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Programmable Logic Controller (PLC) Market Share

Report ID: GMI7832
Published Date: Jan 2024
Report Format: PDF

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Programmable Logic Controller Market Share

Players operating in the programmable logic controller (PLC) industry focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.

Programmable Logic Controller Market Companies

Some of the major companies operating in the programmable logic controller industry are:

Siemens AG
Rockwell Automation, Inc.
Mitsubishi Electric Corporation
Schneider Electric SE
Omron Corporation
General Electric Company (GE)
ABB Group

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of programmable logic controller reached USD 10 billion in 2023 and is set to expand at a CAGR of over 10% from 2024 to 2032, owing to the increasing demand for sophisticated automation and data integration in industrial processes.

The manufacturing segment dominated the market in 2023 with a share of over 18% and will continue to grow backed by the integration of Industry 4.0 principles, such as smart factories and the Industrial Internet of Things (IIoT).

North America market held a revenue share of over 30% in 2023, due to the region's increased emphasis on industrial automation, Industry 4.0 adoption, and a healthy manufacturing sector.

Siemens AG, Rockwell Automation, Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Omron Corporation, General Electric Company (GE), and ABB Group among others.