Programmable Logic Controller (PLC) Market Trend Analysis Report by Type (Software, Hardware); Product Type (Modular PLC, Compact PLC, Rack PLC); End User (Food & Beverage, Automotive, Chemical & Petrochemical, Pulp & Paper, Oil & Gas, Pharmaceutical, Water & Wastewater Treatment, Energy & Utilities),& Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2030
Pages: 300 | Jun-2024 Formats | PDF | Category: Semiconductor and Electronics | Delivery: 24 to 72 Hours
Programmable Logic Controller (PLC) Market is expected to grow rapidly at a 5.9% CAGR consequently, it will grow from its existing size of from $ 13.10 Billion in 2023 to $ 22.02 Billion by 2030.
Programmable Logic Controller (PLC) Market is expected to grow rapidly at a 5.9% CAGR consequently, it will grow from its existing size of from $ 13.10 Billion in 2023 to $ 22.02 Billion by 2030.
Programmable Logic Controller (PLC) Market Overview
For Insights Consultancy presents an extensive market analysis report titled “Programmable Logic Controller (PLC) Market Report 2024″providing businesses with an edge in competition by providing a thorough analysis of market structures with estimates for various segmentations and segments.
The Programmable Logic Controller (PLC) market has experienced significant growth, driven by the demands for industrial automation in different sectors. PLCs, which are electronic devices that are designed to regulate electromechanical process, have been integral to automotive, energy, manufacturing and other sectors because of their versatility as well as their reliability and easy programming.
Important trends include the introduction of PLCs with advanced communication capabilities, the integration with IoT as well as industry 4.0 technologies, as well as the creation of smaller and efficient PLCs that are energy efficient. There is also increasing demand for safety-oriented PLCs that are compliant with strict industry standards.
Market players are increasing their focus on innovation in product in the form of customization, as well as providing customized solutions to meet specific industrial needs. The market is characterised by fierce competition among big players like Siemens, Rockwell Automation, Schneider Electric, and Mitsubishi Electric along with a variety of smaller companies that cater to niche markets or specific applications.
Geographically speaking, regions like Asia Pacific, particularly China as well as North America have been leading in terms of market share thanks to rapid technological development and industrialization. It is expected that the PLC market is anticipated to grow in the future, driven by the accelerating trend of automation and the requirement for efficient as well as flexible control for industrial systems.
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Programmable Logic Controller (PLC) Market Segment Analysis
The Programmable Logic Controller (PLC) market is segmented on a variety of factors, including type, application, industry, as well as geography.
The type: PLCs are typically classified into various kinds according to their dimensions, design and capabilities. They include compact PLCs, modular PLCs and rack-mounted PLCs as well as safety PLCs. Each one is tailored to specific requirements of the application and comes with different levels of performance, flexibility and the ability to scale.
Application PCLs are able to find applications across a broad range of industries, including manufacturing automobile, energy, pharmaceuticals food and beverages, and aerospace. The most common applications are machine automation, process control motion control, building automation, to name a few.
End-user Industries: The industry segment of the end-user includes the various industries which rely on PLCs for automation and control. These include discrete production (e.g. auto assembly lines) and processing industries (e.g. Chemical processing facilities) and utilities (e.g. electricity generation or distribution) as well as infrastructure (e.g. transport systems).
Programmable Logic Controller (PLC) Market Trends 2024
Integration of Artificial Intelligence (AI) and Machine Learning (ML): PLC makers are integrating AI and Machine Learning capabilities in their systems to improve predictive maintenance, improve processes, and facilitate autonomous decision-making in industrial settings.
Edge Computing within PLCs It is becoming increasingly important to put focus on the capabilities of edge computing in PLCs, which allow instantaneous data analysis and processing right at the source. This increases the speed of response as well as reduces latency. It also allows for applications that require rapid decision-making.
Cybersecurity Enhancements With the growing connections of industrial equipment, security is an important issue. PLC manufacturers are incorporating robust security functions, like encryption authentication, authentication, and anomaly detection, in order to safeguard against cyber attacks and protect the security that industrial systems.
Cloud connectivity: The PLCs of the future are constructed with built-in cloud connectivity platforms, which facilitates storage of data, analysis as well as remote control. Cloud integration permits centralized management, scalability and access to the most advanced analytics tools to optimize industrial processes.
The focus is on sustainability: Manufacturers are developing PLCs that are energy efficient and have lower energy consumption and environmental impact. Sustainability-related features, like power management algorithms, as well as eco-friendly materials are being integrated in PLC designs to meet the global environmental policies.
Programmable Logic Controller (PLC) Market Dynamics 2024
Growth Drivers
Industrial Automation Automation is gaining popularity across industries boosts the need for PLCs to be crucial components for control and monitoring electromechanical processes, which in turn boosts the development of markets.
Industry 4.0 and IoT Integration: The integration of PLCs and industry 4.0 technology and Internet of Things (IoT) allows for improved connectivity and real-time data analytics predictive maintenance as well as process improvement, which is driving the growth of markets.
Rapid Industrialization Emerging economies experiencing rapid industrialization, especially in the fields of automotive, manufacturing and energy, drive the demand for PLCs that reduce the time spent on operations, increase efficiency, and lower cost of production.
Technological Advancements Continuous improvements of PLC technologies, like enhanced communication protocols, faster processing speeds, improved cybersecurity features, and more capabilities, drive growth in the market by providing higher-end and robust automation solutions.
Concentrate on Operational Efficiency: Organizations prioritize operational efficiency and productivity improvements which leads to higher investment in PLCs that automatize processes, reduce downtime, improve the utilization of resources, and boost overall performance.
Restraints
High initial investment The initial costs of PLCs, which includes software, hardware installation, training, and maintenance could be substantial which can hinder adopting them for certain businesses particularly small and medium-sized businesses (SMEs).
Cybersecurity Issues: The growing connectivity of PLCs to networks as well as other devices can expose industrial equipment to cyber-security threats like ransomware, malware and unauthorized access which can hinder market growth due to concerns regarding the security of data and the integrity of the system.
Skills Gap The difficulty of PLC maintenance and programming requires qualified professionals. The shortage of qualified personnel in the area of industrial automation could limit market growth through the effectiveness of PLCs.
Legacy System Compatibility: A lot of industries still depend on older automation systems that may not be able to easily integrate with the most modern PLCs which can lead to problems with compatibility and resistance to upgrade the existing infrastructure which can hinder market growth.
Regulation Conformity: Compliance with industry-specific rules and standards, specifically in highly regulated industries like food processing and pharmaceuticals, can be a challenge for PLC manufacturers and their users which can affect the dynamics of markets and adoption rates.
Competitive Landscape of the Programmable Logic Controller (PLC) Market
Omron Corporation: Omron is a top supplier of automation solutions, which include PLCs, sensors, as well as control systems. The company provides a broad selection of PLC products for a range of industrial applications, with a particular focus on the reliability, flexibility and user-friendliness.
- Siemens
- Hitachi Ltd
- Rockwell Automation
- OMRON
- Panasonic
- Honeywell
- Mitsubishi Electric
- Delta Electronics
- Electronics and Yokogawa
- ABB
- Beckhoff Automation
New Developments
Omron Corporation developed the CP2E Micro PLC to allow data collecting and machine-to-machine communication in tiny equipment. CP2E is one of the most dependable and cost-effective alternatives for mass-produced single machines. The CP2E series controllers provide a cost-effective option for flexible manufacturing where traceability and machine monitoring are critical.
Emerson Electric Co. has introduced the PACSystem RSTi-EP CPE 200 programmable automation controllers. The most compact PACs will help OEMs satisfy customer demands by reducing the need for specialized software engineering personnel. CPE 200 controllers are going to provide big programmable logic controller (PLC) functionality in a low-cost, tiny, IIoT-ready form factor, eliminating the need for machine manufacturers to trade performance for cost.
Programmable Logic Controller (PLC) Market Regional Outlook
The outlook for regional growth of the Programmable Logic Controller (PLC) market varies among different geographic regions, and is affected by factors like technological advances, industrialization economic and business conditions, as well as regulatory conditions.
Asia Pacific:
Asia Pacific dominates the PLC market, driven by the rapid industrialization, notably in countries such as China, India, and South Korea. The region’s growing manufacturing industry as well as the growing investments in infrastructure and automation is fueling market growth. In addition, the increasing adoption of industry 4.0 techniques and the initiatives of government to encourage smart manufacturing are also contributing to the growth of PLC market in the region.
North America:
North America holds a significant portion of PLC market, driven primarily by the advanced industrial sectors such as aerospace, automotive and electronic. The presence of major PLC manufacturers as well as an emphasis on technological advancement drive the market’s growth. In addition, growing demand for energy efficient solutions and the widespread adoption of industrial automation across a variety of sectors are contributing for the regional PLC market expansion.
Europe:
Europe is an established market for PLCs that is characterized with established industries for manufacturing as well as strict regulations. The focus of the region on improving efficiency, productivity and sustainability of industrial processes is driving the use of PLCs. Furthermore an integration with IoT as well as digitalization efforts boosts the growth of markets in Europe.
Segment Covered in the Report are
By Type
- Software
- Hardware
By Product Type
- Modular PLC
- Compact PLC
- Rack PLC
By End User
- Food & Beverage
- Automotive
- Chemical & Petrochemical
- Pulp & Paper
- Oil & Gas
- Pharmaceutical
- Water & Wastewater Treatment
- Energy & Utilities
Frequently Asked Questions
What are the major factors driving the growth of the programmable logic controller market?
Increasing automation in the manufacturing industry, and higher demand for renewable energy are the major factors driving the market growth.
Who are the major players dominating the PLC market?
The major players in the market are Eaton Corporation, Omron Corporation, Emerson Electric Co., OTEK Corporation, Electric Power Construction Corporation, Robert Bosch GmbH, Honeywell International Inc., Siemens AG, Rockwell Automation, and Schneider Electric SE
Which segment captures the largest market size in the product type segment in the programmable logic controller market?
The modular PLC segment is anticipated to garner the largest market size by the end of 2030 and display significant growth opportunities.
Which region will provide more business opportunities for the growth of the programmable logic controller market in the future?
The market in the North American region is projected to hold the largest market share by the end of 2030 and provide more business opportunities in the future.
Report Features
This report gives the most complete information. The report on Programmable Logic Controller (PLC) Market format has been designed so that it can provide the best value to the business. It offers crucial insights into the market’s dynamic and will aid in strategic decision-making for current players as well as those looking to join the market.
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Table of Contents
- Global Programmable Logic Controller (PLC) Market Size And Forecast (2024-2030)
- Programmable Logic Controller (PLC) Market Share By Type (2024)
- Programmable Logic Controller (PLC) Market Share By End-User Industry (2024)
- Programmable Logic Controller (PLC) Market Share By Region (2024)
- Programmable Logic Controller (PLC) Market Growth Rate By Type (2024-2030)
- Programmable Logic Controller (PLC) Market Growth Rate By End-User Industry (2024-2030)
- Programmable Logic Controller (PLC) Market Growth Rate By Region (2024-2030)
- Competitive Landscape: Market Share Of Key Players (2024)
- Programmable Logic Controller (PLC) Market Drivers And Restraints
- Analysis Of Key Trends In The Programmable Logic Controller (PLC) Market
- Technological Advancements In Programmable Logic Controller (PLC)S
- Regulatory Landscape For Programmable Logic Controller (PLC)S
- Programmable Logic Controller (PLC) Market Entry Strategies
- Swot Analysis For Key Players In The Programmable Logic Controller (PLC) Market
- Programmable Logic Controller (PLC) Market Supply Chain Analysis
- Porter’s Five Forces Analysis For The Programmable Logic Controller (PLC) Market
- Investment Opportunities In The Programmable Logic Controller (PLC) Market
- Impact Of Covid-19 On The Programmable Logic Controller (PLC) Market
- Future Outlook And Projections For The Programmable Logic Controller (PLC) Market
- Customer Preferences And Buying Behavior In The Programmable Logic Controller (PLC) Market
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