Global Programmable Logic Controller (PLC) Market Growth 2023-2029

Global Programmable Logic Controller (PLC) Market Growth 2023-2029

A programmable logic controller, PLC, is a digital computer used for automation of typically industrial electromechanical processes, such as control of machinery on factory assembly lines, amusement rides, or light fixtures. PLCs are used in many machines, in many industries. PLCs are designed for multiple arrangements of digital and analog inputs and outputs, extended temperature ranges, immunity to electrical noise, and resistance to vibration and impact. Programs to control machine operation are typically stored in battery-backed-up or non-volatile memory. A PLC is an example of a "hard" real-time system since output results must be produced in response to input conditions within a limited time, otherwise unintended operation will result.

LPI (LP Information)' newest research report, the “Programmable Logic Controller (PLC) Industry Forecast” looks at past sales and reviews total world Programmable Logic Controller (PLC) sales in 2022, providing a comprehensive analysis by region and market sector of projected Programmable Logic Controller (PLC) sales for 2023 through 2029. With Programmable Logic Controller (PLC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Programmable Logic Controller (PLC) industry.

This Insight Report provides a comprehensive analysis of the global Programmable Logic Controller (PLC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Programmable Logic Controller (PLC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Programmable Logic Controller (PLC) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Programmable Logic Controller (PLC) and breaks down the forecast by product size, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Programmable Logic Controller (PLC).

The global Programmable Logic Controller (PLC) market size is projected to grow from US$ 13270 million in 2022 to US$ 19350 million in 2029; it is expected to grow at a CAGR of 19350 from 2023 to 2029.

Global key players of programmable logic controller (PLC) include Siemens, Rockwell (A-B), Mitsubishi, etc. Top three players occupy for a share about 63%. Europe is the largest producer, holds a share around 35%, followed by North America and Japan, both holding a share about 24 percent. Asia-Pacific is the largest market, with a share about 37%, followed by Europe and North America, with share 34% and 23%, separately.

This report presents a comprehensive overview, market shares, and growth opportunities of Programmable Logic Controller (PLC) market by product product size, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by product size
Nano
Micro
Medium
Large

Segmentation by application
Steel Industry
Petrochemical and Gas Industry
Power Industry
Automobile Industry
Semiconductor Industry
Electrical And Electronics Industry
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Siemens
Rockwell (A-B)
Mitsubishi
Schneider (Modicon)
Omron
Emerson (GE Fanuc)
ABB (B&R)
Bosch Rexroth
Beckhoff
Fuji
Toshiba
Keyence
Idec
Panasonic
Koyo

Key Questions Addressed in this Report

What is the 10-year outlook for the global Programmable Logic Controller (PLC) market?

What factors are driving Programmable Logic Controller (PLC) market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Programmable Logic Controller (PLC) market opportunities vary by end market size?

How does Programmable Logic Controller (PLC) break out product size, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.