexibility, pleasurable the evolving needs of contemporary industrial processes. Furthermore, as groups aim to optimize operations and decrease downtime, using cutting-edge PLCs turns into an increasing number of critical, fueling PLC market growth.

"Increasing Industrial Automation Accelerates Market Growth"

Industrial automation tendencies have a huge effect on the PLC enterprise. With an increased emphasis on performance, productiveness, and price effectiveness in numerous industries, PLCs are crucial for automating complex production tactics. The requirement for seamless integration with diverse automation structures, robots, and clever manufacturing efforts fuels the PLC marketplace. As businesses around the world include automation to remain competitive, the call for PLCs is likely to upward push, boosting worldwide marketplace enlargement.

RESTRAINING FACTORS

Challenges Associated with Technological Integration Slow Down the Market Growth

The biggest barrier to growth in the Programmable Logic Controller market is the difficulty in integrating and supporting technologies for legacy systems PLCs are needed for industrial automation, but their adoption and expansion face challenges due to the need to integrate well with existing equipment and control systems And it is possible, requiring careful planning and, in many cases, specialized solutions to ensure compatibility and efficiency at the entire automation process.

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PLC MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific to Dominate the Market due to Usage of Advanced Technologies"

The Asia-Pacific area, specifically China, dominates the PLC market share. This dominance is fueled by way of developing industrialization, an enormous boom in production hobbies, and the massive adoption of automation technology throughout industries. China, mainly, has skilled enormous increase due to its massive manufacturing base and government measures supporting commercial automation to grow productiveness and efficiency. Other contributing motives encompass the lifestyles of big PLC manufacturers within the vicinity, strong infrastructure improvement, and elevated funding for clever manufacturing solutions.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The PLC (Programmable Logic Controller) industry is dominated with the aid of some distinguished players who've established themselves through innovation and a robust international presence. These firms are famous for their substantial product portfolios, which encompass a huge range of PLC types designed for diverse industrial packages. They are famous for their robust and dependable programmable logic controller structures that allow automation and control operations in numerous industries, such as manufacturing, strength, car, and pharmaceuticals. Furthermore, those foremost gamers invest significantly in research and improvement to include rising technology which includes IoT, AI, and gadget studying into their programmable logic controller solutions, enhancing functionality and compatibility.

List of Market Players Profiled

• Omron (Japan)
• Beckhoff (Germany)
• Hitachi IJapan)
• Bosch Rexroth(Germany)
• Panasonic IJapan)
• Toshiba IJapan)
• Siemens(Germany)
• ABB (Switzerland)
• Schneider Electric (France)
• GE (U.S.)
• IDEC (Japan)
• Honeywell International (U.S.)
• Yokogawa Electric. (Japan)
• Koyo Electronics(Japan)
• Rockwell Automation (U.S.)
• Mitsubishi Electric(Japan)
• KEYENCE (Japan)

INDUSTRIAL DEVELOPMENT

May 2024: Universal Robots (UR), a supplier of collaborative robots (cobots), has recently included the Standard Robot Command Interface (SRCI) in its software. The SRCI is a new standard for robotics manufacturers that seeks to establish a unified interface between PLCs and robots.   

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence the market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.