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Base Year: 2024
Companies covered: 15
Tables & Figures: 460
Countries covered: 21
Pages: 200
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Programmable Logic Controller (PLC) Market
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Programmable Logic Controller (PLC) Market Size
The global programmable logic controller market size was valued at USD 11.7 billion in 2024 and is anticipated to grow at a CAGR of 10.4% to reach USD 31.4 billion by 2034. The growth of the market is attributed to factors such as the adoption of Industry 4.0 & twin digital initiatives and the surging demand for electric vehicles.
The surging demand for electric vehicle is driving significant growth in the PLC market, specifically in automotive industry as PLC driven system are crucial for automation of electric vehicles manufacturing processes. According to a report published by IBEF, the in 2023 the global electric vehicle market was valued at USD 255.5 billion and is expected to reach USD 2,108.8 billion by 2033, growing at a CAGR of 23.4% during the forecast period. Automakers are adopting PLC based solutions to cater the growing demand for EV by automating the production line, improving efficiency and scalability. Moreover, PLC based solutions are crucial for battery production and complex assembly line as they offer maximum productivity while reducing the down time.
The increasing adoption of Industry 4.0 and digital twin initiatives is driving the growth for PLC market. Industry 4.0 initiatives focus on Automation, AI based analytics and machine communication which relies on advanced PLC system, as these systems offers high-speed connectivity and cloud computing capabilities. Moreover, PLC based systems with digital twin technology creates a virtual replica and allows manufacturers to test and optimize performance without affecting physical operation. PLC systems are crucial for real time data monitoring and feeding into digital twin technology. The demand for PLC market continues to grow, making them essential in smart manufacturing industries.
Wide adoption of digital twin across various industry verticals is expected to create new opportunities for PLC manufacturers. PLC companies can focus on development of digital- twin compatible PLC that aid manufactures in increasing their efficiency. Through introduction of new products PLC manufacturers can strengthen their position in smart manufacturing landscape.
Programmable Logic Controller Market Trends
Programmable Logic Controller Market Analysis
The market, based on the type is categorized into modular, compact, and rack-mounted PLCs.
The programmable logic controller market, based on the end-use is bifurcated into aerospace & defense, automotive, chemical, energy & utilities, food & beverages, healthcare, manufacturing, mining & metal, oil & gas, and transportation.
The programmable logic controller market, based on the component is categorized into software, hardware, and services.
The North America region held 34.4% of the global PLC market share in 2024. The growth of the PLC market in the region is attributed to increasing smart infrastructure initiatives and Industry 4.0 adoption. Major countries of the region are heavily investing in AI and IoT integrated PLC systems for automation and predictive maintenance in automotive, aerospace and manufacturing industries.
The Europe region held 24.7% of the global programmable logic controller market share in 2024. Major countries such as Germany, Italy, France are leaders in automotive robotics and industrial automation, where PLC system is crucial for smart manufacturing, enhancing precision and efficiency. Additionally, adoption of PLC system in renewable energy management and the push for advanced industrial automation is further pushing the growth of PLC market in the region.
The Asia-Pacific region held 33.3% of the global programmable logic controller market share in 2024. The increasing adoption of factory automation and semiconductor manufacturing are the key growth drivers in the region. Manufacturers are concentrating upon proficient AI driven PLC systems for productivity enhancement, as well as high-precision PLC systems for semiconductor production.
The Latin America region held 2.9% of the global programmable logic controller market share in 2024. The increasing demand for agricultural automation and automation in food packaging drives the demand for the programmable logic controller solution. PLC driven automated systems are being implemented across industries to enhance productivity.
The MEA region held 4.3% of the global programmable logic controller market share in 2024. The increasing adoption of PLC systems in food and beverage packaging industry coupled with the development of smart grid for enhanced energy distribution and renewable energy integration are some of the key growth drivers in the region.
Programmable Logic Controller Market Share
The market is highly competitive and fragmented with the presence of established global players as well as local players and startups. The top 5 companies in the global market are Siemens AG, Rockwell Automation Inc, Mitsubishi Electric Corporation, Schneider Electric SE, and Omron Corporation, collectively accounting for share of over 35%. Major key leaders of the market are investing in AI powered automation and cloud-based PLC solutions to enhance real time data monitoring and operational efficiency for predictive maintenance significantly reducing the downtime.
The next-generation PLC systems are focusing towards the higher processing speed capabilities and cybersecurity enhancements to cater the growing demand for smart manufacturing, industrial automation and food processing while meeting the regulatory requirements.
The adoption of AI and ML in smart manufacturing industry and IoT is fuelling the demand for the advanced PLC systems which can optimize the process ensuring maximum efficiency for improved decision-making in smart manufacturing industries. AI powered predictive maintenance and real time data monitoring are improving efficiency and reducing operational costs around several industries. Additionally, Government’s initiative such as U.S. CHIPS Act and Industry 4.0 adoption in Europe are further pushing investment towards PLC driven solutions for domestic manufacturing and to strengthen regions competitive landscape.
Programmable Logic Controller Market Companies
The market features several prominent players, including:
Siemens AG is a market leader in market and offers SIMATIC S7 PLC series systems, which are highly reliable and flexible. S7-1500 PLC systems support various input/outports making them ideal for high memory requirements applications. Moreover, S7- 1200 PLCs are compact modular systems and caters various small scale business applications due to its scalability features.
Rockwell Automation, Inc. is a close competitor operating in the same market vertical. Their MicroLogic 1000 series for PLC system supports upto 32 input/output ports and are highly preferred by small scale business. Moreover, the company offers ControlLogix series, which aims to enhance PLC systems performance and scalability features for large scale business.
Programmable Logic Controller Market News
The programmable logic controller market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2021 to 2034, for the following segments:
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Market, By Type
Market, By Component
Market, By End Use
The above information has been provided for the following regions and countries: