Authored By: Sarah
25 Jan 2022

Programmable Logic Controller (PLC) Market Growth Analysis | Growing demand for customized and miniaturized PLCs to drive growth

ABB Ltd., General Electric Co., Mitsubishi Corp., OMRON Corp., Panasonic Corp., Robert Bosch GmbH, Rockwell Industries Ltd., Schneider Electric SE, Siemens AG, and Toshiba Corp. are key vendors

The Programmable logic controller (PLC) is expected to grow by $ 2.39 billion, accelerating at a CAGR of almost 3% during the forecast period. The market is fragmented. This research report provides insights into the top market players and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in this intensely competitive market, players must distinguish their product and service offerings through a clear and unique value proposition. ABB Ltd., General Electric Co., Mitsubishi Corp., OMRON Corp., Panasonic Corp., Robert Bosch GmbH, Rockwell Industries Ltd., Schneider Electric SE, Siemens AG, and Toshiba Corp. are some of the major market participants.


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Programmable Logic Controller (PLC) Market: Leading Segments and Growth Opportunities

The Programmable logic controller (PLC) market is segmented by Product (Unitary, Modular, and Rackmount), End-user (Process industry, Discrete industry, and Building automation), and Geography (APAC, North America, Europe, MEA, and South America).

APAC led the market with 33% of the market growth set to originate from this region during the forecast period. Growing market for industrial PC and DCS as substitutes is one of the challenges that will need to be overcome to drive growth. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.

Programmable Logic Controller (PLC) Market: Top Drivers and Trends to Boost Demand

The growing demand for customized and miniaturized PLCs is one of the primary factors driving the growth of the programmable logic controller (PLC) market. The advent of the Industrial Internet of Things (IIoT), has led to challenges related to designing at a control level. Most large industrial manufacturing companies that have access to vast capital have automated their manufacturing processes completely. However, moving to automated processes is challenging for small and medium-sized enterprises (SMEs) due to budget constraints. The availability of PLCs enables SMEs to utilize control-level automation at a low cost without compromising on productivity. Vendors are focusing on developing flexible machine designs that incorporate inputs from OEMs, manufacturers, and system integrators. They are also swiftly changing the features of their products based on end-user requirements. All these factors enable a seamless transition from traditional automation to Industry 4.0 in the manufacturing industry. 

The increasing focus on expanding the capability of micro PLCs is a key trend that will drive the PLC market share growth. Micro PLCs are rapidly becoming an indispensable solution for controlling standalone machinery in the process and discrete industries. Benefits such as programming flexibility, ease of use, communication capability within a compact structure, and low price compared with traditional PLCs are increasing the adoption of micro PLCs.

The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals. For additional insights on this market: Download FREE Sample Report

Key Focus Areas in Our Reports:

  • Programmable Logic Controller (PLC) Market Split by Product
    • Unitary
    • Modular
    • Rackmount
  • Programmable Logic Controller (PLC) Market Split by End-user
    • Process industry
    • Discrete industry
    • Building automation
  • Programmable Logic Controller (PLC) Market Split by Geography
    • APAC
    • North America
    • Europe
    • MEA
    • South America

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • ABB Ltd.
  • General Electric Co.
  • Mitsubishi Corp.
  • OMRON Corp.
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Rockwell Industries Ltd.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corp.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of over 3%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 2.39 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    growing demand for customized and miniaturized PLCs will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    APAC, North America, Europe, MEA, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    33% growth will originate from APAC

     
  6. Who are the leading market vendors?
    The leading vendors in this market are ABB Ltd., General Electric Co., Mitsubishi Corp., OMRON Corp., Panasonic Corp., Robert Bosch GmbH, Rockwell Industries Ltd., Schneider Electric SE, Siemens AG, and Toshiba Corp.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Unitary, Modular, and Rackmount), End-user (Process industry, Discrete industry, and Building automation), and Geography (APAC, North America, Europe, MEA, and South America)
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