Programmable Logic Controller (PLC) Market: Shows Incredible Revenue Growth By 2030 | Rockwell Automation, Siemens AG, Honeywell International Inc.

The Programmable Logic Controller (PLC) market is expected to grow significantly in the coming years, driven by the increasing demand for automation in various industries. The market is characterized by the presence of several major players, such as Siemens AG, ABB Ltd., Schneider Electric SE, Mitsubishi Electric Corporation, and Rockwell Automation, Inc. These players are constantly innovating and introducing new products to cater to the evolving needs of end-users. The Asia Pacific region is expected to witness the highest growth rate in the market due to the increasing industrialization in countries such as China, India, and Japan. The growing demand for energy-efficient solutions, advancements in the internet of things (IoT) technology, and the adoption of Industry 4.0 are some of the major trends driving the growth of the PLC market.

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Key Players:

The key players operating the global programmable logic controller (PLC) market involves ABB Ltd., Mitsubishi Electric Corporation, Rockwell Automation, Siemens AG, Honeywell International Inc., Schneider Electric SE, Omron Corporation, Panasonic Corporation, Robert Bosch GmbH, and Emerson Electric Co. (GE). Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in June 2018, Siemens AG building technologies strengthened its digital portfolio by acquiring Building Robotics Inc., the creator of Compfy. This acquisition extends its leadership in smart buildings.

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Segmentation:

On the basis of type, the global programmable logic controller (PLC) market is segmented into Hardware & software and services. Hardware & software type segment is further divided into nano PLC, small PLC, medium PLC, large PLC, and other types. Based on end-user, the target market is classified into food, tobacco, & beverage, automotive, chemical & petrochemical, energy & utilities, pharmaceuticals, pulp & paper, oil & gas, water & wastewater treatment, and other end-user industries. Automotive end-user industry is dominating the target market, owing to the increasing automation in the manufacturing industries. The automobile manufacturers are concentrating on severe demand influx and are finding it difficult to cater to the requirements with growing turn-around time hampering their businesses. To recover the turn-around time, the producers are implementing automation in the manufacturing facilities, thus boosting the PLC market growth in the sector.
Based on type, the PLC market can be divided into:

 Nano PLCs
 Micro PLCs
 Small PLCs
 Medium PLCs
 Large PLCs
Based on end-user industry, the PLC market can be segmented into:

 Automotive
 Oil and gas
 Pharmaceuticals
 Food and beverage
 Chemicals
 Power generation
 Water and wastewater treatment
 Mining and metals
 Others
Based on region, the PLC market can be segmented into:

 North America
 Europe
 Asia Pacific
 Latin America
 Middle East and Africa
Each of these segments represents a different market opportunity for PLC manufacturers and suppliers. The type of PLC required, the industry it is being used in, and the geographical location can all impact the specific needs and demands of end-users, thereby affecting the growth of the PLC market in each segment.

• FORMAT : PDF
• NO OF PAGES : 168
• BASE YEAR : 2022

Key Questions answered in the report:

1. What is the scope of the market research report?
Answer - The Programmable Logic Controller (PLC) Market is segmented into type, end-user industry and region.

2. What are the growing factors related with the market Global Programmable Logic Controller (PLC) Market growth?
Answer - The use of intelligent machine tools to increase productivity is increasing as the industrial manufacturing industry grows.

3. What are the regions considered in the report & which region will dominate the market?
Answer - By region, The U.S. is accounted to hold a major share in North America due to rise in industrial investment in the mining and oil & gas sectors, thereby driving the global market growth.

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