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Global Programmable Logic Controller Market size is predicted to reach $18.1 billion by 2030, growing at a CAGR of 5.3% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Increasing demand for automation in manufacturing and the rise of edge computing propels market growth, finds IndustryARC in its recent report, titled “Programmable Logic Controller Market – By Offering (Hardware {Processor (CPU), Power Supply, Input/ Output Modules, Communication Interface, Programming Device}, Software, Services), By Type (Compact PLC, Modular PLC, Rack PLC), By Capacity (Nano PLC, Micro PLC, Small PLC, Medium PLC, Large PLC), By Application (Material Handling, Packaging & Labeling, Home & Building Automation, Industrial Equipment Control System, Process Control & Automation, Safety Monitoring & Control, Others), By End-Use Industry (Automotive, Building & Construction, Chemical and Petrochemical, Energy & Utility, Food & Beverage, Manufacturing, Oil & Gas, Paper & Pulp, Pharmaceuticals, Semiconductor & Electronics, Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”
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North America to Register Significant Growth:
The growth is driven by increased automation across various industries. Manufacturing sectors, particularly automotive, electronics, and food and beverages, are adopting PLCs to enhance efficiency and productivity. Technological advancements, such as the integration of IoT and AI with PLCs, have further accelerated market expansion. Additionally, the growing demand for smart manufacturing and industrial automation solutions is propelling PLC adoption. The region’s strong emphasis on industrial safety and stringent regulatory standards also contribute to the rising deployment of PLCs, positioning North America as a pivotal market for innovative automation solutions.
Programmable Logic Controller Market 2024-2030: Scope of the Report
|
Report Metric |
Details |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
CAGR |
5.3% |
|
Market Size in 2030 |
$18.1 billion |
|
Segments Covered |
By Offering, By Type, By Capacity, By Application, By End-Use Industry, and By Region |
|
Geographies Covered |
North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa). |
|
Key Market Players |
1. Siemens AG 2. Schneider Electric SE 3. ABB Ltd. 4. Toshiba International Corporation 5. Robert Bosch GmbH 6. Eaton Corporation, Plc 7. Rockwell Automation Inc. 8. Panasonic Corporation 9. Mitsubishi Electric Corporation 10. Hitachi Ltd |
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Programmable Logic Controller Market Report – Key Takeaways:
In the Programmable Logic Controller (PLC) market forecast, the Compact PLC segment is expected to grow at a CAGR of 6.1% during the forecast period. Compact PLCs, which are typically more affordable than larger PLCs, appeal to small and medium-sized enterprises (SMEs) and budget-conscious applications. Their growth is fueled by their compact size, cost-effectiveness, ease of use, and suitability for simpler automation tasks. Additionally, global trends such as rising automation demand, industrial expansion, and integration with emerging technologies contribute to the growing market for compact PLCs.
According to the Programmable Logic Controller (PLC) market analysis, hardware is projected to account for 55% of the market share in 2023. PLC hardware is essential for driving the market, as it significantly impacts the performance, capabilities, and versatility of these automation systems. Key hardware segments include processors, power supplies, I/O modules, communication interfaces, and programming devices, all of which are crucial for the effective functioning and performance of PLCs.
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Key Opportunity Analysis:
Opportunity in Industry 4.0 Integration
The shift towards Industry 4.0 offers a significant opportunity for the Programmable Logic Controller (PLC) market. As industries transition to smart manufacturing, the demand for PLCs is set to rise. These controllers are pivotal in enabling real-time data processing and connectivity, crucial for integrating IoT, AI, and machine learning technologies. PLCs facilitate seamless communication between machinery, leading to improved operational efficiency and reduced downtime. By offering customizable and scalable solutions, PLC manufacturers can capitalize on this trend, catering to the needs of various industries aiming to optimize their production processes through advanced automation and intelligent control systems.
Growth in Renewable Energy Applications
The growing focus on renewable energy sources presents a significant opportunity for the Programmable Logic Controller (PLC) market. As the renewable energy sector expands, there is an increasing need for advanced control systems to manage complex energy processes efficiently. PLCs can optimize operations in solar, wind, and hydroelectric power plants by providing precise control and real-time monitoring capabilities. The integration of PLCs with renewable energy systems ensures better grid management and improved energy efficiency. By developing specialized PLC solutions tailored for renewable applications, manufacturers can tap into this burgeoning market, contributing to the global transition towards sustainable energy solutions.
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The report also covers the following areas:
Programmable Logic Controller Market 2024-2030: Key Highlights
Covid and Ukrainian Crisis Impact:
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List of Key Market Players in the Programmable Logic Controller Market:
The Global Programmable Logic Controller Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:
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