Which region is expected to lead the Programmable Logic Controller market through 2028?

North America is expected to account for largest revenue share among the regional markets in the global Programmable Logic Controller market over the forecast period due to increasing investment in industrial, oil & gas, and mining sectors in countries in the region, which will in turn drive demand for PLCs. Read More

Programmable Logic Controller (PLC) Market Demand & Insight by 2028

Q: Which are is the major factor expected to drive global PLC market through 2028?

Market growth is driven by increasing focus on enhancing reliability, flexibility, and accuracy of automation systems. REQUEST FREE SAMPLE

Q: Which product type segment is expected to register robust revenue growth rate over the forecast period?

The nano-PLC segment is expected to register fastest revenue growth rate over the forecast period. Read More

Q: What are some restraining factors for market growth over the forecast period?

Some of the key factors restraining adoption of PLCs include difficulty in connecting wires, component replacements, and finding errors. Read More

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Market Summary:

The Programmable Logic Controller (PLC) market size was USD 11.21 billion in 2020 and is expected to reach USD 17.34 billion in 2028 and register a revenue CAGR of 5.5% over the forecast period. Market revenue growth is primarily driven by increasing focus on enhancing reliability, flexibility, and accuracy of automation systems.

Programmable Logic Controllers (PLCs) offer benefits such as dynamic development, counters and timers, sequential control, reliable controlling capabilities, ease of hardware usage, and ease of programming. PLCs are extensively utilized in industries, and help in eliminating hard wiring associated with conventional relay control circuits. These controllers are commonly used in commercial applications such as in washing machines, for controlling elevators, and in traffic signal operation systems. These factors along with extensive utilization in manufacturing industries to monitor and control production processes and building systems is expected to continue to support market growth going ahead.

Market Dynamics:
Drivers:

The PLCs are used extensively across aerospace & defense, automotive, food & beverage, petroleum & chemicals, textile, pharmaceuticals, Plastics, printing, manufacturing industries, and others. Major demand for programmable logic controllers from the automotive industry due to high requirement for advanced levels of automation in production processes will continue to drive market growth to a significant extent; supported by rapid increase in demand for vehicles over the forecast period.

The production line of automobile is separated into welding, stamping, painting, and streamlining of the four processes together. Each process entails use of PLC control, and a number of automotive companies are expanding manufacturing and production facilities, and this is expected to drive market growth to a significant extent going ahead. Moreover, development of customized programmable logic controllers for application in various industries will open up major opportunities for PLC manufacturers in the coming years.

Restraint:

Some key factors restraining adoption of PLCs include difficulty in connecting wires, component replacements, and finding errors. If a problem occurs in a PLC, hold-up time is indefinite. Gradual increase in complexity of industrial control software may negatively impact programmable logic controller market growth to some extent.

Market Insights:
Type Outlook:

Based on type, the nano-PLC segment is expected to register fastest revenue growth rate over the forecast period due to rising trend of miniaturization of machinery. Surging demand for compact consumer electronics goods is also expected to support market growth to a significant extent.

End-use Outlook:

Based on end-use, the Petrochemical & gas sector is expected to create huge opportunities for the PLC market expansion in the coming years. Increasing adoption of these components to address the challenges regarding monitoring leaks and spillage in the transportation of oil & gas will boost segmental growth over the forecast period.

Regional Outlook:

In the regional landscape, North America is expected to lead the global Programmable Logic Controller market over the analysis period on account of rise in industrial investment in the oil & gas and mining and sectors by the region which has fuelled the utilization of PLCs.

Extensive utilization of control systems for the upstream, midstream, and downstream oil and gas sectors is influencing the demand of PLC, which will further boost regional industry growth in the coming years.

The Asia Pacific region is expected to gain major traction through 2028 on account increasing focus of industries on automation in the region. Expanding electronics manufacturing in the region, particularly in China will foster PLC market size over the forecast period.

Companies Profiled in the Study:

Prominent players in the global Programmable Logic Controller (PLC) market are Rockwell (A-B), Panasonic, Yokogawa, Toshiba, Idec, Maxim, Schneider (Modicon), Koyo, Siemens, Bosch Rexroth, IPM, GE Fanuc, B&R Industrial, and TI among others.

Segments covered in the report:

This report offers historical data points and forecasts and revenue growth at a global, regional, and country level, and provides analysis, industry trends, and consumption pattern details for each region, major country, and segment from 2018 to 2028. The Programmable Logic Controller (PLC) market report includes industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and market share contribution by each regional and country market. In addition, the report offers industry analysis, competitive landscape, company financials, and impact analysis. The report includes a detailed view of the Programmable Logic Controller (PLC) market along with changing dynamics and trends, scenarios, detailed market and regional segmentation, regional landscape, analysis and evaluation, major investments, product offerings, product launches, and details of historical, current, and projected revenues.

For the purpose of this report, Reports and Data has segmented the global Programmable Logic Controller (PLC) market on the basis of type, end-use, and region: