Programmable Logic Controller (PLC) Market Global Size, Growth, Trends and Demand with Outlook 2021-2030

The Programmable Logic Controller (PLC) Market size was valued at USD 12.52 billion in 2021 and is predicted to reach USD 22.17 billion by 2030 with a CAGR of 6.0% from 2022-2030.

PLC is a type of specialized microprocessor-based controller that continuously monitors the state of input devices and makes decisions based upon a custom program to control the state of output devices. It controls and improves its operation independently without any human supervision. It can store instructions, and execute functions like logics, counting, timing and sequencing to control machines and process. It consists of three major components such as processor, power supply, and the input/output section. Also, popular languages used in the PLC programming are sequential function chart, functional block diagrams, and ladder diagram among others.

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Competitive Landscape

The market comprises of various players such as are Siemens, Hitachi Ltd, Rockwell Automation, OMRON, Panasonic, Honeywell, Mitsubishi Electric, Delta Electronics, Electronics and Yokogawa, ABB, and Beckhoff Automation. These manufacturers are actively indulging in R&D initiatives, product & technology innovations, and industrial collaborations to enhance their product and increase their growth and geographical reach. For instance, in January 2020, Hitachi Ltd, acquired a robotic system integrated provider JR automation. The main aim of this acquisition was to provide seamless integration process to its customers. In July 2021, Siemens’ Simatic PCS 7 PLC system was selected by GEO Specialty Chemicals in order to propel the production capabilities at its new facility in Hythe, U.K.

Market Segmentations and Scope of the Study:

The programmable logic controller market has been segmented based on type, end-use, and geography. Based on type, the market is bifurcated into integrated/compact plc, modular plc, and rackmount plc. Based on end user, the market is divided into automotive, chemical, paper & pulp, energy & power, oil & gas, pharmaceutical, food & beverages, and others. Geographic breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW.

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Geographical Analysis

North America region holds the lion share of programmable logic controller market and is expected to continue dominating the market during the forecast period. This is attributed to the rising investments in the oil & gas, mining, food and beverages, as well as paper and pulp industries.

However, Asia Pacific is expected to show a steady rise in the programmable logic controller market due to the increasing focus of industries towards automation in this region. Also, expanding electronics manufacturing, particularly in China will foster Asia-Pacific PLC market size over the forecast period. Moreover, Japan is witnessing rise in the adoption of programmable logic controller due to various government initiatives such as Japan society 5.0, in order to boost the adoption of industry 4.0, which in turn is generating demand for electronics components in this region.

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