The globalprogrammable logic controller (plc) market size is estimated to grow by USD 3.01 billion from 2025 to 2029, according to Technavio. The market is estimated to grow at a CAGR of 3.5% during the forecast period.The report provides a comprehensive forecast of key segments below-
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Segmentation Overview
— Product
— 1.1 Modular
— 1.2 Unitary
— 1.3 Rackmount
— End-user
— 2.1 Process industry
— 2.2 Discrete industry
— 2.3 Building automation
— Geography
— 3.1 APAC
— 3.2 North America
— 3.3 Europe
— 3.4 Middle East and Africa
— 3.5 South America
— CountryUS, China, Japan, Canada, Germany, UK, India, South Korea, France, and Italy
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1.1 Fastest growing segment:
Modular Programmable Logic Controllers (PLCs) consist of interchangeable modules that can be combined to create a customized automation solution. Unlike single-function PLCs, modular systems offer flexibility for various applications. These controllers can be arranged in cabinets or rail-mounted for safety and security. Modular PLCs are larger and more expensive than their single-function counterparts. They are primarily used in complex industries like oil and gas, mining, and automotive for controlling multiple inputs and outputs. Their advantages include ease of maintenance and repair, increased memory capacity, and the ability to add more systems for future expansion. The enhanced memory module allows for faster processing, making them an ideal choice for increasingly complex manufacturing processes. These factors will significantly contribute to the growth of the modular PLC segment and the global PLC market during the forecast period.
Analyst Review
The Programmable Logic Controller (PLC) market refers to the computer control systems used in industry automation to manage and automate various processes. These systems utilize input devices such as sensors and switches, and output devices like relays and switch boxes, to control automated machines in industries like steel and energy. PLCs are based on electronic devices like dual-core microcontrollers with Cortex-M4 cores, flash memory, and static RAM. They offer multi-functionality, reducing machine downtime and increasing efficiency in conveyor systems, packaging systems, and more. However, with the increasing integration of IT in industrial control systems, cyber threats such as malware, ransomware, and phishing attacks pose significant risks. Technicians must ensure proper error handling and security measures to maintain system functionality and protect against potential breaches.
Market Overview
The Programmable Logic Controller (PLC) market refers to the computer control systems used in various industries for automating production processes. These systems use Input devices to receive data from sensors measuring parameters like vibration, humidity, temperature, electrical noise, and other process variables. Output devices are used to control machines and equipment based on the processed data. PLCs are widely used in sectors such as steel, energy, and industrial control systems. They are integral to the functioning of buildings, wind power, and wind turbines. PLCs come in various sizes, from small and compact to large and modular, catering to different industrial verticals. The hardware components of a PLC include the processor, power supply, and communication interfaces. Software capabilities are essential, with features like error handling, machine downtime reduction, and multi-functionality. Industries like energy, oil and gas, food and beverages, pulp and paper, and aerospace and defense rely on PLCs for automation. The miniaturization of machinery and the rise of IIoT systems have led to the development of compact PLCs and PC-based and cloud-based controllers. However, challenges like cyber threats, malware, ransomware, phishing attacks, and industrial espionage pose significant risks to the security of PLC systems. Companies must invest in service, training, and software capabilities to mitigate these risks. Key factors driving the PLC market include macroeconomic factors, the auto assembly process, smart factories, robots, and the electrification of vehicles. Companies like OTEK Corporation, Finder, and Opta offer innovative solutions, with technologies like LED technology, digital panel meters, and Arm Cortex-M7 and M4 cores.
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Key Topics Covered:
1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation7 Customer Landscape8Geographic Landscape9 Drivers, Challenges, and Trends10 VendorLandscape11VendorAnalysis
— ABB Ltd.
— Beckhoff Automation
— Eaton Corp.
— Emerson Electric Co.
— Ependion AB
— Festo SE and Co. KG
— Furukawa Electric Co. Ltd.
— IDEC Corp.
— Infineon Technologies AG
— Keyence Corp.
12Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email:media@technavio.comWebsite:www.technavio.com/
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SOURCE Technavio
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