Programable Logic Controller Market Size Report, Share, Growth and Forecast 2030
[Research Report] The programmable logic controller market size is expected to grow from US$ 11,52 billion in 2022 to US$ 22.12 billion by 2030; the market is estimated to grow at a CAGR of 8.5% from 2022 to 2030.
Analyst Perspective:
In recent years, the global industrial sector has experienced an increase in the adoption of industrial automation. Programmable logic controller (PLCs) are electronic devices programmed to perform tasks such as monitoring and control. PLC-based automation has various advantages over older industrial automation systems. Products in programmable logic controller market are more efficient but less expensive to maintain than previous technologies. Furthermore, they are more flexible and functional than earlier systems, making them well-suited to the ever-changing needs of the modern industrial sector. With the growing awareness of the benefits of products in programmable logic controller market, their adoption is likely to increase in the coming years. A product in programmable logic controller market is a computer designed to monitor and handle a wide variety of industrial processes, ranging from simple machines to sophisticated production lines. These controllers can be linked to sensor and controller networks, allowing them to function autonomously or in collaboration with other devices. Thus, products in programmable logic controller market are critical to the smooth and effective running of industrial automation systems.
Well-planned production and marketing processes are the prerequisites for manufacturers to set up an "intelligent factory," which makes the production process easier to control, eliminates manual interference with the production line, allows the gathering of correct production line data on time, and improves production scheduling and planning. A variety of digital and analog control devices available in the market include PLCs controlling the start and stop of a motor; the opening and closing of solenoid valves; the counting of products; and controlling and setting temperature, pressure, and flow, among others. Products in programmable logic controller market are now widely utilized in industries such as steel, petroleum, chemical, electric power, building materials, machinery production, automobile, textile, transportation, environmental protection, and culture and entertainment. For instance, in June 2023, Siemens announced the launch of a full virtual PLC. The Simatic S7-1500V increases the existing Simatic offering while also aiding in virtual PLC computing.
Programmable logic controller Market Overview:
The use of programmable logic controllers (PLCs) in industrial automation is likely to increase and transform as the industrial sectors are moving toward Industry 4.0 and the Industrial Internet of Things (IIoT). Products in the market have historically been employed as standalone devices. However, due to the growing trend of connectivity, these systems may now communicate with other devices and systems with the use of the Ethernet and other networking protocols. This enables real-time data sharing along with remote monitoring and control. The integration of PLCs with other industrial control systems is gaining popularity as businesses attempt to streamline processes and improve efficiencies.
The reach of industrial control and automation technologies is expanding beyond the manufacturing sector. For instance, in March 2021, ABB provided 5-gigatonne (GW) solar plant automation systems in India using programmable logic controllers. ABB's SCADA system, an automation control solution, aids in operations at solar project plants by allowing plant operators to monitor and analyze project data from a single location.
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Programmable logic controller Market: Strategic Insights
Programmable logic controller Market
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CAGR (2022 - 2030)
8.5%
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Market Size 2022
US$ 11,52 Billion
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Market Size 2030
US$ 22.12 Billion
Market Dynamics
GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players
- Siemens
- Rockwell Automation
- Mitsubishi Electric Corporation
- OMRON Corporation
- Schneider Electric
- ABB
- Eaton
- Honeywell International Inc
- Emerson Electric Co
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type
- Fixed
- Modular PLC
Offering
- Hardware Based PLC and Software Based PLC
End User
- Food and Beverages
- Automotive
- Energy and Power
- Oil and Gas
- Pharmaceutical
- Building Automation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Programmable logic controller Market: Strategic Insights
-
CAGR (2022 - 2030)8.5% -
Market Size 2022
US$ 11,52 Billion -
Market Size 2030
US$ 22.12 Billion
Market Dynamics
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
- XXXXXXX
Key Players
- Siemens
- Rockwell Automation
- Mitsubishi Electric Corporation
- OMRON Corporation
- Schneider Electric
- ABB
- Eaton
- Honeywell International Inc
- Emerson Electric Co
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Fixed
- Modular PLC
- Hardware Based PLC and Software Based PLC
- Food and Beverages
- Automotive
- Energy and Power
- Oil and Gas
- Pharmaceutical
- Building Automation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Programmable logic controller Market Driver:
Consolidating Role of PLCs in Industry 4.0 Drives Growth of Programmable logic controller Market
Technological advancements such as artificial intelligence, cloud computing, advanced sensors, and big data analytics continue to have a substantial impact on environments in industrial sectors. These breakthroughs in industrial technologies are known colloquially as Industry 4.0. PLCs play an important role as the primary control, input hub, and interface for human operators in the new industrial world. PLC technology is being enhanced further to provide greater connectivity with many input sensors via the Industrial Internet of Things (IIoT), which allows them to serve as a core processor in real-time manufacturing operations. As a result, PLCs can now capture massive amounts of data with ease and feed it to machine learning systems. Data from input sensors and other devices, for example, might be combined with PLC data to illustrate the "big picture" that arises from the "big data." Plant managers and data analysts can then employ analysis tools to track big data better, leverage resources, perform logistics, schedule jobs, and plan duties such as supplier timing to develop highly efficient manufacturing processes. Further, "big data" can be tracked and evaluated for optimal machine and equipment performance and preventative maintenance within industrial systems.
PLCs, along with other critical parts that enable machine interface and process automation, have played an essential role in the digitization of manufacturing in recent years. They are further likely to play a significant role as the primary control, input center, and human–machine interface (HMI) for workers amid the Industry 4.0 revolution. The future smart factories are expected to flourish on the combination of PLCs, automation, and robotics. Thus, the consolidating role of PLCs in Industry 4.0 bolsters the growth of the programmable logic controller market.
Programmable logic controller Market Segmental Analysis:
Based on the offering, the programmable logic controller market is segmented into hardware-based PLC and software-based PLC. PLCs are the backbone of control systems in industrial automation, allowing for efficient monitoring and control of processes. They are made up of hardware and software components working in tandem. In industrial settings, a software component is increasingly replacing an equivalent hardware component. Software-based programmable logic controllers (soft PLCs) are dependable, powerful, and adaptable. In September 2017, 3S-Smart Software Solutions, a developer of the manufacturer-independent Codesys IEC 61131-3 automation software, announced that its SoftPLC software is now available as a runtime environment for open Linux-based control systems such as Wago's PFC 100 and Siemens' Simatic IOT2000.
Programmable logic controller Market Regional Analysis:
North America, especially the US, dominates the industrial automation sector owing to technological advancements. The US is an industrial hub renowned in the world, with flourishing automotive, chemical, food & beverages, and oil & gas industries. These are a few of the major end users of programmable logic controller systems. The US is one of the world's major car marketplaces. Light vehicle sales in the country were estimated at 14.5 million units in 2020. In terms of car sales and production, it is the world's second-largest market. According to Autos Drive America, foreign manufacturers will produce 5 million vehicles in the US by 2020.
, the chemicals sector in the US processes raw materials into over 70,000 goods that are necessary for contemporary living, meeting the demands of over 750,000 end consumers across the country. Numerous chemical establishments in the country—spanning from petrochemical manufacturers to chemical wholesalers—utilize, manufacture, store, transport, or deliver chemicals throughout a complex global supply chain. Thus, the vast presence and operational reach of various industries create the demand for programmable logic controller systems in the US.
Programable Logic Controller Market Report Scope
Report Attribute
Details
Market size in 2022
US$ 11,52 Billion
Market Size by 2030
US$ 22.12 Billion
Global CAGR (2022 - 2030)
8.5%
Historical Data
2020-2022
Forecast period
2022-2030
Segments Covered
By Type - Fixed
- Modular PLC
By Offering - Hardware Based PLC and Software Based PLC
By End User - Food and Beverages
- Automotive
- Energy and Power
- Oil and Gas
- Pharmaceutical
- Building Automation
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
- Siemens
- Rockwell Automation
- Mitsubishi Electric Corporation
- OMRON Corporation
- Schneider Electric
- ABB
- Eaton
- Honeywell International Inc
- Emerson Electric Co
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
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Market size in 2022 | US$ 11,52 Billion |
Market Size by 2030 | US$ 22.12 Billion |
Global CAGR (2022 - 2030) | 8.5% |
Historical Data | 2020-2022 |
Forecast period | 2022-2030 |
Segments Covered |
By Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Programmable logic controller Market Key Player Analysis:
The programmable logic controller market analysis comprises the profiling of companies such as Siemens; Rockwell Automation; Mitsubishi Electric Corporation; OMRON Corporation; Schneider Electric; ABB; Eaton; Honeywell International Inc.; Emerson Electric Co.; and Hitachi, Ltd.
Recent Developments in Programmable logic controller Market:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the market. A few of the recent key developments are listed below.
- In April 2023, Siemens debuted a complete virtual PLC at Hannover Messe 2023. The Simatic S7-1500V increases the existing Simatic offering while meeting specific market demands, such as virtual PLC computing.
- In September 2019, Siemens announced the release of a module that will incorporate AI capabilities into the company's Simatic S7-1500 controller and ET 200MP I/O system. Siemens introduced the offering in the United States this year at PACK EXPO Las Vegas, laying the groundwork for a future portfolio that will enable AI across all levels of Siemens' Totally Integrated Automation (TIA) architecture, which is a combination of hardware and software that seamlessly links everything together.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Offering, End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The estimated global market size for the programmable logic controller market in 2022 is expected to be around US$ 11.51 billion
1. Increasing Role of PLCs in Industry 4.0
2. Increasing Demand for Automation and Control
Adoption of Soft PLCs
Siemens, Rockwell Automation, Mitsubishi Electric Corporation, OMRON Corporation, Schneider Electric, ABB, Eaton, Honeywell International Inc., Emerson Electric Co., Hitachi, Ltd. are the key market players expected to hold a major market share of programmable logic controller market in 2022
Asia Pacific is expected to register highest CAGR in the programmable logic controller market during the forecast period (2022-2030)
Fixed PLCs segment is expected to hold a major market share of programmable logic controller market in 2022
`United States, China, Germany, and Japan are expected to register high growth rate during the forecast period
The US is expected to hold a major market share of programmable logic controller market in 2022
The global market size of programmable logic controller market by 2030 will be around US$ 22.18 billion
The programmable logic controller market is expected to register an incremental growth value of US$ 10.66 billion during the forecast period
The List of Companies - Programmable logic controller Market
- Siemens
- Rockwell Automation
- Mitsubishi Electric Corporation
- OMRON Corporation
- Schneider Electric
- ABB
- Eaton
- Honeywell International Inc.
- Emerson Electric Co.
- Hitachi, Ltd.