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
Market Size Value in US$ 11,52 billion in 2022 Market Size Value by US$ 22.12 billion by 2030 Growth rate CAGR of 8.5% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Programmable logic controller Market: Strategic Insights
Market Size Value in | US$ 11,52 billion in 2022 |
Market Size Value by | US$ 22.12 billion by 2030 |
Growth rate | CAGR of 8.5% from 2022 to 2030 |
Forecast Period | 2022-2030 |
Base Year | 2022 |
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Speak to AnalystProgrammable 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
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
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Programmable Logic Controller Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Programmable Logic Controller Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Programmable Logic Controller Market - Global Market Analysis
6.1 Programmable Logic Controller - Global Market Overview
6.2 Programmable Logic Controller - Global Market and Forecast to 2030
7. Programmable Logic Controller Market – Revenue Analysis (USD Million) – By End User, 2020-2030
7.1 Overview
7.2 Food and Beverage
7.3 Automotive
7.4 Oil and Gas
7.5 Energy and Power
7.6 Building Automation
7.7 Others
8. Programmable Logic Controller Market – Revenue Analysis (USD Million) – By Type, 2020-2030
8.1 Overview
8.2 Fixed
8.3 Modular PLC
9. Programmable Logic Controller Market – Revenue Analysis (USD Million) – By Offering, 2020-2030
9.1 Overview
9.2 Hardware Based PLC
9.3 Software Based PLC
10. Programmable Logic Controller Market - Revenue Analysis (USD Million), 2020-2030 – Geographical Analysis
10.1 North America
10.1.1 North America Programmable Logic Controller Market Overview
10.1.2 North America Programmable Logic Controller Market Revenue and Forecasts to 2030
10.1.3 North America Programmable Logic Controller Market Revenue and Forecasts and Analysis - By End User
10.1.4 North America Programmable Logic Controller Market Revenue and Forecasts and Analysis - By Type
10.1.5 North America Programmable Logic Controller Market Revenue and Forecasts and Analysis - By Offering
10.1.6 North America Programmable Logic Controller Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 United States Programmable Logic Controller Market
10.1.6.1.1 United States Programmable Logic Controller Market, by End User
10.1.6.1.2 United States Programmable Logic Controller Market, by Type
10.1.6.1.3 United States Programmable Logic Controller Market, by Offering
10.1.6.2 Canada Programmable Logic Controller Market
10.1.6.2.1 Canada Programmable Logic Controller Market, by End User
10.1.6.2.2 Canada Programmable Logic Controller Market, by Type
10.1.6.2.3 Canada Programmable Logic Controller Market, by Offering
10.1.6.3 Mexico Programmable Logic Controller Market
10.1.6.3.1 Mexico Programmable Logic Controller Market, by End User
10.1.6.3.2 Mexico Programmable Logic Controller Market, by Type
10.1.6.3.3 Mexico Programmable Logic Controller Market, by Offering
Note - Similar analysis would be provided for below mentioned regions/countries
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 United Kingdom
10.2.5 Russia
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
10.4.1 South Africa
10.4.2 Saudi Arabia
10.4.3 U.A.E
10.4.4 Rest of Middle East and Africa
10.5 South and Central America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South and Central America
11. Pre and Post Covid-19 Impact
12. Industry Landscape
12.1 Mergers and Acquisitions
12.2 Agreements, Collaborations, Joint Ventures
12.3 New Product Launches
12.4 Expansions and Other Strategic Developments
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning and Concentration
14. Programmable Logic Controller Market - Key Company Profiles
14.1 Siemens
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
Note - Similar information would be provided for below list of companies
14.2 Rockwell Automation Inc.
14.3 Mitsubishi Electric Corporation
14.4 OMRON Corporation
14.5 Schneider Electric
14.6 ABB
14.7 Eaton
14.8 Honeywell International
14.9 Emerson Electric
14.10 Hitachi
15. Appendix
15.1 Glossary
15.2 About The Insight Partners
15.3 Market Intelligence Cloud
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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