Global Programmable Logic Controller (PLC) Market Growth 2023-2029

Global Programmable Logic Controller (PLC) Market Growth 2023-2029

Product Code:449732

Published Date: Feb 08,2023

Pages: 113

Region: Global

Category: Electronics & Semiconductor

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A programmable logic controller, PLC, is a digital computer used for automation of typically industrial electromechanical processes, such as control of machinery on factory assembly lines, amusement rides, or light fixtures. PLCs are used in many machines, in many industries. PLCs are designed for multiple arrangements of digital and analog inputs and outputs, extended temperature ranges, immunity to electrical noise, and resistance to vibration and impact. Programs to control machine operation are typically stored in battery-backed-up or non-volatile memory. A PLC is an example of a "hard" real-time system since output results must be produced in response to input conditions within a limited time, otherwise unintended operation will result.

LPI (LP Information)' newest research report, the “Programmable Logic Controller (PLC) Industry Forecast” looks at past sales and reviews total world Programmable Logic Controller (PLC) sales in 2022, providing a comprehensive analysis by region and market sector of projected Programmable Logic Controller (PLC) sales for 2023 through 2029. With Programmable Logic Controller (PLC) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Programmable Logic Controller (PLC) industry.

This Insight Report provides a comprehensive analysis of the global Programmable Logic Controller (PLC) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Programmable Logic Controller (PLC) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Programmable Logic Controller (PLC) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Programmable Logic Controller (PLC) and breaks down the forecast by product size, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Programmable Logic Controller (PLC).

The global Programmable Logic Controller (PLC) market size is projected to grow from US$ 13270 million in 2022 to US$ 19350 million in 2029; it is expected to grow at a CAGR of 19350 from 2023 to 2029.

Global key players of programmable logic controller (PLC) include Siemens, Rockwell (A-B), Mitsubishi, etc. Top three players occupy for a share about 63%. Europe is the largest producer, holds a share around 35%, followed by North America and Japan, both holding a share about 24 percent. Asia-Pacific is the largest market, with a share about 37%, followed by Europe and North America, with share 34% and 23%, separately.

This report presents a comprehensive overview, market shares, and growth opportunities of Programmable Logic Controller (PLC) market by product product size, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by product size
    Nano
    Micro
    Medium
    Large

Segmentation by application
    Steel Industry
    Petrochemical and Gas Industry
    Power Industry
    Automobile Industry
    Semiconductor Industry
    Electrical And Electronics Industry
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Siemens
    Rockwell (A-B)
    Mitsubishi
    Schneider (Modicon)
    Omron
    Emerson (GE Fanuc)
    ABB (B&R)
    Bosch Rexroth
    Beckhoff
    Fuji
    Toshiba
    Keyence
    Idec
    Panasonic
    Koyo

Key Questions Addressed in this Report
What is the 10-year outlook for the global Programmable Logic Controller (PLC) market?
What factors are driving Programmable Logic Controller (PLC) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Programmable Logic Controller (PLC) market opportunities vary by end market size?
How does Programmable Logic Controller (PLC) break out product size, application?
What are the influences of COVID-19 and Russia-Ukraine war?