Programmable Logic Controller (PLC) Market Size & Share, by Type (Software, Hardware); Product Type (Modular PLC, Compact PLC, Rack PLC); End User (Food & Beverage, Automotive, Chemical & Petrochemical, Pulp & Paper, Oil & Gas, Pharmaceutical, Water & Wastewater Treatment, Energy & Utilities)- Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5381
  • Published Date: Nov 17, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Programmable Logic Controller Market size is set to reach USD 18 Billion by the end of 2036, expanding around 5% CAGR during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of programmable logic controller was over USD 12 Billion. The growth of the market can be attributed to the growing integration of automation in several industries and companies.  Workflow automation is required for boosting production according to 83% of IT leaders. Currently, 48% of organizations are implementing automation solutions to automate manual operations. Moreover, around 24% of businesses employ low-code process automation technologies, with 29% planning to do so shortly. These systems assist businesses in streamlining workflows, making better use of data, and conserving time and money.

In addition to this, the rising acceptance of renewable energy, which has increased the installation of solar and wind energy facilities, is thought to be fueling the programmable logic controller market expansion. Programmable logic controllers operate wind turbines, solar panels, and hydropower plants. They are also utilized to control and monitor the electricity through the system. They enable more accurate system control, improving efficiency and reducing waste. They may additionally monitor the system's functioning in real-time, identifying flaws and enabling for timely maintenance and adjustment. Between 2022 and 2027, global solar PV capacity is predicted to nearly triple, displacing coal as the world's largest source of electricity capacity.  Over the projection period, global wind capacity nearly doubled, with offshore projects contributing to one-fifth of the increase. Over the next five years, wind and solar will account for more than 90% of new renewable electricity capacity added.


Programmable Logic Controller Market
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Programmable Logic Controller Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Need to Reduce the Downtime- Downtime may be extremely costly to a business when it comes to both maintenance costs and production losses. Inadvertent downtime, in particular, can raise the risk of occupational casualties and environmental issues, such as unintentional fuel spills. Since so much of the company depends on technology working smoothly, the cost of downtime in the enterprise market is valued at more than USD 1 million per hour and can exceed USD 5 million, without penalties or sanctions.
  • Trend Shifting from Mass Production to Mass Customization– Innovative technologies such as program logic controllers, have resulted in advancements in mass customization as well as assembly and manufacturing processes that use additive manufacturing. They also assisted in the implementation of mass customization on a more detailed level. Automation, computer-integrated manufacturing and modeling, computer-aided design and manufacturing (CAD/ CAM), and flexible manufacturing systems (FMS) are important technologies in mass customization. One of the major advantages of mass customization is the possibility of waste reduction and more sustainable development. Manufacturers can decrease excess inventory and wasted resources by creating only what is required.  Furthermore, mass customization enables cost savings and enhanced efficiency.
  • Higher Implementation of Smart Traffic Control– Many rich countries, like the United States, Australia, Russia, and the United Kingdom, have worked for the creation of intelligent traffic management systems. India, a developing country, is also developing a smart traffic management system. Vehicle sales are increasing in emerging markets, resulting in more traffic on the highways. The strategy was developed by determining when the traffic lights should respond. The controller evaluates the priority and transmits an exit signal to the traffic light post, which activates or deactivates the red, yellow, or green lights.
  • Initiatives Taken by Private Companies to Boost the Use of PLC - Rockwell Automation and FANUC America have collaboratively developed upgraded work-and-learn training programs focused on upskilling current and prospective workers for employment in advanced manufacturing, robotics, and automation. The program also offers a certification for PLC Technicians.

Challenges

  • Risk of Cyber Threats to Security - PLCs are growing increasingly subject to cybersecurity threats as they become more linked and integrated into larger systems. Protecting PLCs from cyber-attacks and ensuring the security of industrial control systems is a big challenge. When a PLC assault occurs, the information communicated from the PLC is combined in such a way that it opens a security breach and installs malicious malware on the workstation. After hacking the computer system, the attacker can go on to other network systems.
  • End Users of PLC Works Under Strict Regulation Regarding Safety and Maintenance
  • Lack of Skilled Programmers and Technicians for PLC.

Programmable Logic Controller (PLC) Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~5%

Base Year Market Size (2023)

~ USD 12 Billion

Forecast Year Market Size (2036)

~ USD 18 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Programmable Logic Controller Segmentation

Product Type (Modular PLC, Compact PLC, Rack PLC)

The modular PLC segment in the programmable logic controller market is estimated to gain the largest revenue share of about 65% in the year 2036. The increased efficiency of current PLCs over compact and rack one in the automated manufacturing processes can contribute to the segment's rise. Modern PLCs are primarily integrated for more complex uses, such as computer vision-based quality control, AI-driven shipping, and predictive maintenance. They have significantly greater power than the other two PLCs. Modular PLCs are commonly used in applications that require a large number of inputs in addition to outputs, including process management in the manufacturing industry. As a result, it can store a large amount of data and execute multiple activities.

End User (Food & Beverage, Automotive, Chemical & Petrochemical, Pulp & Paper, Oil & Gas, Pharmaceutical, Water & Wastewater Treatment, Energy & Utilities)

Programmable logic controller (PLC) market from the automotive segment is expected to garner a significant share of around 30% in the year 2036. The growth of the segment is majorly attributed to the rising integration of automation and robots in automotive manufacturing. The automotive sector employs the most robots in facilities around the world, with operational stock exceeding one million units. This is almost one-third of the total installed across all industries. Most automakers that have previously invested in traditional industrial robots for basic assembly are now investing in collaborative applications for the final putting together and finishing activities. This is projected to change as automotive robotic get smaller, more versatile, and easier to program.

Our in-depth analysis of the global programmable logic controller market includes the following segments:

                              Type

  • Software
  • Hardware

                              Product Type

  • Modular PLC
  • Compact PLC
  • Rack PLC

                               End User

  • Food & Beverage
  • Automotive
  • Chemical & Petrochemical
  • Pulp & Paper
  • Oil & Gas
  • Pharmaceutical
  • Water & Wastewater Treatment
  • Energy & Utilities

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PLC Market - Regional Synopsis

North American Market Forecast

The programmable logic controller market in North America is projected to be the largest with a share of about 35% by the end of 2036. The growth of the PLC market can be attributed majorly to the growing transformation of the industries and higher adoption of automation and robotic process automation. Companies in North America increased their expenditure on industrial robots in the first quarter as they tried to meet growing demand in the aftermath of the COVID-19 pandemic. According to the Association for Advancing Automation, North American corporations ordered around 9,000 robots in the first quarter of 2022, an approximate 20% increase over the previous year. The total value of the orders exceeded USD 466 million.

European Market Statistics

The European programmable logic controller market is estimated to be the second largest, registering a share of about 28% by the end of 2036. The growth of the PLC market can be attributed majorly to the rising investment in the fourth revolution of automation. Europe has emerged as the most notable industrial automation adopter as a result of growing investments in the Industry 4.0 revolution. Europe accounts for more than one-third of worldwide Industry 4.0 investments, according to the CBI Ministry of Foreign Affairs.

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IG on Programmable Logic Controller (PLC) Market
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Companies Dominating the Programmable Logic Controller Market

top-features-companies
    • Eaton Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Omron Corporation
    • Emerson Electric Co.
    • OTEK Corporation
    • Electric Power Construction Corporation
    • Robert Bosch GmbH
    • Honeywell International Inc.
    • Siemens AG
    • Rockwell Automation
    • Schneider Electric SE

In-the-news

In The News

  • Omron Corporation developed the CP2E Micro PLC to allow data collecting and machine-to-machine communication in tiny equipment. CP2E is one of the most dependable and cost-effective alternatives for mass-produced single machines. The CP2E series controllers provide a cost-effective option for flexible manufacturing where traceability and machine monitoring are critical.
  • Emerson Electric Co. has introduced the PACSystem RSTi-EP CPE 200 programmable automation controllers. The most compact PACs will help OEMs satisfy customer demands by reducing the need for specialized software engineering personnel. CPE 200 controllers are going to provide big programmable logic controller (PLC) functionality in a low-cost, tiny, IIoT-ready form factor, eliminating the need for machine manufacturers to trade performance for cost.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 5381
  • Published Date: Nov 17, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing automation in the manufacturing industry, and higher demand for renewable energy are the major factors driving the market growth.

The market size of programmable logic controller (PLC) is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2024-2036.

The major players in the market are Eaton Corporation, Omron Corporation, Emerson Electric Co., OTEK Corporation, Electric Power Construction Corporation, Robert Bosch GmbH, Honeywell International Inc., Siemens AG, Rockwell Automation, and Schneider Electric SE

The modular PLC segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
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