Press release
Programmable Logic Controller Market to Reach USD 17.57 Bn by 2029, emerging at a CAGR of 5 percent and forecast 2023-2029
Programmable Logic Controller Market
This report offers a comprehensive exploration of the PLC Market, highlighting crucial growth drivers, trends, and challenges. It also includes regional insights into market dynamics and trends.
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Programmable Logic Controller Market Research Methodology:
The report is based on a meticulous research methodology that combines primary and secondary data sources, offering both qualitative and quantitative data.
What are Programmable Logic Controller Market Dynamics:
Several factors are contributing to the growth of the PLC Market. Automation in various industries is a prime driver, as it enhances process efficiency, reduces human intervention, and optimizes resource utilization. PLC systems are widely used in industries for controlling manufacturing processes, assembly lines, and robotic devices. They can swiftly identify and rectify errors, reducing downtime and enhancing manufacturing efficiency. Mass customization in industries is another driver as personalized products necessitate more flexible systems. Despite alternatives such as PC-based and cloud-based controllers, PLCs remain popular due to their scalability, ease of programming, and high-reliability control. Additionally, the demand for energy efficiency is fostering PLC adoption, given their ability to optimize energy usage and reduce consumption, thereby enhancing efficiency and cutting costs.
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What is Programmable Logic Controller Market Segmentation:
by Type
1.Modular PLC
2.Compact PLC
3.Rackmount PLC
4.Large PLC
by Technology
1.Traditional
2.Safety
3.Hybrid
by End-User
1.Automotive
2.Chemical & Petrochemical
3.Energy & Power
4.Food & Beverage
5.Oil & Gas
6.Others
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Who are Programmable Logic Controller Market Key Players:
North America
1. Rockwell Automation Inc.
2. General Electric Company
3. Honeywell International Inc.
4. Eaton Corporation PLC
5. Emerson Electric Co.
Europ
6. Siemens AG
7. ABB Ltd.
8. Schneider Electric SE
9. Bosch Rexroth AG
10. Beckhoff Automation GmbH & Co. KG
11. WAGO Kontakttechnik GmbH & Co. KG
12. Danfoss A/S
13. B&R Industrial Automation GmbH
14. IDEMIA France SAS
Asia Pacific
15. Mitsubishi Electric Corporation
16. Panasonic Corporation
17. Omron Corporation
18. Hitachi, Ltd.
19. Toshiba Corporation
20. Delta Electronics Inc.
21. Yokogawa Electric Corporation
22. Fuji Electric Co., Ltd.
23. IDEC Corporation
24. Advantech Co. Ltd.
25. Yaskawa Electric Corporation.
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Table of content for the Programmable Logic Controller Market includes:
Programmable Logic Controller Market : Research Methodology
Programmable Logic Controller Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Programmable Logic Controller Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Programmable Logic Controller Market Regional Insights:
Asia-Pacific: The Asia-Pacific region is expected to experience the highest PLC Market growth. Demand for automation across industries like automotive, food and beverage, electronics, and semiconductors drives this expansion. Key countries in the region include China, Japan, and India, which collectively held about 33.8% of the global PLC market share in 2021.
North America: North America is poised to hold the largest market share. Major players like Rockwell Automation, Honeywell International, and Schneider Electric operate in the region, with the United States accounting for the majority of the market share. In 2021, North America held approximately 28.4% of the PLC market share.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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Programmable Logic Controller (PLC) technology is not recent in the industry, and is still in usage at a great extent by manufacturing companies. Programmable Logic Controller smoothens the mechanical automation process in manufacturing units and construction buildings. Due to its dynamic development, sequential control, counters and timers, ease of programming, reliable controlling capabilities, and ease of hardware usage; Programmable Logic Controllers are also utilized in various control system areas.
Market Overview:
Programmable…
