Programmable Logic Controller (PLC) Market Size, Share, Growth Analysis, By Type(Integrated or compact PLC, Modular PLC), By Solution(Hardware, Processor), By Industry vertical(Energy & Power, Automotive) - Industry Forecast 2024-2031

Based on region, global programmable logic controller market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. The Asia-Pacific region dominated the global programmable logic controller market, with revenue expected to rise at a 6% CAGR to USD 7 billion by 2028. The manufacturing sector is critical to China's economy. It is undergoing rapid transformation as a result of the recent expansion of IIoT as a result of global adoption of Industry 4.0 across industrial industries. This sea change has catapulted the country to the forefront of the global PLC market. As part of its advanced manufacturing push, China has recently announced a number of industrial policies. The guidelines help the country achieve its goal of becoming a high-tech superpower over the next quarter-century.

India's pharmaceutical industry is ahead of the curve in terms of automation, with major corporations such as Zydus Cadila, Torrent Pharma, and Cipla focusing on automating their medication production processes, particularly in areas requiring total integration of machines and equipment. The Europe region is expected to generate USD 5 billion in sales by 2028, accounting for the second-largest share of the global programmable logic controller market. Germany is a major global player in the production and consumption of renewable energy. The country's gross renewable energy generation in 2019 was 225.9 terawatt-hours, according to BDEW, with wind power accounting for the majority of that. PLCs are beneficial in wind turbines because they improve performance and reduce maintenance costs by allowing for more accurate sensor measurements.