Programmable Logic Controller Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global Programmable Logic Controller (PLC) Market, offering a detailed analysis of key market dynamics, including growth drivers, emerging trends, opportunities, and challenges. The report provides valuable insights into market structure, helping stakeholders navigate the evolving PLC landscape and make informed business decisions.

Key Insights:

Programmable Logic Controller Market Size (2024E): US$ 11.12 Bn
Projected Market Value (2031F): US$ 17.23 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 6.4%

Programmable Logic Controller Market - Report Scope:

The PLC market encompasses controllers used in automation systems for industrial processes. These devices are integral to managing machinery and processes across various industries by automating complex functions, improving efficiency, and ensuring safety. Market growth is driven by increasing demand for industrial automation, advancements in IoT integration, and the need for cost-effective and energy-efficient solutions in manufacturing and infrastructure development.

Market Growth Drivers:

Key factors driving the growth of the PLC market include the rising adoption of automation in manufacturing and industrial sectors, increasing focus on Industry 4.0 technologies, and growing demand for energy efficiency and process optimization. The need for scalable, reliable, and flexible automation solutions in sectors such as automotive, energy, and food & beverages is also accelerating market growth. Additionally, technological innovations such as AI-enabled PLCs and enhanced connectivity solutions are reshaping the competitive landscape.

Market Restraints:

Despite its promising growth trajectory, the PLC market faces certain challenges. High initial installation costs, complexities in integration, and cybersecurity risks associated with connected devices may hinder adoption, especially in small and medium enterprises (SMEs). Furthermore, a shortage of skilled professionals with expertise in PLC programming and maintenance poses a barrier to market expansion.

Market Opportunities:

The PLC market offers significant growth opportunities driven by the increasing integration of IoT, AI, and machine learning into industrial automation. Emerging economies are experiencing rapid industrialization, which is boosting the demand for advanced automation solutions. Additionally, the shift towards smart manufacturing and digital transformation across sectors like healthcare, energy, and transportation presents lucrative opportunities for PLC providers. Strategic partnerships between PLC manufacturers and software solution providers will further drive innovation and market expansion.

Key Questions Answered in the Report:

What are the primary factors driving the global growth of the PLC market?
Which industries are experiencing the highest adoption of PLCs, and why?
How are technological advancements shaping the competitive dynamics of the PLC market?
Who are the leading players in the market, and what strategies are they employing to sustain their market positions?
What are the emerging trends and future prospects in the global PLC market?

Competitive Intelligence and Business Strategy:

Prominent players in the global PLC market, including Siemens AG, Rockwell Automation, Inc., and Mitsubishi Electric Corporation, are focusing on innovation and strategic partnerships to gain a competitive edge. Investments in R&D to enhance product offerings and the development of AI-powered and IoT-enabled PLC systems are key strategies. Collaboration with end-use industries and system integrators, along with robust after-sales services, is critical for expanding market reach and ensuring customer loyalty. Companies are also emphasizing cybersecurity measures and advanced diagnostics to address evolving industry needs and enhance operational efficiency.

Key Companies Profiled in the Report:

Siemens AG
Rockwell Automation, Inc.
Mitsubishi Electric Corporation
Schneider Electric SE
Omron Corporation
General Electric Company (GE)
ABB Group

Programmable Logic Controller Market Segmentation:

By Type:

Modular
Compact
Rack Mounted

By Component:

Hardware
Software
Services

By End Use:

Aerospace and Defense
Automotive
Chemical
Energy and Utilities
Food and Beverages
Healthcare
Manufacturing
Mining and Metal
Oil and Gas
Transportation
Others

By Region:

North America
Latin America
Europe
South Asia and Oceania
East Asia
Middle East and Africa

Product Code: PMRREP34922

1. Executive Summary

1.1. Global Programmable logic controller Market Snapshot, 2024 and 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global Sectorial Outlook
- 2.3.2. Global GDP Growth Outlook
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Product Adoption Analysis
3.2. Technology Assessment
3.3. Regulatory Landscape
3.4. Value Chain Analysis
3.5. Key Deals and Mergers
3.6. PESTLE Analysis
3.7. Porter's Five Force Analysis

4. Price Trend Analysis, 2019 - 2031

4.1. Key Highlights
4.2. Key Factors Impacting Product Prices
4.3. Pricing Analysis, By Type
4.4. Regional Prices and Product Preferences

5. Global Programmable logic controller Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

5.1. Key Highlights
- 5.1.1. Market Size (US$ Bn) and Y-o-Y Growth
- 5.1.2. Absolute $ Opportunity
5.2. Market Size (US$ Bn) Analysis and Forecast
- 5.2.1. Historical Market Size (US$ Bn) Analysis, 2019 - 2023
- 5.2.2. Current Market Size (US$ Bn) Analysis and Forecast, 2023-2031
5.3. Global Programmable logic controller Market Outlook: Type
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn) Analysis, By Type, 2019 - 2023
- 5.3.3. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024 - 2031
  - 5.3.3.1. Modular
  - 5.3.3.2. Compact
  - 5.3.3.3. Rack Mounted
5.4. Market Attractiveness Analysis: Type
5.5. Global Programmable logic controller Market Outlook: Component
- 5.5.1. Introduction / Key Findings
- 5.5.2. Historical Market Size (US$ Bn) Analysis, By Component, 2019 - 2023
- 5.5.3. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024 - 2031
  - 5.5.3.1. Hardware
    - 5.5.3.1.1. Central Processing Unit (CPU)
    - 5.5.3.1.2. Memory Modules
    - 5.5.3.1.3. Input Modules
    - 5.5.3.1.4. Output Modules
    - 5.5.3.1.5. Communication Modules
    - 5.5.3.1.6. Power Supply Unit
    - 5.5.3.1.7. Human Machine Interface (HMI)
    - 5.5.3.1.8. Others
  - 5.5.3.2. Software
  - 5.5.3.3. Services
5.6. Market Attractiveness Analysis: Component
5.7. Global Programmable logic controller Market Outlook: End Use
- 5.7.1. Introduction / Key Findings
- 5.7.2. Historical Market Size (US$ Bn) Analysis, By End Use, 2019 - 2023
- 5.7.3. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2024 - 2031
  - 5.7.3.1. Aerospace & Defense
  - 5.7.3.2. Automotive
  - 5.7.3.3. Chemical
  - 5.7.3.4. Energy & Utilities
  - 5.7.3.5. Food & Beverage
  - 5.7.3.6. Healthcare
  - 5.7.3.7. Manufacturing
  - 5.7.3.8. Mining & Metal
  - 5.7.3.9. Oil & Gas
  - 5.7.3.10. Transportation
  - 5.7.3.11. Others
5.8. Market Attractiveness Analysis: End Use

6. Global Programmable logic controller Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn) Analysis, By Region, 2019 - 2023
6.3. Current Market Size (US$ Bn) Analysis and Forecast, By Region, 2024 - 2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Programmable logic controller Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Component
- 7.3.4. By End Use
7.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 7.4.1. U.S.
- 7.4.2. Canada
7.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024 - 2031
- 7.5.1. Modular
- 7.5.2. Compact
- 7.5.3. Rack Mounted
7.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024 - 2031
- 7.6.1. Hardware
- 7.6.2. Central Processing Unit (CPU)
- 7.6.3. Memory Modules
- 7.6.4. Input Modules
- 7.6.5. Output Modules
- 7.6.6. Communication Modules
- 7.6.7. Power Supply Unit
- 7.6.8. Human Machine Interface (HMI)
- 7.6.9. Others
- 7.6.10. Software
- 7.6.11. Services
7.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2024 - 2031
- 7.7.1. Aerospace & Defense
- 7.7.2. Automotive
- 7.7.3. Chemical
- 7.7.4. Energy & Utilities
- 7.7.5. Food & Beverage
- 7.7.6. Healthcare
- 7.7.7. Manufacturing
- 7.7.8. Mining & Metal
- 7.7.9. Oil & Gas
- 7.7.10. Transportation
- 7.7.11. Others
7.8. Market Attractiveness Analysis

8. Europe Programmable logic controller Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Component
- 8.3.4. By End Use
8.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 8.4.1. Germany
- 8.4.2. France
- 8.4.3. U.K.
- 8.4.4. Italy
- 8.4.5. Spain
- 8.4.6. Russia
- 8.4.7. Turkey
- 8.4.8. Rest of Europe
8.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024 - 2031
- 8.5.1. Modular
- 8.5.2. Compact
- 8.5.3. Rack Mounted
8.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024 - 2031
- 8.6.1. Hardware
- 8.6.2. Central Processing Unit (CPU)
- 8.6.3. Memory Modules
- 8.6.4. Input Modules
- 8.6.5. Output Modules
- 8.6.6. Communication Modules
- 8.6.7. Power Supply Unit
- 8.6.8. Human Machine Interface (HMI)
- 8.6.9. Others
- 8.6.10. Software
- 8.6.11. Services
8.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2024 - 2031
- 8.7.1. Aerospace & Defense
- 8.7.2. Automotive
- 8.7.3. Chemical
- 8.7.4. Energy & Utilities
- 8.7.5. Food & Beverage
- 8.7.6. Healthcare
- 8.7.7. Manufacturing
- 8.7.8. Mining & Metal
- 8.7.9. Oil & Gas
- 8.7.10. Transportation
- 8.7.11. Others
8.8. Market Attractiveness Analysis

9. East Asia Programmable logic controller Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Component
- 9.3.4. By End Use
9.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. South Korea
9.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024 - 2031
- 9.5.1. Modular
- 9.5.2. Compact
- 9.5.3. Rack Mounted
9.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024 - 2031
- 9.6.1. Hardware
- 9.6.2. Central Processing Unit (CPU)
- 9.6.3. Memory Modules
- 9.6.4. Input Modules
- 9.6.5. Output Modules
- 9.6.6. Communication Modules
- 9.6.7. Power Supply Unit
- 9.6.8. Human Machine Interface (HMI)
- 9.6.9. Others
- 9.6.10. Software
- 9.6.11. Services
9.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2024 - 2031
- 9.7.1. Aerospace & Defense
- 9.7.2. Automotive
- 9.7.3. Chemical
- 9.7.4. Energy & Utilities
- 9.7.5. Food & Beverage
- 9.7.6. Healthcare
- 9.7.7. Manufacturing
- 9.7.8. Mining & Metal
- 9.7.9. Oil & Gas
- 9.7.10. Transportation
- 9.7.11. Others
9.8. Market Attractiveness Analysis

10. South Asia & Oceania Programmable logic controller Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Component
- 10.3.4. By End Use
10.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 10.4.1. India
- 10.4.2. Southeast Asia
- 10.4.3. ANZ
- 10.4.4. Rest of South Asia & Oceania
10.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024 - 2031
- 10.5.1. Modular
- 10.5.2. Compact
- 10.5.3. Rack Mounted
10.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024 - 2031
- 10.6.1. Hardware
- 10.6.2. Central Processing Unit (CPU)
- 10.6.3. Memory Modules
- 10.6.4. Input Modules
- 10.6.5. Output Modules
- 10.6.6. Communication Modules
- 10.6.7. Power Supply Unit
- 10.6.8. Human Machine Interface (HMI)
- 10.6.9. Others
- 10.6.10. Software
- 10.6.11. Services
10.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2024 - 2031
- 10.7.1. Aerospace & Defense
- 10.7.2. Automotive
- 10.7.3. Chemical
- 10.7.4. Energy & Utilities
- 10.7.5. Food & Beverage
- 10.7.6. Healthcare
- 10.7.7. Manufacturing
- 10.7.8. Mining & Metal
- 10.7.9. Oil & Gas
- 10.7.10. Transportation
- 10.7.11. Others
10.8. Market Attractiveness Analysis

11. Latin America Programmable logic controller Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

11.1. Key Highlights
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 11.3.1. By Country
- 11.3.2. By Type
- 11.3.3. By Component
- 11.3.4. By End Use
11.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 11.4.1. Brazil
- 11.4.2. Mexico
- 11.4.3. Rest of Latin America
11.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024 - 2031
- 11.5.1. Modular
- 11.5.2. Compact
- 11.5.3. Rack Mounted
11.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024 - 2031
- 11.6.1. Hardware
- 11.6.2. Central Processing Unit (CPU)
- 11.6.3. Memory Modules
- 11.6.4. Input Modules
- 11.6.5. Output Modules
- 11.6.6. Communication Modules
- 11.6.7. Power Supply Unit
- 11.6.8. Human Machine Interface (HMI)
- 11.6.9. Others
- 11.6.10. Software
- 11.6.11. Services
11.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2024 - 2031
- 11.7.1. Aerospace & Defense
- 11.7.2. Automotive
- 11.7.3. Chemical
- 11.7.4. Energy & Utilities
- 11.7.5. Food & Beverage
- 11.7.6. Healthcare
- 11.7.7. Manufacturing
- 11.7.8. Mining & Metal
- 11.7.9. Oil & Gas
- 11.7.10. Transportation
- 11.7.11. Others
11.8. Market Attractiveness Analysis

12. Middle East & Africa Programmable logic controller Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

12.1. Key Highlights
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) Analysis, By Market, 2019 - 2023
- 12.3.1. By Country
- 12.3.2. By Type
- 12.3.3. By Component
- 12.3.4. By End Use
12.4. Current Market Size (US$ Bn) Analysis and Forecast, By Country, 2024 - 2031
- 12.4.1. GCC Countries
- 12.4.2. Egypt
- 12.4.3. South Africa
- 12.4.4. Northern Africa
- 12.4.5. Rest of Middle East & Africa
12.5. Current Market Size (US$ Bn) Analysis and Forecast, By Type, 2024 - 2031
- 12.5.1. Modular
- 12.5.2. Compact
- 12.5.3. Rack Mounted
12.6. Current Market Size (US$ Bn) Analysis and Forecast, By Component, 2024 - 2031
- 12.6.1. Hardware
- 12.6.2. Central Processing Unit (CPU)
- 12.6.3. Memory Modules
- 12.6.4. Input Modules
- 12.6.5. Output Modules
- 12.6.6. Communication Modules
- 12.6.7. Power Supply Unit
- 12.6.8. Human Machine Interface (HMI)
- 12.6.9. Others
- 12.6.10. Software
- 12.6.11. Services
12.7. Current Market Size (US$ Bn) Analysis and Forecast, By End Use, 2024 - 2031
- 12.7.1. Aerospace & Defense
- 12.7.2. Automotive
- 12.7.3. Chemical
- 12.7.4. Energy & Utilities
- 12.7.5. Food & Beverage
- 12.7.6. Healthcare
- 12.7.7. Manufacturing
- 12.7.8. Mining & Metal
- 12.7.9. Oil & Gas
- 12.7.10. Transportation
- 12.7.11. Others
12.8. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping By Market
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. Siemens AG
  - 13.3.1.1. Overview
  - 13.3.1.2. Segments and Types
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Rockwell Automation, Inc.
- 13.3.3. Mitsubishi Electric Corporation
- 13.3.4. Schneider Electric SE
- 13.3.5. Omron Corporation
- 13.3.6. General Electric Company (GE)
- 13.3.7. ABB Group

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations