The global PLC market is expected to grow at a CAGR of more than 8.2% during 2016 - 2022

The global programmable logic controllers (PLC) market is expected to cross $46 billion by 2022. Establishment of semiconductor fabs and electronic assembly units in the Asian economies of Japan, South Korea, Taiwan and China that involve the highest degree of automation is set to increase the demand for PLCs. The US is the world’s largest market for PLCs, driven by a high degree of automation, better availability of range and awareness, followed by China. The modular PLC segment continues to witness maximum growth and will remain the dominant segment.

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The competitive rivalry among vendors can be termed as moderate.

While some vendors stay focused on certain end-users such as industrial automation, marine, and rail, many vendors have an extended product portfolio along with a wide array of integrable accessories and customization options.

Major vendors in the market are as followings

Schneider Electric
Rockwell Automation
Siemens
Mitsubishi
Omron

Other prominent vendors include ABB, General Electric, Toshiba, Kontron, Honeywell, Panasonic, Bosch Rexroth, Eaton, Emerson Electric, and Yokogawa.

Automotive sector to remain as the largest end-user segment

The modular programmable logic controllers segment is expected to remain the largest segment as it is expected to contribute the maximum revenue and will witness maximum CAGR growth. Increased requirement for automation solutions in various industries, especially in manufacturing and varied applications among home and building automation end-users are some of the major growth boosters for this segment in the global PLC market.

Rackmount programmable logic controllers are also expected to witness growth during the forecast period. In the End-user segment, the automotive segment is expected to remain the largest end-user segment, followed by chemicals and petro-chemical segments.

The US is the world’s largest market for programmable logic controllers

There has been a high degree of correlation observed with the extent of industrialization, availability, and investments in the public and private infrastructure and associated private and government spending on automation, constituting a major boost to the demand for PLCs. In 2022, the North America region is expected to dominate the market. The demand for programmable logic controllers in the region is driven by high advantages offered by PLCs over conventional products, better product availability, and extensive reach of innovative products. North America is followed by APAC. China hosts some of the largest PLC manufacturers in the world. The PLC market in Europe is largely driven by the demand from key end-user industries in Germany, the UK, and France.

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Source: Arizton Advisory & Intelligence

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