The global programmable logic controller (PLC) market consists of programmable logic controllers that are used as industrial digital computer which is used to monitor inputs and control the outputs of various industrial control mechanisms. PLCs are widely used in industrial applications in various sectors such as oil & gas, food & beverages, chemical, automotive among others. They are used for various purposes such as monitoring conveyor belts, controlling robotic arms, monitoring temperatures etc. Some key advantages of PLCs include durability, flexibility, ease of programming, precise process control and reduced downtime. With growing industrialization and adoption of automation across various industries, the need for programmable logic controllers is increasing significantly.

The Global Programmable Logic Controller Market is estimated to be valued at US$ 14.85 Bn in 2024 and is expected to exhibit a CAGR of 6.8% over the forecast period from 2024 to 2030.

Key Takeaways

Key players operating in the programmable logic controller market are HiMedia Laboratories, Thermo Fisher Scientific Inc., Sartorius AG, Merck KGaA, Corning Inc., Atlas Biologicals, Inc., TCS Biosciences Ltd., Bovogen Biologicals Pty Ltd., Novus Biologicals, LLC, Capricorn Scientific, PAN-Biotech GmbH, Atlanta Biologicals, Inc., Rockey Mountain Biologicals, GE Healthcare, Serana, and Zhejiang Tianhang Biotechnology.

The growing demand from various industries such as oil & gas, food & beverages, automotive, pharmaceutical etc. is driving the market growth. Factors such as growing industrial automation across various manufacturing sectors is fuelling the adoption of PLCs. In addition, need for reduced operational costs, efficient production processes, and reduced downtime is also propelling the programmable logic controller market.

Globally, the PLC market is expanding significantly with growing industrialization and infrastructure development activities in emerging economies such as China, India, Mexico, Brazil etc. The thriving manufacturing sector coupled with rising adoption of industrial automation in these countries is expected to offer lucrative growth opportunities for PLC vendors over the forecast period.

Market drivers

One of the key drivers of the Programmable Logic Controller Market Size is growing industrial automation across various industries globally. With increasing focus on enhancing productivity, reducing operational costs and ensuring workplace safety, industries are increasingly automating their production processes and operations. This is significantly driving the adoption of programmable logic controllers as they play a vital role in industrial automation applications. In addition, need for precise process control, flexibility and ease of configuration is also fueling the demand for PLCs in various automated industrial systems.

Current Geopolitical Situation's Impact on Programmable Logic Controller Market Growth

The ongoing geo-political tensions and conflicts are negatively impacting the global Programmable Logic Controller market growth. The war between Russia and Ukraine is disrupting the supply chains and trade activities across Europe. Both the nations are significant exporters of raw materials used in PLC manufacturing such as metals, semiconductors, and electronic components. The sanctions on Russia by Western nations have added to the supply disruptions.

This has increased input costs and shortage of components for PLC producers globally. They are facing challenges to procure materials on time for manufacturing. The demand has also taken a hit in the affected regions due to economic uncertainties and investments slowdown. Manufacturers need to closely monitor geopolitical situations and diversify their supplier networks outside conflict-hit regions to minimize disruptions. They can also explore local sourcing and strategic partnerships for key materials to build resilience in supply chains. Additionally, focus on automation and development of smart PLC systems can help boost future demand.

Geographical Regions with Highest PLC Market Value

The Programmable Logic Controller market in terms of value is highly concentrated in North America and Europe. Countries like the United States, Germany, Italy, France contribute significantly to the total regional market revenue. Advanced manufacturing industries, presence of large automakers and machinery producers drive the high adoption of PLC systems in process and discrete applications. The developed industrial infrastructure, strict automation standards and technological advancements support the growth.

Fastest Growing Regional Market for PLC

The Asia Pacific region is expected to be the fastest growing market for Programmable Logic Controllers over the forecast period. Rapid industrialization, growing electronics and automotive sectors in major economies such as China, India, South Korea and Japan are fueling the demand. Government initiatives to promote industrial automation and Make in India project are encouraging PLC installation across industries. Additionally, expansion of manufacturing facilities of global companies and rising investments in process automation will further supplement the regional market expansion.

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