Programmable Logic Controller Market to Witness Significant Product Launches

Global programmable logic controller (PLC) market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period (2024-2031). The growing demand for PLC from several end-user industry especially automotive industry is a key factor driving the growth of the global PLC market. The increasing adoption of Industry 4.0 technologies, especially in cloud computing, artificial intelligence (AI), and the Internet of Things (IoT) is expected to improve PLC systems' capabilities and enable them to provide more sophisticated features including real-time data processing, remote monitoring, and predictive maintenance. Recent PLC launches: 

Browse the full report description of “Programmable Logic Controller (PLC) Market Size, Share & Trends Analysis Report by Component (Hardware(Central processing unit (CPU), Memory modules, Input modules, Output modules, Communication modules, Power supply unit and Human Machine Interface (HMI) and others), Software and service), and by End-user (Food & Beverage, Automotive, Energy & Utilities, Pulp & Paper, Oil & Gas, Aerospace & Defence, Water & Wastewater Treatment, Pharmaceutical & Healthcare and Other (Chemical, Mining &Metal, Manufacturing and Transportation)) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/programmable-logic-controller-market

• In April 2023, Siemens launched a complete virtual programmable logic controller (PLC) at Hannover Messe 2023. The Simatic S7-1500V meets special market requirements such as virtual hosting of PLC computing. The new Simatic S7-1500V is part of Industrial Operations X and the range will include both hardware controllers and the virtual PLC.

• In May 2022, Emerson announced the launch of its PAC Systems RSTi-EP CPE 200 programmable automation controllers (PAC). This new family of compact PACs helps original equipment manufacturers (OEM) to successfully meet the customer requirements. CPE 200 controllers deliver a large programmable logic controller (PLC) capability in a small, cost-effective, IIoT-ready form factor so machine manufacturers do not need to sacrifice performance for price.

Market Coverage

• The market number available for – 2023-203

• Base year- 2023

• Forecast period- 2024-2031

• Segment Covered- 

o By Type

o By End-user

• Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

• Competitive Landscape- includesABB Ltd., Mitsubishi Electric Corp., Rockwell Automation Inc., Schneider Electric SE, Siemens AG and Honeywell International Inc. among others.

Key questions addressed by the report.

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Programmable Logic Controller (PLC) Market Report Segment

By Type

• Hardware

o Central processing unit (CPU)

o Memory modules

o Input modules

o Output modules

o Communication modules

o Power supply unit

o Human Machine Interface (HMI) 

o others

• Software

• Services

By End-user

• Food and Beverage
• Automotive
• Energy and Utilities
• Pulp and Paper
• Oil and Gas
• Aerospace & Defence
• Water and Wastewater Treatment
• Pharmaceutical and Healthcare
• Other(Chemical, Mining & metal, Manufacturing and Transportation)

Global Programmable Logic Controller (PLC) Market Report Segment by Region

North America

• United States

• Canada

Europe

• UK

• Germany

• Italy

• Spain

• France

• Rest of Europe 

Asia-Pacific

• China

• India

• Japan

• South Korea

• Rest of Asia-Pacific 

Rest of the World

• Latin America 

• Middle East & Africa

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