How big is the Programmable Logic Controller Market?

The Programmable Logic Controller Market size is expected to reach USD 12.20 billion in 2024 and grow at a CAGR of 4.37% to reach USD 15.12 billion by 2029. Read More

What is the current Programmable Logic Controller Market size?

In 2024, the Programmable Logic Controller Market size is expected to reach USD 12.20 billion. Read More

Who are the key players in Programmable Logic Controller Market?

ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation Inc. and Siemens AG are the major companies operating in the Programmable Logic Controller Market. Read More

Which is the fastest growing region in Programmable Logic Controller Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Programmable Logic Controller Market?

In 2024, the Asia Pacific accounts for the largest market share in Programmable Logic Controller Market. Read More

What years does this Programmable Logic Controller Market cover, and what was the market size in 2023?

In 2023, the Programmable Logic Controller Market size was estimated at USD 11.67 billion. The report covers the Programmable Logic Controller Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Programmable Logic Controller Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the challenges facing the PLC market?

Major challenges faced by the Programmable Logic Controller (PLC) Market are a) High initial cost b) Need for skilled personnel to operate PLC systems c) Vulnerability to cyber threats in increasingly connected environments Read More

What are the latest trends in PLC technology?

Latest trends in the PLC Technology Market are a) Integration with IoT for smarter control b) Increased use of wireless communication technologies c) Enhanced data analytics capabilities Read More

What are the challenges facing the PLC market?

Major challenges faced by the Programmable Logic Controller (PLC) Market are a) High initial cost b) Need for skilled personnel to operate PLC systems c) Vulnerability to cyber threats in increasingly connected environments Read More

Programmable Logic Controller (PLC) Market Share

Statistics for the 2023 & 2024 Programmable Logic Controller (PLC) market share, created by Mordor Intelligence™ Industry Reports. Programmable Logic Controller (PLC) share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Programmable Logic Controller (PLC) Industry

Competition depends on factors affecting the market, such as brand identity, powerful competitive strategy, and degree of transparency. The market studied has a highly sustainable competitive advantage through innovation, as buyers seek more efficient solutions to optimize the process.

The market consists of long-standing established players who have significantly invested in improving product technology. Some vendors include ABB Ltd, Siemens AG, and Emerson Electric Co.. The new players entering the market require a high level of advertising. However, this is quite simple for the key players in the industry. The companies can sustain themselves through powerful competitive strategies like technological collaborations, extensive R&D investments, and acquisitions.

The presence of established vendors, such as ABB Ltd, Rockwell Automation Inc., Honeywell International Inc., and Mitsubishi Electric Corporation, pose high barriers to the entry of new players since these players occupy the majority of the market and have greater access to the distribution channels.