The Programmable Logic Controller Market is estimated to be valued at US$ 12.89 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
A programmable logic controller (PLC) is an industrial digital computer which is used for automation of various industrial process or manufacturing processes such as monitoring input, processing logic and controlling output. It provides reliable and flexible solutions for industrial applications via ladder logic programming and integration with various system components. Advantages of PLC include ease of programming, flexibility in applications, lesser wiring requirement compared to relay logic and scalability.
Market key trends:
The miniaturization of PLC systems is a major trend witnessed in the programmable logic controller market. Miniaturization helps reduce the size of PLCs while increasing functionality and computing power. Miniaturization makes PLC systems suitable for small-scale industries where space is at a premium. Several innovations in semiconductor and computing technologies are enabling development of miniature PLCs. For instance, ARM-based PLCs are much smaller, consume less power while providing computing performance similar to traditional PLCs. Continued focus on miniaturization is expected to drive adoption of PLCs across small industries over the forecast period.
Porter's Analysis
Threat of new entrants: The programmable logic controller market requires high initial investments which act as a barrier for new players. Bargaining power of buyers: Buyers have moderate bargaining power due to availability of substitutes and presence of many established vendors. Bargaining power of suppliers: Suppliers have low to moderate bargaining power due to availability of substitute components. Threat of new substitutes: Threat of substitutes is low due to programmable logic controllers being specialized for industrial applications. Competitive rivalry: Intense competition exists between vendors to gain higher market share.
SWOT Analysis
Strengths: PLCs offer high flexibility, reliability, and efficiency for industrial applications. Weaknesses: Require skilled workforce for programming and maintenance. High initial costs. Opportunities: Growing demand from process industries and adoption of IoT-enabled PLCs. Threats: Economic slowdowns can impact capital investments. Vulnerable to cyber threats.
Key Takeaways
The global Programmable Logic Controller Market Share is expected to witness high growth, exhibiting CAGR of 5.4% over the forecast period, due to increasing industrial automation. Regional analysis indicates that Asia Pacific dominated the market with over 35% share in 2023 due to strong manufacturing activity in countries such as China and India. Europe is expected to witness significant growth due to rapid adoption of automation technologies by process and discrete industries in Germany, UK and Italy.
Key players operating in the programmable logic controller market are ABB Ltd, Toshiba International Corporation, Hitachi Ltd, Emerson Electric Company, Robert Bosch GmbH, Panasonic Corporation, Omron Corporation, Honeywell International Inc., Siemens AG, Rockwell Automation, Schneider Electric SE, and Mitsubishi Electric Corporation.
Read More,
https://www.newsstatix.com/programmable-logic-controller-market-trends-size-and-share-analysis/
Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).The global Programmable Logic Controller (PLC) market was valued at 116.93 Million USD in 2020 and will grow with a CAGR of 1.05% from 2020 to 2027, based on Our Researcher newly published report.Download FREE Sample of this Report @ https://www.statsmarketresearch.com/download-free-sample/6546072/global-regional-programmable-logic-controller-2021-2027-556A 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.
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.Europe was the largest consumption market with a market share of 40.66% in 2012 and 37.77% in 2017 with a decrease of 2.89%.
Asia-Pacific and North America ranked the second and third market with the market share of 27.03% and 24.06% in 2017.
With the multiple demand of the clients, the manufacturers are concerning more on their RBy Market Verdors:SiemensRockwell (A-B)MitsubishiSchneider (Modicon)OmronB IndustrialGE FanucABBBosch RexrothBeckhoffFujiToshibaKeyenceIdecPanasonicKoyoBy Types:NanoMicroMediumLargeBy Applications:Automobile IndustryPetrochemical and Natural Gas IndustriesPower IndustrySteel IndustryKey Indicators AnalysedMarket Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027.
UpMarketResearch offers a latest published report on “Global Programmable Logic Controller Market Industry Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Get FREE Exclusive PDF Sample Copy of This Report @ https://www.upmarketresearch.com/home/requested_sample/1704The scope of the report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Region-wise Analysis Global Programmable Logic Controller Market covers: • North America • Europe • China • Japan • Southeast Asia • India The Report covers in-depth analysis as follows: • Chapter 1 Programmable Logic Controller Market Overview • Chapter 2 Global Economic Impact on Programmable Logic Controller Industry • Chapter 3 Global Programmable Logic Controller Market Competition by Manufacturers • Chapter 4 Global Programmable Logic Controller Production, Revenue (Value) by Region (2013-2018) • Chapter 5 Global Programmable Logic Controller Supply (Production), Consumption, Export, Import by Regions (2013-2018) • Chapter 6 Global Programmable Logic Controller Production, Revenue (Value), Price Trend by Type • Chapter 7 Global Programmable Logic Controller Market Analysis by Application • Chapter 8 Global Programmable Logic Controller Manufacturers Analysis • Chapter 9 Programmable Logic Controller Manufacturing Cost Analysis • Chapter 10 Industrial Chain, Sourcing Strategy and Downstream Buyers • Chapter 11 Marketing Strategy Analysis, Distributors/Traders • Chapter 12 Market Effect Factors Analysis • Chapter 13 Global Programmable Logic Controller Market Forecast (2018-2023) Gain Full Access of Programmable Logic Controller market industry analysis & forecast 2018-2023 along with complete TOC @ https://www.upmarketresearch.com/reports/Global-Programmable-Logic-Controller-Industry-Market-Analysis-Forecast-2018-2023 “Programmable Logic Controller Market Industry Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.
The report also calls for market-driven results deriving feasibility studies for client needs.
