Programmable Logic Controller (PLC) Market Demand, Growth and Business Opportunities 2024-2032

Written by stanley huds  »  Updated on: November 12th, 2024

Global Programmable Logic Controller (PLC) Industry: Key Statistics and Insights in 2024-2032

 

Summary:

  • The global programmable logic controller (PLC) market size reached USD 15.5 Billion in 2023.
  • The market is expected to reach USD 24.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.91% during 2024-2032.
  • Asia Pacific leads the market, accounting for the largest programmable logic controller (PLC) market share.
  • Hardware and software account for the majority of the market share in the type segment, as they ensure seamless control, monitoring, and customization.
  • On the basis of the end use industry, the market has been divided into automotive, energy and utilities, chemical and petrochemical, oil and gas, pulp and paper, pharmaceutical, water and wastewater treatment, food, tobacco and beverage, and others.
  • The rising integration of the Internet of Things (IoT) is a primary driver of the programmable logic controller (PLC) market.
  • Technological advancements and industrial automation are reshaping the programmable logic controller (PLC) market.
  • Industry Trends and Drivers:

  • Industrial automation:
  • Industrial automation can streamline processes and increase efficiency in manufacturing and other industrial operations. PLCs play a pivotal role by controlling and optimizing various machines and processes, leading to higher productivity. PLCs offer precise control over machinery and equipment. They can also execute complex sequences of operations with high accuracy, reducing human error and ensuring consistent output quality. Automation systems often require flexibility to accommodate changes in production or adapt to new product lines. PLCs can be easily programmed and reconfigured to meet evolving production needs, making them a versatile choice for automation.

  • Internet of things (IoT) integration:
  • Internet of things (IoT)-enabled PLCs facilitate real-time data monitoring of industrial processes. Sensors and devices collect data on various parameters, such as temperature, pressure, and machine performance. This data is then transmitted to the PLC, allowing for instant visibility into operations. PLCs integrated with IoT technology enable remote control and management of machinery and equipment. Operators can adjust or shut down processes remotely, improving operational efficiency and reducing the need for on-site presence. IoT sensors attached to equipment can provide data on machine health and performance.

  • Technological advancements:
  • PLCs are evolving with more powerful processors, enabling them to handle complex tasks and control a greater number of devices simultaneously. This processing power enhances their performance and capabilities. Modern PLCs support a wide range of communication protocols, including Ethernet/IP, OPC UA, and MQTT. This enables seamless integration with other automation systems, industrial networks, and the Industrial Internet of Things (IIoT). PLCs can also feature advanced human-machine interface (HMIs) with touchscreen displays and intuitive user interfaces.


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    Programmable Logic Controller (PLC) Market Report Segmentation:

    Breakup By Type:

  • Hardware and Software
  • Large PLC
  • Nano PLC
  • Small PLC
  • Medium PLC
  • Others
  • Services
  • Hardware and software represent the largest segment as they are essential components of PLC systems.

    Breakup By End Use Industry:

    Programmable Logic Controller (PLC) Market Segments 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
  • On the basis of end use industry, the market has been segmented into automotive, energy and utilities, chemical and petrochemical, oil and gas, pulp and paper, pharmaceutical, water and wastewater treatment, food, tobacco and beverage, and 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
  • Asia Pacific enjoys the leading position in the programmable logic controller (PLC) market due to the thriving manufacturing and industrial sectors.

    Top Programmable Logic Controller (PLC) Market Leaders:

    The programmable logic controller (PLC) market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

    Programmable Logic Controller (PLC) Market Key Players

  • 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
  • Toshiba Corporation
  • The programmable logic controller (PLC) market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

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