The global programmable logic controller (PLC) market size reached US$ 15.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 24.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.91% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "Programmable Logic
Controller (PLC) Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2024-2032," the global programmable logic
controller (PLC) market size reached US$ 15.5 Billion in 2023.
A programmable logic controller (PLC) is a specialized digital computer used in
industrial automation applications. It is designed to control and monitor
machinery and processes in manufacturing plants, power plants, and other
industrial settings. Programmable logic controllers are versatile devices
capable of performing tasks such as sequential control, logic operations,
timing, counting, and communication. One of the key advantages of
programmable logic controllers is their programmability, allowing users to
create customized control logic using programming languages, such as ladder
logic, functional block diagrams, or structured text. This flexibility enables
programmable logic controllers to adapt to different industrial applications and
change their behavior without physical modifications. Programmable logic
controllers consist of a central processing unit (CPU), input/output (I/O)
modules, memory, and programming software. The CPU processes the program
instructions and coordinates the I/O modules to interact with sensors,
actuators, and other field devices. The memory stores the program logic and
data required for operation. Programmable logic controllers provide reliability,
ruggedness, and real-time operation, making them well-suited for harsh
industrial environments. They offer features like fault detection, self-
diagnostics, and redundancy options for enhanced system availability.
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4. Report Description
Global Programmable Logic Controller (PLC) Market Trends:
The rising need for efficient and reliable automation solutions across industries represents a significant factor driving the
market growth across the globe. This, coupled with better productivity, reduced downtime, and improved operational
efficiency, is acting as a major growth-inducing factor. In line with this, the increasing use of programmable logic
controllers in industrial automation processes across various sectors, such as manufacturing, energy, automotive, and
food processing, is contributing to the growth of the market. The market is also driven by the widespread adoption of the
Industry 4.0 concepts and increasing integration with IoT technologies, thereby enabling seamless connectivity, data
exchange, and remote monitoring. This integration allows for advanced analytics, predictive maintenance, and real-time
decision-making, which is f urther boosting the demand f or PLCs.
Apart from this, the increasing demand for energy-efficient solutions in industries owing to rising environmental concerns
and the rising need for energy conservation is facilitating the growth of the market. In addition to this, the safety and
compliance regulations, the expansion of infrastructure projects, such as smart cities, transportation networks, and
renewable energy installations, and ongoing technological advancements in PLCs, such as improved processing power,
enhanced networking capabilities, and integration with other automation technologies, are some of the other factors
creating a positive outlook f or the market across the globe.
Looking forward, the market value is projected to reach US$ 24.1 Billion by 2032, expanding at a CAGR of
4.91% during 2024-2032.
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5. Report
Segmentation
Breakup by Type:
• Hardware and Software
o Large PLC
o Nano PLC
o Small PLC
o Medium PLC
o Others
• Services
Breakup by End Use Industry:
• Automotive
• Energy and Utilities
• Chemical and Petrochemical
• Oil and Gas
• Pulp and Paper
6. Report
Segmentation
• Pharmaceutical
• Water and Wastewater Treatment
• Food, Tobacco and Beverage
• Others
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
7. Competitive
Landscape with
Key Players
• ABB Ltd.
• Delta Electronics Inc.
• Eaton Corporation plc
• Emerson Electric Co.
• Fuji Electric Co. Ltd.
• Hitachi Ltd
• Honeywell International Inc.
• Mitsubishi Electric Corporation
• OMRON Corporation
• Panasonic Holdings Corporation
• Robert Bosch GmbH
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG
• Toshiba Corporation
8. Key Questions
Answered in
the Report
What was the size of the global Programmable Logic
Controller (PLC) market in 2023?
What is the expected growth rate of the global Programmable
Logic Controller (PLC) market during 2024-2032?
What are the key factors driving the global Programmable
Logic Controller (PLC) market?
What has been the impact of COVID-19 on the global
Programmable Logic Controller (PLC) market?
What is the breakup of the global Programmable Logic
Controller (PLC) market based on the type?
What are the key regions in the global Programmable Logic
Controller (PLC) market?
Who are the key players/companies in the global
Programmable Logic Controller (PLC) market?
9. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Programmable Logic Controller (PLC) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Hardware and Sof tware
6.1.1 Mark et Trends
6.1.2 Key Segments
6.1.2.1 Large PLC
6.1.2.2 Nano PLC
6.1.2.3 Small PLC
6.1.2.4 Medium PLC
6.1.2.5 Others
6.1.3 Mark et Forecast
6.2 Services
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
10. Table of
Contents
7 Market Breakup by End Use Industry
7.1 Automotive
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Energy and Utilities
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Chemical and Petrochemical
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
7.4 Oil and Gas
7.4.1 Mark et Trends
7.4.2 Mark et Forecast
7.5 Pulp and Paper
7.5.1 Market Trends
7.5.2 Mark et Forecast
7.6 Pharmaceutical
7.6.1 Mark et Trends
7.6.2 Mark et Forecast
7.7 W ater and W astewater T reatment
7.7.1 Mark et Trends
7.7.2 Mark et Forecast
7.8 Food, T obacco and Beverage
7.8.1 Market Trends
7.8.2 Mark et Forecast
7.9 Others
7.9.1 Mark et Trends
7.9.2 Mark et Forecast
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