Programmable Logic Controller Market Forecasts to 2028 – Global Analysis By Type (Integrated or Compact PLC, Nano PLC, Small PLC, Medium PLC, Large PLC, Rackmount PLC, Modular PLC and Other Types), Solution, End User and By Geography

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,150	175 Pages	Stratistics Market Research Consulting	March, 2023	SMR17801316

Best Price Guarantee
Price	from $4,150
Length	175 Pages
Publisher	Stratistics Market Research Consulting
Published Date	March, 2023
SKU	SMR17801316

Programmable Logic Controller Market Forecasts to 2028 – Global Analysis By Type (Integrated or Compact PLC, Nano PLC, Small PLC, Medium PLC, Large PLC, Rackmount PLC, Modular PLC and Other Types), Solution, End User and By Geography

According to Stratistics MRC, the Global Programmable Logic Controller Market is accounted for $14.6 billion in 2022 and is expected to reach $22.8 billion by 2028 growing at a CAGR of 7.7% during the forecast period. Programmable logic controllers (PLCs) have greatly improved in terms of capability, usability, communications, and programming flexibility. To meet the demand for harsh industrial environments, these controllers are designed to be extremely robust, often capable of withstanding extreme temperatures, humidity, vibration, and electrical noise. Furthermore, several languages are used in PLC programming that are sequential function chart, ladder logic, and functional block diagrams.

According to the International Federation of Robotics (IFR), China's manufacturing robot density is now 9th in the world (246 units), up from 25th (49 units) five years ago. According to IFR, the operational stock of industrial robots is expected to reach 3,788 (in thousand units) by 2021, from 2,731 (in thousand units) in 2019.

Market Dynamics:

Driver:

Ease of use

Manufacturing operations, including assembly lines and robotic equipment, as well as any activity that requires high-reliability control, convenient programming, and process fault identification, are controlled by PLCs. Due to their extensive use and reliability, they offer consistent, precise, and adaptable control while being easy to use. Hence, these elements are fuelling market expansion.

Restraint:

Demand for customization of products

Industries have been shifting away from mass production and towards mass customisation as a result of modern consumers' need for customised items. Innovation has led to a dramatic increase in the complexity, personalization, and sophistication of products. Modern technology is revolutionising the way that parts are made for both industrial and automotive applications. Thus, these factors are restraining the growth of the market.

Opportunity:

High Usage of PLC

The programmable logic controller is useful in a variety of industries, including power, energy, automotive, oil & gas, and pharmaceuticals, due to its ability to work with high-voltage equipment. Furthermore, factors like the desire for compact automation solutions, the uptake of building and home automation systems, an increase in the market for IoT-connected home appliances, and the requirement for compact automation solutions will all contribute to the market's expansion.

Threat:

Risk of Security

The various vulnerabilities that plague programmable logic controllers have a significant impact on overall security. Thus, it is projected that the market will face a considerable challenge from the numerous security issues. A further significant barrier to the market's overall expansion is the higher expense associated with PLC expandability.

Covid-19 Impact

The demand for programmable logic controllers (PLC) from various industries has reduced as a result of the pandemic's effects on several industries, including oil and gas and automotive. The need for micro and nano programmable logic controllers (PLC) from industries including the pharmaceutical industry will, nonetheless, also support market growth throughout this period.

The Small PLC segment is expected to be the largest during the forecast period

The Small PLC segment is estimated to have a lucrative growth, due to usage of industrial robots. It is predicted that the increased usage of industrial robots for production automation would present profitable business opportunities. These tiny PLC units are frequently utilised in a variety of specialised applications, such as small machines with an emphasis on fundamental serial connections, and they are significantly less expensive than standard-sized PLCs. Hence, these are driving the growth of the segment.

The automotive segment is expected to have the highest CAGR during the forecast period

The automotive segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increasing automation in the manufacturing industries. Automobile manufacturers are focusing on a sharp increase in demand and are struggling to meet the demand as their operations are being hampered by longer turnaround times. The manufacturers are using automation in the production facilities to reduce turnaround times, which is driving the market growth.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the rapid growth of the industrial sector and increasing investment in automation solutions across various sectors. Process and discrete manufacturing automation have historically been built on these PLC systems. The market's rise was aided by the increasing adoption of Industry 4.0 across all industrial sectors.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the increasing demand for automation across the industries like automotive, food and beverages. The dominance is also maintained by smart manufacturing projects, which also make it easier for factory automation and intelligence to be widely adopted. The government is concentrating on the construction of smart cities, and over the projection period, there will be a considerable demand for industrial digital computers.

Key players in the market

Some of the key players profiled in the Programmable Logic Controller Market include ABB Ltd., Toshiba, Schneider Electric SE, Robert Bosch GmbH, Mitsubishi Electric Corporation, Eaton, Rockwell Automation, Inc., Koyo Electronics, Panasonic, Yokogawa, Fuji Electric, Keyence, Siemens AG, Omron Corporation, IDEC, Emerson Electric Co and Hitachi Ltd.

Key Developments:

In May 2022, Panasonic Industry presented one of its first motion controllers in its wide lineup: the GM1 includes features of motion operations with the functionality of a PLC like positioning, network modules, I/O modules, and a high-frequency counter in one compact controller.

In July 2021, a large programmable logic controller product was launched by Shanghai Besought Software Co Ltd in Shanghai, which is a key component in industrial control systems. The company stated that the release of the PLC product had made a breakthrough into the field

Types Covered:
• Integrated or Compact PLC
• Nano PLC
• Small PLC
• Medium PLC
• Large PLC
• Rackmount PLC
• Modular PLC
• Other Types

Solutions Covered:
• Power Supply
• Hardware
• Input/Output (I/O)
• Processor
• Service
• Software
• Training
• Maintenance
• Consulting
• Other Solutions

End Users Covered:
• Chemical and Petrochemical
• Food, Tobacco, and Beverage
• Pulp and Paper
• Automotive
• Water and Wastewater Treatment
• Energy and Utilities
• Pharmaceutical
• Oil and Gas
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

1 Executive Summary
2 Preface: 2.1 Abstract; 2.2 Stake Holders; 2.3 Research Scope; 2.4 Research Methodology; 2.4.1 Data Mining; 2.4.2 Data Analysis; 2.4.3 Data Validation; 2.4.4 Research Approach; 2.5 Research Sources; 2.5.1 Primary Research Sources; 2.5.2 Secondary Research Sources; 2.5.3 Assumptions
3 Market Trend Analysis: 3.1 Introduction; 3.2 Drivers; 3.3 Restraints; 3.4 Opportunities; 3.5 Threats; 3.6 End User Analysis; 3.7 Emerging Markets; 3.8 Impact of Covid-19
4 Porters Five Force Analysis: 4.1 Bargaining power of suppliers; 4.2 Bargaining power of buyers; 4.3 Threat of substitutes; 4.4 Threat of new entrants; 4.5 Competitive rivalry
5 Global Programmable Logic Controller Market, By Type: 5.1 Introduction; 5.2 Integrated or Compact PLC; 5.3 Nano PLC; 5.4 Small PLC; 5.5 Medium PLC; 5.6 Large PLC; 5.7 Rackmount PLC; 5.8 Modular PLC; 5.9 Other Types
6 Global Programmable Logic Controller Market, By Solution: 6.1 Introduction; 6.2 Power Supply; 6.3 Hardware; 6.4 Input/Output (I/O); 6.5 Processor; 6.6 Service; 6.7 Software; 6.8 Training; 6.9 Maintenance; 6.10 Consulting; 6.11 Other Solutions
7 Global Programmable Logic Controller Market, By End User: 7.1 Introduction; 7.2 Chemical and Petrochemical; 7.3 Food, Tobacco, and Beverage; 7.4 Pulp and Paper; 7.5 Automotive; 7.6 Water and Wastewater Treatment; 7.7 Energy and Utilities; 7.8 Pharmaceutical; 7.9 Oil and Gas; 7.10 Other End Users
8 Global Programmable Logic Controller Market, By Geography: 8.1 Introduction; 8.2 North America; 8.2.1 US; 8.2.2 Canada; 8.2.3 Mexico; 8.3 Europe; 8.3.1 Germany; 8.3.2 UK; 8.3.3 Italy; 8.3.4 France; 8.3.5 Spain; 8.3.6 Rest of Europe; 8.4 Asia Pacific; 8.4.1 Japan; 8.4.2 China; 8.4.3 India; 8.4.4 Australia; 8.4.5 New Zealand; 8.4.6 South Korea; 8.4.7 Rest of Asia Pacific; 8.5 South America; 8.5.1 Argentina; 8.5.2 Brazil; 8.5.3 Chile; 8.5.4 Rest of South America; 8.6 Middle East & Africa; 8.6.1 Saudi Arabia; 8.6.2 UAE; 8.6.3 Qatar; 8.6.4 South Africa; 8.6.5 Rest of Middle East & Africa
9 Key Developments: 9.1 Agreements, Partnerships, Collaborations and Joint Ventures; 9.2 Acquisitions & Mergers; 9.3 New Product Launch; 9.4 Expansions; 9.5 Other Key Strategies
10 Company Profiling: 10.1 ABB Ltd.; 10.2 Toshiba; 10.3 Schneider Electric SE; 10.4 Robert Bosch GmbH; 10.5 Mitsubishi Electric Corporation; 10.6 Eaton; 10.7 Rockwell Automation, Inc.; 10.8 Koyo Electronics; 10.9 Panasonic; 10.10 Yokogawa; 10.11 Fuji Electric; 10.12 Keyence; 10.13 Siemens AG; 10.14 Omron Corporation; 10.15 IDEC; 10.16 Emerson Electric Co; 10.17 Hitachi Ltd
List of Tables: Table 1 Global Programmable Logic Controller Market Outlook, By Region (2020-2028) ($MN); Table 2 Global Programmable Logic Controller Market Outlook, By Type (2020-2028) ($MN); Table 3 Global Programmable Logic Controller Market Outlook, By Integrated or Compact PLC (2020-2028) ($MN); Table 4 Global Programmable Logic Controller Market Outlook, By Nano PLC (2020-2028) ($MN); Table 5 Global Programmable Logic Controller Market Outlook, By Small PLC (2020-2028) ($MN); Table 6 Global Programmable Logic Controller Market Outlook, By Medium PLC (2020-2028) ($MN); Table 7 Global Programmable Logic Controller Market Outlook, By Large PLC (2020-2028) ($MN); Table 8 Global Programmable Logic Controller Market Outlook, By Rackmount PLC (2020-2028) ($MN); Table 9 Global Programmable Logic Controller Market Outlook, By Modular PLC (2020-2028) ($MN); Table 10 Global Programmable Logic Controller Market Outlook, By Other Types (2020-2028) ($MN); Table 11 Global Programmable Logic Controller Market Outlook, By Solution (2020-2028) ($MN); Table 12 Global Programmable Logic Controller Market Outlook, By Power Supply (2020-2028) ($MN); Table 10 Global Programmable Logic Controller Market Outlook, By Hardware (2020-2028) ($MN); Table 14 Global Programmable Logic Controller Market Outlook, By Input/Output (I/O) (2020-2028) ($MN); Table 15 Global Programmable Logic Controller Market Outlook, By Processor (2020-2028) ($MN); Table 16 Global Programmable Logic Controller Market Outlook, By Service (2020-2028) ($MN); Table 17 Global Programmable Logic Controller Market Outlook, By Software (2020-2028) ($MN); Table 18 Global Programmable Logic Controller Market Outlook, By Training (2020-2028) ($MN); Table 19 Global Programmable Logic Controller Market Outlook, By Maintenance (2020-2028) ($MN); Table 20 Global Programmable Logic Controller Market Outlook, By Consulting (2020-2028) ($MN); Table 21 Global Programmable Logic Controller Market Outlook, By Other Solutions (2020-2028) ($MN); Table 22 Global Programmable Logic Controller Market Outlook, By End User (2020-2028) ($MN); Table 23 Global Programmable Logic Controller Market Outlook, By Chemical and Petrochemical (2020-2028) ($MN); Table 24 Global Programmable Logic Controller Market Outlook, By Food, Tobacco, and Beverage (2020-2028) ($MN); Table 25 Global Programmable Logic Controller Market Outlook, By Pulp and Paper (2020-2028) ($MN); Table 26 Global Programmable Logic Controller Market Outlook, By Automotive (2020-2028) ($MN); Table 27 Global Programmable Logic Controller Market Outlook, By Water and Wastewater Treatment (2020-2028) ($MN); Table 28 Global Programmable Logic Controller Market Outlook, By Energy and Utilities (2020-2028) ($MN); Table 29 Global Programmable Logic Controller Market Outlook, By Pharmaceutical (2020-2028) ($MN); Table 30 Global Programmable Logic Controller Market Outlook, By Oil and Gas (2020-2028) ($MN); Table 31 Global Programmable Logic Controller Market Outlook, By Other End Users (2020-2028) ($MN); Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.