Programmable Logic Controller Market is expected to reach US$ 22.19 billion by 2030

Programmable Logic Controller Market Analysis: Key Insights

According to our latest study, “Programmable Logic Controller Market Forecast to 2030 – Global and Regional Share, Trends, and Growth Opportunity Analysis – by Type, Offering, End-Use Industry, and Geography,” the Programmable Logic Controller market is expected to grow from US$ 11.52 billion in 2022 to US$ 22.19 billion by 2030; it is estimated to grow at a CAGR of 8.5% from 2022 to 2030. The consolidating role of PLCs in Industry 4.0 and the increasing demand for automation and control are the factors driving the growth of the market. However, limited internet penetration in some parts of the world restrains the growth of the Programmable Logic Controller market to some extent.

A Programmable Logic Controller (PLC) is a critical component of industrial automation, as it serves as the brain of an automated system. solutions in Programmable Logic Controller market are incorporated in specialized digital computers designed for industrial settings to manage and automate electromechanical processes by monitoring inputs, processing data, and making real-time decisions to regulate outputs. Thus, developments in Industry 4.0 standards and advancements in automation are the key factors driving the Programmable Logic Controller market. PLCs have become indispensable in enabling smart manufacturing processes with an increasing emphasis on efficiency, productivity, and cost-efficiencies. The ongoing infrastructure development and industrialization initiatives in developing countries propel the demand for PLCs. These controllers are indispensable in the automobile industry, wherein precision and efficiency are critical. They serve as the foundation of automotive manufacturing, ensuring that every component and procedure works in unison. PLCs operate assembly line robots, monitor quality control procedures, and handle conveyor systems with exceptional precision, resulting in a more efficient car manufacturing process. They are used to control the movement of robotic arms that weld, paint, and assemble various automobile parts to ensure precise and synchronized movements. Quality control is another crucial area where PLCs excel. They continuously monitor and evaluate components, identifying deviations from the desired standards. If any problems are discovered, products in Programmable Logic Controller market can initiate quick corrective operations to prevent faults from entering the manufacturing line. PLCs can also handle the flow of materials and components on conveyor systems throughout the production process. They optimize the transportation of these products, ensuring that the correct parts arrive at the right place and at the right time, ensuring optimal efficiency and production volumes in automobile manufacturing plants.

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One of the key benefits of employing PLCs in production is their ability to execute complex sequences of activities precisely. PLCs are capable of handling complex jobs in food processing, electronics assembly, and heavy machinery manufacturing facilities. They ensure that each step of the manufacturing process is completed correctly, which contributes to the overall quality of the finished product. Downtime is a major concern in manufacturing since it can result in large financial losses. By continuously monitoring equipment and machinery, PLCs help to limit this risk. Upon detecting a problem or a malfunction, they initiate an alarm or shut down the system, preventing further damage and decreasing downtime. The monitoring ability of PLCs helps in inventory control and better material consumption. They monitor the availability of raw materials and components to ensure that production processes are not disrupted by shortages. This feature enables manufacturers to operate more efficiently and better respond to demand fluctuations.

Increasing Demand for Modular PLCs Provides Growth Opportunities for Programmable Logic Controller Market

As industrial automation evolves, the requirement for adaptive solutions becomes more crucial. Industrial automation is essential in a wide range of industries, from manufacturing to transportation. Companies are continuously under pressure to swiftly and easily adapt to changing market conditions, address customer demands, and contribute to technological developments to remain competitive. Modular Programmable Logic Controllers (PLCs) allow companies to adapt to a wide range of industrial needs. Modularity is the ability of PLCs to be customized and programmed to satisfy specific requirements varying from industry to industry. The modular design enables the smooth integration of various components to produce a complete system that matches multiple specific needs of an industry. In the automotive industry, for example, modular PLCs can be used to regulate the assembly line, where various components are assembled at different stages. Similarly, they can be used to control the manufacturing line in the food & beverages industry, wherein different modules can be added or removed as needed.

Programmable Logic Controller Market: Segmental Overview

Based on offering, the Programmable Logic Controller market is segmented into hardware-based PLC and software-based PLC. A soft PLC is software that can function as a CPU in a control system while existing on hardware alongside other pieces of software. A hard PLC is a piece of hardware that only serves as a controller, with its CPU operations performed on a separate machine. The location of a CPU is an essential aspect that needs to be considered, as PLCs are so diverse that describing either type by its inputs (sensors) or outputs (actuators) is cumbersome. Therefore, if a PLC has a CPU, it is a hard PLC. A soft PLC exists on a different computer. CPU functionality may exist in the cloud in the future factory, allowing numerous manufacturing centers to operate concurrently. This places the PLC's role squarely in the realms of IT, AI, and cloud computing. PLCs are advancing, whether firms continue to prefer hard PLCs for familiarity and reliability or show acceptance of soft PLCs.

Programmable Logic Controller Market Analysis: Competitive Landscape and Key Developments

Siemens; Rockwell Automation; Mitsubishi Electric Corporation; OMRON Corporation; Schneider Electric; ABB; Eaton; Honeywell International Inc.; Emerson Electric Co.; and Hitachi, Ltd. are a few of the key companies operating in the Programmable Logic Controller market. Market leaders focus on new product launch, expansion and diversification, and acquisition strategies, which allow them to access prevailing business opportunities.

• In June 2017, Honeywell Process Solutions (HPS) announced the latest ControlEdgeTM  Programmable Logic Controller release. Upon integration with Honeywell's Experion distributed control system (DCS), this update enables a considerable decrease in integration efforts and project costs, along with conferring higher security and availability for industrial facilities through better cybersecurity features.
• In March 2019, Emerson announced the addition of a new portfolio of PLCs to its product line, allowing for more complete factory control and production optimization. By working with a single automation vendor, end users can increase their operation and supply chain control.

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