Programmable Logic Controller (PLC) Market in APAC to record USD 880.06 Mn growth; Driven by increasing demand for compact automation solutions - Technavio

NEW YORK, Nov. 16, 2022 /PRNewswire/ -- The "Programmable Logic Controller (PLC) Market by End-user (Process industry, Discrete industry, and Building automation) and Geography (APAC) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the programmable logic controller (PLC) market between 2022 and 2026 is USD 880.06 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Download a Free PDF Report Sample.

Key Market Dynamics:

The market is driven by the increasing demand for compact automation solutions. SMEs look for small form factors that provide the same functionalities and features of large devices while consuming lesser power. The availability of PLCs enables SMEs to utilize control-level automation at a low cost without compromising productivity. To capitalize on this demand, some vendors have developed PLCs that can stack multiple PLCs and handle numerous I/O points with a maximum number of analog I/O. Vendors are also swiftly changing the features of their products based on end-user requirements. All these factors enable a seamless transition from traditional automation to Industry 4.0 in the manufacturing industry. Thus, the increasing demand for compact automation solutions is expected to drive the growth of the PLC market in APAC during the forecast period. Learn about additional key drivers, trends, and challenges available with Technavio. Download a Free PDF Report Sample

Segmentation Analysis

By end-user, the market is analyzed across segments such as process industry, discrete industry, and building automation. Process industries are the key end-users in the market. The segment is driven by the increasing use of PLC in industries such as oil and gas, chemical and petrochemical, power, water and wastewater treatment, and food and beverage. In addition, the demand for power has been growing rapidly with strong growth in renewable power generation, such as hydro and wind power generation. Owing to carbon emissions, coal-fired power plants are kept under strict supervision in most countries. Advances in PLCs and integration of communication capabilities and human-machine interface (HMI) ensure a higher efficiency during operations and help in meeting stringent regulatory norms. The increasing investments in renewable power generation are expected to provide high growth opportunities for the PLC market in APAC during the forecast period.

Regional Analysis

China, Japan, South Korea, and India are the major markets for PLC in APAC. Manufacturing industries such as automotive, electronics and semiconductors, and food and beverage will be the major revenue contributors to the PLC market in China during the forecast period. Vendors in China are developing new products to cater to the wide range of needs of the customer. Similarly, in Japan, the rising need for precise designing, complex structure prototyping, and digitalization in the automotive industry is driving the regional market. Gain additional insights into the contribution of all the segments, and regional opportunities in the report. Download a Free PDF Report Sample

Key Companies Covered

• ABB Ltd.
• Beckhoff Automation GmbH and Co. KG
• Beijer Electronics Group AB
• Eaton Corp. PLC
• Emerson Electric Co.
• Fuji Electric Co. Ltd.
• Hitachi Ltd.
• Honeywell International Inc.
• IDEC Corp.
• LS ELECTRIC Co. Ltd.
• Mitsubishi Electric Corp.
• OMRON Corp.
• Panasonic Holdings Corp.
• Parker Hannifin Corp.
• Robert Bosch GmbH
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG
• TOSHIBA CORP
• Infineon Technologies AG
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Related Reports:

• The micro programmable logic controller (PLC) market share is expected to reach an estimated growth of USD 2.46 billion by 2026 at an accelerating CAGR of 7.31%. The increasing demand for compact automation solutions is notably driving the micro programmable logic controller (PLC) market growth, although factors such as growing cybersecurity concerns may impede the market growth.
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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Country Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Regional - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on APAC: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Regional - Market size and forecast 2021-2026 ($ million)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments 
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Process industry - Market size and forecast 2021-2026
• Exhibit 28: Chart on Process industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Process industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Process industry - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Process industry - Year-over-year growth 2021-2026 (%)

• 5.4 Discrete industry - Market size and forecast 2021-2026
• Exhibit 32: Chart on Discrete industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Discrete industry - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Discrete industry - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Discrete industry - Year-over-year growth 2021-2026 (%)

• 5.5 Building automation - Market size and forecast 2021-2026
• Exhibit 36: Chart on Building automation - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Building automation - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Building automation - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Building automation - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by End-user 
• Exhibit 40: Market opportunity by End-user ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography - 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography - 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 China - Market size and forecast 2021-2026
• Exhibit 46: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.4 Japan - Market size and forecast 2021-2026
• Exhibit 50: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.5 South Korea - Market size and forecast 2021-2026
• Exhibit 54: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.6 India - Market size and forecast 2021-2026
• Exhibit 58: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.7 Rest of APAC - Market size and forecast 2021-2026
• Exhibit 62: Chart on Rest of APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Rest of APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Rest of APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Rest of APAC - Year-over-year growth 2021-2026 (%)

• 7.8 Market opportunity by geography 
• Exhibit 66: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 67: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 68: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 69: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 70: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 71: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 72: Matrix on vendor position and classification

• 10.3 ABB Ltd. 
• Exhibit 73: ABB Ltd. - Overview
• Exhibit 74: ABB Ltd. - Business segments
• Exhibit 75: ABB Ltd. - Key news
• Exhibit 76: ABB Ltd. - Key offerings
• Exhibit 77: ABB Ltd. - Segment focus

• 10.4 Beckhoff Automation GmbH and Co. KG 
• Exhibit 78: Beckhoff Automation GmbH and Co. KG - Overview
• Exhibit 79: Beckhoff Automation GmbH and Co. KG - Product / Service
• Exhibit 80: Beckhoff Automation GmbH and Co. KG - Key offerings

• 10.5 Honeywell International Inc. 
• Exhibit 81: Honeywell International Inc. - Overview
• Exhibit 82: Honeywell International Inc. - Business segments
• Exhibit 83: Honeywell International Inc. - Key news
• Exhibit 84: Honeywell International Inc. - Key offerings
• Exhibit 85: Honeywell International Inc. - Segment focus

• 10.6 LS ELECTRIC Co. Ltd. 
• Exhibit 86: LS ELECTRIC Co. Ltd. - Overview
• Exhibit 87: LS ELECTRIC Co. Ltd. - Product / Service
• Exhibit 88: LS ELECTRIC Co. Ltd. - Key offerings

• 10.7 Mitsubishi Electric Corp. 
• Exhibit 89: Mitsubishi Electric Corp. - Overview
• Exhibit 90: Mitsubishi Electric Corp. - Business segments
• Exhibit 91: Mitsubishi Electric Corp. - Key news
• Exhibit 92: Mitsubishi Electric Corp. - Key offerings
• Exhibit 93: Mitsubishi Electric Corp. - Segment focus

• 10.8 OMRON Corp. 
• Exhibit 94: OMRON Corp. - Overview
• Exhibit 95: OMRON Corp. - Business segments
• Exhibit 96: OMRON Corp. - Key news
• Exhibit 97: OMRON Corp. - Key offerings
• Exhibit 98: OMRON Corp. - Segment focus

• 10.9 Panasonic Holdings Corp. 
• Exhibit 99: Panasonic Holdings Corp. - Overview
• Exhibit 100: Panasonic Holdings Corp. - Business segments
• Exhibit 101: Panasonic Holdings Corp. - Key news
• Exhibit 102: Panasonic Holdings Corp. - Key offerings
• Exhibit 103: Panasonic Holdings Corp. - Segment focus

• 10.10 Rockwell Automation Inc. 
• Exhibit 104: Rockwell Automation Inc. - Overview
• Exhibit 105: Rockwell Automation Inc. - Business segments
• Exhibit 106: Rockwell Automation Inc. - Key news
• Exhibit 107: Rockwell Automation Inc. - Key offerings
• Exhibit 108: Rockwell Automation Inc. - Segment focus

• 10.11 Schneider Electric SE 
• Exhibit 109: Schneider Electric SE - Overview
• Exhibit 110: Schneider Electric SE - Business segments
• Exhibit 111: Schneider Electric SE - Key news
• Exhibit 112: Schneider Electric SE - Key offerings
• Exhibit 113: Schneider Electric SE - Segment focus

• 10.12 Siemens AG 
• Exhibit 114: Siemens AG - Overview
• Exhibit 115: Siemens AG - Business segments
• Exhibit 116: Siemens AG - Key news
• Exhibit 117: Siemens AG - Key offerings
• Exhibit 118: Siemens AG - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 119: Inclusions checklist
• Exhibit 120: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 121: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 122: Research methodology
• Exhibit 123: Validation techniques employed for market sizing
• Exhibit 124: Information sources

• 11.5 List of abbreviations 
• Exhibit 125: List of abbreviations

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