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Programmable Logic Controller (PLC) Market Trends

Report ID: GMI7832
Published Date: Jan 2024
Report Format: PDF

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Programmable Logic Controller Market Trends

PLCs are being integrated into IIoT systems, fostering seamless communication between devices. This connectivity improves data exchange, enabling real-time monitoring and control. The synergy between PLCs and IIoT has developed automation in industrial processes, enhancing efficiency and responsiveness to dynamic operational requirements.

To protect against potential cyber threats and ensure the integrity & security of industrial control systems, PLC manufacturers prioritize robust cybersecurity solutions. Furthermore, the compact and modular designs fulfill the requirement for adaptable installations. Compact and modular PLCs enable seamless integration into a variety of industrial environments. This improves scalability, allowing the controllers to rapidly adapt to new automation needs while preserving efficiency and reliability in industrial processes.

Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The market size of programmable logic controller reached USD 10 billion in 2023 and is set to expand at a CAGR of over 10% from 2024 to 2032, owing to the increasing demand for sophisticated automation and data integration in industrial processes.

The manufacturing segment dominated the market in 2023 with a share of over 18% and will continue to grow backed by the integration of Industry 4.0 principles, such as smart factories and the Industrial Internet of Things (IIoT).

North America market held a revenue share of over 30% in 2023, due to the region's increased emphasis on industrial automation, Industry 4.0 adoption, and a healthy manufacturing sector.

Siemens AG, Rockwell Automation, Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Omron Corporation, General Electric Company (GE), and ABB Group among others.