Programmable Logic Controller (PLC) Market in APAC to grow by USD 880.06 million from 2021 to 2026, Driven by the rising demand for compact automation solutions - Technavio

NEW YORK, March 29, 2023 /PRNewswire/ -- The programmable logic controller (PLC) market size in APAC is estimated to increase by USD 880.06 million from 2021 to 2026. The market's growth momentum will progress at a CAGR of 3.86% during the forecast period. The rising demand for compact automation solutions is a key factor driving the programmable logic controller (PLC) market growth in APAC. Also, the growing focus on expanding the capabilities of micro PLCs is a key trend in the market.

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Programmable logic controller (PLC) market in APAC– Vendor Analysis
Vendor Landscape - The programmable logic controller (PLC) market in APAC is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer programmable logic controller (PLC) in the market are 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, and Infineon Technologies AG and others.

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• Special coverage on regional inflation; recovery analysis from COVID-19; supply chain disruptions, trade tensions; and risk of recession
• Regional competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Vendor Offerings -

• ABB Ltd. - The company offers programmable logic controllers such as  AC500, AC500 eCo, AC500 S, and AC500 XC scalable PLC ranges. 
• Beckhoff Automation GmbH and Co. KG - The company offers programmable logic controllers such as Fieldbus Box with PLC functionality. 
• Honeywell International Inc. - The company offers programmable logic controllers such as MasterLogic Programmable Logic Controller. 
• For details on the vendor and its offerings – Request a sample report

APAC Programmable Logic Controller (PLC) Market in APAC - Segmentation Assessment

Segment Overview
Technavio has segmented the market based on end-user (process industry, discrete industry, and building automation) and geography (APAC).

• The market share growth in the process industry segment will be significant for the market growth during the forecast period. The process industry in the PLC market in the APAC region is expected to witness significant growth when compared with the other segments, which include discrete industry and building automation, during the forecast period. 

Geography Overview
The report provides actionable insights and estimates the contribution of key countries to the growth of the programmable logic controller (PLC) market in APAC.

• The demand for PLCs will increase in APAC due to the reshoring of manufacturing activities in China, with the industries in the country focusing on improving product quality, safety, and productivity. Hence, they adopt PLC. Additionally, most manufacturers are focusing on using IoT-enabled controllers to improve energy efficiency, reduce the consumption of power, and streamline their automation processes. Industrialization and economic growth in China resulted in the adoption of the benchmarked quality of manufacturing in APAC.

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Programmable Logic Controller (PLC) Market In APAC– Market Dynamics

Leading Drivers - 

The rising demand for compact automation solutions is one of the major factors driving the programmable logic controller (PLC) market growth in APAC. With the advent of the Industrial Internet of Things (IIoT), challenges related to designing at the control level have grown significantly. IIoT provides various benefits, such as real-time communication and reliability, and increases the efficiency of industrial automation control systems. In manufacturing facilities and factories, the use of IIoT enables smart maintenance, distributed intelligence systems, and predictive analytics. However, the growing adoption of IoT-enabled devices is also leading to design challenges for manufacturers and system integrators. These challenges are prominently related to price escalation to enable a seamless transition from traditional automation to Industry 4.0 in the manufacturing industry. Hence, the increasing demand for compact automation solutions is expected to drive the growth of the programmable logic controller (PLC) market in APAC, during the forecast period.

Key Trends - 

The growing focus on expanding the capabilities of micro PLCs fuels the growth of the programmable logic controller market in APAC. Micro PLCs rapidly becoming an indispensable solution for controlling standalone machinery in process and discrete industries. The programming flexibility, ease of use, communication capabilities within a compact structure, and low price, when compared with traditional PLCs, are some of the benefits which are increasing the adoption of micro PLCs in APAC. Recent advances in product design and features increased their capabilities and applications in industrial end-user segments. The initial versions of micro PLCs were specifically designed as a cost-efficient solution to control small machinery with basic serial communication but with increasing technological advances, vendors developed micro PLCs with high-speed communication capabilities to control larger machines. They incorporate functionalities such as larger programmable memory and capabilities to support multiple communication. 

Major challenges -

The growing market for industrial PCs and DCS as substitutes is the major challenge to the programmable logic controller (PLC) market growth in APAC. Due to the growing demand for automation, there has been a shift from rackmount PLCs to more generic PC-based platforms. A PC-based control system allows the integration of PLC control, motion control, and SCADA on a single high-performance controller platform, which led to a greater demand for industrial PC-based control systems. The advances in the development of open embedded operating systems gave rise to new-generation industrial PCs, which combine the functionality of a PLC and an operator panel into one unit. Similarly, DCS is another control system offering distinct advantages over distributed systems that are not available in either PLCs or industrial PCs. DCS vendors focus on improving the application areas of DCS. They are launching new DCS for the life sciences, oil and gas, petrochemical, and discrete manufacturing sectors that must depend on complex, non-integrated PLCs with limited capabilities. 

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this Programmable Logic Controller (PLC) Market in APAC report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the programmable logic controller (PLC) market in APAC between 2022 and 2026
• Precise estimation of the size of the programmable logic controller (PLC) market in APAC and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the programmable logic controller (PLC) market across APAC
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of programmable logic controller (PLC) market vendors

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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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