Programmable Logic Controller (PLC) Market Value By Type (Compact PLC, Modular PLC) By Application (Industrial Equipment Control System, Escalator & Elevator, Packaging & Labeling, Material Handling, Home & Building Automation, Process Control, Safety Monitoring & Control, Energy Management), By Region - Industry Share, Statistics & Forecast, 2023 – 2032

MVI Statistics and Viewpoints:

• Programmable Logic Controller Market size surpassed USD 11.1 Billion in 2022.
• The PLC market is expected to showcase a CAGR of over 4.3% from 2023 to 2032. 
• By the end of the forecast period, the industry is anticipated to cross USD 17.8 Billion.

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PLC manufacturers focus on reliability, flexibility, safety, and connectivity. They develop durable controllers that can withstand harsh environments, provide adaptable systems that can be easily programmed and scaled, prioritize safety features, and ensure seamless integration with other automation components. User-friendly programming environments and comprehensive support services are also key factors in their operations.

Market Overview:

A Programmable Logic Controller (PLC) is a specialized digital computer used in industrial automation and control systems. It is designed to perform real-time control of machinery and processes, replacing traditional hardwired control systems. PLCs are programmable and flexible, allowing for customization to meet specific application requirements. PLCs are equipped with input modules that receive signals from sensors and switches, and output modules that control actuators, motors, and other devices. The PLC's central processing unit (CPU) executes a program stored in its memory, which consists of a set of instructions and logical operations.

Furthermore, PLCs offer advantages such as high reliability, durability, and scalability. They are designed to operate in rugged environments with resistance to temperature variations, electrical noise, and vibrations. PLCs also provide flexible programming options, including ladder logic, function block diagrams, and structured text, allowing engineers and technicians to easily create and modify control programs.

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Growth Drivers:

• Industrial Automation and Digitalization: The increasing adoption of industrial automation and the shift towards digitalization in various industries are driving the demand for PLCs. As companies seek to optimize processes, improve efficiency, and enhance productivity, PLCs play a crucial role in controlling and monitoring industrial equipment and systems.
   
• Advancements in IoT and Industry 4.0: The integration of PLCs with the Internet of Things (IoT) and Industry 4.0 technologies is a significant growth factor. PLCs are being connected to networks and cloud platforms, enabling real-time data monitoring, remote access, and predictive maintenance. This connectivity and data exchange enhance operational efficiency, reduce downtime, and facilitate better decision-making.
   
• Demand for Energy-Efficient Solutions: Energy efficiency is a growing concern for industries worldwide. PLCs offer energy optimization capabilities by enabling precise control of equipment and processes. They help minimize energy consumption, optimize resource utilization, and reduce overall operational costs. As sustainability becomes a priority, the demand for energy-efficient PLC solutions continues to rise.

By Application Synopsys:  

In 2022, the material handling segment was the dominant sector, as stated in the recent analysis of the programmable logic controller market. Furthermore, this segment is projected to maintain its dominance throughout the forecast period. The material handling segment relies heavily on PLCs, which play a critical role in the efficient storage, movement, protection, and control of materials and products across various industries. As a result, the demand for PLCs in material handling operations is steadily increasing.

Regional Overview:

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North America is a mature market for programmable logic controller, driven by the presence of several established industries, including manufacturing, oil and gas, automotive, and pharmaceuticals. The region has witnessed significant adoption of advanced automation technologies and Industry 4.0 concepts, leading to a steady demand for PLCs. The United States and Canada are the key contributors to the North American programmable logic controller market.

The Asia Pacific region is experiencing rapid industrialization and urbanization, making it a significant programmable logic controller market growth. Countries like China, Japan, South Korea, and India has a robust manufacturing sector and are investing heavily in industrial automation. The increasing focus on smart cities and infrastructure development also contributes to the demand for PLCs in the region.

Key Development:

• In June 2022, Omron Corporation has created the CP2E Micro PLC, which is specifically designed for small devices and offers support for data collection and machine-to-machine communication.
   
• In February 2022, Casa Sauza in Mexico partnered with Festo to implement Industry 4.0 techniques for the improved automation of Tequila manufacturing.

Top companies includes in the global programmable logic controller market:

• Toshiba International Corporation
• ABB Ltd
• Mitsubishi Electric Corporation
• Emerson Electric Company
• Schneider Electric SE
• Rockwell Automation
• Siemens AG
• Robert Bosch GmbH
• Honeywell International Inc.
• Omron Corporation
• Panasonic Corporation
• Hitachi Ltd
• Others

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In-depth analysis of programmable logic controller (PLC) market along with industry coverage and forecasting for the following segments:

Market Size, By Type

• Compact PLC 
• Modular PLC

Market Size, By Component

• Hardware
  • Input/Output Module (I/O Module)
  • Central Processing Unit (CPU)
  • Memory System
  • Power Supply
  • Programming Device
• Software
  • Services

Market Size, By Application

• Industrial Equipment Control System
• Escalator & Elevator
• Packaging & Labeling
• Material Handling
• Home & Building Automation
• Process Control
• Safety Monitoring & Control
• Energy Management
• Others

Market Size, By Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America