The latest research study “Programmable Logic Controller (PLC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global programmable logic controller (PLC) market size reached US$ 13.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 19.25 Billion by 2027, exhibiting a growth rate (CAGR) of 5.60% during 2022-2027.
A programmable logic controller (PLC) represents an electronic device that controls, manages, monitors, and automates industrial electromechanical processes. It contains various components, such as a power supply processor, central processing unit (CPU), and input/output (I/O) sections. PLC is widely used to automate processes in light fixtures, elevators, automatic doors, amusement rides, road traffic signals, and machinery control on factory assembly lines. It is an independent system that controls and improves operations without human supervision. PLC aids in increasing reliability, flexibility, faster response time, and easy troubleshooting. As a result, this system finds widespread applications across several sectors, including chemicals and petrochemical, automotive, paper and pulp, food and beverage (F&B), and oil and gas.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Programmable Logic Controller (PLC) Market Trends and Drivers:
The escalating demand for this control and factory automation system that provides advanced solutions, such as security monitoring, energy consumption management, and automatic production lines, is among the primary factors driving the programmable logic control (PLC) market. Besides this, the elevating product requirement in harsh industrial environments, owing to its intense robustness and capability of withstanding extreme temperatures, humidity, vibration, and electrical noise, is further augmenting the market growth. Moreover, the integration of machine-to-machine (M2M) communication, intelligent sensors, industrial cloud, and cybersecurity technologies with PLC devices to improve operational efficiency and enable seamless automation is also catalyzing the global market. Apart from this, the leading manufacturers are developing compact solutions with advanced features, cost-effectiveness, and interoperability to meet the rising need for improved control, secured connectivity, and enhanced performance, which is acting as another significant growth-inducing factor. Furthermore, the extensive research and development (R&D) activities, the expanding automotive industry, and the launch of several policies by the government bodies to focus on the sustainable construction of smart cities are anticipated to propel the programmable logic control (PLC) market over the forecasted period.
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Programmable Logic Controller (PLC) Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ABB Ltd., Delta Electronics Inc., Eaton Corporation plc, Emerson Electric Co., Fuji Electric Co. Ltd., Hitachi Ltd., Honeywell International Inc., Mitsubishi Electric Corporation, OMRON Corporation, Panasonic Holdings Corporation, Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Toshiba Corporation.
The report has segmented the market on the basis of type and end use industry.
Breakup by Type:
- Hardware and Software
- Large PLC
- Nano PLC
- Small PLC
- Medium PLC
- Others
- Services
Breakup by End Use Industry:
- Automotive
- Energy and Utilities
- Chemical and Petrochemical
- Oil and Gas
- Pulp and Paper
- Pharmaceutical
- Water and Wastewater Treatment
- Food, Tobacco and Beverage
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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