Programmable Logic Controller (PLC) Market Analysis APAC, North America, Europe, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Dec 2023 Pages: 185 SKU: IRTNTR70275

Programmable Logic Controller (PLC) Market Forecast 2023-2027

The programmable logic controller (PLC) market is estimated to grow by USD 3,289.73 million at a CAGR of 4.1% between 2022 and 2027. The growth of the market depends on several factors, increasing demand for compact automation solutions, demand for PLCs in renewable power generation, and the requirement for PLCs in smart factories. 

It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

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

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Technavio’s Exclusive Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Key Drivers, Trends, and Challenges

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. 

Key  Driver

The demand for PLCs in renewable power generation is notably driving the market growth. The monitoring and management of wind turbine operations are done by a PLC. It handles everything from hydraulics to the blade angle of the nacelle. In wind turbines, various sensors for measuring wind speed, wind direction, and shaft rotation speed are installed. These sensors gather and transmit data to the PLC. The wind turbine's main control system, also known as the controller, can use this data to control the turbine and optimize the blades to produce the most power. Due to their design, wind turbines, especially offshore wind turbines, can be installed and operated in a variety of harsh environments. As a result, PLCs can be used for monitoring, which is crucial for low maintenance and optimal power generation.

Many solar panels are arranged in an array to form a solar PV farm. Solar panels must be monitored for current and voltage in order to operate at their best. A data-logging system is also required to monitor environmental and operational parameters. Consumers can store data and retrieve it from this data logger as needed, which keeps them informed about the behavior and performance of the solar panels. Due to improvements in power generation technology and regulatory support for renewable energy projects, both solar and wind power have seen rapid growth. Therefore, the need for the proper handling of these energy sources will augment the demand for PLCs for efficient data handling, monitoring, and control capabilities, which will drive the growth of the global programmable logic controller market during the forecast period.


Significant Trends

The increasing focus on expanding the capability of micro PLCs is an emerging trend in market growth. For controlling standalone machinery in the process and discrete industries, micro PLCs are rapidly turning into an essential tool. The use of micro-PLCs is growing as a result of advantages like flexible programming, ease of use, communication capability within a small structure, and affordability compared to traditional PLCs. Recent improvements in product features and design have also expanded their capabilities and end-user industrial applications.

Micro-PLCs were initially created specifically as a low-cost method of controlling small machinery using simple serial communication. However, as technology has advanced, vendors have created micro-PLCs with multiple communication channels and high-speed communication capabilities to control large machines. These micro-PLCs also have a large program memory. Additionally, some vendors are adding extra features to already released products to boost their efficiency, such as analog and temperature I/O expansion modules. Micro-PLCs can now be used for more machine and process control applications thanks to this. Therefore, such factors are expected to have a positive impact on the growth of the global market during the forecast period.


Major  Challenge

The growing market for industrial PC and DCS as substitutes are major challenges impeding market growth. There has been a transition from rackmount PLCs to more open-ended PC-based platforms due to the rising demand for automation. PLC control, motion control, and SCADA are all integrated into one high-performance controller platform with a PC-based control system. Industrial PC-based control systems are now in higher demand as a result of this. New-generation industrial PCs, which can combine the functionality of a PLC and an operator panel into one device, have been made possible by developments in open embedded operating systems.

Similar to these and industrial PCs, DCS is another control system that provides distinct advantages over distributed systems. The enhancement of DCS's application areas is another priority for DCS vendors. For the discrete manufacturing, petrochemical, oil and gas, and life sciences industries, which must rely on complex, non-integrated PLCs with limited capabilities, they are launching new PLCs. Hence, such factors will be a major challenge for the growth of the global market during the forecast period.

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

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 key offerings of the company include an AC 500 programmable logic controller, which is designed to be used for high-speed machinery and networking solution applications.

Emerson Electric Co. - The key offerings of the company include the RX3i CPE330 automation controller, which is designed with a single control engine and universal programming to provide application portability across multiple hardware platforms.

We also have detailed analyses of the market’s competitive landscape and offer information on 15 market vendors, including:

  • Beckhoff Automation GmbH and Co. KG
  • Beijer Electronics Group AB
  • Eaton Corp. Plc
  • Festo SE and Co. KG
  • Fuji Electric Co. Ltd.
  • IDEC Corp.
  • Lenze SE
  • OMRON Corp.
  • Robert Bosch GmbH
  • Rockwell Automation Inc.
  • Schneider Electric SE
  • Siemens AG
  • Keyence Corp.
  • Parker Hannifin Corp.
  • Panasonic Holdings Corp.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Market Segmentation by Product, End-user, and Geography:

Product Segment Analysis: 

The modular segment will contribute a major share of the market, as these comprise distinct modules that can be coupled together to build a customized controller. The segment showed a gradual increase in market share with USD 4,775.73 million in 2017 and continued to grow by 2021. These allow for the addition of multiple systems, making each module multi-functional.

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For safety and security, modular PLCs can be mounted on rails or organized in cabinets. Compared to unitary PLCs, these are more expensive and larger in size. These are primarily utilized in applications that require a large number of inputs and outputs, such as process control in the manufacturing sector to regulate process lines. The primary end-users of modular PLCs are end-user industries with highly complex processes, like oil, gas, and mining. Modular are also used in sectors like the automotive industry to increase material handling capacity by adding I/O modules. End users are rapidly adopting modular for future expansion due to the increasing complexity of plants. Additionally, the enhanced memory module provided by modular facilitates faster work for end users.  Hence, all these factors will significantly drive the growth of this segment during the forecast period.

End-user Segment Analysis: 

Due to the growing use of these in sectors like oil and gas, chemical and petrochemical, power, water and wastewater treatment, and food and beverage, the process industry segment commands the largest share of the global market. These are used in the oil and gas industry for upstream tasks like drilling, mooring, and positioning as well as on platforms and in the midstream sector for tracking spills and leaks during oil or gas transportation. Due to their robust construction, low power consumption, and capability to handle the lower-bandwidth communication networks between the Supervisory Control and Data Acquisition (SCADA) and the Remote Terminal Units (RTUs), Remote Terminal Units (RTUs) are typically the first choice of control systems in the upstream oil and gas industry and the production site. These are also used in the downstream oil and gas industry to automatically detect and verify the integrity of field sensors as well as to continuously monitor safety-critical operations. This is one of the major factors driving the chemical and petrochemical industry's demand for these. Hence, all these factors will significantly drive the growth of this segment during the forecast period

Regional Analysis:

APAC is estimated to contribute 32% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

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The APAC programmable logic controller market is anticipated to expand significantly over the course of the forecast. Countries like China, Japan, India, Vietnam, South Korea, Malaysia, and Australia will be the ones driving the market's growth. Due to their rapid industrialization, growing need for medium- and low-voltage motors, and rising investments in power, water and wastewater treatment, food and beverage, and other industries. 

These in the automotive industry in APAC are expanding due to government initiatives, a robust industrial base, and rising regional demand for vehicles. Both passenger and commercial vehicle demand has been rising in the area. Automobile-related trade policies are anticipated to encourage investment in APAC. Furthermore, due to a significant increase in offshore and onshore oil and gas activities as a result of the stability of the crude oil price during the forecast period, the oil and gas industry in APAC is also anticipated to expand. Numerous new mining and oil and gas exploration projects are being launched by nations like China and India. Additionally, the demand for food safety and inspection systems in the region has also increased as a result of the expansion of operations of international food and beverage companies in APAC. In order to compete with international vendors, many SMEs have begun implementing automated material handling and packaging systems. Major food and beverage companies are drawn to APAC by the region's rapidly expanding food and beverage market. Therefore, all the abovementioned factors will fuel the regional market during the forecast period.

Segment Overview

The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the lmarket growth and trends  opportunities from 2017 to 2027. 

  • Product Outlook (USD Million, 2017 - 2027)
    • Modular
    • Unitary
    • Rackmount
  • End-user Outlook (USD Million, 2017 - 2027)
    • Process industry
    • Discrete industry
    • Building automation
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Market Analyst Overview

The market is driven by the increasing adoption of automation in various industries. PLCs play a crucial role in industrial processes by providing reliable control, easy programming, and operation fault diagnosis. They are widely used in automated machines and manufacturing processes to minimize errors or flaws and reduce machine downtime, thereby improving manufacturing efficiency.

Manufacturers are focusing on developing PLCs with multi-functionality, smaller sizes, and high-speed Ethernet and built-in wireless capabilities to meet the demand for scalability and flexibility in industrial automation. The market is also witnessing a shift towards cloud-based controllers and PC-based controllers to enable remote monitoring and control of industrial processes. The Asia-Pacific region is expected to witness significant growth in the market due to the increasing adoption of robotic process automation (RPA), artificial intelligence (AI), and the electrification of vehicles. The market is also influenced by macroeconomic factors and geopolitical issues like the Russia-Ukraine war, which can impact the overall economic conditions and industrial sector.

Programmable Logic Controller (PLC) Market Scope

Report Coverage

Details

Page number

183

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.1%

Market growth 2023-2027

USD 3,289.73 million

Market structure

Fragmented

YoY growth 2022-2023(%)

3.3

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 32%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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 Holdings Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Infineon Technologies AG

Market dynamics

Parent market analysis, Market Forecasting, 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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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
  • Precise estimation of the size of the market size and its contribution to the parent market
  • Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
  • Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
  • Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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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 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global programmable logic controller (PLC) market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global programmable logic controller (plc) market 2018 - 2022 ($ million)
    • 4.2 Product Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Segment 2018 - 2022 ($ million)
    • 4.3 End-user Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Modular - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Modular - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Modular - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Modular - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Modular - Year-over-year growth 2023-2028 (%)
    • 6.4 Unitary - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Unitary - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Unitary - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Unitary - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Unitary - Year-over-year growth 2023-2028 (%)
    • 6.5 Rackmount - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Rackmount - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Rackmount - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Rackmount - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Rackmount - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Product
      • Exhibit 46: Market opportunity by Product ($ million)
      • Exhibit 47: Data Table on Market opportunity by Product ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 48: Chart on End-user - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on End-user - Market share 2023-2028 (%)
    • 7.2 Comparison by End-user
      • Exhibit 50: Chart on Comparison by End-user
      • Exhibit 51: Data Table on Comparison by End-user
    • 7.3 Process industry - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Process industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 53: Data Table on Process industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 54: Chart on Process industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Process industry - Year-over-year growth 2023-2028 (%)
    • 7.4 Discrete industry - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Discrete industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 57: Data Table on Discrete industry - Market size and forecast 2023-2028 ($ million)
      • Exhibit 58: Chart on Discrete industry - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Discrete industry - Year-over-year growth 2023-2028 (%)
    • 7.5 Building automation - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Building automation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Building automation - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Building automation - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Building automation - Year-over-year growth 2023-2028 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 64: Market opportunity by End-user ($ million)
      • Exhibit 65: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 67: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 69: Chart on Geographic comparison
      • Exhibit 70: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2023-2028
      • Exhibit 71: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 72: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 73: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 74: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.4 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Japan - Market size and forecast 2023-2028
      • Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 UK - Market size and forecast 2023-2028
      • Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 111: Market opportunity by geography ($ million)
      • Exhibit 112: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 113: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 115: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 116: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 117: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 118: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 119: ABB Ltd. - Overview
              • Exhibit 120: ABB Ltd. - Business segments
              • Exhibit 121: ABB Ltd. - Key offerings
              • Exhibit 122: ABB Ltd. - Segment focus
            • 12.4 Beckhoff Automation GmbH and Co. KG
              • Exhibit 123: Beckhoff Automation GmbH and Co. KG - Overview
              • Exhibit 124: Beckhoff Automation GmbH and Co. KG - Product / Service
              • Exhibit 125: Beckhoff Automation GmbH and Co. KG - Key offerings
            • 12.5 Eaton Corp. Plc
              • Exhibit 126: Eaton Corp. Plc - Overview
              • Exhibit 127: Eaton Corp. Plc - Business segments
              • Exhibit 128: Eaton Corp. Plc - Key news
              • Exhibit 129: Eaton Corp. Plc - Key offerings
              • Exhibit 130: Eaton Corp. Plc - Segment focus
            • 12.6 Emerson Electric Co.
              • Exhibit 131: Emerson Electric Co. - Overview
              • Exhibit 132: Emerson Electric Co. - Business segments
              • Exhibit 133: Emerson Electric Co. - Key news
              • Exhibit 134: Emerson Electric Co. - Key offerings
              • Exhibit 135: Emerson Electric Co. - Segment focus
            • 12.7 IDEC Corp.
              • Exhibit 136: IDEC Corp. - Overview
              • Exhibit 137: IDEC Corp. - Business segments
              • Exhibit 138: IDEC Corp. - Key offerings
              • Exhibit 139: IDEC Corp. - Segment focus
            • 12.8 Infineon Technologies AG
              • Exhibit 140: Infineon Technologies AG - Overview
              • Exhibit 141: Infineon Technologies AG - Business segments
              • Exhibit 142: Infineon Technologies AG - Key news
              • Exhibit 143: Infineon Technologies AG - Key offerings
              • Exhibit 144: Infineon Technologies AG - Segment focus
            • 12.9 Mitsubishi Electric Corp.
              • Exhibit 145: Mitsubishi Electric Corp. - Overview
              • Exhibit 146: Mitsubishi Electric Corp. - Business segments
              • Exhibit 147: Mitsubishi Electric Corp. - Key news
              • Exhibit 148: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 149: Mitsubishi Electric Corp. - Segment focus
            • 12.10 OMRON Corp.
              • Exhibit 150: OMRON Corp. - Overview
              • Exhibit 151: OMRON Corp. - Business segments
              • Exhibit 152: OMRON Corp. - Key news
              • Exhibit 153: OMRON Corp. - Key offerings
              • Exhibit 154: OMRON Corp. - Segment focus
            • 12.11 Panasonic Holdings Corp.
              • Exhibit 155: Panasonic Holdings Corp. - Overview
              • Exhibit 156: Panasonic Holdings Corp. - Product / Service
              • Exhibit 157: Panasonic Holdings Corp. - Key news
              • Exhibit 158: Panasonic Holdings Corp. - Key offerings
            • 12.12 Parker Hannifin Corp.
              • Exhibit 159: Parker Hannifin Corp. - Overview
              • Exhibit 160: Parker Hannifin Corp. - Business segments
              • Exhibit 161: Parker Hannifin Corp. - Key news
              • Exhibit 162: Parker Hannifin Corp. - Key offerings
              • Exhibit 163: Parker Hannifin Corp. - Segment focus
            • 12.13 Robert Bosch GmbH
              • Exhibit 164: Robert Bosch GmbH - Overview
              • Exhibit 165: Robert Bosch GmbH - Business segments
              • Exhibit 166: Robert Bosch GmbH - Key news
              • Exhibit 167: Robert Bosch GmbH - Key offerings
              • Exhibit 168: Robert Bosch GmbH - Segment focus
            • 12.14 Rockwell Automation Inc.
              • Exhibit 169: Rockwell Automation Inc. - Overview
              • Exhibit 170: Rockwell Automation Inc. - Business segments
              • Exhibit 171: Rockwell Automation Inc. - Key news
              • Exhibit 172: Rockwell Automation Inc. - Key offerings
              • Exhibit 173: Rockwell Automation Inc. - Segment focus
            • 12.15 Schneider Electric SE
              • Exhibit 174: Schneider Electric SE - Overview
              • Exhibit 175: Schneider Electric SE - Business segments
              • Exhibit 176: Schneider Electric SE - Key news
              • Exhibit 177: Schneider Electric SE - Key offerings
              • Exhibit 178: Schneider Electric SE - Segment focus
            • 12.16 Siemens AG
              • Exhibit 179: Siemens AG - Overview
              • Exhibit 180: Siemens AG - Business segments
              • Exhibit 181: Siemens AG - Key news
              • Exhibit 182: Siemens AG - Key offerings
              • Exhibit 183: Siemens AG - Segment focus
            • 12.17 Toshiba Corp.
              • Exhibit 184: Toshiba Corp. - Overview
              • Exhibit 185: Toshiba Corp. - Business segments
              • Exhibit 186: Toshiba Corp. - Key news
              • Exhibit 187: Toshiba Corp. - Key offerings
              • Exhibit 188: Toshiba Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 189: Inclusions checklist
                • Exhibit 190: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 191: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 192: Research methodology
                • Exhibit 193: Validation techniques employed for market sizing
                • Exhibit 194: Information sources
              • 13.5 List of abbreviations
                • Exhibit 195: 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.

              INFORMATION 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

              DATA 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

              REPORT 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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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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              • Data on revenue-generating market segments
              • Details on the market shares of various regions
              • Five-force market analysis