Programmable Logic Controller (PLC) Market Survey Report – Recent Trends, Growth Opportunities, and Market Size and Share Global Forecast Analysis – 2024 - 2032

Programmable Logic Controller (PLC) Market Size Survey Report – In a Glance

As per the survey report on global Programmable Logic Controller (PLC) market, the market is projected to foresee a CAGR of 10% between 2024-2032, and further generate a market size of USD 26.1 billion by the end of 2032. In the year 2023, the market size was valued at USD 10.5 billion.

• The global Programmable Logic Controller (PLC) market is projected to grow on account of the increasing automation across various industries.
• In Japan, the Programmable Logic Controller (PLC) market growth can be attributed to the smart manufacturing initiatives.
• KDMI analyst’s growth analysis foresees increasing competition and alternative technologies to challenge the market growth.
• The Asia Pacific Programmable Logic Controller (PLC) market is projected to dominate the global market.

Programmable Logic Controller (PLC) Market Analysis

A Programmable Logic Controller (PLC) is a specialized digital computer device used to control machinery and processes at industrial level. It is designed to work by obtaining inputs, works on that data, produces an output according to a programmed logic, helps in controlling the operations. Programmable Logic Controller are flexible and reliable, playing a crucial role in enhancing the work efficiency in various industrial application. The Programmable Logic Controller (PLC) market is expected to grow due to rising demand of automation devices in various industries. It simplifies processes such as manufacturing, enabling remote monitoring and control. As the demand for optimized production and reduced cost, improving overall quality has increases countries like Germany, China and US have adopted “Industry 4.0” like artificial intelligence, IoT, and cloud computing, etc., in their manufacturing processes, raising the PLCs demand and driving market expansion. Simens AG, Rockwell Automation, and Bosch Rexroth are some of the significant parties in the global market for Programmable Logic Controller (PLC) Market.

Analyst’s Observation on Japan Programmable Logic Controller (PLC) Market Survey

Japan’s manufacturing sector is identified by its strong focus on maintaining high standard quality, efficiency and continuous improvements. In Japan, the Programmable Logic Controller (PLC) Market is driven by the nation’s focus on smart manufacturing initiatives, which prioritize the use of automation technologies. The Smart Manufacturing Summit Project is initiated by Japanese and Europeans to help developing innovation and research for industry 5.0 by adoption of smart technologies like AI, robotics, IoT and Programmable Logic Controller (PLC), driving the market growth. Omron Industrial Automation, Panasonic, and Fuji Electric are some of the significant parties in the market for Programmable Logic Controller (PLC) Market in Japan.

Programmable Logic Controller (PLC) Market Growth Drivers and Challenges

Rising trend of PLCs integration in industrial IoT:

PLCs are incorporated into IoT systems, causing interconnected automation for seamless communication between devices. PLCs integrated in IoT systems, helps in improved data exchange and real-time monitoring of the devices improving efficiency. This fusion leads to great adjustments, resource optimization and predictive analytics, resulting in higher productivity, reduced time, and better operational visibility.

Security Concern regarding potential unauthorized access:

Security concerns is a crucial restraining factor restraining market size. As the installments of automation systems are increasing in industries, the system gets connected with the IT networks, leading to cyber threats such as phishing acts, malware, etc. The possibility of unauthorized access to critical industrial devices and information poses significant security, safety and reliability concerns.

Programmable Logic Controller (PLC) Market Segmentation

Our experts at KD Market Insights have segmented the global Programmable Logic Controller (PLC) market research report as :

Programmable Logic Controller (PLC) Market Regional Synopsis

The Asia Pacific Programmable Logic Controller (PLC) market is majorly driven by increased adoption of PLCs in production line. Manufacturing facilities with integrated PLCs let manufacturers work faster and smarter, as the automated processes reduce the errors, expenses and production time. The arrival of this technology in industrial line has transformed the industries and improved the innovative vision. As per the reports, Japan intends to attain "Society 5.0" by fully leveraging the fourth industrial revolution's technology innovation, such as IoT, AI, and Big Data. Establishment of new initiatives and technologies with integrated Programmable Logic Controller (PLC) drives the growth of the market.

As per our analysts at KD Market Insights, the following five players lead the Asia Pacific Programmable Logic Controller (PLC) market growth:

• ABB Ltd
• Mitsubishi Electric Corporation
• Schnieder Electric SE
• Rockwell Automation
• Panasonic Corporation

Programmable Logic Controller (PLC) Market Competitive Landscape

Some of the key players who top the global Programmable Logic Controller (PLC) market share:

• ABB Ltd.
• Mitsubishi Electric Corporation.
• Schneider Electric SE.
• Rockwell Automation.
• Siemens AG.
• Honeywell International Inc.
• Omron Corporation.
• Panasonic Corporation.
• General Electric Company (GE)
• Hitachi
• Keyence
• Phoenix Contact

Programmable Logic Controller (PLC) Market Recent Developments

• Rockwell Automation releases Micro800 PLC and automation software enhancements. These controllers offer faster data refresh rate for better performance.

• Simes launched Simatic S7-1500V, a complete virtual PLC, which is a part of Industrial Operations. In future the range will include both hardware controllers and virtual PLC.