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Virtual PLC & Soft PLC Market Share

Report ID: GMI11812
Published Date: Oct 2024
Report Format: PDF

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Virtual PLC & Soft PLC Market Share

In the Virtual PLC & Soft PLC industry, companies such as ABB Ltd., Beckhoff Automation, and Rockwell Automation face competition centered around innovation, calculation, and integration capabilities. Price is a key factor, particularly as industries seek cost-efficient alternatives to traditional hardware PLCs. However, product differentiation through advanced software capabilities—such as real-time data processing, compatibility with IoT platforms, and cloud integration—has become increasingly vital.

Companies like Siemens AG and Honeywell focus on flexibility and ease of use, while Mitsubishi Electric and Omron Corporation emphasize seamless integration with existing automation systems. Distribution networks and global presence, particularly for firms like Emerson Electric and Delta Electronics, Inc., also play a critical role in market leadership, ensuring localized customer support and rapid deployment of solutions across different sectors. Enhanced cybersecurity, technical support, and after-sales service are additional competitive factors driving success in this market.

Virtual PLC & Soft PLC Market Companies

Major players operating in the virtual PLC & Soft PLC industry are:

ABB Ltd.
Advantech Co., Ltd.
Beckhoff Automation
Bosch Rexroth
Delta Electronics, Inc.
Emerson Electric Co.
Hitachi Industrial Equipment Systems
Honeywell International Inc.
Koyo Electronics Industries Co., Ltd.
Lenze
Mitsubishi Electric
Omron Corporation
Phoenix Contact
Pilz GmbH & Co. KG
Red Lion Controls
Rockwell Automation

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The global market size for virtual PLC & soft PLC was valued at USD 865 million in 2023 and is estimated to grow at a CAGR of over 13% from 2024 to 2032, driven by the increasing implementation of Industry 4.0 technologies.

The field level segment in the virtual PLC & soft PLC industry is expected to register a CAGR of over 13% over the forecast period, as it involves direct interaction with machinery and production processes through sensors and actuators.

The North America market accounted for over 35% share in 2023, driven by the U.S. leading in the adoption of Industry 4.0 technologies and advanced automation solutions.

Major players in the market include ABB Ltd., Honeywell International Inc., Koyo Electronics Industries Co., Ltd., Lenze, Mitsubishi Electric, Omron Corporation, Phoenix Contact, Pilz GmbH & Co. KG, and Red Lion Controls.