Programmable Logic Controller (PLC) Market Size, Share, Analysis 2023-2028

The latest research study “Programmable Logic Controller (PLC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global programmable logic controller (PLC) market size reached US$ 14.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.38% during 2023-2028.

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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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 2023-2028 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
  • Market Outlook
  • 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.

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Programmable Logic Controller (PLC) Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Hardware and Software
        6.1.1 Market Trends
        6.1.2 Key Segments
  Large PLC
  Nano PLC
  Small PLC
  Medium PLC
        6.1.3 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by End Use Industry
    7.1    Automotive
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Energy and Utilities
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Chemical and Petrochemical
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Oil and Gas
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Pulp and Paper
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Pharmaceutical
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Water and Wastewater Treatment
        7.7.1 Market Trends
        7.7.2 Market Forecast
    7.8    Food, Tobacco and Beverage
        7.8.1 Market Trends
        7.8.2 Market Forecast
    7.9    Others
        7.9.1 Market Trends
        7.9.2 Market Forecast

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