Programmable Logic Controller Market Report: Trends, Forecast and Competitive Analysis to 2030

Programmable Logic Controller Trends and Forecast

The future of the global programmable logic controller market looks promising with opportunities in the automotive, energy & utility, chemical & petrochemical, oil & gas, pulp & paper, pharmaceutical, and water & wastewater treatment markets. The global programmable logic controller market is expected to reach an estimated $14.0 billion by 2030 with a CAGR of 4.0% from 2024 to 2030. The major drivers for this market are growing interest in industrial automation, increasing demand for flexible and robust manufacturing procedures, and growing government initiatives towards sustainable construction of smart cities.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Programmable Logic Controller by Segment

The study includes a forecast for the global programmable logic controller by type, end use, and region.

Programmable Logic Controller Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Hardware & Software
• Services

Programmable Logic Controller Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Automotive
• Energy & Utilities
• Chemical & Petrochemical
• Oil & Gas
• Pulp & Paper
• Pharmaceutical
• Water & Wastewater Treatment
• Others

Programmable Logic Controller Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Programmable Logic Controller Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies programmable logic controller companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the programmable logic controller companies profiled in this report include-

• ABB
• Delta Electronics
• Eaton Corporation
• Emerson Electric
• Fuji Electric
• Hitachi
• Honeywell International
• Mitsubishi Electric
• OMRON
• Panasonic

Programmable Logic Controller Market Insights

Lucintel forecasts that hardware & software will remain larger segment over the forecast period.

Within this market, automotive will remain the largest segment over the forecast period.

APAC is expected to witness the highest growth over the forecast period.

Features of the Global Programmable Logic Controller Market

Market Size Estimates: Programmable logic controller market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Programmable logic controller market size by type, end use, and region in terms of value ($B).

Regional Analysis: Programmable logic controller market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the programmable logic controller market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the programmable logic controller market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the programmable logic controller market size?

Answer: The global programmable logic controller market is expected to reach an estimated $14.0 billion by 2030.

Q2. What is the growth forecast for programmable logic controller market?

Answer: The global programmable logic controller market is expected to grow with a CAGR of 4.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the programmable logic controller market?

Answer: The major drivers for this market are growing interest in industrial automation, increasing demand for flexible and robust manufacturing procedures, and growing government initiatives towards sustainable construction of smart cities.

Q4. What are the major segments for programmable logic controller market?

Answer: The future of the programmable logic controller market looks promising with opportunities in the automotive, energy & utility, chemical & petrochemical, oil & gas, pulp & paper, pharmaceutical, and water & wastewater treatment markets.

Q5. Who are the key programmable logic controller market companies?

Answer: Some of the key programmable logic controller companies are as follows:

• ABB
• Delta Electronics
• Eaton Corporation
• Emerson Electric
• Fuji Electric
• Hitachi
• Honeywell International
• Mitsubishi Electric
• OMRON
• Panasonic

Q6. Which programmable logic controller market segment will be the largest in future?

Answer: Lucintel forecasts that hardware & software will remain larger segment over the forecast period.

Q7. In programmable logic controller market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness the highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the programmable logic controller market by type (hardware & software and services), end use (automotive, energy & utilities, chemical & petrochemical, oil & gas, pulp & paper, pharmaceutical, water & wastewater treatment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?