Modular PLC Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0207750
  • Format: Electronic (PDF)
  • Number of Pages: 180
  • Author(s): Joshi, Madhavi

Report Overview

The Modular PLC Market size was estimated at USD 5.5 billion in 2023 and is projected to reach USD 11 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 11.00% during the forecast period (2024-2030).

Modular PLC Market

(Market Size)
$5.5 billion
$11 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 11.00%
2023 Market Size USD 5.5 billion
2030 Market Size USD 11 billion
Key Players Siemens, Rockwell Automation, Schneider Electric, Mitsubishi Electric, ABB

Market Summary

The modular PLC market is a critical segment within the industrial automation sector, primarily serving the manufacturing and construction industries. These programmable logic controllers are designed with a flexible architecture, allowing users to customize and expand system capabilities by adding various modules for inputs, outputs, communication, and specialized functions. This adaptability makes them highly suitable for complex and scalable automation applications. The market is characterized by continuous technological advancements, including integration with IoT and Industry 4.0 initiatives, enabling smarter manufacturing processes and enhanced operational efficiency. Key end-users leverage modular PLCs to achieve greater control, reliability, and precision in automation tasks, from assembly lines and robotic systems to building management and infrastructure projects. The demand is driven by the need for improved productivity, reduced operational costs, and the ability to handle sophisticated automation requirements. Leading manufacturers are focused on developing robust, secure, and interoperable solutions that can seamlessly integrate with existing industrial systems. The competitive landscape includes both established global players and emerging innovators, all striving to capture market share through product differentiation and strategic partnerships. As industries increasingly adopt automation to stay competitive, the modular PLC market is poised for sustained growth, supported by ongoing investments in smart manufacturing and infrastructure development worldwide.

Key Highlights

The modular PLC market is distinguished by several key highlights that underscore its importance in industrial automation. A primary feature is the high degree of customization and scalability offered by these systems, allowing businesses to tailor automation solutions precisely to their operational needs. This flexibility is crucial for applications requiring frequent changes or expansions, such as in adaptive manufacturing lines or large-scale construction projects. Technological innovation is another significant highlight, with modern modular PLCs incorporating advanced features like embedded cybersecurity protocols, cloud connectivity, and support for real-time data analytics. These capabilities enable predictive maintenance, remote monitoring, and enhanced decision-making, aligning with Industry 4.0 standards. The market also benefits from the robust demand in emerging economies, where industrialization and infrastructure modernization are accelerating. Furthermore, the integration of modular PLCs with other automation components, such as Human-Machine Interfaces (HMIs) and Supervisory Control and Data Acquisition (SCADA) systems, creates cohesive and efficient control environments. Leading companies, including Siemens, Rockwell Automation, and Schneider Electric, are at the forefront, driving innovation through continuous research and development. Their efforts focus on improving processor speeds, communication protocols, and user-friendly programming environments, making modular PLCs more accessible and powerful. These highlights collectively reinforce the market's role as a cornerstone of modern industrial automation, offering solutions that enhance efficiency, reliability, and adaptability across diverse applications.

Drivers, Opportunities & Restraints

The modular PLC market is influenced by a combination of drivers, opportunities, and restraints that shape its trajectory. A major driver is the escalating adoption of industrial automation across manufacturing and construction sectors, fueled by the need for higher productivity, precision, and cost reduction. The transition towards Industry 4.0 and smart factories further propels demand, as modular PLCs are integral to implementing IoT-enabled automation, real-time monitoring, and data-driven processes. Additionally, the growing emphasis on energy efficiency and sustainable practices encourages the use of advanced control systems to optimize resource consumption. Opportunities abound in the expansion of infrastructure projects globally, particularly in developing regions, where urbanization and industrial growth necessitate advanced automation solutions. The rise of modular and prefabricated construction techniques also presents new avenues for PLC applications in controlling automated machinery and building systems. However, the market faces restraints, including the high initial investment required for advanced PLC systems, which can be a barrier for small and medium-sized enterprises. Cybersecurity concerns pose another challenge, as increased connectivity exposes systems to potential threats, necessitating robust protective measures. Moreover, the complexity of integrating new PLCs with legacy equipment can hinder adoption, requiring specialized expertise and additional costs. Despite these restraints, ongoing technological advancements and the critical role of automation in competitive strategy ensure continued market growth, with stakeholders focusing on overcoming challenges through innovation and tailored solutions.

Concentration Insights

The modular PLC market exhibits a concentrated competitive landscape, dominated by a few major players who hold significant market share due to their extensive product portfolios, global presence, and strong R&D capabilities. Companies such as Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, and Mitsubishi Electric Corporation are key influencers, leveraging their brand reputation and technological expertise to maintain leadership. These incumbents focus on continuous innovation, introducing products with enhanced processing power, better connectivity options, and improved user interfaces to meet evolving industry demands. The market concentration is also characterized by strategic mergers, acquisitions, and partnerships aimed at expanding geographical reach and technological capabilities. For instance, collaborations with software firms enable integration with advanced analytics and cloud platforms. Regional players and niche manufacturers contribute to the market by offering cost-effective solutions and specializing in specific applications or industries, but they often face intense competition from global giants. The high barriers to entry, including substantial capital investment for development and established customer loyalty, further reinforce the concentrated nature of this market. Nonetheless, the increasing demand for automation in emerging economies provides opportunities for new entrants to capture niche segments, though overcoming the dominance of established players remains a significant challenge. This concentration drives a focus on quality, reliability, and innovation, benefiting end-users with advanced and reliable automation solutions.

Type Insights

Modular PLCs are categorized based on their architecture and capabilities, with key types including small, medium, and large systems, each designed to meet specific application requirements. Small modular PLCs are compact and cost-effective, ideal for simple automation tasks with limited I/O points, such as in small machinery or standalone equipment. They offer basic functionality and are often used in applications where space and budget constraints are critical. Medium modular PLCs provide a balance between performance and cost, supporting a moderate number of I/O points and enhanced communication features. They are commonly deployed in mid-scale industrial processes, such as conveyor systems, packaging machines, and environmental controls, offering greater flexibility and scalability than small systems. Large modular PLCs are high-performance units capable of handling complex automation tasks with extensive I/O requirements, advanced processing power, and robust communication protocols. These systems are suited for large-scale applications, including entire production lines, automotive manufacturing, and major infrastructure projects, where reliability, speed, and integration with other systems are paramount. Additionally, modular PLCs can be differentiated by their programming languages, such as ladder logic, function block diagram, and structured text, catering to varied user preferences and application complexities. The diversity in types ensures that businesses can select the most appropriate PLC solution based on their specific operational needs, scalability plans, and budgetary considerations, driving widespread adoption across different sectors.

Application Insights

Modular PLCs find extensive applications across the manufacturing and construction industries, driven by their versatility and reliability in automation and control tasks. In manufacturing, they are pivotal in automating production processes, including assembly lines, robotic control, material handling, and quality inspection systems. These PLCs enable precise control over machinery, ensuring high efficiency, consistency, and reduced downtime through features like real-time monitoring and diagnostic capabilities. Industries such as automotive, food and beverage, pharmaceuticals, and electronics heavily rely on modular PLCs to maintain competitive advantage and comply with stringent quality standards. In the construction sector, modular PLCs are increasingly used in automated building systems, including HVAC control, lighting management, security systems, and elevator operation. They facilitate smart building technologies, enhancing energy efficiency, safety, and occupant comfort. Additionally, modular PLCs are integral to heavy machinery and equipment used in construction, such as cranes, excavators, and concrete batching plants, where they provide reliable control and operational safety. The adaptability of modular PLCs allows for customization to specific project needs, making them suitable for both temporary construction sites and permanent installations. As industries embrace automation for improved productivity and sustainability, the application scope of modular PLCs continues to expand, underpinning their critical role in modern industrial and infrastructural development.

Regional Insights

The modular PLC market demonstrates distinct regional dynamics influenced by industrialization levels, technological adoption, and economic conditions. North America holds a significant share, driven by advanced manufacturing sectors, high investments in automation, and the presence of key market players. The region's focus on Industry 4.0 and smart manufacturing initiatives fuels demand for sophisticated PLC solutions. Europe follows closely, with strong adoption in automotive, machinery, and renewable energy industries, supported by stringent regulations promoting energy efficiency and automation. Countries like Germany, France, and the UK are major contributors, leveraging their robust industrial base and innovation ecosystems. The Asia-Pacific region is experiencing rapid growth, attributed to expanding manufacturing activities, infrastructure development, and government initiatives like Made in China 2025 and Make in India. Nations such as China, Japan, South Korea, and India are key markets, with increasing investments in industrial automation and smart city projects. Latin America and the Middle East & Africa are emerging regions, where growth is driven by industrialization efforts and infrastructure modernization, though adoption rates are slower compared to developed economies. Regional variations also exist in terms of preferred suppliers and product specifications, influenced by local standards and economic factors. Overall, the global modular PLC market is characterized by diverse regional opportunities, with developed regions leading in technological advancement and emerging regions offering substantial growth potential.

Company Insights

The modular PLC market is dominated by several established companies known for their technological expertise, extensive product lines, and global reach. Siemens AG is a foremost player, offering the SIMATIC S7 series, renowned for its robustness, scalability, and integration with Totally Integrated Automation (TIA) portal. Rockwell Automation, Inc. is another leader, with its Allen-Bradley ControlLogix and CompactLogix systems widely used in various industries for their reliability and advanced features. Schneider Electric SE provides competitive solutions through its Modicon M580 and other series, emphasizing energy efficiency and cybersecurity. Mitsubishi Electric Corporation is notable for its MELSEC series, catering to diverse automation needs with high performance and flexibility. Other significant contributors include Omron Corporation, with its NJ and NX series focusing on precision and connectivity, and ABB Ltd., offering AC500 series PLCs known for their modularity and application range. These companies invest heavily in research and development to introduce innovations such as enhanced processing capabilities, IoT integration, and user-friendly programming tools. They also engage in strategic partnerships and acquisitions to expand their market presence and technological offerings. Additionally, regional players and niche manufacturers provide specialized solutions, but the market remains largely consolidated around these key incumbents. Their focus on customer support, training, and global service networks further strengthens their market position, ensuring they meet the evolving demands of industrial automation across different sectors and regions.

Recent Developments

Recent developments in the modular PLC market reflect ongoing innovation and strategic moves by key players to enhance product offerings and market reach. Siemens AG has introduced advancements in its SIMATIC S7-1500 series, incorporating improved processing speeds, integrated security functions, and better connectivity options for IoT applications. Rockwell Automation has launched updated versions of its ControlLogix PLCs, featuring enhanced cybersecurity measures and support for cloud-based analytics, aligning with Industry 4.0 requirements. Schneider Electric has focused on expanding its Modicon M580 range with modules that offer greater interoperability and energy management capabilities, catering to sustainable automation needs. Mitsubishi Electric has developed new MELSEC iQ-R series PLCs with higher performance and simpler programming environments to reduce implementation time. Additionally, there has been a trend towards incorporating artificial intelligence and machine learning functionalities into PLC systems, enabling predictive maintenance and optimized operations. Companies are also forming partnerships with software firms to integrate PLCs with advanced visualization and data analysis tools, providing comprehensive automation solutions. On the strategic front, acquisitions and collaborations are common, such as Rockwell Automation's partnerships with cloud providers to facilitate remote monitoring and control. These developments highlight a continuous effort to address evolving industry challenges, including cybersecurity threats, integration complexities, and the demand for smarter, more efficient automation systems, ensuring that modular PLCs remain at the forefront of industrial innovation.

Report Segmentation

This report on the modular PLC market provides a detailed segmentation to offer comprehensive insights into various aspects of the industry. The market is segmented by type into small, medium, and large modular PLCs, each analyzed based on their capabilities, typical applications, and market demand. Small PLCs are examined for their use in simple automation tasks, medium PLCs for balanced performance in mid-scale applications, and large PLCs for complex, high-demand environments. Application segmentation covers key sectors such as automotive manufacturing, food and beverage processing, pharmaceuticals, electronics, construction machinery, and building automation systems. Each application segment is evaluated for its specific requirements, adoption trends, and growth potential. Regional segmentation includes analysis of North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, highlighting regional market dynamics, leading countries, and factors influencing growth. Additionally, the report segments the market by component, including hardware (processors, power supplies, I/O modules) and software (programming tools, diagnostic software), providing insights into the demand and innovation in each category. The competitive landscape is segmented by key players, their market share, product portfolios, and strategic initiatives. This multifaceted segmentation enables a thorough understanding of the modular PLC market, identifying opportunities, challenges, and trends across different segments, and assisting stakeholders in making informed decisions based on precise and relevant data.

FAQs

What is a modular PLC? A modular PLC is a type of programmable logic controller designed with a flexible architecture, allowing users to add various modules for inputs, outputs, communication, and special functions, making it customizable and scalable for different industrial automation needs.

How does a modular PLC differ from a fixed PLC? Unlike fixed PLCs, which have a predetermined number of I/O points and cannot be expanded, modular PLCs offer the flexibility to add or remove modules, enabling customization and scalability to meet specific application requirements.

What are the key applications of modular PLCs? Modular PLCs are used in diverse applications including manufacturing automation, robotic control, conveyor systems, packaging machinery, building management systems, and construction equipment, providing reliable and precise control.

Which companies are leaders in the modular PLC market? Leading companies include Siemens AG, Rockwell Automation, Schneider Electric, Mitsubishi Electric, Omron Corporation, and ABB Ltd., known for their innovative products and strong market presence.

What are the benefits of using modular PLCs? Benefits include high customization, scalability, improved efficiency, easier troubleshooting, enhanced integration with other systems, and the ability to handle complex automation tasks, making them ideal for evolving industrial needs.

How do modular PLCs support Industry 4.0? Modular PLCs support Industry 4.0 by enabling IoT connectivity, real-time data analytics, remote monitoring, predictive maintenance, and integration with smart manufacturing systems, facilitating automated and data-driven operations.

Citius Research has developed a research report titled “Modular PLC Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Modular PLC Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Modular PLC Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Modular PLC Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Modular PLC Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Modular PLC Market
• Research Methodology
• Executive Summary
• Market Dynamics of Modular PLC Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Modular PLC Market
• Cost and Gross Margin Analysis of Modular PLC Market
• Modular PLC Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Modular PLC Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Modular PLC Market Key Stakeholders

Below are the key stakeholders for the Modular PLC Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Modular PLC Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Modular PLC Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Modular PLC Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Modular PLC Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Modular PLC Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Modular PLC Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Modular PLC Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Modular PLC Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Modular PLC Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Modular PLC Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Modular PLC Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Modular PLC Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Modular PLC Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Modular PLC Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Modular PLC Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Modular PLC Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Modular PLC Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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