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Programmable Logic Controller (PLC) Market Share 2023, Top Manufacturers, Size, Growth, Forecast 2028

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Programmable Logic Controller (PLC) Market Share 2023, Top Manufacturers, Size, Growth, Forecast 2028

April 13
20:25 2023
Programmable Logic Controller (PLC) Market Share 2023, Top Manufacturers, Size, Growth, Forecast 2028
Programmable Logic Controller (PLC) Market Share
The global programmable logic controller (PLC) market size reached US$ 14.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.38% during 2023-2028.

The latest research study “Programmable Logic Controller (PLC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global programmable logic controller (PLC) market size reached US$ 14.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 20.2 Billion by 2028, exhibiting a growth rate (CAGR) of 5.38% during 2023-2028.

A programmable logic controller (PLC) represents an electronic device that monitors, regulates, manages, and automates industrial electromechanical procedures. It comprises numerous components, such as a central processing unit (CPU), a power supply processor, and input/output (I/O) sections. PLC is an independent system that regulates and improves operations without human supervision. It aids in increasing reliability, flexibility, faster response time, easy troubleshooting, etc. Consequently, PLC finds extensive applications across automotive, chemicals and petrochemical, paper and pulp, food and beverage (F&B), and oil and gas sectors.

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Programmable Logic Controller (PLC) Market Trends and Drivers:

The escalating need for industrial automation that offers advanced solutions, including security monitoring, energy consumption management, and automatic production lines, is primarily augmenting the programmable logic controller (PLC) market. Furthermore, the rising utilization of the device in harsh industrial environments, on account of its extreme robustness and capability of withstanding high temperatures, humidity, vibration, and electrical noise, is also bolstering the market growth. Apart from this, the incorporation of machine-to-machine (M2M) communication, smart sensors, and cybersecurity technologies with PLC instruments to enable seamless mechanization and improve operational efficiency is acting as another significant growth-inducing factor. Moreover, manufacturers are developing compact automation solutions with advanced features, cost-effectiveness, and interoperability to meet the elevating requirement for improved control, secured connectivity, and enhanced performance, which is further catalyzing the global market. Besides this, the expanding automotive sector, the extensive research and development (R&D) activities, and the launch of several government initiatives focusing on the sustainable construction of smart cities are expected to drive the programmable logic controller (PLC) market in the coming years.

Ask An Analyst: https://www.imarcgroup.com/request?type=report&id=6349&flag=F

Programmable Logic Controller (PLC) Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • ABB Ltd.
  • Delta Electronics Inc.
  • Eaton Corporation plc
  • Emerson Electric Co.
  • Fuji Electric Co. Ltd.
  • Hitachi Ltd.
  • Honeywell International Inc.
  • Mitsubishi Electric Corporation
  • OMRON Corporation
  • Panasonic Holdings Corporation
  • Robert Bosch GmbH
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG and Toshiba Corporation.

The report has segmented the market on the basis of type and end use industry.

Breakup by Type:

  • Hardware and Software
    • Large PLC
    • Nano PLC
    • Small PLC
    • Medium PLC
    • Others
  • Services


Breakup by End Use Industry:

  • Automotive
  • Energy and Utilities
  • Chemical and Petrochemical
  • Oil and Gas
  • Pulp and Paper
  • Pharmaceutical
  • Water and Wastewater Treatment
  • Food, Tobacco and Beverage
  • Others


Ask Analyst for Customization and Explore Full Report with TOC & List of Figure:
 https://www.imarcgroup.com/programmable-logic-controller-market

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

 

Key highlights of the report:

  • Market Performance
  • Market Outlook
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape


If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.


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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Phone: +1-631-791-1145
Address:134 N 4th St.
City: Brooklyn
State: NY
Country: United States
Website: https://www.imarcgroup.com

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