Programmable Logic Controller Market is valued at USD 3781.16 Million in 2018 and expected to reach USD 4962.37 Million by 2025 with a CAGR of 3.96% over the forecast period.
Growing consumer trend toward the adoption of intelligent machines and increasing demand from the oil & gas industry for the adoption of PLC are some factors driving the growth of the market.
Some of the key players in the Process Control PLC Market are,
Scope of Programmable Logic Controller Market-
Programmable logic controller is the primary computing system, which controls automated machines. The system also helps in detecting any errors or flaws and alerts the technician. PLC systems are also preferred over traditional systems, like relays and switch boxes, due to their compact sizes. Additional advantage of PLCs is their multi-functionality which are functionally use in the application such as automotive, oil & gas, etc. Power supply, processor, programming of PLC, and the input/output section are some of the basic components of PLC. To meet the demand for harsh industrial environments, these controllers are designed to be extremely robust, often capable of withstanding extreme temperatures, humidity, vibration, and electrical noise. Furthermore, several languages are used in PLC programming that are sequential function chart, ladder logic, and functional block diagrams.
Programmable Logic Controller market report is segmented based on type, solution, industry vertical and by regional & country level. Based upon type, programmable logic controller market is classified into integrated or compact PLC, modular PLC, small PLC, medium-sized PLC and large PLCs. Based upon solution, programmable logic controller market is classified into hardware, processor, power supply, input/output (I/O), software, service, training, maintenance and consulting. Based upon industry vertical, programmable logic controller market is classified into energy & power, automotive, oil & gas, pharmaceutical and others (food & beverages and pulp & paper)
The regions covered in this Programmable Logic Controller market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Programmable Logic Controller is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Programmable Logic Controller market report covers prominent players like Bosch Rexroth, ABB, Eaton, Fuji Electric, KEYENCE, Koyo Electronics, IDEC, Panasonic, Yokogawa, Toshiba, Mitsubishi Electric, Rockwell Automation, OMRON, Schneider Electric, Siemens and among others.
Programmable Logic Controller Market Dynamics –
The growing demand for customized and miniaturized PLCs will be one of the key factors driving the growth of this global market during forecast period. End-users are increasingly demanding customized PLCs catering to their specific needs with the growing adoption of automation in industries and increasing vehicles manufacturing processes. For instance, the Center for Automotive Research (CAR) at the University of Duisberg-Essen has predicted that the global annual growth of cars is expected at 2.2%. Owing to such potential growth, better production facilities enabled with automation are needed, which is expected to drive the growth of PLCs market. Consequently, several PLC market players are offering customized PLCs for small, medium, or large machines. For instance, Siemens offers the SIMATIC S7-1500, a PLC offering solutions, particularly to the medium and high-end machines. However, rise in prices of PLCs may hinders the market growth.
Programmable Logic Controller Market Regional Analysis –
North America is dominating the programmable logic controller market. In addition, SCADA is widely applied in the upstream, midstream, and downstream oil and gas sectors in the United States. In the upstream sector, its role is often stereotyped as being largely in support of remote data transmission. However, due to the wide and varied use of SCADA, the demand of PLC will increase effectively. Additionally, the formation of the ‘Advanced Manufacturing Partnership (AMP)’ is one such initiative undertaken to make industries, universities, and the federal governments invest in emerging technologies.
Furthermore, Asia-Pacific programmable logic controller market is projected to witness highest growth due to rising automotive sector and advancements in IoT. In addition, with technological advancements, PLCs can replace nearly 100 relays, making better space management and man management possible. Various new technology is also integrating with automobiles, for instance on Oct, 2019, there was an announcement to merge Aptiv's driverless operations with those of Hyundai Motor, which will accelerate the former's prospects by adding the South Korean automaker's expertise to Aptiv's, and providing a platform for the so-called robotaxis, which is driverless cars that earn revenue on a per-ride basis.
Key Benefits for Programmable Logic Controller Market Reports –
Global Market report covers in depth historical and forecast analysis.
Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global Market report helps to identify opportunities in market place.
Global Market report covers extensive analysis of emerging trends and competitive landscape.
By Type:- Integrated or Compact PLC, Modular PLC, Small PLC, Medium-sized PLC, Large PLCs
By Solution:- Hardware, Processor, Power Supply, Input/output (I/O), Software, Service, Training, Maintenance, Consulting
By Industry Vertical:- Energy & Power, Automotive, Oil & Gas, Pharmaceutical, Others (Food & Beverages and Pulp & Paper)
By Regional & Country Analysis
• Rest of Europe
• South Korea
• Rest Of APAC
• Rest of South America
Middle East and Africa
• Saudi Arabia
• South Africa
• Rest Of MEA
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