Home
ICT, Semiconductor & Electronics
Smart Infrastructure & IoT
Programmable Logic Controller Market Trends, Industry | 2030

Programmable Logic Controller Market

Name: Growth Market Reports
Address: 500 East E Street, Ontario, 91764, USA
Telephone: +1 909 414 1393

Segments - by Types (Hardware and Software and Services), End-user Industries (Food, Tobacco, Beverages, Automotive, Chemical & Petrochemical, Energy & Utilities, Pulp & Paper, Oil & Gas, Water and Wastewater Treatment, and Pharmaceutical), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

ICT-SE-2394
4.6 Rating
187 Pages

Upcoming
79 Reviews

Author :

Raksha Sharma

Fact-checked by :

Amulya Agarwal

Editor :

Shruti Bhat

Report Description

The global programmable logic controller market size was valued USD 11.15 billion in 2020 and is projected to expand at a CAGR of 5.3% during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for automation across various industries.

Programmable logic controller (PLC) continues to be the preferred choice among manufacturers and end-users, not only for machine control, but also for infrastructure applications. PLCs are valued for their speed, repeatability, reliability, and ease of deployment and maintenance. The industrial Internet of things (IIoT) is transforming how industrial processes are controlled and monitored. On the other hand, PLCs are adapting to new challenges rather than being replaced by alternative technologies.

PLCs have gained a lot of speed and new functionality over the last decade, allowing end-users to downsize to a one-size-smaller PLC. This strategy is particularly popular among cost-conscious manufacturers. The market for PLCs and PLC-based PACs, including hardware, software, and services, is mature and established, but a lot of innovation is expected to unleash in the coming years.

As automation technology found its way into a variety of new applications, the era before COVID-19 pandemic was stable and predictable. The market is expected to recover by end of 2021, but the recovery is estimated to differ depending on region and industry. Manufacturers are looking to gain a competitive advantage and are increasing their investment in smart and connected manufacturing equipment.

Market Trends, Drivers, Restraints, and Opportunities

Increasing demand for PLCs among manufacturers to aid in production processes is estimated to fuel the market.
The third wave of Covid-19 pandemic can hinder the market growth.
Rising technological advancements in PLCs is anticipated to create immense opportunities for the market players during the forecast period.

Scope of the Report

The report on the global programmable logic controller market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Programmable Logic Controller Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2021
Historic Data	2019–2020
Forecast Period	2021–2028
Segmentation	Types (Hardware and Software and Services), End-user Industries (Food, Tobacco, Beverages, Automotive, Chemical & Petrochemical, Energy & Utilities, Pulp & Paper, Oil & Gas, Water and Wastewater Treatment, and Pharmaceutical)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	ABB Ltd.; Mitsubishi Electric Corporation; and Schneider Electric SE

Programmable Logic Controller Market Segment Insights:

Hardware and software segment to account a major market share

Based on types, the market is segregated into hardware and software and services. The hardware and software segment is estimated to hold a major market share owing to rising demand for customization of PLCs in regard to specific applications. A PLC is an industrial computer control system that continuously monitors the state of input devices and makes decisions to control the state of output devices based on the program. Thus, one can combine different types of input and output devices to best suit the application.

Automotive segment is anticipated to expand at a robust CAGR

On the basis of end-user industries, the programmable logic controller market is segregated into food, tobacco, beverage, automotive, chemical & petrochemical, energy & utilities, pulp & paper, oil & gas, water and wastewater treatment, and pharmaceutical. PLC has been used in manufacturing to meet the rapid growth of the automotive industry. It was initially used in the automotive industry as a relay replacement equipment.

According to the Center for Automotive Research (CAR) at the University of Duisberg-Essen, the global annual car growth is estimated to be 2.2%. Better production facilities equipped with automation are required for the potential growth, which is expected to fuel the demand for PLCs in the automotive segment. With technological advancements, PLCs can replace nearly 100 relays, allowing for better space and man management. Various advanced technologies are also being integrated into automobiles, such as machine vision, collaborative robots, artificial intelligence for driverless/autonomous cars, and cognitive computing in IoT-connected cars. This, in turn, is anticipated to proliferate the segment growth.

North America is projected to hold a significant market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to hold a significant share in due to increasing industrial investment in the mining and oil & gas sectors, which is estimated to fuel the demand for PLCs, thereby propelling market growth in the region.

SCADA is widely used in the US’ upstream, midstream, and downstream oil and gas sectors. Its role in the upstream sector is to primarily support the remote data transmission. However, the widespread and diverse application of SCADA has propelled the demand for PLC in the country. Smart manufacturing initiatives, such as the Smart Manufacturing Leadership Coalition (SMLC), which drives and facilitates the widespread adoption of manufacturing intelligence and automation, also contribute to the market expansion. Rising use of IoT with Industry 4.0 applications is further driving the growth of the market in the region. The government in the US is concentrating on smart city development, which is anticipated to fuel the demand for industrial digital computers in the coming years.

Segments

Segments Covered in the Report
The global programmable logic controller market is segmented on the basis of
Types

Hardware and Software
Services

End-user Industries

Food
Tobacco
Beverage
Automotive
Chemical & Petrochemical
Energy & Utilities
Pulp & Paper
Oil & Gas
Water and Wastewater Treatment
Pharmaceutical

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

ABB Ltd.
Mitsubishi Electric Corporation
Schneider Electric SE

Competitive Landscape

The major players in the programmable logic controller market include ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric SE. Companies are engaging in mergers, acquisitions and partnerships to expand their market share.

In April 2019, Schneider Electric announced the opening of an office facility in Maharashtra, India. As a result of this expansion, the company expects to solidify its market leadership and revenue for its diverse range of energy management products and solutions.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Programmable Logic Controller Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Programmable Logic Controller Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Programmable Logic Controller Market - Supply Chain
  4.5. Global Programmable Logic Controller Market Forecast
     4.5.1. Programmable Logic Controller Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Programmable Logic Controller Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Programmable Logic Controller Market Absolute $ Opportunity
5. Global Programmable Logic Controller Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Programmable Logic Controller Market Size and Volume Forecast by Types
     5.3.1. Hardware and Software
     5.3.2. Services
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Programmable Logic Controller Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Programmable Logic Controller Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Programmable Logic Controller Demand Share Forecast, 2019-2026
7. North America Programmable Logic Controller Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Programmable Logic Controller Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Programmable Logic Controller Market Size and Volume Forecast by Types
     7.4.1. Hardware and Software
     7.4.2. Services
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Programmable Logic Controller Demand Share Forecast, 2019-2026
8. Latin America Programmable Logic Controller Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Programmable Logic Controller Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Programmable Logic Controller Market Size and Volume Forecast by Types
     8.4.1. Hardware and Software
     8.4.2. Services
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Programmable Logic Controller Demand Share Forecast, 2019-2026
9. Europe Programmable Logic Controller Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Programmable Logic Controller Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Programmable Logic Controller Market Size and Volume Forecast by Types
     9.4.1. Hardware and Software
     9.4.2. Services
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Programmable Logic Controller Demand Share Forecast, 2019-2026
10. Asia Pacific Programmable Logic Controller Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Programmable Logic Controller Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Programmable Logic Controller Market Size and Volume Forecast by Types
     10.4.1. Hardware and Software
     10.4.2. Services
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Programmable Logic Controller Demand Share Forecast, 2019-2026
11. Middle East & Africa Programmable Logic Controller Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Programmable Logic Controller Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Programmable Logic Controller Market Size and Volume Forecast by Types
     11.4.1. Hardware and Software
     11.4.2. Services
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Programmable Logic Controller Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Programmable Logic Controller Market: Market Share Analysis
  12.2. Programmable Logic Controller Distributors and Customers
  12.3. Programmable Logic Controller Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. ABB Ltd.
     12.4.2. Mitsubishi Electric Corporation
     12.4.3. Schneider Electric SE
     12.4.4.

Methodology

Purchase Premium Report

Buy Now

Request For Sample

Request For Customization

Enquiry Before Buying

Speak With Analyst

Customize This Report

Ask for Research To Be Focused On Specific Regions or Segments
Receive Data As Per Your Format and Definition
Companies Profiled based on Your Requirements
Breaking Down Competitive Landscape as per Your Requirements
Any Level of Customization

Our Clients

Client Testinomials

We needed a highly accurate and precise report, which Growth Market Reports delivered promptly. The company compiled information from a wide array of reliable agencies and sourcess.It is extremely satisfactory to be working with you.
Strategy Head of Major Tech Company

We were very pleased to contact Growth Market Reports as they tailored reports precisely as per our requirements. As we are dealing with the aerospace and defense industry, we need reports of high accuracy and substantial quality.
Major Player in Defense Industry

Extremely delighted to have a well-crafted report on “Global Packaging Solutions Market Research Report” from your team. Thank you for providing me with all our requirements and for incorporating our suggestions.
CMO of Leading Packaging Company from USA

I had a good experience working with Growth Market Reports as they were very open to all constructive changes in the report. I found that the report had its charm embedded with ample of data.
Founder and Managing Partner of Major Korean Company

Our company has been working with Growth Market Reports for some years now and we are very happy with the quality of the reports provided by the company.I, on behalf of my organization, would like to thank you for offering professional reports.
Global Consulting Firm

Quick Contact

+1 909 414 1393

sales@growthmarketreports.com

Growth Market Report

Certified By