Global Programmable Logic Controller (PLC) Market 2024-2028
The programmable logic controller (PLC) market is forecasted to grow by USD 3825.67 mn during 2023-2028, accelerating at a CAGR of 4.56% during the forecast period. The report on the programmable logic controller (PLC) market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for compact automation solutions, demand for plcs in renewable power generation, and need for plcs in smart factories.
Technavio's programmable logic controller (PLC) market is segmented as below:
By Product
By End-user
- Process industry
- Discrete industry
- Building automation
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the increasing focus on expanding capability of micro-plcs as one of the prime reasons driving the programmable logic controller (PLC) market growth during the next few years. Also, simplification of software designing process and introduction of soc fpgas in plc architecture will lead to sizable demand in the market.
The report on the programmable logic controller (PLC) market covers the following areas:
- Programmable logic controller (PLC) market sizing
- Programmable logic controller (PLC) market forecast
- Programmable logic controller (PLC) market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading programmable logic controller (PLC) market vendors that include ABB Ltd., Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co., Ependion AB, Festo SE and Co. KG, Furukawa Electric Co. Ltd., IDEC Corp., Keyence Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Infineon Technologies AG. Also, the programmable logic controller (PLC) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.