In January 2022, World Economic Forum (WEF) released a report regarding industrial automation. In this report, they mentioned that the fourth industrial revolution is changing manufacturing processes with the utilization of automated control systems. Therefore, the global programmable logical controller automation market is estimated to increase rapidly in the near future.
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Data Bridge Market Research analyses that the Global Programmable Logical Controller Automation Market is expected to grow at a CAGR of 5.7% in the forecast period of 2023 to 2030 and is expected to reach USD 20,500.22 million by 2030. Growth in embedded systems technologies is projected to propel the growth of the market Increasing demand of embedded systems and technologies is expected to act as a major driving factor for the growth of the market.
Advancements in PLC designs and algorithms
Over time, inventors and engineers have been working on the design of PLC. They have managed to make compact PLCs that take lesser area in factories, and it saves more area for other operations in factories. Hence, it is expected to positively impact the growth of the global programmable logical controller automation market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in Million, Volumes in Thousand Unit, Pricing in USD
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Segments Covered
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By Type (Modular PLC, Compact PLC, and Rack PLC), Offering (Hardware and Services), Enterprise Size (Small Scale Enterprises, Medium Scale Enterprises, and Large Scale Enterprises), Vertical (Automotive, Food and Beverages, Oil and Gas, Chemical and Petrochemical, Energy and Utilities, Pulp and Paper, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Turkey, Rest of Europe, Japan, China, South Korea, India, Australia, New Zealand, Hong Kong, Taiwan, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific, South Africa, UAE., Saudi Arabia, Kuwait, Rest of the Middle East and Africa, Brazil, Argentina, Venezuela, and Rest of South America
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Market Players Covered
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PANASONIC CORPORATION, OMRON Corporation, Schneider Electric, Mitsubishi Electric Corporation, ABB, Rockwell Automation, Inc., Siemens, Emerson Electric Co., Honeywell International Inc., Beckhoff Automation, Delta Electronics, Inc., Bosch Rexroth AG, Hitachi, Ltd., Eaton., JTEKT ELECTRONICS CORPORATION, KEYENCE CORPORATION., WAGO, LS ELECTRIC Co., Ltd., Yokogawa Electric Corporation, IDEC Corporation, Fuji Electric Co., Ltd., and FATEK AUTOMATION CORP. among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The global programmable logical controller automation market is segmented on the basis of type, offering, enterprise size, and end vertical.
- On the basis of type, the global programmable logical controller automation market is segmented into modular PLC, compact PLC, and rack PLC.
In 2023, the modular PLC segment of type segment is anticipated to dominate the global programmable logical controller automation market
In 2023, the modular PLC segment of this market is expected to dominate the global programmable logical controller automation market owing to the increasing adoption of modular PLC in the automotive segment. The dressing segment is expected to reach the highest CAGR of 6.3% in the forecast period of 2023-2030.
- On the basis of offering, the global programmable logical controller automation market is segmented into hardware and software. In 2023, the hardware segment is expected to dominate the global programmable logical controller automation market with a 72.48% share and is expected to reach USD 39,834.63 million by 2030 growing with the highest CAGR of 5.6% in the forecast period of 2023 to 2030
- On the basis of enterprise size, the global programmable logical controller automation market is segmented into small scale enterprises, medium scale enterprises, and large scale enterprises. In 2023, large scale enterprises segment is expected to dominate the global programmable logical controller automation market with a 67.11% share and is expected to reach USD 13,915.27 million by 2030 growing with the highest CAGR of 5.9% in the forecast period of 2023 to 2030
- On the basis of vertical, the global programmable logical controller automation market is segmented into automotive, food and beverages, oil and gas, chemical and petrochemicals, energy and utilities, pulp and paper, and others. In 2023, oil and gas is expected to dominate the global programmable logical controller automation market with a 27.91% share and is expected to reach USD 5,909.77 million by 2030 growing with the highest CAGR of 6.2% in the forecast period of 2023 to 2030
Major Players
Data Bridge Market Research recognizes the following companies as the major global programmable logical controller automation market players in programmable logical controller automation market are Panasonic Holdings Corporation, Honeywell International Inc., Mitsubishi Electric Corporation, Fuji Electric Co. Ltd., Hitachi Ltd., Rockwell Automation, Inc., Emerson Electric Co., Siemens, FAKET AUTOMATION CORP., Eaton, ABB, Schneider Electric, OMRON Corporation, Delta Electronics, Beckhoff Automation, JTEKT ELECTRONIC CORPORATION, KEYENCE CORPORATION, IDEC Corporation, Bosch Rexroth, Yokogawa Electric Corporation, LS ELECTRIC Co., Ltd., and WAGO among others.
Market Development
- In December 2022, the Siemens factory in Switzerland was awarded for production and supply chain resilience. This recognition helped the company improve its image among competitors and positively impact the growth of the global programmable logical controller automation market
- In November 2022, ABB started a strategic partnership with Tallarna, which is a climate tech company. This partnership has helped the company enhance its financials and positively impact the growth of the global programmable logical controller automation market
- In October 2022, Rockwell Automation announced that it had signed a definitive agreement to acquire CUBIC, a company specializing in modular systems for constructing electrical panels. This acquisition helped the company enhance its financials and positively impact the growth of the global programmable logical controller automation market
- In January 2022, Schneider Electric acquired renewable energy platform Zeigo to expand digital procurement capabilities globally. This acquisition has helped the company enhance its financials and positively impact the growth of the global programmable logical controller automation market
- In October 2021, OMRON Corporation announced the signing of an agreement for capital investment in Techman Robot, Inc. This collaboration has helped the company enhance its financials and positively impact the growth of the global programmable logical controller automation market
- In October 2021, Beckhoff Automation made a partnership with loop Technology Company. This partnership helped the company enhance its financials and positively impact the growth of global programmable logical controller automation market
Regional Analysis
Geographically, the countries covered in the global programmable logical controller automation market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific in the Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of the Middle East and Africa as a part of Middle East and Africa, Brazil, Argentina and rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in advanced programmable logical controller automation market during the forecast period 2023 -2030
In 2023, Asia-Pacific is expected to dominate the global programmable logical controller automation market due to consumers' increasing adoption of PLC in industrial automation by various developing countries in the Asia-Pacific region, which is increasing region's dominance in the global programmable logical controller automation market. Asia-Pacific will continue to dominate the global programmable logical controller automation market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced technology and launch of new products in this region.
Asia-Pacific is estimated to be the fastest growing region in the global programmable logical controller automation market for the forecast period 2023 -2030
Asia-Pacific is expected to grow during the forecast period due to the presence of major market players and the rapid development of PLCs in this region. In addition to this, the rising level of adoption of PLCs by various developing countries in the manufacturing sector is expected to propel the market's growth rate in this region.
COVID-19 Impact Analysis
The global programmable logical controller’s automation industry noted a gradual decrease in demand due to lockdown and COVID-19 governmental laws, as manufacturing facilities and services were closed. Even private and public development was called off. Moreover, the industry was also affected by the halt of the supply chain, especially of raw materials used in the manufacturing process of programmable logical controller’s automation. Stringent government regulations for different industries and restrictions on trade & transportation were some of the top factors that caused a dent in the growth of the market for programmable logical controller’s automation around the world in 2020 and in the first two quarters of 2021.
On the brighter side, there has been a decline in COVID-19 patients worldwide, which will result in increased programmable logical controller automation services. Moreover, the restrictions and measures are likely to relax, which will help the market to witness a slight increment as the manufacturers are focusing on various developments and innovations, market trends, and other expansion strategies. Thus, the global programmable logical controller automation market will grow at an accelerated pace post-COVID-19.
For more detailed information about the global programmable logical controller automation market report, click here – https://www.databridgemarketresearch.com/reports/global-programmable-logical-controllers-automation-market
