Programmable Logic Controller Market is expected to hit USD 17.57 Bn by 2029 at a CAGR of 5 percent

Programmable Logic Controller Market is segmented into Type, Technology, and End-User for the analysis of the market. The growing need for automation in various industries is expected to drive the Programmable Logic Controller Market. The bottom-up approach was used to estimate the Programmable Logic Controller Market Size.

Pune, June 02, 2023 (GLOBE NEWSWIRE) -- A global research and business consulting firm, Maximize Market Research, has published a market intelligence report on the "Programmable Logic Controller Market". The report is a combination of primary data and secondary data and domain experts have analyzed the Programmable Logic Controller Market from a local as well as a global point of view. Over the forecast period, Maximize Market Research expects the market to grow from USD 12.49 Bn in 2022 to USD 17.57 Bn in 2029 at a CAGR of 5 percent.

Programmable Logic Controller Market Report Scope and Research Methodology

Market Size in 2022

USD 12.49 Bn.

Market Size in 2029

USD 17.57 Bn.

CAGR

5 percent (2023-2029)

Forecast Period

2023-2029

Base Year

2022

Number of Pages

276

No. of Tables

113

No. of Charts and Figures

112

Segment Covered

Type, Technology and End-User

Regional Scope

North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage

Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Request For Free Sample Report: https://www.maximizemarketresearch.com/request-sample/188518

The Programmable Logic Controller Market report uses a bottom-up approach to estimate the market size by value. The report includes growth hubs, investment feasibility, restraints, and competitive analysis of the market in five major geographic regions such as North America, Asia Pacific, Middle East and Africa, Europe, and South America. The report presents a market analysis through segments along with its multiple sub-segments. The report involves data regarding mergers and acquisitions and partnerships by major key companies. The market data has been collected through primary and secondary research methods. Collected data is later analyzed by tools such as SWOT, PORTER's five-force model, and PESTLE analysis which provides political, social, economic, environmental, technological and legal aspects of the market.

Programmable Logic Controller Market Overview

A Programmable Logic Controller Device is a ruggedized computer used for industrial automation. These controllers are expected to automate a specific process, machine function and an entire production line. The growing automation trends are expected to drive the Programmable Logic Controller Market.

Programmable Logic Controller Market Dynamics

The increasing need for automation in vulnerable industries and remote areas is expected to drive the Programmable Logic Controller Market. Also, the continuous research and development by the Programmable Logic Controller Key Manufacturers for advanced PLCs, includes characteristics such as greater memory, compact size, and high-speed Ethernet with wireless capabilities. The launch of Industry 4.0 such as the Internet of Things (IoT), artificial intelligence (AI), and cloud computing is expected to propel the growth of the Programmable Logic Controller Market.

Get a Sample Copy of the Report : https://www.maximizemarketresearch.com/request-sample/188518

Trends:

PLCs with Compact Size and Fast Processing: Technological advancements reduced the size of PLCs and are expected to help the electronics industry to transform drastically. PLCs are now available in micro and nano classes.

Merger of Programmable Automation Controllers and PLCs expected to drive Market: Generally, a Programmable Automation Controller (PAC) is a hardened modular industrial controller which uses a PC-based processor and it provides a variety of programming options beyond the IEC 61131-3 programming languages.

The lack of skilled personnel in the industry and the threats from cyber-attacks are expected to limit the growth of the Programmable Logic Controller Market. The demand for compact-size and powerful PLCs includes a complex manufacturing process, which is expected to increase the Programmable Logic Controller Price.

Programmable Logic Controller Market Regional Insights

Asia Pacific is expected to grow at the highest CAGR during the forecast period in the Programmable Logic Controller Market. The growing use of the Industrial Internet of Things (IIoT) and the region is known as a hub for the automotive industry. These factors are expected to drive the Programmable Logic Controller Market in the region. The use of PLC provides benefits in the automotive, food and beverages and electronics industry.

North America is expected to hold the largest share of the Programmable Logic Controller Market by 2029. The region's growth is supported by the presence of major Programmable Logic Controller Key Players and the continuous research and development by the Programmable Logic Controller Key Companies.

Get Customization on this Report for Specific Research Solutions: https://www.maximizemarketresearch.com/request-customization/188518

Programmable Logic Controller Market Segmentation

By Type:

Modular PLC

Compact PLC

Rackmount PLC

Large PLC

Modular PLCs have characteristics such as more memory capacity and are capable of storing a large volume of data. Modular PLCs support the expansion of an existing process. A modular PLC is part of a rack system. It is possible to add extra modules to the rack as necessary without replacing the original PLC.

By Technology:

Traditional

Safety

Hybrid

The traditional PLC segment is the most widely used type of PLC in various industries, such as automotive, manufacturing, and oil and gas. This offers better reliability, more flexibility, low cost and easy communication and easy troubleshooting. Also, the hybrid PLC segment is expected to hold the largest revenue share of the market since it offers characteristics of both technologies used in manufacturing.

By End-User:

Automotive

Chemical & Petrochemical

Energy & Power

Food & Beverage

Oil & Gas

Others

The automotive segment is expected to hold the largest share of the PLC market by 2029, thanks to the increasing adoption of automation in the industry. To avoid the risks of damage and to control the system in vulnerable areas, PLCs are used. After, the Chemical and oil and gas industry segments are expected to hold the largest share of the market due to the increased demand for workers and machines safety.

Programmable Logic Controller Key Competitors include:

Siemens AG

Rockwell Automation Inc.

ABB Ltd.

Mitsubishi Electric Corporation

Schneider Electric SE

General Electric Company

Honeywell International Inc.

Bosch Rexroth AG

Beckhoff Automation GmbH & Co. KG

Panasonic Corporation

Omron Corporation

Eaton Corporation PLC

Emerson Electric Co.

Hitachi, Ltd.

Toshiba Corporation

Delta Electronics Inc.

Yokogawa Electric Corporation

Fuji Electric Co., Ltd.

WAGO Kontakttechnik GmbH & Co. KG

IDEC Corporation

Danfoss A/S

B&R Industrial Automation GmbH

IDEMIA France SAS

Advantech Co. Ltd.

Yaskawa Electric Corporation

Get the Sample PDF of Report: https://www.maximizemarketresearch.com/request-sample/188518

Key questions answered in the Programmable Logic Controller Market are:

What is a Programmable Logic Controller?

What was the Programmable Logic Controller Market Size in 2022?

What is the expected Programmable Logic Controller Market size during the forecast period?

What are the global trends in the Programmable Logic Controller Market?

What are the major restraints for the Programmable Logic Controller Market?

Which segment dominated the Programmable Logic Controller Market growth?

What is the demand pattern for the Programmable Logic Controller Market?

What growth strategies are the players considering to increase their presence in the Programmable Logic Controller Market?

What are the upcoming industry applications and trends for the Programmable Logic Controller Market?

Who are the leading companies and what are their portfolios in the Programmable Logic Controller Market?

Which region dominates the largest market share in the Programmable Logic Controller Market?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)

Past Pricing and price curve by region (2018 to 2021)

Market Size, Share, Size & Forecast by different segment | 2022−2029

Market Dynamics – Growth Drivers, Restraints, Opportunities, Organization Size, Application and Industry Vertical

Market Segmentation – A detailed analysis by Type, Technology and End-User

Competitive Landscape – Profiles of selected key players by region from a strategic perspective

Competitive landscape – Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER's analysis

Value chain and supply chain analysis

Legal Aspects of Business by region

Lucrative business opportunities with SWOT analysis

Recommendations

Maximize Market Research is leading research firm, has also published the following reports:

E-Beam Controller Market - The market size is expected to reach USD 615.69 Mn by 2029 at a CAGR of 7.4 percent during the forecast period. The market is expected to be driven by the growing adoption of multi-beam technology in the semiconductor industry.

Smart Irrigation Controllers Market - The market size is expected to reach USD 2.95 Bn by 2029 at a CAGR of 13.1 percent during the forecast period. The market is expected to be driven by an increased labor cost because of decreased agricultural activities.

Water and Gas Valve Market - The market size is expected to reach USD 8.41 Bn by 2029 at a CAGR of 4.7 percent during the forecast period. The market is expected to be driven by the increasing demand for energy-efficient solutions.

Professional Service Robots Market - The market size is expected to reach USD 109.11 Bn by 2029 at a CAGR of 26.75 percent during the forecast period. The market is expected to be driven by advancements in technology and the increasing demand for automation and robotics solutions across industries.

Warehouse Automation System Market - The market size is expected to reach USD 9.16 Bn by 2029 at a CAGR of 16.5 percent during the forecast period. The market is expected to be driven by development of electronic commerce and the resulting increase in online consumers, especially in developing countries.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include Automation & Process Control, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.