Programmable Logic Controller Market Report size was worth US$ 12.49 Billion in 2022 and is expected to grow at a CAGR of 5% to an estimated revenue of US$ 17.57 Billion by 2029.

Programmable Logic Controller Market Report Overview

A new report published by Global Market Intelligence firm, Maximize Market Research, indicates that the Programmable Logic Controller Market is expected to grow significantly in the coming years. The report identifies the key drivers of growth, as well as the major restraints and challenges that the market is facing. It also provides insights into the potential opportunities that exist in the market.

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Programmable Logic Controller Market Report Scope

The report provides current Programmable Logic Controller market trends and regional insights, including demand, supply, and sales, as well as recent changes in the market. It focuses on the key drivers and restraints for key players, as well as the current competitive landscape. The report also provides the latest data on market statistics, future developments, size, and emerging trends, which can help you identify the products and end users that are driving revenue growth and profitability. It also includes company profiles, product specifications, production capacity/sales, revenue, price, gross margin, and sales by product.

Programmable Logic Controller Market Regional Analysis

The Programmable Logic Controller market report provides a comprehensive overview of the market, including its geographic condition, market size and share, business network structure, opportunities, and news updates.

Programmable Logic Controller Market Segmentation

By Type: The market for programmable logic controllers is divided into four categories based on type: modular PLC, compact PLC, rackmount PLC, and large PLC. Due to its widespread usage in a variety of end-user sectors, including the automotive, oil and gas, and chemical processing, the modular PLC segment is anticipated to dominate the market in terms of revenue. Modular PLCs are ideal for complicated and demanding industrial applications because they are highly scalable and provide more flexibility. Additionally, the Industry 4.0 movement and the growing use of IoT in manufacturing are anticipated to be positives for the modular PLC market. The compact PLC segment, on the other hand, is anticipated to experience significant expansion during the projection period. Small to medium-sized businesses (SMBs).

According to Technology: The Programmable Logic Controller Market is divided into three categories based on technology: Traditional PLC, Safety PLC, and Hybrid PLC. In a variety of sectors, including the automotive, manufacturing, and oil and gas industries, the classic PLC segment is the most often used type of PLC. Contrarily, safety PLCs are employed in sectors including aerospace, nuclear power, and chemical processing and are specifically created for applications demanding high levels of safety. Combining regular and safety PLCs, the hybrid PLC section provides the benefits of both technologies. According to surveys, the traditional PLC category, which has a wide range of applications, will hold the greatest share of the PLC market in 2020. 

The Programmable Logic Controller, by End-User On the basis of end-user, the market can be segmented into the automotive, chemical and petrochemical, energy and electricity, food and beverage, oil and gas, and other industries. Due to the industry's growing adoption of automation, the automotive sector is anticipated to hold the greatest share of the PLC market over the forecast period. The demand for safety and process automation in these industries is likely to result in significant growth for the chemical and petrochemical market as well. Due to the growing emphasis on energy efficiency and sustainability, the energy and power category is anticipated to experience modest expansion over the forecast period. The food and beverage industry is also anticipated to expand significantly.

Programmable Logic Controller Market Size and Forecast, by Type (2022-2029)
1. Modular PLC
2. Compact PLC
3. Rackmount PLC
Programmable Logic Controller Market Size and Forecast, by Technology (2022-2029)
1. Traditional
2. Safety
3. Hybrid
Programmable Logic Controller Market Size and Forecast, by End User (2022-2029)
3. Automotive
3. Chemical & Petrochemical
3. Energy & Power
4. Food & Beverage
5. Oil & Gas
6. Others
Programmable Logic Controller Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America

 

 

 

 

 

 

 

 

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Programmable Logic Controller Market Key Players

North America
1. Rockwell Automation Inc.
2. General Electric Company
3. Honeywell International Inc.
4. Eaton Corporation PLC
5. Emerson Electric Co.

Europe
6. Siemens AG
7. ABB Ltd.
8. Schneider Electric SE
9. Bosch Rexroth AG
10. Beckhoff Automation GmbH & Co. KG
11. WAGO Kontakttechnik GmbH & Co. KG
12. Danfoss A/S
13. B&R Industrial Automation GmbH
14. IDEMIA France SAS

Asia Pacific
15. Mitsubishi Electric Corporation
16. Panasonic Corporation
17. Omron Corporation
18. Hitachi, Ltd.
19. Toshiba Corporation
20. Delta Electronics Inc.
21. Yokogawa Electric Corporation
22. Fuji Electric Co., Ltd.
23. IDEC Corporation
24. Advantech Co. Ltd.
25. Yaskawa Electric Corporation.

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Key Questions answered in the Programmable Logic Controller Market Report are:

 

  • What is Programmable Logic Controller?
  • What is the forecast period of the Programmable Logic Controller Market?
  • What is the expected Programmable Logic Controller market size by the end of the forecast period?

 

  • What will be the CAGR of the Programmable Logic Controller market during the forecast period?
  • Who are the key players in the Programmable Logic Controller industry?
  • Which region held the largest market share in the Programmable Logic Controller Market?
  • What are the opportunities for the Programmable Logic Controller Market?
  • What are the factors restraining the Programmable Logic Controller market growth?

Key Offerings:

  • Past Market Size and Competitive Landscape (2017 to 2021)
  • Past Pricing and price curve by region (2017 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Market Segmentation – A detailed analysis of segments and their sub-segments
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of Business by Region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 

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