Global Programmable Logic Controller (PLC) Sales Market Report 2023

Programmable Logic Controller (PLC) Market 

Due to the COVID-19 pandemic, the global Programmable Logic Controller (PLC) market size is estimated to be worth US$ 13560 million in 2022 and is forecast to a readjusted size of US$ 19510 million by 2029 with a CAGR of 5.3% during the forecast period 2023-2029.  

A programmable logic controller, PLC, is a digital computer used for automation of typically industrial electromechanical processes, such as control of machinery on factory assembly lines, amusement rides, or light fixtures. PLCs are used in many machines, in many industries. PLCs are designed for multiple arrangements of digital and analog inputs and outputs, extended temperature ranges, immunity to electrical noise, and resistance to vibration and impact. Programs to control machine operation are typically stored in battery-backed-up or non-volatile memory. A PLC is an example of a "hard" real-time system since output results must be produced in response to input conditions within a limited time, otherwise unintended operation will result.

Fully considering the economic change by this health crisis, Nano accounting for % of the Programmable Logic Controller (PLC) global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029.

While Steel Industry segment is altered to an % CAGR throughout this forecast period.

Programmable Logic Controller (PLC) Market Share

Global key players of programmable logic controller (PLC) include Siemens, Rockwell (A-B), Mitsubishi, etc. Top three players occupy for a share about 63%. Europe is the largest producer, holds a share around 35%, followed by North America and Japan, both holding a share about 24 percent. Asia-Pacific is the largest market, with a share about 37%, followed by Europe and North America, with share 34% and 23%, separately.

The global Programmable Logic Controller (PLC) market is segmented by company, region (country), product size and application. Players, stakeholders, and other participants in the global Programmable Logic Controller (PLC) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), product size and application for the period 2018-2029.