PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1425009
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1425009
Programmable Logic Controller (PLC) Market size was valued at USD 13,812.4 Million in 2022, expanding at a CAGR of 4.2% from 2023 to 2030.
Programmable Logic Controllers (PLCs) serve as the fundamental computing system for overseeing automated machinery, offering multiple advantages over traditional components like relays and switch boxes due to their compact size and programmable nature. They excel in identifying errors, alerting technicians, and swiftly responding without human intervention, which is crucial in reducing machine downtime that can account for substantial manufacturing losses (estimated at 5-20%). The growth of the PLC market is propelled by industrial automation, which optimizes processes by minimizing human involvement, ensuring reliability, and enhancing long-term profitability.
Programmable Logic Controller (PLC) Market- Market Dynamics
Escalating demands of PLC from the automotive industry is expected to propel the market demand
PLCs play a pivotal role in controlling diverse manufacturing processes, including assembly lines and robotic devices, where high-reliability control, ease of programming, and efficient fault diagnosis are essential. These systems continue to evolve, offering features like scalability, expanded memory, smaller form factors, high-speed Ethernet (including gigabit speeds), and integrated wireless capabilities. While PLCs have traditionally been favored in industries with stable processes, the shift towards personalized products has necessitated more flexible systems. Consequently, some end-users are exploring alternatives like PC-based and cloud-based controllers to meet the demands of increasingly complex and customized manufacturing processes. PLCs have found extensive adoption in the manufacturing realm, primarily driven by the escalating demands of the automotive industry. Initially deployed as replacements for relays in automotive manufacturing, PLCs have enabled manufacturers to operate with increased efficiency and speed. These automated processes effectively reduce the occurrence of bottlenecks, leading to cost savings in both operation and production time within the industry.
Programmable Logic Controller (PLC) Market- Key Insights
As per the analysis shared by our research analyst, the global Programmable Logic Controller (PLC) Market is estimated to grow annually at a CAGR of around 4.2% over the forecast period (2023-2030)
The Programmable Logic Controller (PLC) Market is projected to grow at a significant rate driven by escalating demands of PLC from the automotive industry.
Based on Type, the small PLC segment was predicted to show maximum market share in the year 2022
Based on Application, automotive was the leading Segment in 2022
On the basis of region, North America was the leading revenue generator in 2022
The Global Programmable Logic Controller (PLC) Market is segmented on the basis of Type, By Application, and Region.
Based on the Type, the market is divided into 2 segments: Large PLC, Nano PLC, Small PLC, Medium PLC, Other Types. The small PLC segment generated the highest revenue, and it is expected to maintain its leading position throughout the forecast period. These PLCs are widely used due to their versatility, compact size, and cost-effectiveness. They are suitable for a broad range of automation tasks and are commonly found in manufacturing, process control, and other industrial applications.
The market is categorized by Application into 6 segments: Food, Tobacco, and Beverage, Automotive, Chemical and Petrochemical, Energy and Utilities, Pulp and Paper, Oil and Gas. The automotive segment generated the highest revenue, and it is expected to maintain its leading position throughout the forecast period. Many manufacturing facilities within the automotive sector have been undergoing transformative changes to incorporate cutting-edge technologies into their production processes, aiming to enhance overall productivity and efficiency. For instance, ATS Applied Tech Systems Ltd. has developed a comprehensive tracking and tracing system for airbags utilizing InTrack, InTouch, and GE-Fanuc PLCs. This system achieves full error-proofing and traceability throughout the manufacturing process, allowing for the tracing of airbag origins and monitoring the status of production machinery, even up to a decade after production, in case any faults are detected.
Programmable Logic Controller (PLC) Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. North America is expected to dominate the market during the forecast period owing to the robust oil & gas industry. Moreover, the rising automotive industry in the area also propelling the market growth during the forecast period.
Companies operating in the PLC (Programmable Logic Controller) market are engaged in a range of activities to maintain and expand their market presence. This includes continuous product development to enhance features and capabilities, forming strategic partnerships for integrated solutions, expanding into new regions and industries, offering customization services, providing robust support and services, ensuring compliance with industry standards, occasional acquisitions for portfolio expansion, embracing sustainability practices, and adapting to digital transformation trends. Additionally, competitive pricing strategies are employed to meet varying customer needs while maintaining product quality and performance. These efforts collectively shape a dynamic and competitive landscape as companies respond to the evolving demands of industrial automation across sectors.
In July 2022, Omron Corporation unveiled the CP2E Micro PLC, designed to cater to compact equipment needs and facilitate data collection and machine-to-machine communication. The CP2E series presents an efficient solution, particularly valuable for mass-produced single machines where cost-effectiveness is paramount. These controllers play a pivotal role in enabling flexible production by ensuring traceability and effective machine monitoring.
In May 2022, Emerson Electric Co. introduced the PACSystem RSTi-EP CPE 200 programmable automation controllers. These newly launched compact PACs address the requirements of OEMs by reducing the dependency on specialized software engineering expertise. The CPE 200 controllers offer substantial programmable logic controller (PLC) capabilities while maintaining a cost-effective and compact form factor that is ready for Industrial Internet of Things (IIoT) Types. This innovation allows machine manufacturers to maintain high performance without compromising affordability.