Programmable Logic Controller (PLC) Market Size, Share by Manufacturers, Forecast 2023-2028

How Big is The PLC Market?

The latest research study "Programmable Logic Controller (PLC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" by IMARC Group, finds that the global programmable logic controller (PLC) market size reached US$ 14.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.38% during 2023-2028.

A programmable logic controller (PLC) is an electronic device designed for monitoring, controlling, managing, and automating industrial electromechanical processes. It consists of various components, including a central processing unit (CPU), a power supply processor, and input/output (I/O) sections. PLCs operate independently, overseeing and optimizing operations without human intervention. They contribute to improved reliability, flexibility, faster response times, and simplified troubleshooting, among other benefits. As a result, PLCs have a wide range of applications in industries such as automotive, chemicals, petrochemicals, paper and pulp, food and beverage (F&B), and oil and gas.

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Programmable Logic Controller (PLC) Market Trends and Drivers:

The programmable logic controller (PLC) market is experiencing significant growth primarily due to the increasing demand for industrial automation solutions, which encompass security monitoring, energy consumption management, and automated production lines. Additionally, the ruggedness and resilience of PLCs, allowing them to operate effectively in harsh industrial environments characterized by high temperatures, humidity, vibrations, and electrical noise, contribute to market expansion. Furthermore, the integration of machine-to-machine (M2M) communication, smart sensors, and cybersecurity technologies into PLC systems, facilitating seamless automation and enhanced operational efficiency, serves as another key driver of market growth. Manufacturers are also responding to rising demands by developing compact automation solutions with advanced features, cost-effectiveness, and interoperability to meet the need for improved control, secure connectivity, and enhanced performance. These factors are further propelling the global PLC market. Moreover, the expanding automotive sector, significant research and development (R&D) efforts, and government initiatives focused on sustainable smart city construction are expected to drive the PLC market in the foreseeable future.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• ABB Ltd.
• Delta Electronics Inc.
• Eaton Corporation plc
• Emerson Electric Co.
• Fuji Electric Co. Ltd.
• Hitachi Ltd.
• Honeywell International Inc.
• Mitsubishi Electric Corporation
• OMRON Corporation
• Panasonic Holdings Corporation
• Robert Bosch GmbH
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG and Toshiba Corporation.

The report has segmented the market on the basis of type and end use industry.

Breakup by Type:
• Hardware and Software
o Large PLC
o Nano PLC
o Small PLC
o Medium PLC
o Others
• Services

Breakup by End Use Industry:
• Automotive
• Energy and Utilities
• Chemical and Petrochemical
• Oil and Gas
• Pulp and Paper
• Pharmaceutical
• Water and Wastewater Treatment
• Food, Tobacco and Beverage
• Others

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Key highlights of the report:
• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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