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The micro programmable logic controller (PLC) market share is expected to reach an estimated growth of USD 2.46 billion by 2026 at an accelerating CAGR of 7.31%.
This micro programmable logic controller (PLC) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers micro programmable logic controller (PLC) market segmentation by:
The micro programmable logic controller (PLC) market vendors are - ABB Ltd., Advantech Co. Ltd., Beckhoff Automation GmbH and Co. KG, Beijer Electronics Group AB, Eaton Corp. Plc, Festo SE and Co. KG, Fuji Electric Co. Ltd., Hitachi Ltd., Honeywell International Inc., IDEC Corp., Koyo Electronics Industries Co. Ltd., Lenze SE, Mitsubishi Electric Corp., Moxa Inc., OMRON Corp., Opto 22, Parker Hannifin Corp., Pilz GmbH and Co. KG, Robert Bosch Stiftung GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., WAGO GmbH and Co. KG, and Yaskawa Electric Corp. among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing demand for compact automation solutions is notably driving the micro programmable logic controller (PLC) market growth, although factors such as growing cybersecurity concerns may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the micro programmable logic controller (PLC) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Micro Programmable Logic Controller (PLC) Market Driver
Key Micro Programmable Logic Controller (PLC) Market Trend
Key Micro Programmable Logic Controller (PLC) Market Challenge
This micro programmable logic controller (PLC) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global micro programmable logic controller (PLC) market as a part of the global electrical components and equipment market within the global electrical equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the micro programmable logic controller (PLC) market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the micro programmable logic controller (PLC) market encompasses successful business strategies deployed by the key vendors. The micro programmable logic controller (PLC) market is fragmented and the vendors are deploying growth strategies such as offering customized solutions with additional services to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The micro programmable logic controller (PLC) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the micro programmable logic controller (PLC) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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35% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for micro programmable logic controller (PLC) in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The strong industrialization; rising demand for medium voltage and low voltage motors; and increasing investments in power, water and wastewater treatment, and food and beverage industries will facilitate the micro programmable logic controller (PLC) market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 had a negative impact on the regional micro PLC market. The pandemic resulted in numerous deaths in China and other countries, prompting lockdowns in the region. However, in 2021, due to the availability of COVID-19 vaccines and the large-scale vaccination drives carried out by the governments of countries in APAC, activities in end-user industries gradually became normal. Therefore, the demand for micro PLCs increased, which will lead to regional market growth during the forecast period.
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The micro programmable logic controller (PLC) market share growth by the automotive industry segment will be significant during the forecast period. The automotive industry is one of the major contributors to the global micro PLC market, owing to the need to control multiple standalone machinery that is used in the manufacturing process in this industry. As several automotive manufacturing plants are moving toward the concept of smart factories, the demand for micro PLCs will witness an increase in the automotive industry.
This report provides an accurate prediction of the contribution of all the segments to the growth of the micro programmable logic controller (PLC) market size and actionable market insights on post COVID-19 impact on each segment.
Micro Programmable Logic Controller (PLC) Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.31% |
Market growth 2022-2026 |
$ 2.46 billion |
Market structure |
Fragmented |
YoY growth (%) |
6.52 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 35% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
ABB Ltd., Advantech Co. Ltd., Beckhoff Automation GmbH and Co. KG, Beijer Electronics Group AB, Eaton Corp. Plc, Festo SE and Co. KG, Fuji Electric Co. Ltd., Hitachi Ltd., Honeywell International Inc., IDEC Corp., Koyo Electronics Industries Co. Ltd., Lenze SE, Mitsubishi Electric Corp., Moxa Inc., OMRON Corp., Opto 22, Parker Hannifin Corp., Pilz GmbH and Co. KG, Robert Bosch Stiftung GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., WAGO GmbH and Co. KG, and Yaskawa Electric Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Market Segmentation by Product
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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