IMARC Group, a leading market research company, has recently releases report titled “Programmable Logic Controller (PLC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The global programmable logic controller (PLC) market size reached US$ 14.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.38% during 2023-2028.
What is programmable logic controller (PLC)?
A programmable logic controller (PLC) refers to a ruggedized digital computer that processes input signals and executes control logic based on a pre-programmed set of instructions. It comprises compact, modular, and rack-mount PLCs, which are used in large-scale systems where multiple rack-mounted central processing units (CPUs) can be connected. It also consists of safety and soft PLCs, which run on standard computers, offering flexibility but with some limitations in ruggedness compared to hardware PLCs. It produces output signals to automate and control various industrial processes. It often supports various communication protocols for data exchange with other devices and systems, such as human-machine interfaces (HMIs) and supervisory control and data acquisition (SCADA) systems. It is reliable and can operate continuously in harsh industrial environments, reducing downtime and maintenance costs. It can be easily reprogrammed to adapt to changes in production requirements, making it ideal for dynamic manufacturing processes. It optimizes processes, reduces waste, and improves product quality, leading to cost savings and increased productivity.
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Programmable Logic Controller (PLC) Market Trends and Drivers:
At present, the increasing emphasis on automation and Industry 4.0 initiatives across various sectors, such as manufacturing, energy, and automotive, represents one of the crucial factors impelling the growth of the market. Besides this, PLCs are now incorporating internet of things (IoT) capabilities, allowing for real-time data exchange and remote monitoring, which enhances predictive maintenance and optimization of operations. In addition, the growing pursuit of energy efficiency and sustainability is driving the demand for PLCs in smart buildings. The capability of PLCs to optimize energy consumption, monitor environmental parameters, and control power distribution aligns with the growing global focus on environmental responsibility and regulatory compliance. Apart from this, the increasing adoption of open-source PLC platforms is gaining traction, allowing users to access and modify the PLC software to suit specific application requirements, thus fostering innovation and cost-effective solutions. Additionally, the rising concerns about cybersecurity breaches are encouraging PLC manufacturers to integrate enhanced security features, encryption protocols, and threat detection mechanisms to safeguard critical industrial processes from potential cyber threats.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- ABB Ltd.
- Delta Electronics Inc.
- Eaton Corporation plc
- Emerson Electric Co.
- Fuji Electric Co. Ltd.
- Hitachi Ltd.
- Honeywell International Inc.
- Mitsubishi Electric Corporation
- OMRON Corporation
- Panasonic Holdings Corporation
- Robert Bosch GmbH
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG and Toshiba Corporation.
Programmable Logic Controller (PLC) Market Segmentation:
Breakup by Type:
- Hardware and Software
- Large PLC
- Nano PLC
- Small PLC
- Medium PLC
- Others
- Services
Breakup by End Use Industry:
- Automotive
- Energy and Utilities
- Chemical and Petrochemical
- Oil and Gas
- Pulp and Paper
- Pharmaceutical
- Water and Wastewater Treatment
- Food, Tobacco and Beverage
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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