Programmable Logic Controller (PLC) Market size to grow by USD 2.70 Bn; Driven by increasing demand for compact automation solutions - Technavio

NEW YORK, Nov. 22, 2022 /PRNewswire/ -- The programmable logic controller (PLC) market size is expected to grow by USD 2.70 billion, accelerating at a CAGR of 3.51% between 2021 and 2026. The report provides a detailed analysis of the market size, YOY growth rates, factors impacting market size, vendor landscape, product launches, and key revenue-generating segments and regions in the market. Understand how the purchase of the report can have a direct impact on your revenue. Download a Free PDF Report Sample

The market is driven by the increasing demand for compact automation solutions. Most large industrial manufacturing companies that have access to vast capital have automated their manufacturing processes completely. However, moving to automated processes is challenging for small and medium-sized enterprises (SMEs) due to budget constraints. Hence, most SMEs look for small form factors that can 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. Some vendors have developed PLCs that can stack multiple PLCs and handle a large number of 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. Therefore, the increasing demand for compact automation solutions is expected to drive the growth of the global PLC market during the forecast period.

The global PLC market is dominated by well-established international vendors such as Mitsubishi Electric, OMRON, Rockwell Automation, Schneider Electric, and Siemens. These players have a dominating share despite numerous competitors present in the PLC market. Rockwell Automation is specialized in the discrete industry, while Emerson Electric is specialized in the process industry. Vendors are focusing on new product development and customizing PLCs to cater to end-user requirements.  Some of the vendors are also looking for new growth opportunities by offering PLCs for new applications. For instance, ABB offers AC500 PLC for high-precision control of photovoltaic (PV), concentrated photovoltaic (CPV), and concentrating solar power (CSP). With changing end-user requirements, vendors are also addressing cyber-security issues by offering cyber-security solutions. Technavio identifies the following as major vendors in the market.

• ABB Ltd.
• Beckhoff Automation GmbH and Co. KG
• Beijer Electronics Group AB
• Eaton Corp. PLC
• Emerson Electric Co.
• Festo SE and Co. KG
• Fuji Electric Co. Ltd.
• IDEC Corp.
• Keyence Corp.
• Lenze SE
• Mitsubishi Electric Corp.
• OMRON Corp.
• Panasonic Corp.
• Parker Hannifin Corp.
• Robert Bosch GmbH
• Rockwell Automation Inc.
• Schneider Electric SE
• Siemens AG
• Toshiba Corp.
• Infineon Technologies AG
• Get access to detailed vendor profiles. Buy Now!

Start for a free trial today and gain instant access to 17,000+ market research reports.
Technavio's SUBSCRIPTION platform

• Unitary - size and forecast 2021-2026
• Modular - size and forecast 2021-2026
• Rackmount - size and forecast 2021-2026

By product, the market growth in the unitary segment will be significant during the forecast period. Unitary PLCs are the simplest types of PLCs, which are used for simple processes. In a unitary PLC, there are a set of input/output (I/O) points with all components, such as power systems and CPU, integrated together in a single housing or box. Unitary PLCs can be directly attached to the device or application being used. They are the most commonly used PLCs owing to their simple design and low cost, which made this segment the largest contributor to the global PLC market.

• Process industry - size and forecast 2021-2026
• Discrete industry - size and forecast 2021-2026
• Building automation - size and forecast 2021-2026

Process industries are the prime end-users in the market. Advances in PLCs and integration of communication capabilities and 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 vendors operating in the segment.

Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

• The damper actuators market share is expected to increase by USD 628.67 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.5%. The proven and successful track record of early adopters and enhanced solution offerings for damper actuators is a key factor driving the global damper actuators market growth.
• The thermostatic radiator valve market share is expected to increase by USD 663.52 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.21%. The increasing adoption of condensing boilers in heating systems is notably driving the thermostatic radiator valve (TRV) market's growth, although factors such as intense pricing pressure due to the availability of local, low-priced TRVs may impede the market growth.

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 Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Product

• 5.1 Market segments 
• Exhibit 25: Chart on Product - Market share 2021-2026 (%)
• Exhibit 26: Data Table on Product - Market share 2021-2026 (%)

• 5.2 Comparison by Product 
• Exhibit 27: Chart on Comparison by Product
• Exhibit 28: Data Table on Comparison by Product

• 5.3 Unitary - Market size and forecast 2021-2026
• Exhibit 29: Chart on Unitary - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Unitary - Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Unitary - Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Unitary - Year-over-year growth 2021-2026 (%)

• 5.4 Modular - Market size and forecast 2021-2026
• Exhibit 33: Chart on Modular - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Modular - Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Modular - Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Modular - Year-over-year growth 2021-2026 (%)

• 5.5 Rackmount - Market size and forecast 2021-2026
• Exhibit 37: Chart on Rackmount - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Data Table on Rackmount - Market size and forecast 2021-2026 ($ million)
• Exhibit 39: Chart on Rackmount - Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on Rackmount - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Product 
• Exhibit 41: Market opportunity by Product ($ million)

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 42: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 43: Data Table on End-user - Market share 2021-2026 (%)

• 6.2 Comparison by End-user 
• Exhibit 44: Chart on Comparison by End-user
• Exhibit 45: Data Table on Comparison by End-user

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

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

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

• 6.6 Market opportunity by End-user 
• Exhibit 58: Market opportunity by End-user ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 60: Chart on Market share by geography 2021-2026 (%)
• Exhibit 61: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 62: Chart on Geographic comparison
• Exhibit 63: Data Table on Geographic comparison

• 8.3 APAC - Market size and forecast 2021-2026
• Exhibit 64: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 65: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 66: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 67: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 8.4 North America - Market size and forecast 2021-2026
• Exhibit 68: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 8.5 Europe - Market size and forecast 2021-2026
• Exhibit 72: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 8.6 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 76: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 8.7 South America - Market size and forecast 2021-2026
• Exhibit 80: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 8.8 US - Market size and forecast 2021-2026 
• Exhibit 84: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on US - Year-over-year growth 2021-2026 (%)

• 8.9 China - Market size and forecast 2021-2026
• Exhibit 88: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on China - Year-over-year growth 2021-2026 (%)

• 8.10 Japan - Market size and forecast 2021-2026
• Exhibit 92: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 8.11 Germany - Market size and forecast 2021-2026
• Exhibit 96: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 97: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 98: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 8.12 UK - Market size and forecast 2021-2026
• Exhibit 100: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 101: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 102: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 103: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 104: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 107: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 108: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 109: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 11.3 ABB Ltd. 
• Exhibit 111: ABB Ltd. - Overview
• Exhibit 112: ABB Ltd. - Business segments
• Exhibit 113: ABB Ltd. - Key news
• Exhibit 114: ABB Ltd. - Key offerings
• Exhibit 115: ABB Ltd. - Segment focus

• 11.4 Emerson Electric Co. 
• Exhibit 116: Emerson Electric Co. - Overview
• Exhibit 117: Emerson Electric Co. - Business segments
• Exhibit 118: Emerson Electric Co. - Key news
• Exhibit 119: Emerson Electric Co. - Key offerings
• Exhibit 120: Emerson Electric Co. - Segment focus

• 11.5 Mitsubishi Electric Corp. 
• Exhibit 121: Mitsubishi Electric Corp. - Overview
• Exhibit 122: Mitsubishi Electric Corp. - Business segments
• Exhibit 123: Mitsubishi Electric Corp. - Key news
• Exhibit 124: Mitsubishi Electric Corp. - Key offerings
• Exhibit 125: Mitsubishi Electric Corp. - Segment focus

• 11.6 OMRON Corp. 
• Exhibit 126: OMRON Corp. - Overview
• Exhibit 127: OMRON Corp. - Business segments
• Exhibit 128: OMRON Corp. - Key news
• Exhibit 129: OMRON Corp. - Key offerings
• Exhibit 130: OMRON Corp. - Segment focus

• 11.7 Panasonic Corp. 
• Exhibit 131: Panasonic Corp. - Overview
• Exhibit 132: Panasonic Corp. - Business segments
• Exhibit 133: Panasonic Corp. - Key offerings
• Exhibit 134: Panasonic Corp. - Segment focus

• 11.8 Parker Hannifin Corp. 
• Exhibit 135: Parker Hannifin Corp. - Overview
• Exhibit 136: Parker Hannifin Corp. - Business segments
• Exhibit 137: Parker Hannifin Corp. - Key news
• Exhibit 138: Parker Hannifin Corp. - Key offerings
• Exhibit 139: Parker Hannifin Corp. - Segment focus

• 11.9 Rockwell Automation Inc. 
• Exhibit 140: Rockwell Automation Inc. - Overview
• Exhibit 141: Rockwell Automation Inc. - Business segments
• Exhibit 142: Rockwell Automation Inc. - Key news
• Exhibit 143: Rockwell Automation Inc. - Key offerings
• Exhibit 144: Rockwell Automation Inc. - Segment focus

• 11.10 Schneider Electric SE 
• Exhibit 145: Schneider Electric SE - Overview
• Exhibit 146: Schneider Electric SE - Business segments
• Exhibit 147: Schneider Electric SE - Key news
• Exhibit 148: Schneider Electric SE - Key offerings
• Exhibit 149: Schneider Electric SE - Segment focus

• 11.11 Siemens AG 
• Exhibit 150: Siemens AG - Overview
• Exhibit 151: Siemens AG - Business segments
• Exhibit 152: Siemens AG - Key news
• Exhibit 153: Siemens AG - Key offerings
• Exhibit 154: Siemens AG - Segment focus

• 11.12 Toshiba Corp. 
• Exhibit 155: Toshiba Corp. - Overview
• Exhibit 156: Toshiba Corp. - Business segments
• Exhibit 157: Toshiba Corp. - Key news
• Exhibit 158: Toshiba Corp. - Key offerings
• Exhibit 159: Toshiba Corp. - Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 160: Inclusions checklist
• Exhibit 161: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 162: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 163: Research methodology
• Exhibit 164: Validation techniques employed for market sizing
• Exhibit 165: Information sources

• 12.5 List of abbreviations 
• Exhibit 166: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus 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.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/programmable-logic-controller-plc-market-size-to-grow-by-usd-2-70-bn-driven-by-increasing-demand-for-compact-automation-solutions---technavio-301683941.html

SOURCE Technavio

[ Back To TMCnet.com's Homepage ]