Programmable Logic Controller (PLC) Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRTNTR70275
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The programmable logic controller (PLC) market size has the potential to grow by USD 2.39 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.21%. 

This report provides a detailed analysis of the market by product (unitary, modular, and rackmount), end-user (process industry, discrete industry, and building automation), geography (APAC, North America, Europe, MEA, and South America), and key vendors. 

Market Overview

Programmable-Logic-Controller-(PLC)-Market-Market-Size-2020-2025

Browse TOC and LoE with selected illustrations and example pages of Programmable Logic Controller (PLC) Market

 Request a FREE sample now!

Market Competitive Analysis

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.

 

The programmable logic controller (PLC) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as growing demand for customized and miniaturized PLCs to achieve growth opportunities. However, factors such as growing market for industrial PC and DCS as substitutes will challenge the growth of the market participants. 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.

Download a free sample of the programmable logic controller (PLC) market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This programmable logic controller (PLC) market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

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

  • The growing demand for customized and miniaturized PLCs will be one of the key factors driving the growth of this global market during the next few years.
  • End-users are increasingly demanding customized PLCs catering to their specific needs with the growing adoption of automation in industries and increasing complexity in different automation processes.
  • These tailor-made or customized PLCs solve issues including space limitation and process complexity, often associated with conventional PLCs.
  • Several PLC market players are offering customized PLCs for small, medium, or large machines. 
  • Technological developments is one of the key trends driving the growth of the market during the forecast period
  • The reduction in the size of circuit boards, controllers, and semiconductors has encouraged the manufacturers to equip PLCs with faster processors, new communication features, and added memory capacity. 
  • For instance, Maxim Integrated introduced the Pocket I/O PLC development platform in December 2016. 
  • Such innovative launches by the PLC market players is further expected to boost the market’s growth.

 

Grab your Free Sample now to unlock further information on other key market drivers

Programmable Logic Controller (PLC) Market: Segmentation by Geography

Programmable-Logic-Controller-(PLC)-Market-Market-Share-by-Region-2020-2025

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 controller (PLC) in APAC. Market growth in this region will be slower than the growth of the market in South America.

Strong industrialization is one of the prime factors that will facilitate the programmable logic controller (PLC) market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Programmable Logic Controller (PLC) Market: Segmentation by Product

Programmable-Logic-Controller-(PLC)-Market-Market-Share-by-Product-2020-2025

Request for a FREE sample and Get more information on the market contribution of various segments

Unitary PLCs are the simplest types of PLCs, which are used for simple processes. In a unitary PLC, there are a set of input/output (I/O) points with all components such as power systems and CPU integrated together in a single housing or box. 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. Hence the market segment will record a slow growth rate during the forecast period.

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

 

Event-Tickets-Market-Report

Request for a FREE sample

Programmable Logic Controller (PLC) Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • 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

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Programmable Logic Controller (PLC) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 3%

Market growth 2021-2025

$ 2.39 billion

Market structure

Fragmented

YoY growth (%)

2.56

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

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 future consumer dynamics, market condition analysis for 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.

Read More Read Less

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
Interested in this report?
Get your FREE sample now!
The programmable logic controller (plc) market growth will increase by $2394.18 million during 2020-2025.
The programmable logic controller (plc) market is expected to grow at a CAGR of 3.21% during 2020-2025.
Technavio has segmented the programmable logic controller (plc) market by product (Unitary, Modular, and Rackmount) ,end user (Process industry, Discrete industry, and Building automation) , and geographic (APAC, North America, Europe, MEA, and South America).
ABB Ltd., General Electric Co., Mitsubishi Corp., OMRON Corp., Panasonic Corp., Robert Bosch GmbH, Rockwell Industries Ltd., Schneider Electric SE, Siemens AG, Toshiba Corp. are a few of the key vendors in the programmable logic controller (plc) market.
APAC will register the highest growth rate of 32.66% among the other regions. Therefore, the programmable logic controller (plc) 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 growth are:
  • Increasing demand for compact automation solutions
The programmable logic controller (plc) market vendors should focus on grabbing business opportunities from the unitary segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Industrials
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>