Global Programmable Logic Controller Market Analysis by Type, Component, Size, End User, Industry and Region-Trends and Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 263
- CATEGORY
- Information Communication & Technology
In terms of value, Programmable Logic Controller (PLC) market is anticipated to reach 20,350.7 US$ Mn by 2033 from 12,585.0 US$ Mn in 2022, registering the growth rate at 5.5% during the forecast period. A major growth indicator for PLCs in the discrete-manufacturing sectors is the amplified deployment of robots across the automotive manufacturing, electrical, and electronics industries.
Report Scope
Report Attributes | Description |
Market Size in 2023 | USD 12,585 Million |
Market Forecast in 2033 | USD 20,350 Million |
CAGR % 2023-2033 | 5.5% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2033 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | Type, component, Size, End User and Industry |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | Siemens, Mitsubishi Electric, Emerson (General Electric), Hitachi, Bosch Rexroth , Schneider Electric, Eaton, Rockwell Automation, B&R (ABB), Beckhoff, Controllino, Delta Electronics, Entertron Industries, Fatek, Festo, Fuji Electric, General Industrial Controls (GIC), Honeywell, Idec Corportion, IFM Electronic, Keyence, Kinco, Automation Direct (Koyo), LS Electric , Omron, Panasonic, Phoenix Contact, RS Automation, RS Enterprises, Toshiba, Unitronics, Velocio, Wago, Wecon Technology, Yokagawa, Others, |
- Siemens, Mitsubishi Electric
- Emerson (General Electric)
- Hitachi, Bosch Rexroth
- Schneider Electric
- Eaton, Rockwell Automation
- B&R (ABB)
- Beckhoff
- Controllino
- Delta Electronics
- Entertron Industries
- Fatek
- Festo
- Fuji Electric
- General Industrial Controls (GIC)
- Honeywell
- Idec Corportion
- IFM Electronic
- Keyence
- Kinco
- Automation Direct (Koyo)
- LS Electric
Modular PLC
Rack PLC
Fixed/Integrated/Compact PLC
By Size
Large PLC
Mini PLC
Micro PLC
Pico/Nano PLC
Others
By Component
Hardware & Solutions
• Processor
• Power Supply
• Input/Output (I/O)
• Others
Services
• Training
• Maintenance & Operations
• Consulting
By Region
North America
• U.S.
• Canada
• Mexico
Europe
• Germany
• U.K.
• France
• Italy
• Russia
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• Rest of Asia pacific
South America
• Brazil
• Argentina
• Colombia
• Rest of South America
Middle East & Africa
• UAE
• KSA
• South Africa
• Turkey
• Rest Of MEA
PLC’s play a vital role in the field of automation, using forming part of a larger SCADA system. A PLC can be programmed to meet operational requirements of the process. Due to the changing nature of production, reprogramming is required in the manufacturing industry. Thus, to overcome this difficulty, PLC-based control systems were introduced. A PLC receives data from various sources, including automated data capture points and human input points such as buttons and switches. PLC then decides whether or not to change the output, based on its programming. The outputs of a PLC can control a wide variety of equipment, including motors, solenoid valves, lighting, switchgear, safety shut-offs, and others.
The PLC market is growing due to rising awareness of automation in industrial processes, widespread acceptance of IoT (Internet of Things) connectivity, and rising need for smaller automation solutions. PLC is used in many industries for monitoring and control building systems in production processes, which are designed in such a way that each PLC performs a single set of tasks. Adoption of compact solutions and growing automation applications in buildings, high rises, and manufacturing industries drive the PLC market.
Process automation industries are increasing due to the use of PLCs, which provide economical solutions for necessary control needs in simple machines ranging from a simple control timing circuit to a relay replacement logic circuit. Furthermore, to address the fast-changing dynamics of the market, manufacturers are adopting automation technologies that help in increasing productivity and eliminating errors while increasing the safety of the working personnel.
For instance, E&A offers a scalable, flexible and efficient XLB range of Programmable Logic Controllers (PLCs) to meet the growing automation demand of the machines, building, and industrial applications. The XLB is a micro PLC series that provides optimal performance at the lowest possible price. For industrial applications such as counting, measuring, simple controlling, closed-loop control, and motion control, a compact PLC suite with built-in communication and I/O capabilities is an ideal choice.
Many smaller industries have tried to get cut the high cost of PLC install in recent years. They also tried to satisfying their desire for automation by using programmable logic relays, or PLR’s. PLR’s are similar to PLC’s but have fewer inputs and outputs, making them ideal for light industries with fewer processes to automate.
However, PLR’s, on the other hand, offer high-level algorithmic control for automation, but they aren't always scalable. Moreover, they offer a variety of sensors for data collection and reporting. As a result, several businesses are shifting to Remote Telemetry Units, or RTU’s, to replace PLC’s.
RTU’s are small-scale, PLC-like devices. They have a huge number of discrete and analogue sensors on board. Processes can be monitored, and relays can be controlled to carry out simple controls.
For instance, RTU’s like the NetGuardian series have proven to be a low-cost solution for monitoring actions, good for network, communications, and transport processes. It also provides alarms to alert techs to problems, and take action to minimize any impact.
Hence, the availability of substitutes for PLC and high cost of adoption of such systems is anticipated to impede the market growth during the forecast period.
Impact of COVID
The declaration of coronavirus as a global pandemic has dealt a huge blow to the Programmable Logic Controller (PLC) market. All markets had come to a halt due to the closure of borders, the suspension of public and private transportation, self-isolation, and quarantine administration in major cities.
During 2020, lockdown the market was hit in the first quarter and recovered in the second quarter of 2020.
The decision to self-isolate was shown to be effective in slowing the spread of the virus, giving optimism that humanity will be able to overcome this global calamity. Recovery of losses made by business owners and important players, on the other hand, may prove more difficult than anticipated. Lockdowns were enacted in cities, provinces, and countries. Businesses (including factories) were shuttered or operated at a reduced capacity.
The Programmable Logic Controller (PLC) market was moderately impacted due to COVID-19 pandemic owing to disruption of supply chain. Major companies suspended their operations in different locations due to the lockdown and social distancing norms.
According to Gilles Pacaud, CEO of Rockwell Automation, Covid-19 has put the spotlight on all the themes of industry 4.0 that they been promoting for years. Industrialists now concerned how they would be able to keep their factories running in these conditions. COVID-19 indicated the future industry's needs, such as the necessity for production autonomy. Companies can continue to manufacture during a pandemic if everything is automated since machines cannot catch coronavirus. This will compel manufacturers to consider additional automation.
Type Insights
Modular PLC segment is projected to create a total absolute $ opportunity of USD 2,887.9 million between 2022 to 2033. Modular PLC segment is expected to expand at CAGR of 5.7% during the forecast period. Rack PLC segment is projected to create a total absolute $ opportunity of USD 2,339.40 million between 2022 to 2033. Rack PLC segment is expected to expand at CAGR of 6.5% during the forecast period.
Fixed/Integrated/Compact PLC segment is projected to create a total absolute $ opportunity of USD 2,538.4 million between 2022 to 2033. Fixed/Integrated/Compact PLC segment is expected to expand at CAGR of 4.6% during the forecast period.
Component Insights
Hardware & Solutions segment is projected to create a total absolute $ opportunity of USD 7,450.9 million between 2022 to 2033. Hardware & Solutions segment is expected to expand at CAGR of 5.6% during the forecast period. Services segment is projected to create a total absolute $ opportunity of USD 314.78 million between 2022 to 2033. Services segment is expected to expand at CAGR of 3.4% during the forecast period.
Size Insights
Large PLC segment is projected to create a total absolute $ opportunity of USD 1217.73 million between 2022 to 2033. Large PLC segment is expected to expand at CAGR of 5.5% during the forecast period. Mini PLC segment is projected to create a total absolute $ opportunity of USD 1919.99 million between 2022 to 2033. Mini PLC segment is expected to expand at CAGR of 6.4% during the forecast period.
Micro PLC segment is projected to create a total absolute $ opportunity of USD 2,521.4 million between 2022 to 2033. Micro PLC segment is expected to expand at CAGR of 5.1% during the forecast period. Pico/Nano PLC segment is projected to create a total absolute $ opportunity of USD 1,674.3 million between 2022 to 2033. Pico/Nano PLC segment is expected to expand at CAGR of 5.4% during the forecast period.Others segment is projected to create a total absolute $ opportunity of USD 432.30 million between 2022 to 2033. Others segment is expected to expand at CAGR of 4.6% during the forecast period.
End User Insights
Paper & Pulp segment is projected to create a total absolute $ opportunity of USD 593.87 million between 2022 to 2033. Paper & Pulp segment is expected to expand at CAGR of 5.5% during the forecast period. Energy & Utilities segment is projected to create a total absolute $ opportunity of USD 1312.0 million between 2022 to 2033. Energy & Utilities segment is expected to expand at CAGR of 5.3% during the forecast period.
Food & Beverages segment is projected to create a total absolute $ opportunity of USD 934.7 million between 2022 to 2033. Food & Beverages segment is expected to expand at CAGR of 4.7% during the forecast period. Water & Waste Water Treatment segment is projected to create a total absolute $ opportunity of USD 727.7 million between 2022 to 2033. Water & Waste Water Treatment segment is expected to expand at CAGR of 6.2% during the forecast period.
Industry Insights
Process Industry segment is projected to create a total absolute $ opportunity of USD 4905.9 million between 2022 to 2033. Process Industry segment is expected to expand at CAGR of 5.2% during the forecast period. Discrete Industry segment is projected to create a total absolute $ opportunity of USD 2488.2 million between 2022 to 2033. Discrete Industry segment is expected to expand at CAGR of 6.3% during the forecast period.
Building Automation segment is projected to create a total absolute $ opportunity of USD 371.6 million between 2022 to 2033. Building Automation segment is expected to expand at CAGR of 5.0% during the forecast period.
Regional Insights
North America segment is projected to create a total absolute $ opportunity of USD 1800.9 million between 2022 to 2033. North America segment is expected to expand at CAGR of 5.9% during the forecast period. Europe segment is projected to create a total absolute $ opportunity of USD 2603.2 million between 2022 to 2033. Europe segment is expected to expand at CAGR of 5.0% during the forecast period.
Asia Pacific segment is projected to create a total absolute $ opportunity of USD 2968.60 million between 2022 to 2033. Asia Pacific segment is expected to expand at CAGR of 8.5% during the forecast period. MEA segment is projected to create a total absolute $ opportunity of USD 230.5 million between 2022 to 2033. MEA segment is expected to expand at CAGR of 3.3% during the forecast period.
Competitive Analysis
Some of the major companies operating within the market are Siemens, Mitsubishi Electric, Emerson (General Electric), Hitachi, Bosch Rexroth , Schneider Electric, Eaton, Rockwell Automation, B&R (ABB), Beckhoff, Controllino, Delta Electronics, Entertron Industries, Fatek, Festo, Fuji Electric, General Industrial Controls (GIC), Honeywell, Idec Corportion, IFM Electronic, Keyence, Kinco, Automation Direct (Koyo), LS Electric , Omron, Panasonic, Phoenix Contact, RS Automation, RS Enterprises, Toshiba, Unitronics, Velocio, Wago, Wecon Technology, Yokagawa, Others.
Recent News
• In May 2022, Electronics Corporation of India Limited (ECIL) Hyderabad, a Public Sector Unit under Department of Atomic Energy launched the indigenous state of the art Programmable Logic Controller (PLC) & SCADA software for process automation systems at a function held in Homi J Bhabha Auditorium, ECIL.
• In February 2021, Honeywell signed a contract with SEPCO Electric Power Construction Corporation (SEPCO) to supply connected control, telecommunications, safety, and security systems for the King Salman International Complex for Maritime Industries and Services shipyard. This comprises Honeywell’s ControlEdge Programmable Logic Controller (PLC), Data Concentrator, Safety Manager SC, and Experion Process Knowledge System (PKS) Supervisory Control and Data Acquisition (SCADA) system.
• In January 2021, Siemens entered into an agreement with Britishvolt, to provide access to its electrification solutions, automation, and Digital Twin manufacturing execution technology. The will enable Britishvolt to optimize design and efficiencies, simulate its production processes and flows ahead of construction completion, and speed up delivery times. Siemens may also offer Britishvolt with simulation development tools and the most up-to-date design in order to speed up large-scale production.
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