Programmable Logic Controller (PLC) Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 12.20 Billion |
| Market Size (2029) | USD 15.12 Billion |
| CAGR (2024 - 2029) | 4.37 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players-Market-ML.webp)
*Disclaimer: Major Players sorted in no particular order |
Programmable Logic Controller (PLC) Market Analysis
The Programmable Logic Controller Market size is estimated at USD 12.20 billion in 2024, and is expected to reach USD 15.12 billion by 2029, growing at a CAGR of 4.37% during the forecast period (2024-2029).
The market is experiencing significant growth due to the increasing demand for automation to meet production goals and enhance product quality. The need for higher production volumes without compromising quality standards also drives this demand, as PLCs enable precise control over manufacturing parameters, ensuring consistent output and adherence to quality benchmarks.
- The market studied is significantly influenced by industrial output and investments in computers and software. PLC systems have traditionally served as the foundation of process and discrete factory automation. The increasing adoption of Industry 4.0 across various industrial sectors has further driven market growth. A notable growth indicator for PLCs in discrete manufacturing is the increased deployment of robots in the automotive manufacturing, electrical, and electronics industries.
- With robots being one of the key users of PLCs, the market is expected to benefit significantly from the growth of global industrial robot installations. Industrial robots have witnessed a huge demand in recent years due to the rising adoption of smart factory systems. According to the International Robotics Federation (IFR), manufacturing companies in the United States have invested heavily in automation. The number of total industrial robots installed increased by 12% and reached 44,303 units in 2023.
- Another major trend in the market is the growing adoption of integrated solutions and devices, such as embedding PLCs with industrial controls such as HMIs or SCADA. These integrations improve efficacy and visibility in factory operations while reducing the workload on central controllers.
- The integration of PLC, motion control, and HMI programming into a single environment is a trend expected to advance over the forecast period. The demand for combining HMI processors and PLCs into the same rack, with a monitor included in the package or offered as an external option, is projected to increase significantly.
- The growing demand for product customization and the shift from batch to continuous processing in discrete industries are creating significant challenges for the PLC market. Factors such as greater flexibility, integration with advanced technologies, scalability, and cost pressures are pushing manufacturers to explore more advanced automation solutions like DCS, SCADA, industrial PCs, and cloud-based systems. While PLCs remain essential in many applications, their limitations in handling dynamic, real-time, and large-scale processes in these evolving environments drive industries to seek alternatives that offer better adaptability, scalability, and efficiency.
- Economic growth, particularly in the manufacturing and industrial sectors, is significantly driving demand for various types of PLCs. As economies expand and industries modernize, the demand for automation solutions is increasing, enabling these industries to enhance efficiency, productivity, and competitiveness.
Programmable Logic Controller (PLC) Market Trends
Automotive Industry to be the Fastest Growing End User
- PLCs can be used in various automotive manufacturing applications, including assembly lines, painting, and welding. They control the movement of materials and parts on the production line, ensuring efficient operations, which shows the potential demand for PLC systems in line with the growth of Automotive manufacturing worldwide. The potential for PLC in automotive manufacturing expands as technology evolves. Integrating Artificial Intelligence (AI) and the Internet of Things (IoT) with PLC paves the way for smart factories. These factories can monitor and optimize production in real-time, heightening efficiency. For instance, machines equipped with sensors can gather performance data and make necessary adjustments to enhance production.
- The automobile industry finds many PLC applications from the product application view, and the most significant amount is medium-sized PLC. Some forms of the PLC are mostly at the electric car's former disposal in the application. Moreover, the PLC market in the automotive industry is anticipated to expand further with new technologies such as machine vision, collaborative robotics, artificial intelligence for driverless/autonomous automobiles, cognitive computing in IoT-connected cars, and more. Furthermore, many automakers are expanding their Electric Vehicle factory in the studied region, further driving the market, which would support the demand for smart factories and create a growth opportunity for the market vendors.
- For instance, in October 2023, Hyundai planned to build its first US electric vehicle plant, with production on track for 2025. This would support the expansion of automobile manufacturing in the market and create a demand for PLC systems due to their applications in plant automation.
- Manufacturers managing multiple automation control points increasingly opt for centralized management to boost visibility and security. This trend would drive the demand for advanced PLC solutions in the market.
- For example, in May 2024, Ford Motors announced its plan to implement an automated system from Siemens to centralize its factory control. This innovative solution merges the capabilities of a hardware Programmable Logic Controller (PLC), a traditional Human Machine Interface, and an edge device into a unified, software-driven platform. By integrating Internet Technology (IT) workflows into Operational Technology (OT) environments, the system streamlines operations and underscores the technological strides in PLC solutions, bolstering their market adoption rate.
- Significant Growth in Electric Vehicles (EVs) To Boost the Market Demand. PLCs are essential for controlling the various robotic systems, conveyors, and machines that perform welding, painting, material handling, and assembly in EV production facilities. According to IEA, in 2023, China experienced the most electric car sales throughout the Asia-Pacific region, with over eight million electric cars sold.
- Therefore, deploying PLCs in automotive manufacturing results in benefits such as enhancing productivity and quality while minimizing downtime. Manufacturers can boost production rates through process automation while decreasing error probabilities, supporting the growth of the studied market in the future.
Asia-Pacific to Register Major Growth
- China's push for industrial automation, especially in manufacturing, automotive, electronics, and chemicals, is crucial for adopting PLC. The Chinese government has launched initiatives, such as Made in China 2025, to modernize its manufacturing sector through automation and smart technologies. This has increased investments in PLC systems to improve efficiency, reduce human error, and enhance production line flexibility. In 2023, the sales volume of automated mobile robots (AMR) and automated guided vehicles (AGV) amounted to 140 thousand units.
- China recently released multiple industrial policies as part of its advanced manufacturing drive. The guidelines support the country's objective of becoming a high-tech superpower during the next quarter-century. For instance, the Chinese government has been pushing for the industrial use of next-generation wireless technology amid a steady stream of directives focused on transforming the country's manufacturing.
- According to the International Federation of Robotics (IFR), China's massive investment in industrial robotics has put the nation in the top ranking in terms of robot density, surpassing the United States for the first time. The ratio of operational industrial robots to workers in manufacturing reached 322 units per 10,000 employees. The nation leads in annual robot installations and has consistently boasted the most significant operational stock of robots for several years.
- The fastest-growing vertical markets in the country are expected to facilitate robotics applications across different verticals, as China now accounts for almost a quarter of all the industrial robots installed globally (IFR). Also, the Wuhan University Institute of Quality Development Strategy predicts that by 2025, machinery and robotics will replace nearly 5% of China’s workforce. Such investments are expected to drive the PLC market during the forecast period.
- India's manufacturing sector, driven by initiatives like "Make in India,” is increasingly adopting automation to enhance productivity, quality, and competitiveness. Industries such as automotive, electronics, textiles, and food and beverages are investing in PLC-based automation systems to streamline operations and reduce human intervention, which leads to increased demand for PLCs.
- According to IBEF, India's electric vehicle (EV) market is estimated to reach USD 7.09 billion (INR 50,000 crore) by 2025. A study by the CEEW Centre for Energy Finance recognized a USD 206 billion opportunity for electric vehicles in India by 2030. This will necessitate a USD 180 billion investment in vehicle manufacturing and charging infrastructure.
- Japan is a significant player in industrial automation, with industries like automotive, electronics, and manufacturing increasingly adopting smart factory solutions. PLCs are crucial in automating production processes, improving efficiency, and reducing operational costs. The push toward "Industry 4.0" and "Society 5.0" initiatives encourages greater adoption of PLCs to enable smart manufacturing systems.
Programmable Logic Controller (PLC) Industry Overview
Competition depends on factors affecting the market, such as brand identity, powerful competitive strategy, and degree of transparency. The market studied has a highly sustainable competitive advantage through innovation, as buyers seek more efficient solutions to optimize the process.
The market consists of long-standing established players who have significantly invested in improving product technology. Some vendors include ABB Ltd, Siemens AG, and Emerson Electric Co.. The new players entering the market require a high level of advertising. However, this is quite simple for the key players in the industry. The companies can sustain themselves through powerful competitive strategies like technological collaborations, extensive R&D investments, and acquisitions.
The presence of established vendors, such as ABB Ltd, Rockwell Automation Inc., Honeywell International Inc., and Mitsubishi Electric Corporation, pose high barriers to the entry of new players since these players occupy the majority of the market and have greater access to the distribution channels.
Programmable Logic Controller (PLC) Market Leaders
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ABB Ltd
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Mitsubishi Electric Corporation
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Schneider Electric SE
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Rockwell Automation Inc.
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Siemens AG
*Disclaimer: Major Players sorted in no particular order
-Market-Conc.webp)
Programmable Logic Controller (PLC) Market News
- September 2024: Schneider Electric, a global player in energy management digital transformation and next-gen automation, inaugurated its new manufacturing plant at Prospace Industrial Park Pvt. Ltd in Kolkata. Spanning 9 acres, the facility represents an investment of INR 140 crores (USD 167 Million). Such expansion in the smart factories may further propel the studied market demand.
- August 2024: Gil Automation Ltd reported that Siemens offers an extensive portfolio of PLCs to the food and beverage industry to enhance operations, minimize inefficiencies, increase quality standards, and adapt to consumer preferences. By integrating Siemens' automation solutions, such as Programmable Logic Controllers (PLCs) paired with Supervisory Control and Data Acquisition (SCADA) systems into their production lines, manufacturers can achieve greater product consistency and quality. This shows the rising demand for PLCs within the food, beverage, and tobacco sectors.
- April 2024: Valmet announced its latest offering, the Valmet DNA, a next-generation distributed control system (DCS). This cutting-edge system boasts a fully web-based design bolstered by a new cybersecure architecture. Valmet's package includes control software, hardware, engineering, and analytics tools. The company promises these features will empower its customers to enhance their operations' efficiency, productivity, sustainability, and safety.
PLC Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Impact of Macroeconomic Trends on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increased Adoption of Automation Systems
5.1.2 Ease of Use and Familiarity with PLC Programming to Sustain Growth
5.2 Market Restraints
5.2.1 Demand for Customization of Products and Gradual Shift from Batch to Continuous Processing in the Discrete Industries
5.2.2 Increase in Adoption of Distributed Control Systems (DCS), with Enhanced Safety and Advanced Control Capabilities
6. MARKET SEGMENTATION
6.1 By Type
6.1.1 Hardware and Software
6.1.1.1 Large PLC
6.1.1.2 Nano PLC
6.1.1.3 Small PLC
6.1.1.4 Medium PLC
6.1.1.5 Other Types
6.1.2 Services
6.2 By End-user Industry
6.2.1 Food, Tobacco, and Beverage
6.2.2 Automotive
6.2.3 Chemical and Petrochemical
6.2.4 Energy and Utilities
6.2.5 Pulp and Paper
6.2.6 Oil and Gas
6.2.7 Water and Wastewater Treatment
6.2.8 Pharmaceutical
6.2.9 Other End-user Industries
6.3 By Geography***
6.3.1 North America
6.3.1.1 United States
6.3.1.2 Canada
6.3.2 Europe
6.3.2.1 United Kingdom
6.3.2.2 Germany
6.3.2.3 France
6.3.3 Asia
6.3.3.1 China
6.3.3.2 India
6.3.3.3 Japan
6.3.4 Australia and New Zealand
6.3.5 Latin America
6.3.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 ABB Ltd
7.1.2 Mitsubishi Electric Corporation
7.1.3 Schneider Electric SE
7.1.4 Rockwell Automation Inc.
7.1.5 Siemens AG
7.1.6 Honeywell International Inc.
7.1.7 Omron Corporation
7.1.8 Panasonic Corporation
7.1.9 Robert Bosch GmbH
7.1.10 Emerson Electric Co.
7.1.11 Hitachi Ltd
7.1.12 Toshiba International Corporation
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Programmable Logic Controller (PLC) Industry Segmentation
PLC is the primary computing system that controls automated machines. The system also helps detect errors or flaws and alerts the technician. Due to their compact sizes, PLC systems are preferred over traditional ones, like relays and switch boxes. Another advantage of PLCs is their multi-functionality (owing to their programmable nature, which can be used for multiple operations depending on the application. The PLC consists of hardware, software, and services. The basic architecture of the PLC consists of the main components: the processor module, the power supply, and the I/O modules.
The Programmable Logic Controller (PLC) market is segmented by type (hardware and software [large PLC, nano PLC, small PLC, medium PLC, other types], services, by end-user industry (food, tobacco, and beverage, automotive, chemical and petrochemical, energy and utilities, pulp and paper, oil and gas, water and wastewater treatment, pharmaceutical, other end-user industries), by geography (North America [United States, Canada], Europe [United Kingdom, Germany, France, Rest of Europe], Asia-Pacific [China, India, Japan, Rest of Asia-Pacific], Latin America, Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value in USD for all the Above Segments.
| By Type | |||||||
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| Services |
| By End-user Industry | |
| Food, Tobacco, and Beverage | |
| Automotive | |
| Chemical and Petrochemical | |
| Energy and Utilities | |
| Pulp and Paper | |
| Oil and Gas | |
| Water and Wastewater Treatment | |
| Pharmaceutical | |
| Other End-user Industries |
| By Geography*** | |||||
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| Australia and New Zealand | |||||
| Latin America | |||||
| Middle East and Africa |
PLC Market Research FAQs
How big is the Programmable Logic Controller Market?
The Programmable Logic Controller Market size is expected to reach USD 12.20 billion in 2024 and grow at a CAGR of 4.37% to reach USD 15.12 billion by 2029.
What is the current Programmable Logic Controller Market size?
In 2024, the Programmable Logic Controller Market size is expected to reach USD 12.20 billion.
Who are the key players in Programmable Logic Controller Market?
ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation Inc. and Siemens AG are the major companies operating in the Programmable Logic Controller Market.
Which is the fastest growing region in Programmable Logic Controller Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Programmable Logic Controller Market?
In 2024, the Asia Pacific accounts for the largest market share in Programmable Logic Controller Market.
What years does this Programmable Logic Controller Market cover, and what was the market size in 2023?
In 2023, the Programmable Logic Controller Market size was estimated at USD 11.67 billion. The report covers the Programmable Logic Controller Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Programmable Logic Controller Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the challenges facing the PLC market?
Major challenges faced by the Programmable Logic Controller (PLC) Market are a) High initial cost b) Need for skilled personnel to operate PLC systems c) Vulnerability to cyber threats in increasingly connected environments
What are the latest trends in PLC technology?
Latest trends in the PLC Technology Market are a) Integration with IoT for smarter control b) Increased use of wireless communication technologies c) Enhanced data analytics capabilities
What are the challenges facing the PLC market?
Major challenges faced by the Programmable Logic Controller (PLC) Market are a) High initial cost b) Need for skilled personnel to operate PLC systems c) Vulnerability to cyber threats in increasingly connected environments
PLC Industry Report
The Programmable Logic Controller (PLC) market is witnessing substantial growth, fueled by the increasing adoption of automation in various industries and the rising demand for renewable energy sources. This growth is reflected in the market's segmentation by product types, with modular PLCs leading due to their advanced capabilities in complex applications like AI-driven shipping and predictive maintenance. Key segments also include vital end-users such as the automotive and energy sectors, where PLCs play a crucial role in enhancing efficiency and minimizing operational downtime. Geographically, North America holds a significant PLC market share, due to its swift adoption of industrial automation, while the Asia-Pacific region experiences robust growth driven by industrial advancements and supportive government initiatives for manufacturing automation. The competitive landscape sees PLC controller manufacturers innovating to meet the escalating needs for efficient industrial control systems, aiming to expand their influence and share in the global PLC market size. For detailed statistics, market share, size, and revenue growth insights, download a free report PDF sample from Mordor Intelligence™ Industry Reports on the PLC market forecast outlook and historical overview.
Programmable Logic Controller (PLC) Market Report Snapshots
