What is the Global market size of the Programmable Logic Controller (PLC) Market?

Global Programmable Logic Controller (PLC) Market size was valued at USD 11.6 billion in 2021 and is poised to grow from USD 12.69 billion in 2022 to USD 18.3 billion by 2030, growing at a CAGR of 5.4% in the forecast period (2023-2030).

Programmable Logic Controller (PLC) Market Size

Programmable Logic Controller (PLC) Market Insights

Programmable Logic Controller (PLC) Market size was valued at USD 12.69 Billion in 2023 and is poised to grow from USD 13.38 Billion in 2024 to USD 19.29 Billion by 2032, growing at a CAGR of 5.4% during the forecast period (2025-2032).

A programmable logic controller (PLC) is an industrial computer control system that continuously monitors the state of input devices and makes decisions based on a custom program to control the state of output devices. PLCs have become an essential device for automating manufacturing processes. PLCs are used in a variety of industries, including the automobile, steel, energy, and chemical industries. In industrial control systems, a PLC is an electronic device that monitors, controls, and manages building systems, production processes, and power. To meet the demand for harsh industrial environments, programmable logic controllers are designed to be extremely robust, often capable of withstanding extreme vibration, humidity, temperature, and electrical noise. A programmable logic controller (PLC) is an industrial computer control system that continuously monitors the state of input devices and makes decisions based on a custom program to control the state of output devices. PLCs have become an essential device for automating manufacturing processes. PLCs are used in a variety of industries, including the automobile, steel, energy, and chemical industries. In industrial control systems, a PLC is an electronic device that monitors, controls, and manages building systems, production processes, and power. To meet the demand for harsh industrial environments, programmable logic controllers are designed to be extremely robust, often capable of withstanding extreme vibration, humidity, temperature, and electrical noise.

US Programmable Logic Controller Market is poised to grow at a sustainable CAGR for the next forecast year.

FAQs

The global programmable logic controller market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective. 'Siemens AG (Germany) ', 'Rockwell Automation, Inc. (USA) ', 'Mitsubishi Electric Corporation (Japan) ', 'Schneider Electric SE (France) ', 'ABB Ltd (Switzerland) ', 'Omron Corporation (Japan) ', 'Honeywell International Inc. (USA) ', 'Panasonic Corporation (Japan) ', 'Emerson Electric Co. (USA) ', 'Hitachi, Ltd. (Japan) ', 'Toshiba International Corporation (Japan) ', 'Beckhoff Automation GmbH & Co. KG (Germany) ', 'B&R Industrial Automation GmbH (Austria) ', 'Bosch Rexroth AG (Germany) ', 'IDEC Corporation (Japan) ', 'Keyence Corporation (Japan) ', 'Phoenix Contact GmbH & Co. KG (Germany) ', 'Eaton Corporation PLC (Ireland) ', 'Delta Electronics, Inc. (Taiwan)'

Over the forecast period, the programmable logic controller market is expected to grow due to high demand for programmable logic controllers from various end-use industries. For example, OTEK Corporation launched its HI-TBS programmable logic controller (PLC) in July 2020, which combines ultra-bright LED technology with 0.1 percent accuracy to deliver a customizable digital panel meter for use in a wide range of industries.

Introduction of novel products by key players is expected to aid in the growth of the programmable logic controller market. For example, at a function held in ECIL's Homi J Bhabha Auditorium in May 2022, Electronics Corporation of India Limited (ECIL) launched the indigenous state-of-the-art Programmable Logic Controller (PLC) & Supervisory Control and Data Acquisition (SCADA) software for process automation systems.

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.