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

Programmable Logic Controller Market Overview:

Programmable Logic Controller Market size is estimated to reach US$18.1 billion by 2030, growing at a CAGR of 5.3% during the forecast period 2024-2030. The increasing automation in industries in the programmable logic controller will positively affect the market growth.

The rising trend of automation across diverse industries is a fundamental driver for the PLC market. As businesses seek to enhance operational efficiency, reduce manual intervention, and improve process control, PLCs offer a reliable and versatile solution. From assembly lines in manufacturing to control systems in utilities, PLCs automate a wide range of processes, optimizing resource utilization and minimizing errors. The demand for increased automation to meet production demands and improve product quality continues to propel the growth of the PLC market globally. The demand for higher production volumes without compromising on product quality is another driving force. PLCs allow for precise control over manufacturing parameters, ensuring consistency in output and adherence to quality standards.

Market Snapshot: 

Programmable Logic Controller Market - Report Coverage:

The “Programmable Logic Controller Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Programmable Logic Controller Market.
 

COVID-19 / Ukraine Crisis - Impact Analysis:  

● The COVID-19 pandemic has accelerated the adoption of cloud technologies as businesses shifted to remote work environments. The closure of industries due to novel coronavirus has caused decline in the production rate of Programmable Logic Controller. Due to disruptions in supply chain, the Programmable Logic Controller market is abruptly suffering, hence resulting in decrease in the working capital.

● The conflict in Ukraine has had complex effects on the Programmable Logic Controller market. The ongoing war has created political and economic instability, resulting in a decline in consumer purchasing power within the region. Additionally, the war has severely disrupted supply chains, leading to challenges in production and distribution for manufacturers. As a result, the market is anticipated to witness sluggish growth due to the combined impact of these factors.

Key Takeaways:

● Hardware Dominated the Market

According to the Programmable Logic Controller Market analysis, in the Programmable Logic Controller market share, hardware is analyzed to hold a dominant market share of 55% in 2023. The hardware components of Programmable Logic Controllers (PLCs) play a crucial role in driving the market for PLCs. The PLC hardware is a key factor influencing the performance, capabilities, and versatility of these automation devices. The hardware segments in the market of Programmable Logic Controllers (PLCs) encompass various components that contribute to the functioning and performance of these industrial automation systems. The components include processor, power supply, I/O modules, communication interface and programming device.

● Compact PLC is the fastest growing segment

In the Programmable Logic Controller Market forecast, Modular PLC segment is estimated to grow with a CAGR of 6.1% during the forecast period. Compact PLCs often come with a lower price point compared to larger PLCs. This makes them an attractive option for small to medium-sized enterprises (SMEs) and applications with budget constraints. The market for compact PLCs is driven by the specific needs of applications that benefit from their smaller size, cost-effectiveness, ease of use, and suitability for less complex automation tasks and the global opportunities like increasing demand for automation, global industrial expansion, and integration with emerging technologies.

●    APAC to Hold Largest Market Share

Based on geography, the market has been segmented into North America, Europe, South America, APAC and Middle East & Africa. Among these regions, APAC dominated the Programmable Logic Controller Market with a revenue share of 35% in 2023 and is expected to rise at a CAGR of 6.1% during the forecast period from 2024-2030. The Asia Pacific region is witnessing a significant industrial automation boom across various sectors, driving the demand for PLCs in manufacturing, energy, and process industries  Furthermore, In 2022, Japanese automakers are expected to produce roughly 16.46 million automobiles outside of Japan, up from 15.38 million in the previous year. This was more than double the amount produced in the United States. Such Huge production will create an opportunity 

● Increasing Automation in Industries in the Programmable Logic Controller will Positively Impact the Market Growth

The rising trend of automation across diverse industries is a fundamental driver for the PLC market. As businesses seek to enhance operational efficiency, reduce manual intervention, and improve process control, PLCs offer a reliable and versatile solution. From assembly lines in manufacturing to control systems in utilities, PLCs automate a wide range of processes, optimizing resource utilization and minimizing errors. The demand for increased automation to meet production demands and improve product quality continues to propel the growth of the PLC market globally. In December 2023, Rockwell Automation Streamlines Machine Design, Development and Deployment with Micro800 Controllers and Automation Software Enhancements. Manufacturers can commission standalone machines more efficiently with Allen‑Bradley Micro820 controller firmware revision 14, and Micro850 2080-L50E and Micro870 2080-L70E controller firmware revision 22. The latest Connected Components Workbench software version 22 is the required minimum to support the expanded controller capabilities and improvements.

● Demand for Energy-Efficient Solutions of Programmable Logic Controllers is Analyzed to Drive the Market Growth in the Forecast Period

The growing emphasis on sustainability and energy efficiency is driving the adoption of PLCs in various industries. PLCs contribute to energy management strategies by optimizing the usage of machinery and equipment in manufacturing and other processes. They enable precise control over energy consumption, allowing businesses to reduce their environmental footprint and operational costs. As energy efficiency becomes a key consideration for industries worldwide, the demand for PLCs that support sustainable and green practices is expected to rise, fostering market growth. In April 2023, Siemens will be presenting a complete virtual programmable logic controller (PLC) for the first time at Hannover Messe 2023. The Simatic S7-1500V expands the existing Simatic portfolio and meets special market requirements such as virtual hosting of PLC computing. In the future, that means the range will include both hardware controllers and the virtual PLC. The new Simatic S7-1500V is part of Industrial Operations X. This is a continuously growing, interoperable portfolio geared towards production engineering, execution, and optimization that Siemens is adding to its portfolios on Siemens Xcelerator – the open, digital business platform.

● Cybersecurity Concerns

One significant market constraint for the programmable logic controller (PLC) market is the escalating challenge of cybersecurity. As industrial systems become more interconnected and embrace digitalization, the vulnerability to cyber threats increases. PLCs, being integral components in industrial automation, are potential targets for malicious cyber activities. Unauthorized access, data breaches, and system manipulations pose serious risks to the integrity and safety of industrial processes.  Ensuring robust cybersecurity measures becomes crucial to protect PLCs from cyber threats, but the evolving nature of cyberattacks requires constant vigilance and updates to stay ahead of potential vulnerabilities. Striking a balance between connectivity and security remains a considerable challenge for the PLC market as it addresses the imperative of safeguarding critical infrastructure against cyber threats. The ever-evolving nature of cyber threats requires constant vigilance and proactive measures to safeguard PLCs and the industrial systems they control. Implementing robust cybersecurity measures, including regular updates, patches, and adherence to industry standards, is essential.

                                                                 Programmable Logic Controller Market Revenue Share, By Geography, 2023 (%)

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Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Programmable Logic Controller Market. The top 10 companies in this industry are listed below:

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

Scope of Report: 

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