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Programmable Logic Controller (PLC) Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 120
  • SKU: IRTNTR70275
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The programmable logic controller (PLC) market size is expected to surge to USD 2.70 billion by 2026 at a CAGR of 3.51%. This research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

The programmable logic controller (PLC) market report extensively covers market segmentation by product (unitary, modular, and rackmount), end-user (process industry, discrete industry, and building automation), and geography (APAC, North America, Europe, MEA, and South America).

The programmable logic controller (PLC) market report also offers information on several market vendors, including ABB Ltd., General Electric Co., Mitsubishi Corp., OMRON Corp., Panasonic Corp., Robert Bosch GmbH, Rockwell Industries Ltd., Schneider Electric SE, Siemens AG, and Toshiba Corp. among others.

What will the Programmable Logic Controller (PLC) Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Programmable Logic Controller (PLC) Market Size for the Forecast Period and Other Important Statistics

 

Programmable Logic Controller (PLC) Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growing demand for customized and miniaturized PLCs is notably driving the programmable logic controller (PLC) market growth, although factors such as the growing market for industrial pc and DCS as substitutes 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 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 Programmable Logic Controller (PLC) Market Driver

  • One of the key factors driving the programmable logic controller (PLC) market growth is the increasing demand for compact automation solutions.
  • With the advent of the Industrial Internet of Things (IIoT), which is also called Industry 4.0 in the context of automation, challenges related to designing at a control level have increased significantly.
  • The large industrial manufacturing companies that have access to vast capital prefer to automate their manufacturing processes completely.
  • The availability of PLCs enables SMEs to utilize control-level automation at a low cost without compromising on productivity.
  • Vendors are focusing on developing flexible machine designs that incorporate inputs from OEMs, manufacturers, and system integrators.
  • Such factors enable a seamless transition from traditional automation to Industry 4.0 in the manufacturing industry, which will increase the demand for compact automation solutions and drive the growth of the global PLC market in the forecast period.

Key Programmable Logic Controller (PLC) Market Trend

  • Increasing focus on expanding the capability of micro PLCs is one of the key PLC market trends that is expected to impact the industry positively in the forecast period. 
  • Micro PLCs are rapidly becoming an indispensable solution for controlling standalone machinery in the process and discrete industries. The multiple benefits of PLC are increasing their adoption, which includes:
    • Programming flexibility
    • Ease of use
    • Communication capability within a compact structure 
    • Low price compared with traditional PLCs
  • With increasing technological advances, vendors have developed micro PLCs with high-speed communication capabilities to control large machines while featuring large program memory and capabilities to support multiple communication.
  • Such product expansions and developments in micro PLCs will increase their demand in the process and discrete industries, which will further support the market growth.

Key Programmable Logic Controller (PLC) Market Challenge

  • The growing market for industrial PC and DCS as substitutes will be a major challenge for the programmable logic controller market during the forecast period.
  • With the growing demand for automation, there has been a shift from rackmount PLCs to more generic PC-based platforms.
  • A PC-based control system offers integration of PLC control, motion control, and SCADA on a single high-performance controller platform. This has led to a greater demand for industrial PC-based control systems.
  • The advances in the development of open embedded operating systems have given rise to new-generation industrial PCs, which can combine the functionality of a PLC and an operator panel into one unit.
  • Developments in industrial PCs and DCS are expected to affect the demand for PLCs, which can be a major challenge for market growth in the coming years.

This 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.

Parent Market Analysis

Technavio categorizes the global programmable logic controller (PLC) market as a part of the global industrial machinery 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 programmable logic controller (PLC) market during the forecast period.

Who are the Major Programmable Logic Controller (PLC) Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • General Electric Co.
  • Mitsubishi Corp.
  • OMRON Corp.
  • Panasonic Corp.
  • Robert Bosch GmbH
  • Rockwell Industries Ltd.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corp.

 

This statistical study of the programmable logic controller (PLC) market encompasses successful business strategies deployed by the key vendors. The programmable logic controller (PLC) market is fragmented and the vendors are deploying growth strategies such as technological innovation to compete in the market.

Product Insights and News

  • ABB Ltd. - The company offers programmable logic controller such as AC500, AC500 eCo, AC500 S and AC500 XC.
  • ABB Ltd. - Under the electrification segment, the company manufactures and sells electrical products and solutions which are designed to provide safe, smart and sustainable electrical flow from the substation to the socket.

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 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.

Programmable Logic Controller (PLC) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the 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 chains 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.

Which are the Key Regions for Programmable Logic Controller (PLC) Market?

For more insights on the market share of various regions Request for a FREE sample now!

33% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for programmable logic controllers (PLC) in APAC. Market growth in this region will be faster than the growth of the market in Europe, MEA, and North America.

The strong industrialization, rising demand for medium-voltage and low-voltage motors, and increasing investments in the power, water and wastewater treatment, and food and beverage industries will facilitate the 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 PLC market in APAC is witnessing certain challenges due to the COVID-19 pandemic. India, Indonesia, Bangladesh, and China are some countries most affected by the pandemic in the region. The outbreak has resulted in the cancelation of various trade exhibitions in the end-user sectors in the region. However, the market regained momentum in 2021 due to the initiation of large-scale vaccination drives and the resumption of business operations in the region. Thus, the growing application of factory automation in the EV industry is expected to drive the growth of the market during the forecast period.

What are the Revenue-generating Product Segments in the Programmable Logic Controller (PLC) Market?

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The programmable logic controller (PLC) market share growth by the unitary segment will be significant during the forecast period.  Unitary PLCs can be directly attached to the device or application being used. They are the most commonly used PLCs owing to their simple design and low cost, which made this segment the largest contributor to the global PLC market. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the programmable logic controller (PLC) market size and actionable market insights on post COVID-19 impact on each segment.

 

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 3.51%

Market growth 2022-2026

$ 2.70 billion

Market structure

Fragmented

YoY growth (%)

2.76

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 33%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ABB Ltd., General Electric Co., Mitsubishi Corp., OMRON Corp., Panasonic Corp., Robert Bosch GmbH, Rockwell Industries Ltd., 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, 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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What are the Key Data Covered in this Programmable Logic Controller (PLC) Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive programmable logic controller (PLC) market growth during the next five years
  • Precise estimation of the programmable logic controller (PLC) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the programmable logic controller (PLC) industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of programmable logic controller (PLC) market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 25: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 26: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 27: Chart on Comparison by Product
      • Exhibit 28: Data Table on Comparison by Product
    • 5.3 Unitary - Market size and forecast 2021-2026
      • Exhibit 29: Chart on Unitary - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Data Table on Unitary - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Chart on Unitary - Year-over-year growth 2021-2026 (%)
      • Exhibit 32: Data Table on Unitary - Year-over-year growth 2021-2026 (%)
    • 5.4 Modular - Market size and forecast 2021-2026
      • Exhibit 33: Chart on Modular - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Data Table on Modular - Market size and forecast 2021-2026 ($ million)
      • Exhibit 35: Chart on Modular - Year-over-year growth 2021-2026 (%)
      • Exhibit 36: Data Table on Modular - Year-over-year growth 2021-2026 (%)
    • 5.5 Rackmount - Market size and forecast 2021-2026
      • Exhibit 37: Chart on Rackmount - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Data Table on Rackmount - Market size and forecast 2021-2026 ($ million)
      • Exhibit 39: Chart on Rackmount - Year-over-year growth 2021-2026 (%)
      • Exhibit 40: Data Table on Rackmount - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 41: Market opportunity by Product ($ million)

    6 Market Segmentation by End-user

    • 6.1 Market segments
      • Exhibit 42: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 43: Data Table on End-user - Market share 2021-2026 (%)
    • 6.2 Comparison by End-user
      • Exhibit 44: Chart on Comparison by End-user
      • Exhibit 45: Data Table on Comparison by End-user
    • 6.3 Process industry - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Process industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Process industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Process industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Process industry - Year-over-year growth 2021-2026 (%)
    • 6.4 Discrete industry - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Discrete industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Discrete industry - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Discrete industry - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Discrete industry - Year-over-year growth 2021-2026 (%)
    • 6.5 Building automation - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Building automation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Building automation - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Building automation - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Building automation - Year-over-year growth 2021-2026 (%)
    • 6.6 Market opportunity by End-user
      • Exhibit 58: Market opportunity by End-user ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Geographic Landscape

    • 8.1 Geographic segmentation
      • Exhibit 60: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 61: Data Table on Market share by geography 2021-2026 (%)
    • 8.2 Geographic comparison
      • Exhibit 62: Chart on Geographic comparison
      • Exhibit 63: Data Table on Geographic comparison
    • 8.3 APAC - Market size and forecast 2021-2026
      • Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 8.4 North America - Market size and forecast 2021-2026
      • Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 8.5 Europe - Market size and forecast 2021-2026
      • Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 8.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 8.7 South America - Market size and forecast 2021-2026
      • Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 8.8 US - Market size and forecast 2021-2026
      • Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 8.9 China - Market size and forecast 2021-2026
      • Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 8.10 Japan - Market size and forecast 2021-2026
      • Exhibit 92: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 93: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 94: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 95: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 8.11 Germany - Market size and forecast 2021-2026
      • Exhibit 96: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 97: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 98: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 99: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 8.12 UK - Market size and forecast 2021-2026
      • Exhibit 100: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 101: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 102: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 103: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 8.13 Market opportunity by geography
      • Exhibit 104: Market opportunity by geography ($ million)

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 105: Impact of drivers and challenges in 2021 and 2026
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 107: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 108: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 109: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 110: Matrix on vendor position and classification
            • 11.3 ABB Ltd.
              • Exhibit 111: ABB Ltd. - Overview
              • Exhibit 112: ABB Ltd. - Business segments
              • Exhibit 113: ABB Ltd. - Key news
              • Exhibit 114: ABB Ltd. - Key offerings
              • Exhibit 115: ABB Ltd. - Segment focus
            • 11.4 Emerson Electric Co.
              • Exhibit 116: Emerson Electric Co. - Overview
              • Exhibit 117: Emerson Electric Co. - Business segments
              • Exhibit 118: Emerson Electric Co. - Key news
              • Exhibit 119: Emerson Electric Co. - Key offerings
              • Exhibit 120: Emerson Electric Co. - Segment focus
            • 11.5 Mitsubishi Electric Corp.
              • Exhibit 121: Mitsubishi Electric Corp. - Overview
              • Exhibit 122: Mitsubishi Electric Corp. - Business segments
              • Exhibit 123: Mitsubishi Electric Corp. - Key news
              • Exhibit 124: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 125: Mitsubishi Electric Corp. - Segment focus
            • 11.6 OMRON Corp.
              • Exhibit 126: OMRON Corp. - Overview
              • Exhibit 127: OMRON Corp. - Business segments
              • Exhibit 128: OMRON Corp. - Key news
              • Exhibit 129: OMRON Corp. - Key offerings
              • Exhibit 130: OMRON Corp. - Segment focus
            • 11.7 Panasonic Corp.
              • Exhibit 131: Panasonic Corp. - Overview
              • Exhibit 132: Panasonic Corp. - Business segments
              • Exhibit 133: Panasonic Corp. - Key offerings
              • Exhibit 134: Panasonic Corp. - Segment focus
            • 11.8 Parker Hannifin Corp.
              • Exhibit 135: Parker Hannifin Corp. - Overview
              • Exhibit 136: Parker Hannifin Corp. - Business segments
              • Exhibit 137: Parker Hannifin Corp. - Key news
              • Exhibit 138: Parker Hannifin Corp. - Key offerings
              • Exhibit 139: Parker Hannifin Corp. - Segment focus
            • 11.9 Rockwell Automation Inc.
              • Exhibit 140: Rockwell Automation Inc. - Overview
              • Exhibit 141: Rockwell Automation Inc. - Business segments
              • Exhibit 142: Rockwell Automation Inc. - Key news
              • Exhibit 143: Rockwell Automation Inc. - Key offerings
              • Exhibit 144: Rockwell Automation Inc. - Segment focus
            • 11.10 Schneider Electric SE
              • Exhibit 145: Schneider Electric SE - Overview
              • Exhibit 146: Schneider Electric SE - Business segments
              • Exhibit 147: Schneider Electric SE - Key news
              • Exhibit 148: Schneider Electric SE - Key offerings
              • Exhibit 149: Schneider Electric SE - Segment focus
            • 11.11 Siemens AG
              • Exhibit 150: Siemens AG - Overview
              • Exhibit 151: Siemens AG - Business segments
              • Exhibit 152: Siemens AG - Key news
              • Exhibit 153: Siemens AG - Key offerings
              • Exhibit 154: Siemens AG - Segment focus
            • 11.12 Toshiba Corp.
              • Exhibit 155: Toshiba Corp. - Overview
              • Exhibit 156: Toshiba Corp. - Business segments
              • Exhibit 157: Toshiba Corp. - Key news
              • Exhibit 158: Toshiba Corp. - Key offerings
              • Exhibit 159: Toshiba Corp. - Segment focus

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 160: Inclusions checklist
                • Exhibit 161: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 162: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 163: Research methodology
                • Exhibit 164: Validation techniques employed for market sizing
                • Exhibit 165: Information sources
              • 12.5 List of abbreviations
                • Exhibit 166: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The programmable logic controller (plc) market market growth will increase by $$ 2.70 bn during 2023-2026.
              The programmable logic controller (plc) market market is expected to grow at a CAGR of 3.51% during 2023-2026.
              Technavio has segmented the programmable logic controller (plc) market market by product (Unitary, Modular, and Rackmount) ,end-user (Process industry, Discrete industry, and Building automation) , and geography (APAC, North America, Europe, Middle East and Africa, and South America).
              ABB Ltd., Beckhoff Automation GmbH and Co. KG, Beijer Electronics Group AB, Eaton Corp. Plc, Emerson Electric Co., Festo SE and Co. KG, Fuji Electric Co. Ltd., IDEC Corp., Keyence Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Panasonic Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., Infineon Technologies AG are a few of the key vendors in the programmable logic controller (plc) market market.
              APAC will register the highest growth rate of 33% among the other regions. Therefore, the programmable logic controller (plc) market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the programmable logic controller (plc) market market growth are:
              • increasing demand for compact automation solutions

                With the advent of the Industrial Internet of Things (IIoT), which is also called Industry 4.0 in the context of automation, challenges related to designing at a control level have increased significantly. IIoT provides various benefits, such as real-time communication and reliability. It also increases the efficiency of industrial automation control systems. The use of IIoT for manufacturing and factory automation enables smart maintenance, distributed intelligence systems, and predictive analytics. However, the rising adoption of IoT-enabled devices is causing design challenges related to the reduction of price and the attainment of the benefits of factory automation for manufacturers and system integrators. 

                Factory automation processes can be divided into three levels for control which are the field level, the control level, and the operator level. The field level includes I/O modules, sensors, and actuators; the control level includes PLCs, SCADA, motor drives, as well as controllers and DCS; the operator level includes HMI. Most large industrial manufacturing companies that have access to vast capital have automated their manufacturing processes completely. However, moving to automated processes is challenging for small and medium-sized enterprises (SMEs) due to budget constraints. Hence, most SMEs look for small form factors that can provide the same functionalities and features of large devices while consuming lesser power. The availability of PLCs enables SMEs to utilize control-level automation at a low cost without compromising on productivity. Some vendors have developed PLCs that can stack multiple PLCs and handle a large number of I/O points with a maximum number of analog I/O. Vendors are also swiftly changing the features of their products based on end-user requirements. All these factors enable a seamless transition from traditional automation to Industry 4.0 in the manufacturing industry. Therefore, the increasing demand for compact automation solutions is expected to drive the growth of the global PLC market during the forecast period.


              • Increasing focus on expanding capability of micro PLCs

                Micro PLCs are rapidly becoming an indispensable solution for controlling standalone machinery in the process and discrete industries. Benefits such as 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. Recent advances in product design and features have increased their capabilities and applications in the industrial end-user segments. 

                 The initial versions of micro PLCs were specifically designed as a cost-efficient solution for controlling small machinery with basic serial communication. However, with increasing technological advances, vendors have developed micro PLCs with high-speed communication capabilities to control large machines while featuring large program memory and capabilities to support multiple communication. Moreover, some vendors are providing additional features, such as analog and temperature I/O expansion modules, to already launched products to increase their effectiveness. This is helping micro PLCs expand their capability for machine and process control applications. Such PLCs also include communication capabilities with support for Modbus Remote Terminal Unit (RTU), Transmission Control Protocol (TCP), American Standard Code for Information Interchange (ASCII), EtherNet/IP, and other custom communication protocols. Such developments are aimed at increasing product features and providing effective compact PLCs as a cost-effective option for various process control purposes, including data logging. Such product expansions and developments in micro PLCs will increase their demand in the process and discrete industries. This is expected to have a positive impact on the growth of the global PLC market during the forecast period.


              The programmable logic controller (plc) market market vendors should focus on grabbing business opportunities from the unitary segment as it accounted for the largest market share in the base year.
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