Global Programmable Logic Controller (PLC) Market (hereafter referred to as the market studied) was valued at USD 12.04 Billion in 2021, and it is projected to reach USD 15.79 Billion by 2027, registering a CAGR of 4.
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56% during the period 2022-2027 (hereafter referred to as the forecast period).
The deployment of PLC systems allows for the identification and rectification of errors and can initiate rapid responses even without human intervention. As a result, these automated PLC systems are estimated to help reduce machine downtime from 20% to nearly 4%.
The studied market is strongly impacted by industrial production and investments channeled towards computers and software. These PLC systems have traditionally been the foundation of process automation and the discrete factory. The growing adoption of Industry 4.0 in industry verticals has increased the market studied.
A major growth indicator for programmable logic controllers in the discrete manufacturing sectors is the amplified deployment of robots in the automotive, electrical, and electronics manufacturing industries.
Additionally, the growing demand for improved control, secure connectivity, and enhanced performance has driven PLC manufacturers to leverage IIoT technologies, such as machine-to-machine communication, smart sensors, industrial cloud, and cybersecurity. . Additionally, to accommodate advanced functionality, cost effectiveness, and interoperability, API manufacturers have started innovating and integrating conventional API systems with modern and contemporary technologies. Additionally, growing demand from North America, competing with the Chinese and European markets, is creating a considerable market for powerline adapters in the region.
With an increasing number of I/O points in industry, there is a growing preference for DCS over PLCs due to the limited number of I/O points in a PLC system.
For example, in process industries, such as chemicals, pulp and paper, and power generation, a PLC can only operate with a few hundred I/O points. The DCS can easily handle over a thousand I/O points.
The demand for automation equipment in industry is mainly driven by the growing need to improve worker productivity and safety. The COVID-19 outbreak has spurred demand for automation and is expected to increase in the long term, primarily to address labor shortages and rising costs.
Main market trends
Hardware and software segments hold the largest market share
Various industrial and civil applications include power, chemical, metallurgy, power, transportation, hydropower, coal, textile, food, pharmaceuticals, smart buildings and network monitoring, among others. Industries that are at the forefront of implementing automation control solutions have already moved from using relay control panels to large, high-end PLCs capable of handling complex tasks. With the growing demand for larger data memory, higher processing speeds, fewer additional modules, and more integrated features, such as motion control and PID loops, the adoption of large, high-end modular controllers is on the rise.
Given production trends in discrete industries, such as automotive and electronics, and their investments in new establishments, large PLCs are expected to grow moderately over the forecast period.
Like large automata, small automata are well suited to handle complex sequencing functions. However, the trade-off between these two devices is cost and size. The I/O module expandability for these devices is limited to one or two modules, and it uses a logic instruction list or ladder diagram as its programming language.
In response to market demands, many features and functions are now provided by low-end PLCs. Additionally, it is expected that small PLCs will continue to evolve to include many features associated with higher-level PLCs, while at the same time, mid-level and high-end PLCs will begin to offer PLCs. smaller, more compact and personalized. solutions tailored to user needs.
Additionally, the need for high-voltage control devices has led nano-PLCs to become a popular choice among discrete industries and small industries. For example, fixed nano-PLCs are used in electronic applications, such as converters, inverters, and other basic controllers, due to the ease of high-voltage control. Additionally, the ability to perform a single set of tasks with superior reliability and performance except under real-time stress, coupled with their ability to withstand extreme temperatures, humidity, vibration, and electrical noise , proliferate the growth of programmable logic controllers in several industrial applications.
Asia-Pacific will hold the largest market share
The Asia-Pacific region holds the largest market share and is also expected to register the highest growth.
The manufacturing sector is an important part of China’s economy, which is undergoing rapid transformation with the recent growth of IIoT due to the rise of Industry 4.0 in manufacturing industries globally. This large-scale transformation has placed the country in one of the leading positions in the global PLC market.
Recently, China released several industrial policies as part of its advanced manufacturing campaign. The guidelines support the country’s goal of becoming a high-tech superpower over the next quarter century. For example, the Chinese government has pushed for the industrial use of next-generation wireless technology amid a steady stream of directives focused on transforming the country’s manufacturing industry.
Factory automation and the employment of PLC-based systems in India have been boosted by initiatives taken by the Indian government (such as Make in India) to increase the share of manufacturing in GDP. The Indian government aims to increase the share of manufacturing in the Gross Domestic Product (GDP) to 25% by 2022. Thus, manufacturers are likely to incorporate Industry 4.0 and other digital technologies to achieve this goal .
According to India’s Central Electricity Authority, around 50% of the country’s power supply will be generated by renewable energy sources by 2030. The government of the South Asian country has committed to increasing the use of clean energy sources and has already seen linear growth in renewables. energy capacity. At present, India’s highest energy capacity was from thermal power, amounting to an installed capacity of over 234,000 megawatts in March 2021.
Japan also aims to achieve “Society 5.0” by making full use of the action of technological innovation, including IoT, AI and big data, derived from the fourth industrial revolution. To achieve this, the government had announced “Connected Industries” as a new framework in which industries are likely to create new solutions to various societal problems through the connectivity of various parts of modern life, including humans, machines, systems and businesses.
The PLC market is very competitive and consists of several major players. In terms of market share, few major players currently dominate the market. These major players who hold a large share of the market are focusing on expanding their customer base across foreign countries. These companies rely on strategic collaborative initiatives to increase their market share and increase their profitability.
February 2021 – FANUC America and Rockwell Automation have officially formed a coalition to launch accelerated work and learning programs designed to develop current and future workers for jobs in advanced manufacturing, robotics and automation. The coalition has developed new learning programs offering opportunities for people to earn degrees that include fundamental robotics (robot operator) and automation (PLC operator). The program offers a second level of accreditation for robot and automaton technicians.
January 2021 – Siemens has entered into an agreement with Britishvolt, to provide access to its electrification solutions, automation and Digital Twin manufacturing execution technology. The initiative would allow Britishvolt to optimize design and efficiency, simulate its processes and production flows before construction is completed and speed up delivery times. Siemens can also provide Britishvolt with its simulation development tools and latest design to reduce the time required for full-scale production.
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