Programming Logic Controller (PLC) Market to Grow at 5% CAGR, Expected to Reach USD 42.22 Billion

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Programming Logic Controller (PLC) Market Overviews

Programming Logic Controller (PLC) Market size was valued at US$ 42.22 Bn. in 2023 and the total revenue is expected to grow at CAGR of 5%

PLCs (Programmable Logic Controllers) are used in industrial automation to control the movement of machines in a production line. Even with the emergence of new technologies such as Process Automation Controllers (PACs) and other modern computer-based controls, Programmable Logic Controllers have been a vital part of automation and control systems across many sectors. PLCs are widely used in industry, and they aid in the elimination of hard wiring associated with traditional relay control circuits, hence increasing productivity. The gap between the functional capabilities of discrete control systems and Programmable Logic Controllers (PLC) has been bridged due to the constant emphasis on product innovation in industrial automation.

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Programming Logic Controller (PLC) Market Scope and Methodology:

Technological advancements in manufacturing industry – With the technological advancements in manufacturing industry, the industry is becoming more and more automatic which are run by Artificial intelligence and Machine learning and to operate these complex automatic machineries and robots, huge and high-capacity computers are needed and PLCs become important for proper functioning of these automatic machineries in the manufacturing industry. This is one of the greatest factors driving the growth of the Programming Logic Controller (PLC) Market.

Programming Logic Controller (PLC) Market Regional Insights

North America dominates the Programming Logic Controller (PLC) Market due to presence of 25% in the year of 2023 owing to automation in many industries like automotive, food & beverages, etc. and this region has many manufacturing units using Programming Logic Controller (PLC) for automation. Also, North America has one of the largest defence items manufacturing markets so the use of Programming Logic Controller (PLC) gets higher.

Programming Logic Controller (PLC)Market Segmentation

By Type, the Programming Logic Controller (PLC) Market is segmented as Modular PLC, Compact PLC, and Rock Mount PLC. Modular PLC dominates the Programming Logic Controller (PLC) Market with the market share of 42% in the year of 2023. In medium to large-scale industries, modular PLCs are used. Increased demand for automation solutions in a variety of industries, particularly manufacturing, as well as other diverse applications among home and building automation end-users, are the segment’s main growth drivers and that’s why they have such large market share with them.

Programming Logic Controller (PLC) Market Key Players

Siemens (Germany)
Rockwell(A-B) (US)
Mitsubishi (Japan)
Schneider (Modicon) (France)
Omron (Japan)
Emerson (GE Fanuc) (US)
ABB(BandR) (Sweden)
Bosch Rexroth (Germany)
Beckhoff (Germany)
Fuji (Japan)
Toshiba (Japan)

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Key questions answered in the Programming Logic Controller (PLC) Market are:

What is Programming Logic Controller (PLC) ?
What was the Programming Logic Controller (PLC) market size in 2023?
What is the growth rate of the Programming Logic Controller (PLC) Market?
Which are the factors expected to drive the Programming Logic Controller (PLC) market growth?
What are the different segments of the Programming Logic Controller (PLC) Market?
What growth strategies are the players considering to increase their presence in Programming Logic Controller (PLC) ?
What are the upcoming industry applications and trends for the Programming Logic Controller (PLC) Market?
What are the recent industry trends that can be implemented to generate additional revenue streams for the Programming Logic Controller (PLC) Market?
Who are the leading companies and what are their portfolios in Programming Logic Controller (PLC) Market?
What segments are covered in the Programming Logic Controller (PLC) Market?
Who are the key players in the Programming Logic Controller (PLC) market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by segment with their sub-segments and Region
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations

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Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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