Global Programmable Logic Controller (PLC) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Programmable Logic Controller (PLC) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A programmable logic controller (PLC) is an industrial computer control system that continuously monitors the state of input devices and makes decisions based upon a custom program to control the state of output devices. These controllers can automate a specific process, machine function, or even an entire production line.

Market Overview:

The latest research study on the global Programmable Logic Controller (PLC) market finds that the global Programmable Logic Controller (PLC) market reached a value of USD 16194.34 million in 2022. It’s expected that the market will achieve USD 27455.58 million by 2028, exhibiting a CAGR of 9.2% during the forecast period.

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.

For the Programmable Logic Controller (PLC) industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

Compared with older technologies such as relay banks, Programmable Logic Controller (PLC) has more advantages.

PLC receives information from connected sensors or input devices, processes data, and triggers output according to pre-programmed parameters. According to the input and output, Programmable Logic Controller (PLC) can monitor and record runtime data, such as machine productivity or operating temperature, automatic start and stop process, alarm when the machine fails, and so on. Programmable logic controller (PLC) is a flexible and robust control solution, which is suitable for almost any application. Compared with older technologies such as relay banks, Programmable Logic Controller (PLC) is easier to troubleshoot and maintain, more reliable, more cost-effective and more versatile.

Competition in the industry is fierce

For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry. Having an understanding of industry rivals is vital to successfully market a product. Positioning pertains to how the public perceives a product and distinguishes it from competitors. A business must be aware of its competitors marketing strategy and pricing and also be reactive to any changes made. The Programmable Logic Controller (PLC) industry is facing a fierce competitive position. Many companies have been doing business in this industry. They pay more attention to R&D, product innovation, channel construction and customer relationship management, trying to gain greater market share and competitive advantage.

Compact size, Faster Processing Time and Cost Optimization

Technological advances, such as shrinking the size of processors, circuit boards and other components, are greatly changing the electronic industry. With the introduction of micro and Nano classes PLCs, these improvements began to affect PLCs. Although smaller, these new PLCs are equipped with faster processors, shorter cycle times, larger storage capacity and new communication enhancements.

Previously, the above functions were only the features of higher-level and mid-range PLC systems, but in response to market demand, many higher-end functions and features are being migrated to lower-end PLCs. This leads to the transformation from large PLC to small PLC, because even micro and nano classers can realize remote connectivity, Ethernet communication, onboard PID with auto-tune, motion control, and other control functions.

Region Overview:

In 2022, the share of the Programmable Logic Controller (PLC) market in Europe stood at 36.31%.

Company Overview:

Siemens is one of the major players operating in the Programmable Logic Controller (PLC) market, holding a share of 31.52% in 2023.

Siemens

Siemens AG is a German multinational conglomerate corporation and the largest industrial manufacturing company in Europe headquartered in Munich with branch offices abroad.

Rockwell (A-B)

Rockwell Automation, Inc. is an American provider of industrial automation whose brands include Allen-Bradley, FactoryTalk software and LifecycleIQ Services.

Segmentation Overview:

As for product types, the Medium segment held the largest market share in 2022.

Nano

Nano PLC have less than 15 I/O points.

Micro

Micro PLCs are the ones that have 15 to 256 I/O points. They are most commonly used in very small automation or control systems.

Medium

Medium PLC can control larger machines such as assembly lines and motors.

Large

Large PLC can control very large machines such as whole building blocks or power-producing turbines. It has high memory size, expanded communication ports, high processing speeds, and additional input/output devices.

Application Overview:

The market's largest segment by application is the segment Automobile Industry, with a market share of 24.36% in 2022.

Steel Industry

The PLC control system is used to control and adjust the parameters in the process of high strength steel production.

Petrochemical and Gas Industry

In petrochemical and gas industry, PLC use for valve switching for changeover of fuels, pilot light on or off, flame safety checking, oil filtering procedure, and more things.

Power Industry

PLC uses for the Smart Grid System to Monitor and Detect fault conditions. It is used in the Power Generation, Transmission, and Distribution System.

Automobile Industry

The production line of automobile is separated into welding, stamping, painting and assembly the four processes. Every process will be widespread use of PLC control.

Key Companies in the global Programmable Logic Controller (PLC) market covered in Chapter 3:

Siemens
Mitsubishi
Schneider (Modicon)
Fuji
Omron
Bosch Rexroth
Toshiba
Rockwell (A-B)
ABB (B&R)
Emerson (GE Fanuc)

In Chapter 4 and Chapter 14.2, on the basis of types, the Programmable Logic Controller (PLC) market from 2018 to 2029 is primarily split into:

Nano
Micro
Medium
Large

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Programmable Logic Controller (PLC) market from 2018 to 2029 covers:

Steel Industry
Petrochemical and Gas Industry
Power Industry
Automobile Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)