Growth and Expansion of the Programmable Logic Controller (PLC) Market

Growth and Expansion of the Programmable Logic Controller (PLC) Market

 

According to Next Move Strategy Consulting, the global Programmable Logic Controller (PLC) Market is predicted to reach USD 22 billion by 2030 with a CAGR of 6% from 2022-2030. PLCs are specialized microprocessor-based controllers used to monitor the state of input devices and control output devices, based on custom programs. They are pivotal in controlling machines and processes with high efficiency and minimal human supervision.

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PLCs are equipped with a processor, power supply, and input/output section. They support a wide range of programming languages, such as ladder diagrams, sequential function charts, and functional block diagrams. These controllers are integral in various sectors, including manufacturing, automotive, and renewable energy.

The demand for PLCs is particularly growing within the renewable power generation sector, where their ability to automate complex processes is essential. Additionally, there is a marked need for miniaturized, customized PLCs, as industries strive to improve automation levels. The automotive industry, in particular, has contributed to this demand due to its need for advanced automation in production processes.

Regional Insights 

North America currently holds the largest share of the PLC market, driven by investments in industries like oil & gas, mining, food & beverages, and paper & pulp. The demand for PLCs in these sectors is expected to continue rising, fostering regional market growth.

In contrast, the Asia Pacific region is poised to show steady growth due to increasing automation in industries, with China emerging as a key player in electronics manufacturing. Japan’s push towards Industry 4.0, supported by initiatives like Society 5.0, is also contributing to the surge in PLC adoption, especially in electronics sectors.

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Key Market Players 

The programmable logic controller market comprises several leading players including Siemens, Hitachi Ltd., Rockwell Automation, OMRON, Panasonic, Honeywell, Mitsubishi Electric, Delta Electronics, Yokogawa, ABB, and Beckhoff Automation. These companies are enhancing their market presence through continuous R&D initiatives, product innovations, and strategic collaborations.

For example, in January 2020, Hitachi Ltd. acquired JR Automation to provide seamless integration of robotic systems, while in July 2021, Siemens' Simatic PCS 7 PLC system was selected by GEO Specialty Chemicals to enhance production capabilities at their new facility in Hythe, U.K.

Conclusion 

The PLC market is expanding rapidly due to technological advancements, increasing automation in manufacturing, and the growing demand in industries like automotive, energy, and electronics. North America is leading the market, but Asia Pacific is emerging as a key region due to its industrial expansion and governmental support for Industry 4.0 initiatives.

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