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Programmable logic controller Market Size, Share & Industry Analysis, By Type (Modular PLC , Compact PLC , Rack PLC), By Industry (Automotive, Chemical & Petrochemical, Paper & Pulp, Energy & Utilities, Food & Beverages, Oil & Gas, Others) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI103755 | Status : Ongoing

 

KEY MARKET INSIGHTS

Programmable logic controller (PLC) is an industrial computer control system that enhances the process, production line, machine function, and more across the industries. It autonomously monitors the integrated devices and as per the tailored program, controls the output of devices. It controls and improves its operation independently without human supervision. The increasing demand for better productivity and sustainability is likely to boost the PLC demand in near future. Similarly, the improvement and advancement in the manufacturing industries are fueling the programmable logic controller market growth.


The PLCs offer advanced solution such as security monitoring, energy consumption management, automatic production lines among others. This is propelling its demand for PLCs across industrial automation. The automotive and oil & gas industries are likely to gain maximum market share revenue during the forecast period. The industries such as paper & pulp, chemical & pharmaceutical, and energy & utilities are witnessing increasing demand for automation. This is likely to create vast opportunities for PLC adoption.

Up Arrow

Key Market Driver -

• Increasing automation trends is likely to drive the programmable logic controller market

Down Arrow

Key Market Restraint -

• Lack of trained skill to operate PLC might hamper the market growth • Harsh environment adversely effects the PLCs might hamper the its adoption


Key Players Covered:


Some of the prominent players in the global programmable logic controller market are Rockwell Automation, ABB Ltd., Omron Corporation, Siemens AG, Panasonic Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, Delta Electronics, Schneider Electric SE, Honeywell Corporation, Beckhoff Automation, Hitachi Ltd., General Electric Co., KEYENCEK, Fuji Electric, and Eaton Corporation. These companies are investing in research and development on advanced programmable logic controllers. To expand the business the dominant players of the market are entering into strategic collaboration or agreement.

Regional Analysis


North America is expected to dominate the programmable logic controller market. US is likely to gain traction owing to the increasing demand for automation across the industries such as automotive, food & beverages, paper & pulp among others. Europe is anticipated to gain the second rank in market revenue share. The expansion of industries such as automotive, chemical & pharmaceutical, energy & utilities and more in the region is boosting the demand for PLC. European countries have made substantial investments in automation and Industrial IoT. This is likely to lift the PLC adoption in the region. Germany and France account for a major share of the automotive industry across the globe. This is likely to drive the PLC market growth.

Asia Pacific is likely to gain rapid growth. The increasing emerging economies such as China, Japan, and India are likely to create vast opportunities for the PLC market development. China with the rising automation industries is likely to gain maximum market share during the forecast period. According to the report of the International Federation of Robotics, the robotic market of china is expected to grow by 20 % by 2020. Japan is also likely to witness increasing adoption of programmable logic controllers. The government initiative such as Japan’s Society 5.0 to boost the adoption of Industry 4.0 is expected to drive the market. Further, in India the increasing government investment in smart cities will boost the PLC demand during the forecast period.

Middle East and Africa are expected to witness steady growth. With government initiates such as UAE Vision 2021, Dubai Plan 2021, Saudi Vision 2030, the industries are focusing on sustainable infrastructure and environment. Similarly, Latin America is expected to escalate the growth of the programmable logic controller market.

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Segmentation






















 ATTRIBUTE

  DETAILS

By Type



  • Modular PLC

  • Compact PLC

  • Rack PLC



By Industry



  • Automotive

  • Chemical & Petrochemical

  • Paper & Pulp

  • Energy & Utilities

  • Food & Beverages

  • Oil & Gas

  • Others



By Geography



  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Scandinavia and Rest of Europe)

  • Asia Pacific (Japan, China, India, Southeast Asia and Rest of Asia Pacific)

  • Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)

  • Latin America (Brazil, Mexico and Rest of Latin America)



Key Industry Developments



  • January 2020 – Hitachi Ltd. acquired a robotic system integration provider JR Automation. The acquisition aims to provide seamless integration process to its customers. The companies are working on providing automation solutions for the manufacturing industry.

  • March 2020 – ABB Ltd. in partnership with B&R Industrial Automation launched solutions of fully integrated machine-centric robotics. The partnership offers one-stop software and hardware solution across control, sensing & analytics, robotics, actuation, and electrification.





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