Programming Logic Controller (PLC) Market to Grow from $42.22 Billion in 2023 at a 5% CAGR

Programming Logic Controller (PLC) Market is expected to reach USD 59.41 Mn by 2030, says Stellar Market Research

Anticipated Growth in Revenue:

Programming Logic Controller (PLC) Market was valued at $42.22 Mn in 2023, and is expected to reach $59.41 Mn in 2030 as per Stellar Market Research.

Programming Logic Controller (PLC) Market Overview

Programming Logic Controller (PLC) used in industrial automation for controlling machine movement in a production line. Despite emergence of new technologies like Process Automation Controllers (PACs) and other technologies Programming Logic Controller (PLC) remains an integral part of the system.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐎𝐮𝐫 𝐋𝐚𝐭𝐞𝐬𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.stellarmr.com/report/Programming-Logic-Controller-Market/1049

Incorporation of AL and machine learning in manufacturing industry has been one of the driving factors in the manufacturing industry. The demand for smart devices is increasing. The introduction of self-driving electric vehicles, with the need of Programming Logic Controller (PLC) to control the AI and ML is expected to drive the Programming Logic Controller (PLC) Market even further. In all this the presence of substitute of alternative technologies such as Programmable Automation Controller (PAC), Soft PLC, Embedded Controller, Industrial Pc, Smart Relays, Ethernet Modules, Remote Telemetry Units (RTUs), etc might hinder the Programming Logic Controller (PLC) Market growth. Along with it the high cost of adopting PLC and lack f skilled labor also pose issues to the Programming Logic Controller (PLC) Market's growth.

North America dominates the Programming Logic Controller (PLC) Market with a revenue share of 25% in 2023. The presence of industries like automotive, food & beverages, manufacturing units are using Programming Logic Controller (PLC) for automation. Asia-Pacific stood second with 23% market share in 2023. Countries like China, India, Japan, Australia have younger population demanding the smart technologies increasing the demand for Programming Logic Controller (PLC) Market. Europe comes through at 3rd place with 20% of market share in 2023, with the presence of mining industry and largest automobile manufacturers like Ford and Volkswagen needing Programming Logic Controller (PLC). Midde East & Africa and South America follow with 18% and 14% market share respectively.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞:https://www.stellarmr.com/report/req_sample/Programming-Logic-Controller-Market/1049

Programming Logic Controller (PLC) Market Segmentation

by Type

Modular PLC
Compact PLC
Rock Mount PLC
by Application

Automotive
Chemical
Food & Beverages
Oil & Gas
Paper & Pulp
Programming Logic Controller (PLC) Market Key Players

Siemens (Germany)
Rockwell(A-B) (US)
Mitsubishi (Japan)
Schneider (Modicon) (France)
Omron (Japan)
Emerson (GE Fanuc) (US)
ABB(BandR) (Sweden)
Bosch Rexroth (Germany)
Beckhoff (Germany)
𝐅𝐑𝐄𝐄 𝐆𝐞𝐭 𝐚 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰! https://www.stellarmr.com/report/req_sample/Programming-Logic-Controller-Market/1049

Key questions answered in the report

What segments are covered in the Programming Logic Controller (PLC) Market report?
Which region is expected to hold the highest share in the Programming Logic Controller (PLC) Market?
What is the market size volume of the Programming Logic Controller (PLC) Market by 2030?
What is the forecast period for the Programming Logic Controller (PLC) Market?
What was the market size volume of the Programming Logic Controller (PLC) Market in 2023?

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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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