Global Programmable Logic Controller (PLC) Market 2024 By Type, By Technology, By End-User, By Geographical Outlook and Forecast 2031
- Overview
- Report Details
- Table Content
Global Programmable Logic Controller (PLC) Market was valued at USD 15.14 billion in 2024, and it is projected to reach USD 20.65 billion by 2031, at a CAGR of 7% during the forecast period.
Industry Overview
The programmable logic controllers (PLC) industry is constantly growing and developing. With automation taking centre stage in many sectors, the need for PLCs keeps growing. Such tools are essential for streamlining operations, human error prevention and higher productivity. Flexible and reliable, from manufacturing to energy-management, PLCs are essential for industries of all kinds. In contrast to conventional controls, they’re programmable to change with the demands of the operation. Second, technology has made it possible to have higher quality PLCs with new features like remote monitoring and integration with IoT devices. The future of this transformation is in smart factories where data analytics make decisions in real time. With industries going digital, this is an area where it’s important to know the landscape for companies looking to use automation. And the future is in store as PLC technology keeps pushing the limits of a multitude of applications.
Market Trends
The Programmable Logic Controller (PLC) Market in the world is witnessing an exploding market, thanks to advancement in technologies. The fields are moving toward automation to be more efficient and avoid human error. Smart manufacturing is transforming the PLC applications. Enterprises are using IoT with their PLC platforms for live data analytics and decision-making. Another market revolution is the move to modular PLCs. These flexible systems are flexibly and can be tailored by manufacturers for unique requirements without much investment.
What’s more, we are increasingly looking to energy-efficient programmable logic controllers. Companies want to reduce their carbon footprint without compromising productivity. Cybersecurity will continue to be of the essence as more and more devices log in. For secure PLC systems to keep confidential information secure and ensure uninterrupted operation against the increasingly widespread cyberattacks, manufacturers place a premium.
Markets Segmentation
By Type
- Modular PLC
- Compact PLC
- Rack Mounted
By Technology
- Traditional
- Safety
- Hybrid
By End-User
- Automotive
- Chemical & Petrochemical
- Energy & Power
- Food & Beverage
- Oil & Gas and Others
Market Scope
Programmable Logic Controllers (PLC) market is extremely large and growing rapidly. PLCs being the automation solutions for every industrial process are becoming a part of every industry. Severe industries such as manufacturing, automobiles, food and beverage, and energy depend on these networks. They’re customizable for customisation that maximizes productivity and minimises downtime. What’s more, Industry 4.0 takes its focus away from connectivity and intelligent solutions. This pattern drives the need for sophisticated PLCs with IoT. In companies that are in the market for greater automation, the demand for advanced programmable logic controllers will increase significantly. This environment is thus very much important for stakeholders looking to exploit the potential of this lucrative market segment.
The List of Companies – Programmable logic controller Market:-
- Siemens
- Rockwell Automation
- Mitsubishi Electric Corporation
- OMRON Corporation
- Schneider Electric
- ABB
- Eaton
- Honeywell International Inc.
- Emerson Electric Co.
- Hitachi, Ltd.
Geographical Framework
Geographical structure of Programmable Logic Controller (PLC) market provides valuable information regarding regional requirements and prospects. North America is the world of highest technology adoption with automation driven industries. Europa is next, with its draconian regulatory requirements and in-built pressures for industrial efficiency. PLC development is most advanced in the EU (for example, Germany and UK). Asia-Pacific is fast-growing due to higher industrialisation and smart manufacturing technologies. It is an interesting space, where the most prominent players are China and India. Latin America too is a growing region with opportunities as urbanization and infrastructure investments are increasing and they need strong automation solutions. Africa is not as flooded but could expand as economies grow.
Recent Developments
- The recent trends in the Programmable Logic Controller (PLC) market are impressive. Corporations now look at the incorporation of more cutting-edge technology such as Artificial Intelligence or IoT in their PLCs. This morphes automation work into a more agile, responsive flow.
- A second trend is cloud-based PLC systems. These systems provide data analytics, remote monitoring and control of the industrial process in real time. As companies try to minimise their manufacturing expenses, this has taken off.
- Additionally, companies are spending on PLC cybersecurity. As more and more cyber attacks focus on industrial systems, security measures that ensure operational integrity are critical.
- New partnerships between technology companies and established manufacturing companies are also forming. These partnerships try to take advantage of novel solutions that accelerate smart factory adoption all over the world.
Frequently Asked Questions (FAQ):
What is a Programmable Logic Controller (PLC)?
PLC (Programmable Logic Controller) is an industrial digital computer, which is used to monitor manufacturing. It does the same things for you by processing inputs and giving outputs, making life easy.
Why is a PLC different from relays?
In contrast to electromechanical relays, PLCs can be easily programmed. They don’t need rewiring to be repurposed for other uses.
Where are PLCs commonly used?
Automotive, food industry, pharmaceutical, chemical plants etc. All these use PLCs. They’re great for automation of any sort.
Why Should You Use A PLC?
They increase output by minimising downtime, process control accuracy, and real-time monitoring. This is all for better efficiency in general.
Can I connect a PLC to other systems?
Yes! These days, PLCs can be integrated with other systems such as SCADA or MES software, where devices can talk to each other for greater operational knowledge.
What will you get in full report ?
✓ Competitive & industry Benchmarking
✓ Determine latest trends & dynamics
✓ Business intelligence with quality and accuracy
✓ Discover regional growth opportunities
✓ Market shares & customer analysis
✓ Future commercial prospective
1 Programmable Logic Controller (PLC) Market Overview.
2. Research Method.
3.Programmable Logic Controller (PLC) Market Segmentation.
4. Driver Restraint Challenge and Opportunities of Programmable Logic Controller (PLC) Market.
4 . Growth Trends
- SWOT Analysis.
- PESTEL Analysis.
- PORTER’s Five Forces Analysis.
5. Executive Summary.
6. Key Findings.
7. Future Outlook .
8. Regional Analysis
- Global Programmable Logic Controller (PLC) Market.
- North America Programmable Logic Controller (PLC) Market.
- Europe Programmable Logic Controller (PLC) Market.
- Middle East & Africa Programmable Logic Controller (PLC) Market.
- Latin America Programmable Logic Controller (PLC) Market.
- Asia Pacific Programmable Logic Controller (PLC) Market.
7. Competitive Analysis & Landscape.
8. Company Profiles.
8. Conclusion.
9. Appendix.
10. Research Scope.
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Report Coverage
REPORT COVERAGE
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
SEGMENT COVERED
This report includes analysis of various market segments by type, application, and industry
REGIONAL SCOPE
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This report includes detailed analysis and forecasts for key countries within each region.