Programming Logic Controller (PLC) Market: Industry Analysis and Forecast

Programming Logic Controller (PLC) Market Definition/ Overview

PLCs (Programmable Logic Controllers) are used in industrial automation to control the movement of machines in a production line. Even with the emergence of new technologies such as Process Automation Controllers (PACs) and other modern computer-based controls, Programmable Logic Controllers have been a vital part of automation and control systems across many sectors. PLCs are widely used in industry, and they aid in the elimination of hard wiring associated with traditional relay control circuits, hence increasing productivity. The gap between the functional capabilities of discrete control systems and Programmable Logic Controllers (PLC) has been bridged due to the constant emphasis on product innovation in industrial automation.

 

 

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Programming Logic Controller (PLC) Market Dynamics:

• Technological advancements in manufacturing industry - With the technological advancements in manufacturing industry, the industry is becoming more and more automatic which are run by Artificial intelligence and Machine learning and to operate these complex automatic machineries and robots, huge and high-capacity computers are needed and PLCs become important for proper functioning of these automatic machineries in the manufacturing industry. This is one of the greatest factors driving the growth of the Programming Logic Controller (PLC) Market.

 

• Increased deployments of programmable logic controller system in automotive industry – Automotive industry is becoming more advance with the introduction of Electric Vehicles and these EVs have high intelligence that they can run on roads on their own called the self-driving mode and these high-tech modes need great programming in AI and ML and the Programming Logic Controller (PLC) helps in controlling that so this is also propelling the growth of Programming Logic Controller (PLC) Market.

 

• Growing customer demand for intelligent machines – The demand for intelligent machines like washing machines, Smart TVs, Smart homes appliances or we can say Internet of Things (IOT) products has been increased rapidly and these devices are very high-tech with sensors sensing voice, motion, temperature, etc. and getting commands through those actions. These devices need Programming Logic Controller (PLC) for proper functioning. This also drives the Programming Logic Controller (PLC) Market.

 

• Presence of Substitutes – There are many substitutes of Programming Logic Controller (PLC) presented in the market like Programmable Automation Controller (PAC), Soft PLC, Embedded Controller, Industrial Pc, Smart Relays, Ethernet Modules, Remote Telemetry Units (RTUs), etc. which hamper the market growth of Programming Logic Controller (PLC) Market.

 

• High cost of adopting PLC – The systems in which Programming Logic Controller (PLC) are used, are used in high-end and large-scale industries and need high resistance to external factors like dust, sun, etc. so they are very high quality and also high maintenance and the cost of a single Programming Logic Controller (PLC) is also very high which makes it very costly for anybody to adopt these types of systems. This is one of the restraints in the growth of the Programming Logic Controller (PLC) Market.

 

• Lack od skilled Labour - Programming Logic Controller (PLC) need skilled people to operate who know the use of a Programming Logic Controller (PLC) and know how to make the most out of it to keep the automation of any machinery as efficient as possible. This might be one of the hinderance in the growth of Programming Logic Controller (PLC) Market.

 

Programming Logic Controller (PLC) Market Segment Analysis:

By Type, the Programming Logic Controller (PLC) Market is segmented as Modular PLC, Compact PLC, and Rock Mount PLC. Modular PLC dominates the Programming Logic Controller (PLC) Market with the market share of 42% in the year of 2023. In medium to large-scale industries, modular PLCs are used. Increased demand for automation solutions in a variety of industries, particularly manufacturing, as well as other diverse applications among home and building automation end-users, are the segment's main growth drivers and that’s why they have such large market share with them.

 

Compact PLC has the market share of 33% in 2023 as it is used in small-scale industries and are in high demand of people operating small manufacturing units and is also used in household devices like washing machines, TVs, smart devices, etc. Rock Mount PLC has least market share of 25% in 2023. Rackmount PLCs are primarily used in the manufacturing industry because they are capable of operating in harsh industrial environments. They're typically employed in the mining and oil industries, as well as automation systems, where there's a lot of intricacy.

 

 

By End-users, the Programming Logic Controller (PLC) Market is segmented as Automotive, Chemical, Paper & Pulp, Food & Beverages, Oil & Gas. Automotive dominates the Programming Logic Controller (PLC) Market with the market share of 26% in the year of 2023 followed by Chemicals with the market share of 23% in 2023 and Oil & Gas with 20% market share in 2023. Food & Beverages has the market share of 17% and last is Paper & Pulp with 14% market share in 2023.

 

The automotive manufacturing business uses a high level of automation technology and product manufacturing, which increases the possibility of PLC applications. PLCs are used in the chemical industry to implement load management processes in real time. The Oil & Gas industries require frequent inspections due to the high likelihood of errors during measuring and other stages. As a result, automation technology simplifies and streamlines the process, enhancing reliability and reducing the risk of human error.

 

PLCs are used in the food & beverages sector as part of the automation of the production line. They have not only changed the way assembly lines are controlled or sequenced, but they have also increased the efficiency of the production process.

 

 

Programming Logic Controller (PLC) Market Regional Insights

North America dominates the Programming Logic Controller (PLC) Market due to presence of 25% in the year of 2023 owing to automation in many industries like automotive, food & beverages, etc. and this region has many manufacturing units using Programming Logic Controller (PLC) for automation. Also, North America has one of the largest defence items manufacturing markets so the use of Programming Logic Controller (PLC) gets higher.

 

Asia Pacific comes second with the market share of 23% in 2023 because of large countries like China, India, Japan, Australia, etc. with largest amount of manufacturing units. Also, this region is home to high-end tech-savvy population so the demand of PLC is also quite high.

 

Europe is 3^rd with the market share of 20% in 2023 as there are many mines which need Programming Logic Controller (PLC) and presence of largest automotive manufacturers like Ford and Volkswagen. Middle East & Africa has the market share of 18% in 2023 as the Oil & Gas Market is huge here in this region and they need Programming Logic Controller (PLC) for smooth operation of these plants and refineries. And the craze of super and hyper cars in this region’s population is quite high that escalates the demand of Programming Logic Controller (PLC) and growth of Programming Logic Controller (PLC) Market in this region. Last is South America with the market share of 14% in 2023.

 

 

In the report, Porter’s Five Forces model is used which gives us help to design the business strategies in the market. It tells us about our competition and the buyers which are the 2 most influencing factors for our company. It tells that how buyers are will or will not gain more bargaining powers than the suppliers and also the difficulty level for another company to enter the industry or for a company to exit it.

 

 

The report also has PESTEL analysis, which gives an overview of the whole business and its strategies. Political angles help in analysing the role of govt. in the shaving industry and economics obviously influence it to the core. Social and Environmental analysis helps in understanding the future of the company and hance helps in making decisions for the future. Technological factors help in analysing the production aids that we can give to the company. And legal analysis helps in smooth functioning without any legal hindrance.

 

Programming Logic Controller (PLC) Market Scope:

Programming Logic Controller (PLC) Market
Market Size in 2023	USD 42.22 Mn.
Market Size in 2030	USD 59.41 Mn.
CAGR (2024-2030)	5 Percent
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Type Modular PLC Compact PLC Rock Mount PLC
	by Application Automotive Chemical Food & Beverages Oil & Gas Paper & Pulp
Regional Scope	North America- United States, Canada, and Mexico   Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Programming Logic Controller (PLC) Market Key Players

• Siemens (Germany)
• Rockwell(A-B) (US)
• Mitsubishi (Japan)
• Schneider (Modicon) (France)
• Omron (Japan)
• Emerson (GE Fanuc) (US)
• ABB(BandR) (Sweden)
• Bosch Rexroth (Germany)
• Beckhoff (Germany)
• Fuji (Japan)
• Toshiba (Japan)
• Keyence (Japan)
• Idec (Japan)
• Panasonic (Japan)