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PLC Market - Global Outlook and Forecast 2017-2022

SKU : ARZ17816
  • Published on : August 2017

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This market research report on global PLC market (programmable logic controllers market) offers analysis on market size & forecast, market share, industry trends, growth drivers, and vendor analysis. The market study also includes insights on segmentation by type (unitary, modular, and rackmount), by end-user (automotive, chemicals and petro chemicals, mining and metallurgy, paper, packaging, and printing, food and beverages, water and waste-water treatment, oil and gas, and others), and by geography (North America, APAC, Europe, Latin America, and MEA).

PLC Market - Overview

The changing industrial landscape of emerging economies such as India, Indonesia, Brazil, and Mexico are fueling the adoption in the global PLC market (programmable logic controllers market). The adoption of automation solutions that ensure workspace safety and derive better economies in operations is propelling the growth of the global market. The growing demand for industrial control systems in the manufacturing and construction industries across developing nations will augment the demand in the global market. The rising development of smart cities, the extensive requirement for networking, and the high prevalence of personal mobile devices is enabling the implementation of modern programmable logic controllers frameworks in the global market. The emergence of miniaturization of computer systems is revolutionizing the global programmable logic controllers market. The development and launch of modern control systems that help tackle the issue of data privacy and security issues are creating new opportunity leading vendors in the market. The increasing demand for augmenting reality solutions and virtualization will result in the introduction of new product portfolios in the global market.

The increasing requirement for technology enables, and solutions that offer safety, energy efficiency, better productivity, and sustainability is propelling the growth of the global market. The growing penetration of smartphones and network connectivity will help support the development and adoption of home and industrial PLC automation solutions, thereby, boosting the demand for logic controllers in the global market.  The PLC market (programmable logic controllers market) is projected to reach revenues of more than $46 billion by 2022 and is estimated to grow at a CAGR of over 8% during the forecast period.

PLC Market Size in Revenue

Global PLC Market Size and Share 2023

PLC Market - Dynamics

The growing prominence of programmable automation controllers (PAC) and PLC-based PACs is attributing to the growth of the PLC market (programmable logic controllers market). The PACs are used by PC control companies to describe their industrial control platforms and by traditional vendors to define their high-end systems. PAC systems include multi-domain functionality, single multi-discipline development platform, software tools to design the process flow in several functional process units or machines, and open and modular architectures that are propelling the adoption of these solutions in the global market. The programmable logic controller-based PAC solution simplifies programming and maintenance and has a faster scan time because of advanced processor chips inside controllers. Furthermore, the advantage of easy maintenance and troubleshooting is increasing the adoption of PAC systems in the global market.

PLC Market - Segmentation

This market research report includes a detailed segmentation of the market by type, end-users, and geography.

PLC Market Segmentation

PLC Market Segmentation

PLC Market – By Type

Modular PLC to dominate the programmable logic controllers market share during the forecast period

The PLC market by type is segmented into unitary, modular, and rackmount. The modular PLC segment dominated the market share in 2016 and is projected to grow at CAGR of approximately 9% during the forecast period. Modular systems are designed as customized controllers that are best suited for complex processes and operations. These systems have a higher volume of information than unitary systems, a higher number of I/O modules to accomplish complex tasks, room for expansion of modules according to the operation, and are easier to troubleshoot and have greater economic security. The increasing use of customizable modular units in manufacturing units across medium and large-scale industries will propel the growth of the global programmable logic controllers market. North America, APAC, and Europe are the largest adopters of these systems in the global market.

PLC Market – By End-Users

Automotive segment to occupy the largest segment in the programmable logic controllers market share during the forecast period

The end-user segment in the PLC market is categorized into automotive, chemicals and petro chemicals, mining and metallurgy, paper, packaging, and printing, food and beverages, water and waste-water treatment, oil and gas, and others. The automotive segment dominated the market share in 2016 and is anticipated to grow at a CAGR of more than 7% during the forecast. The growing requirement for custom-built automated systems, precision in control operations, need for rapid outcomes of the end-products, and safety concerns are some of the factors boosting demand for logic controllers in this segment in the global market. The incorporation of automation technology such as motion control, safety products, control products, discrete sensors, and vision will revolutionize the automotive industry. The development of customized systems for various applications across brands in the automotive industry will boost the revenues in the global market.

PLC Market – By Geography

North America to dominate the programmable logic controllers market share during the forecast period

The PLC market by geographical segment is classified into North America, APAC, Europe, Latin America, and MEA. North America occupied the largest market share in 2016 and is projected to grow at a CAGR of around 9% during the forecast period. The US and Canada are the largest revenues contributors in the global market. The development of well-connected and evolved connectivity grid, product development with emphasis on low-power consumption, sustainability, and well-connected institutional footprint are some of the factors attributing to the growth of the North American region in the global market. The collaborations, bundling of products with various other automation products, and cross-selling enable small and medium-sized players to compete with stronger players effectively in the North American market.

Key Countries Profiled

The key countries profiled in the report are:

  • China
  • Japan
  • US
  • Canada

Key Vendor Analysis

The PLC market (programmable logic controllers market) is fragmented and is the leading players occupy the majority of the market share. The prominent vendors are investing acquiring proper intellectual property to increase their market share. The increase in strategic partnerships will help companies expand their businesses to new regions in the global market. The top players are also focusing on launch easy alternatives with a degree of customization to attract new consumers and sustain the competition level in the global market.

The major vendors in the global market are:

  • Schneider Electric SE
  • Rockwell Automation Inc.
  • Siemens AG
  • Mitsubishi Electric Corp.
  • Omron Corp.

 

Other prominent vendors include ABB Ltd, General Electric, Toshiba Corp., Kontron AG, Honeywell International Inc., Panasonic Corp., Bosch Rexroth, Eaton Corp., Emerson Electric Co., and Yokogawa Electric Corp.

Key market insights include

  1. The analysis of PLC market (programmable logic controllers market) provides market size and growth rate for the forecast period 2018-2023.
  2. It offers comprehensive insights on current industry trends, trend forecast, and growth drivers about the PLC market (programmable logic controllers market).
  3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
  4. It offers a complete overview of market segments and the regional outlook for PLC market (programmable logic controllers market).
  5. The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

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