Programmable Logic Controller (PLC) Market 2022 Business Scenario - ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric SE

The Programmable Logic Controller (PLC) Market Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The programmable logic controller (PLC) market was valued at USD 11.21 billion in 2020 and is expected to reach USD 15.58 billion by 2027, at a CAGR of 5.3% over the forecast period (2022 - 2027).

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Top Leading Companies of Programmable Logic Controller (PLC) Market Market are ABB Ltd., Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation, Inc., Siemens AG, General Electric Co., Honeywell International Inc., Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, Emerson Electric Co. and others.

Industry News and Updates

April 2019 - Schneider Electric, announced the opening of its new office facility designed completely on an open office concept in Pune, Maharashtra. On the back of this expansion, the company aims to consolidate its leading position and revenues for its wide array of energy management products and solutions. This is an integrated facility of the company for all its business operations as well Design Engineering Center of ASCO Power Technologies, USA.

- Apr 2018 - Stäubli Robotics, one of the international players in robotics automation, and Schneider Electric has entered into a partnership by signing a long-term agreement to integrate customized Stäubli TS series, four-axis SCARA robots into Schneider Electric's EcoStruxure Machine architecture and platform.

- February 2018 - Mitsubishi Electric Corporation has completed construction of an integrated-automation factory for the production of vacuum interrupters and circuit breakers at its Power Distribution Systems Center in Marugame, Japan. The new factory is expected to deploy Mitsubishi Electric's e-Factory concept of integrated automation based on IoT technologies to achieve high efficiency, high productivity, and minimized cost.

Key Market Trends

North America Leads in Innovation and Demand

- The United States is estimated to hold a major share in North America owing to rise in industrial investment in the mining and oil & gas sectors, which fuelled the utilization of PLCs, thereby propelling the market growth. SCADA is widely applied in the upstream, midstream, and downstream oil and gas sectors in the United States. In the upstream sector, its role is often stereotyped as being largely in support of remote data transmission. However, due to the wide and varied use of SCADA , the demand of PLC will increase effectively.

- The dominance is also buoyed by smart manufacturing initiatives, such as the Smart Manufacturing Leadership Coalition (SMLC), that drives and facilitates the broad adoption of manufacturing intelligence and automation. The next generation of urban infrastructure is on the horizon and as the technologies of the Internet of Things has become increasingly high with Industry 4.0, one can soon expect to see local authorities relying on it to improve living, working and travelling conditions. The government is focusing is on smart city development and there will be a high demand of industrial digital computer in coming years.

Regional Outlook of Programmable Logic Controller (PLC) Market Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Programmable Logic Controller (PLC) Market Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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