The increasing demand for compact automation solutions is one of the major factors propelling the market growth. Industrial operators are increasingly adopting industrial internet of things (IIoT) solutions to enhance profitability and ensure real-time communication. Despite the benefits, the rising adoption of IoT-enabled processes is creating design challenges related to the reduction of price and the attainment of the benefits of factory automation for manufacturers and system integrators. Also, the move towards complete automation of processes is challenging for small and medium-sized enterprises (SMEs) due to budget constraints. Hence, most SMEs are considering the use of PLCs as they provide the same functionalities and features of large devices while consuming lesser power. All these factors are creating significant demand for PLCs, thereby driving the growth of the market.
Programmable Logic Controller (PLC) Market: End-user Landscape
- By end-user, the market is segmented by process industry, discrete industry, and building automation.
- End-users across the process industries exhibited high demand for PLCs in 2021.
- PLCs are widely used in industries such as oil and gas, chemical and petrochemical, power, water and wastewater treatment, and food and beverage.
- For example, in the oil and gas industry, PLCs are used in upstream oil and gas activities such as drilling, mooring, and positioning, and in platforms as well as in the midstream sector for monitoring spillage and leaks during oil or gas transportation. Similarly, in the power sector, PLCs are used to improve signal connectivity, server management, and data acquisition.
- Many such factors are driving the growth of the process industries segment.
Programmable Logic Controller (PLC) Market: Product Landscape
- By product, the market is segmented by unitary, modular, and rackmount.
- The unitary PLC segment held the largest share in the market in 2021.
- The increasing use of unitary PLCs in small machines and fixed applications owing to their low cost and compactness is driving the growth of the segment.
Programmable Logic Controller (PLC) Market: Geographic Landscape
- By geography, APAC is going to have lucrative growth during the forecast period.
- About 33% of the market's overall growth is expected to originate from APAC.
- Factors such as strong industrialization, rising demand for medium-voltage and low-voltage motors, and increasing investments in the power, water and wastewater treatment, and food and beverage industries are driving the growth of the PLC market in APAC.
- China and Japan are the key markets for PLCs in APAC.
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Companies Covered:
- ABB Ltd.
- General Electric Co.
- Mitsubishi Corp.
- OMRON Corp.
- Panasonic Corp.
- Robert Bosch GmbH
- Rockwell Industries Ltd.
- Schneider Electric SE
- Siemens AG
- Toshiba Corp.
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2020, 2021, until 2025
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Micro Programmable Logic Controller (PLC) Market by Product, End-user, and Geography Forecast and Analysis 2022-2026
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Programmable Logic Controller (PLC) Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
Market growth 2021-2025 |
USD 2.39 billion |
Market structure |
Fragmented |
YoY growth (%) |
2.56 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 33% |
Key consumer countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ABB Ltd., General Electric Co., Mitsubishi Corp., OMRON Corp., Panasonic Corp., Robert Bosch GmbH, Rockwell Industries Ltd., Schneider Electric SE, Siemens AG, and Toshiba Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Unitary - Market size and forecast 2020-2025
- Modular - Market size and forecast 2020-2025
- Rackmount - Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Process industry - Market size and forecast 2020-2025
- Discrete industry - Market size and forecast 2020-2025
- Building automation - Market size and forecast 2020-2025
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ABB Ltd.
- General Electric Co.
- Mitsubishi Corp.
- OMRON Corp.
- Panasonic Corp.
- Robert Bosch GmbH
- Rockwell Industries Ltd.
- Schneider Electric SE
- Siemens AG
- Toshiba Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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