Rise in Industrial Automation to Fuel Growth During Forecast Period.
Among the numerous types of industrial control systems available, products Programmable Logic Controller market is widely used in the industrial production business. These control systems improve productivity, dependability, and safety, allowing enterprises to meet and exceed their objectives. Products in the Programmable Logic Controller market are versatile tools that can withstand the harshest environments prevailing in industrial setups, allowing busy, logic-based businesses such as the automotive industry to easily and effectively automate their processes. The primary function of PLCs is to automate operations by processing input data and using it to activate outputs. When a product in Programmable Logic Controller market senses an abnormality, it can switch various components on and off, raise and lower temperatures, and display an alarm. They can also monitor and record data from connected inputs and machines. By linking PLCs to machine monitoring or supervisory control and data acquisition (SCADA) systems, users may process data and monitor live trends, productivity reports, and other vital metrics. According to a 2023 report by Zipdo, PLCs are the most widely used automation technologies in factories, and they are employed by 60% of businesses globally. This shows that PLCs are a forerunner in manufacturing technology, and they also serve as a memorable template for the digital transformation that the factory automation sector is experiencing.
Programmable Logic Controller Market: Industry Overview
The Programmable Logic Controller market is categorized on the basis of type, offering, end user, and geography. Based on type, the market is segmented into fixed PLC, modular PLC, and others. The Programmable Logic Controller market, by offering, is segmented into hardware-based PLC and software-based PLC. Based on end user, the Programmable Logic Controller market is categorized into food & beverages, automotive, energy & power, oil & gas, pharmaceutical, building automation, and others. In terms of geography, the market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and South America.
In 2022, Asia Pacific led the global Programmable Logic Controller market with a substantial revenue share, followed by North America and Europe, respectively. The market in Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. Asia Pacific is home to some major manufacturing industries in the world. China and India are considered manufacturing hubs across all continents. The region holds the largest share of the Programmable Logic Controller market, owing to its dominance in the manufacturing sector. According to a 2023 report by the International Trade Administration, China remains the world’s largest automobile market in terms of yearly sales and manufacturing output, and the domestic output is estimated to exceed 35 million vehicles by 2025. According to figures by the Ministry of Industry and Information Technology, ~26 million vehicles were sold in 2021, including 21.48 million passenger vehicles, representing a 7.1% increase over 2020. Commercial vehicle sales totaled 4.79 million units, recording a 6.6% decrease from 2020. Also, Japan’s manufacturing industry has been driving its economy, which makes it the third-largest economy in terms of GDP in the world. The country is regarded as one of the “Manufacturing Superpowers.” In FY 2019–2020, the manufacturing sector accounted for nearly 20% of the total GDP of Japan, led by car companies and several other players. All these factors and trends signify a strong demand for products in Programmable Logic Controller in the Asia Pacific.
Programmable Logic Controller Market: Competitive Landscape and Key Developments
Siemens, Rockwell Automation, Mitsubishi Electric Corporation, OMRON Corporation, Schneider Electric, ABB; Eaton, Honeywell International Inc.; Emerson Electric Co.; and Hitachi, Ltd. are among the leading players profiled in the Programmable Logic Controller market report. Several other essential market players were analyzed for a holistic view of the market and its ecosystem. The report provides detailed market insights to help the key players strategize their market growth. A few of these developments are mentioned below.
- In September 2019, Siemens announced the release of a module to incorporate AI capabilities into its Simatic S7-1500 controller and ET 200MP I/O system. Siemens introduced the offering in the US at PACK EXPO Las Vegas, laying the groundwork for its future portfolio that will enable AI across all levels of Siemens’ Totally Integrated Automation (TIA) architecture, a combination of hardware and software seamlessly linking everything together.
- In September 2019, Capgemini helped Baker Hughes, a GE company (BHGE), implement and create an Industrial Internet of Things (IIoT) solution that gathers data from all manufacturing machines and devices, including furnaces, cranes, and machine tools, and the manufacturing execution system (MES). The solution provides engineers and operators with a new level of ability and insight to adjust production on short notice.
- In June 2016, Honeywell Process Solutions (HPS) introduced the ControlEdgeTM PLC, a new addition to Honeywell’s next-generation family of controllers that harness the potential of the IIoT.