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Programmable Logic Controller Market is Anticipated to Witness High Growth Owing to Increasing Adoption in Automotive Industry

ashwini bakhade
Programmable Logic Controller Market is Anticipated to Witness High Growth Owing to Increasing Adoption in Automotive Industry

The programmable logic controller (PLC) market comprises devices and controllers that are designed to automate industrial processes and equipment. PLCs are used across various industries including automotive, oil & gas, packaging, and manufacturing for applications such as motion control, HMI, and PID control. They offer advantages such as flexibility, durability, and ease of programming as compared to hard-wired relays. The growing adoption of automation and need for effective process control in industries has propelled the demand for PLCs to streamline operations.

The global programmable logic controller market is estimated to be valued at US$ 14.85 Mn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the programmable logic controller market are HiMedia Laboratories, Thermo Fisher Scientific Inc., Sartorius AG, Merck KGaA, Corning Inc., Atlas Biologicals, Inc., TCS Biosciences Ltd., Bovogen Biologicals Pty Ltd., Novus Biologicals, LLC, Capricorn Scientific, PAN-Biotech GmbH, Atlanta Biologicals, Inc., Rockey Mountain Biologicals, GE Healthcare, Serana, and Zhejiang Tianhang Biotechnology. These players are focusing on new product launches and mergers & acquisitions to expand their product portfolio and global presence.

The growing demand for automation in end-use industries presents significant opportunities for market players to provide innovative PLC solutions. Furthermore, the need for mass customization and variation in product design necessitates flexible and reprogrammable control systems. Manufacturers are leveraging the benefits of distributed control systems, wireless technologies, big data analytics, and cloud computing to gain an edge.

Key players are expanding globally to tap the growing demand from developing nations in Southeast Asia, Latin America, and the Middle East & Africa. Strategic partnerships with regional distributors play a key role in strengthening market position. Government initiatives to boost manufacturing provide impetus for international players to set up production facilities offshore as well.

Market Drivers

Growing adoption of automation in the automotive industry: Automotive companies are widely installing automation systems for processes like welding, painting, and component assembly to gain efficiency and productivity. PLCs are crucial hardware components that enable automation.

Increased reliability and performance benefits of PLCs: As compared to electromechanical relays, PLC systems offer higher reliability due to better overload protection. They allow remote monitoring and have advanced communication capabilities. Their reprogrammability allows reuse of existing hardware.

Market Restrain

High initial installation and programming costs: The deployment of PLC systems involve high upfront costs related to hardware, controllers, programming software, installation services, and testing/certification. This hinders growth especially for small-scale users.

Segment Analysis

The Programmable Logic Controller Market Size is dominated by the Automotive sub-segment owing to the extensive use of PLC in automated processes in automotive manufacturing plants. PLCs help integrate machines with assembly lines and facilitate the execution of complex logical processes in automated automobile manufacturing. They control a variety of processes like welding, painting, quality inspection etc. and help achieve efficiency. The Food & Beverage sub-segment is another major segment due to the implementation of PLCs in processes like packaging, bottling, sorting etc. PLCs ensure quality, speed, and consistency in food processing.

Global Analysis

North America holds the largest share in the global Programmable Logic Controller market due to the presence of major automotive manufacturing hubs and developing infrastructure. The adoption of advanced automation technologies in the region's manufacturing sector drives the market. The Asia Pacific region is expected to grow at the fastest pace during the forecast period due to increasing industrialization and establishment of manufacturing plants in developing economies like China and India. Countries are focusing on enhancing productivity through automation which will accelerate PLC adoption. Expansion of end-use industries and rising automation expenditures contribute to market growth in the region.


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ashwini bakhade
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