Global Programmable Logic Controller (PLC) Market 2023-2027

Global Programmable Logic Controller (PLC) Market 2023-2027
Technavio has been monitoring the programmable logic controller (PLC) market and is forecast to grow by USD 3289.73 mn during 2022-2027, accelerating at a CAGR of 4.1% during the forecast period. Our report on the programmable logic controller (PLC) market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for compact automation solutions, demand for PLCs in renewable power generation, and the requirement for PLCs in smart factories.

Technavio's programmable logic controller (PLC) market is segmented as below:

By ProductModularUnitaryRackmountBy End-userProcess industryDiscrete industryBuilding automationBy Geographical LandscapeAPACNorth AmericaEuropeMiddle East and AfricaSouth AmericaThis study identifies the increasing focus on expanding the capability of micro PLCs as one of the prime reasons driving the programmable logic controller (PLC) market growth during the next few years. Also, simplification of the software designing process and introduction of soc FPGAs in PLC architecture will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the programmable logic controller (PLC) market covers the following areas:Programmable logic controller (PLC) market sizingProgrammable logic controller (PLC) market forecastProgrammable logic controller (PLC) market industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading programmable logic controller (PLC) market vendors that include ABB Ltd., Beckhoff Automation GmbH and Co. KG, Beijer Electronics Group AB, Eaton Corp. Plc, Emerson Electric Co., Festo SE and Co. KG, Fuji Electric Co. Ltd., IDEC Corp., Keyence Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Infineon Technologies AG. Also, the programmable logic controller (PLC) market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.