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The Asia-pacific (APAC) - Programmable Logic Controller (PLC) Market is poised to grow by USD 1.19 billion, categorized by Type, Distribution Channel, and Geography. In 2018, the LED segment, valued at USD 45.91 billion, emerged as the largest segment. The process industry segment was the largest segment and was valued at USD 1.39 billion in 2018.There is a significant growth of the process industry in the (PLC) market when compared with the other segments, including discrete industry and building automation. Factors such as the increasing use of PLC in industries such as oil and gas, chemical and petrochemical, power, water and wastewater treatment, and food and beverage are fuelling the growth of this segment.This trend is anticipated to drive substantial growth, expected to reach a CAGR of 4.83% during the 2023-2028 forecast period.
APAC Programmable Logic Controller (PLC) Market Forecast 2024-2028
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Driver - Demand for PLCs in renewable power generation
The main use of PLC is to monitor and control the operation of wind turbines. In addition, it controls different functions of the nacelle, from blade angle to hydraulics. Furthermore, various sensors are located in wind turbines for detecting wind speed, wind direction, and shaft rotation speed, which collect and transfer data to the PLC.
Therefore, by utilizing this data, the main control system or the controller of the wind turbine controls the turbine to optimize blades in order to generate maximum power. In addition, due to their structure, wind turbines are installed in wide areas and operate in harsh environments, especially offshore wind turbines. Therefore, there is an increase in demand for PLC for optimum power generation and low maintenance which will drive the market growth during the forecast period.
Micro PLCs are increasingly becoming an indispensable solution for controlling standalone machinery in the process and discrete industries. In addition, benefits including programming flexibility, ease of use, communication capability within a compact structure, and low price compared with traditional PLCs are increasing the adoption of micro PLCs in APAC. Furthermore, recent advances in product design and features have increased their capabilities and applications in the industrial end-user segments.
Moreover, the initial versions of micro PLCs were specifically designed as a cost-efficient solution for controlling small machinery with basic serial communication. In addition, a few players are providing additional features, including analog and temperature I/O expansion modules, to already launched products to increase their effectiveness. As a result, this is helping micro PLCs expand their capability for machine and process control applications. Therefore, it is positively impacting the APAC - PLC market. Hence, such factors are driving the market growth during the forecast period.
There has been a shift from rackmount PLCs to more generic PC-based platforms due to the growing demand for automation. In addition, a PC-based control system offers integration of PLC control, motion control, and SCADA on a single high-performance controller platform. As a result, this has led to a greater demand for industrial PC-based control systems.
Moreover, DCS is another control system that offers distinct advantages over distributed systems that are not available in either PLCs or industrial PCs. In addition, market players are also focusing on improving the application areas of DCS. Therefore, the developments in industrial PCs and DCS are negatively impacting the APAC - PLC market. Therefore, it is expected to hinder the market growth during the forecast period.
The process industry segment is estimated to witness significant growth during the forecast period. There is a significant growth of the process industry in the Asia Pacific - programmable logic controller (PLC) market when compared with the other segments, including discrete industry and building automation. Factors such as the increasing use of PLC in industries such as oil and gas, chemical and petrochemical, power, water and wastewater treatment, and food and beverage are fuelling the growth of this segment.
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The process industry segment was the largest segment and was valued at USD 1.39 billion in 2018. Moreover, in the oil and gas industry, PLCs are used in upstream oil and gas activities such as drilling, mooring, and positioning, and in platforms as well as in the midstream sector for monitoring spillage and leaks during oil or gas transportation. In addition, with a modular design, PLCs are configured in various ways, which offers oil and gas operators the ability to monitor and control different field instruments. Hence, the recovery of oil prices will lead to a number of upstream projects which will fuel the growth of this segment which in turn will drive the APAC programmable logic controller (PLC) market growth during the forecast period.
Based on the product, the segment is classified into modular, unitary, and rackmount. Modular PLCs include distinct modules that can be coupled together to build a customized controller. In addition, this segment also offers the flexibility to add more than one system, which makes the module multi-functional. Moreover, modular PLCs can be arranged in cabinets or be rail mounted for safety and security. Furthermore, these are larger in size and more expensive compared with unitary PLCs. In addition, modular PLCs have more memory and capabilities to store more data. Therefore, oil and gas and mining, where processes are highly complex, are the major end-users of modular PLCs. Hence, such factors are fuelling the growth of this segment which in turn will drive the APAC programmable logic controller (PLC) market growth during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
ABB Ltd: The company offers programmable logic controllers such as AC500 eCo, AC500, AC500 XC and AC500 S.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co., Ependion AB, Festo SE and Co. KG, Fuji Electric Co. Ltd., IDEC Corp., Infineon Technologies AG, Keyence Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Toshiba Corp.
Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The APAC programmable logic controller (PLC) market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
APAC Programmable Logic Controller (PLC) Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.83% |
Market Growth 2024-2028 |
USD 1.19 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.92 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
ABB Ltd., Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co., Ependion AB, Festo SE and Co. KG, Fuji Electric Co. Ltd., IDEC Corp., Infineon Technologies AG, Keyence Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, and Toshiba 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, and 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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