Authored By: Sarah
11 Jul 2024

 Programmable Logic Controller (PLC) Market to grow by USD 3825.67 million between 2024-2028

According to a research report “ Programmable Logic Controller (PLC) Market” by Product (Modular, Unitary, Rackmount) End-user (Process industry, Discrete industry, Building automation) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 3825.67 million at a CAGR of  4.56% during the forecast period. In the evolving industrial landscape, the Industrial Internet of Things (IIoT) or Industry 4.0 brings about substantial control design challenges for Programmable Logic Controllers (PLCs) in the market. Despite IIoT's advantages, such as real-time communication, reliability, and increased efficiency, the proliferation of IoT-enabled devices poses pricing concerns and the need for cost-effective factory automation solutions for manufacturers and system integrators..

Browse market data tables, figures, and in-depth TOC on “Programmable Logic Controller (PLC) Market” by Product (Modular, Unitary, Rackmount) End-user (Process industry, Discrete industry, Building automation) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028.

 View detailed Table of Content- Click here

By Product, the Modular segment is projected to dominate the market size in 2024.

The programmable logic controller (PLC) market is significantly driven by the process industry sector, particularly in applications within oil and gas, chemical and petrochemical, power, water and wastewater treatment, and food and beverage. In the oil and gas industry, PLCs are integral to upstream activities like drilling, mooring, and positioning, as well as midstream processes for monitoring oil or gas transportation spillage and leaks. Remote terminal units (RTUs), known for their rugged design, low power consumption, and compatibility with lower-bandwidth communication networks, are commonly utilized in the upstream oil and gas industry for SCADA-production site communication.

By End-user, Process industry  segment is expected to hold the largest market size for the year 2024.

In the Programmable Logic Controller (PLC) market, modular PLCs represent a versatile solution for businesses requiring customized controllers. Distinct modules enable tailored configurations, surpassing the limitations of unitary PLCs. Modular PLCs offer the advantage of expandability, accommodating multiple systems and enhancing functionality. Safety and security are ensured through cabinet installation or rail mounting. Despite their larger size and higher cost, modular PLCs are indispensable in industries with complex process control needs, such as manufacturing, where numerous inputs and outputs are essential.

APAC is forecasted to hold the largest market size by region in 2024.

The APAC region is set to witness substantial expansion in the Programmable Logic Controller (PLC) market. Key contributors to this growth include China, Japan, India, Vietnam, South Korea, Malaysia, and Australia. These countries' robust industrialization, expanding demand for motors, and substantial investments in power, water, wastewater treatment, and food processing industries are primary growth drivers. Government incentives, a solid industrial foundation, and escalating automobile manufacturing in the region further fuel the market's growth in the automotive sector.

The Programmable Logic Controller (PLC) Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • ABB Ltd.
  • Beckhoff Automation GmbH and Co. KG
  • Eaton Corp. Plc
  • Emerson Electric Co.
  • Ependion AB
  • Festo SE and Co. KG
  • Furukawa Electric Co. Ltd.
  • IDEC Corp.
  • Keyence Corp.
  • Lenze SE
  • Mitsubishi Electric Corp.
  • OMRON Corp.
  • Panasonic Holdings Corp.
  • Parker Hannifin Corp.
  • Robert Bosch GmbH
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corp.
  • Infineon Technologies AG
.

For insights on company offerings- Request a sample report!

Research Analysis Overview

In the realm of Information Technology, the Programmable Logic Controller (PLC) market plays a pivotal role in industrial automation. PLCs are essential components of industrial control systems, managing conveyor systems, packaging processes, and machine downtime in various industries, including the energy and steel sectors. These electronic devices exhibit multi-functionality, integrating switch boxes, relays, and even computer control systems. However, the integration of advanced technology in PLCs also brings cyber threats, such as phishing attacks, ransomware, and malware. Hackers often target Static RAM and Flash memory in PLCs, exploiting vulnerabilities in the Cortex-M4 core and dual-core microcontrollers. These cyber attacks can lead to errors in automated machines, potentially causing significant damage to industrial processes and output devices. Technicians must ensure robust security measures to protect PLCs from these threats. Regular updates, strong passwords, and firewalls are essential to safeguard these critical systems. By prioritizing cybersecurity, industries can maintain the reliability and efficiency of their automated machines and mitigate potential risks.

Market Research Overview

The Programmable Logic Controller (PLC) market encompasses various types of controllers, including Rack mounted, Compact, and Modular PLCs. These controllers play a crucial role in industries such as Healthcare, Food beverages, Energy utilities, Chemical, Aerospace defense, and IIoT systems. With the increasing focus on Industrial automation and the integration of Information Technology, PLCs have become essential components in various production processes and building systems. PLCs come in different sizes, from Large to Small, and offer various hardware capabilities such as Static RAM, Flash memory, Hardware JPEG accelerator, Chrom-ART accelerator, Floating-point unit (FPU), Arm Cortex-M4 core, and Arm Cortex-M7 core. They are used in various industries, including the Pulp and Paper industry, Food and Beverages industry, Oil and Gas industry, and Energy Power industry. PLCs are also used in training and service, and offer software capabilities such as Artificial intelligence (AI) and electrification of vehicles. They are used in automobile sales and auto assembly processes, and are subject to macroeconomic factors. Cloud-based controllers and PC-based controllers are also used in various applications, along with switch boxes, relays, and other output and input devices. However, with the increasing use of PLCs, there is also a growing threat from cyber attacks such as Industrial espionage, Phishing attacks, Ransomware, Malware, and other cyber threats. Therefore, it is essential to ensure the security of these systems to prevent errors and machine downtime.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio
Document