Latest News- Programmable Logic Controller (PLC) Market: Modular is expected to lead the Product segment during 2025-2029

The Programmable Logic Controller (PLC) Market is being driven by Increasing demand for compact automation solutions

The Programmable Logic Controller (PLC) Market is expected to grow at a CAGR of 3.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3.01 billion. Micro Programmable Logic Controllers (PLCs), also known as Compact or Mini PLCs, have gained significant traction in the process and discrete industries for controlling standalone machinery. Their advantages, including programming flexibility, user-friendly interface, communication capabilities, and cost-effectiveness compared to traditional PLCs, have fueled their widespread adoption. Initially, micro-PLCs were engineered for small machinery with basic serial communication requirements. However, technological advancements have led vendors to develop more sophisticated micro-PLCs, capable of controlling large machines with high-speed communication, expansive program memory, and the ability to support multiple communication protocols. These enhancements have expanded the industrial applications of micro-PLCs. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Modular
  • Unitary
  • Rackmount
• End-user
  • Process industry
  • Discrete industry
  • Building automation
• Type
  • Hardware
  • Software
  • Hardware
  • Software
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for compact automation solutions
• Demand for PLCs in renewable power generation
• Need for PLCs in smart factories

However, the market also witnesses some limitations, which are as follows:

• Growing market for industrial PC and DCS as alternatives to PLCs
• System/network controllers and terminal unit controllers as substitutes for PLCs in building automation
• Integration with legacy systems

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Market Scope in Programmable Logic Controller (PLC) Market Research Report

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Research Analysis Overview

The Programmable Logic Controller (PLC) market encompasses computer control systems utilized in various industries, including steel and energy. Input devices and output devices are integral components, interfacing with sensors and automated machines. PLCs offer multi-functionality, minimizing machine downtime in industrial automation. In industries like steel and energy, PLCs control conveyor and packaging systems. Advanced PLCs incorporate dual-core microcontrollers, such as those with Cortex-M4 cores, and memory technologies like flash and static RAM. However, with increasing automation comes cyber threats, including malware, ransomware, and phishing attacks, necessitating IT involvement and robust security measures. Technicians troubleshoot errors using relays and switch boxes. Traditional relays are being replaced by electronic devices for enhanced functionality.

Market Research Overview

The Programmable Logic Controller (PLC) market is a significant segment within the larger electrical components and equipment market. This market encompasses companies producing computer control systems, input devices such as sensors for vibration, humidity, temperature, and power, as well as output devices like motors and actuators. Key industries served include the steel and energy sectors, where industrial control systems utilizing PLCs optimize production processes and ensure power management. In addition, PLCs are integral to building systems, electronic devices, and various industrial applications. The global electrical components and equipment market, which includes the revenue of manufacturers in sectors like automation solutions, electrical distribution and protection equipment, and HVAC, among others, is projected to grow substantially due to increasing demand for advanced control systems and automation solutions across industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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