Programmable Logic Controller (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: CR0211930
  • Format: Electronic (PDF)
  • Number of Pages: 206
  • Author(s): Joshi, Madhavi

Report Overview

The Programmable Logic Controller (PLC) Market size was estimated at USD 15.5 billion in 2023 and is projected to reach USD 26 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 8.10% during the forecast period (2024-2030).

Programmable Logic Controller (PLC) Market

(Market Size)
$15.5 billion
$26 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 8.10%
2023 Market Size USD 15.5 billion
2030 Market Size USD 26 billion
Key Players Siemens, Rockwell Automation, Mitsubishi Electric, Schneider Electric, ABB

Market Summary

The Programmable Logic Controller (PLC) market is a critical segment within the broader semiconductor and electronics industry, characterized by its indispensable role in industrial automation and control systems. PLCs are ruggedized computers used for automating electromechanical processes, such as control of machinery on factory assembly lines, amusement rides, or light fixtures. They are designed for multiple arrangements of digital and analog inputs and outputs, extended temperature ranges, immunity to electrical noise, and resistance to vibration and impact. The market is driven by the increasing adoption of automation across various industries, including manufacturing, energy, automotive, and pharmaceuticals, to enhance operational efficiency, reduce human error, and improve productivity. PLCs form the backbone of modern industrial operations, integrating with other systems like Supervisory Control and Data Acquisition (SCADA) and Distributed Control Systems (DCS) to provide comprehensive control solutions. Key players in this market include established electronics and automation giants who continuously innovate to offer more advanced, reliable, and efficient PLC products. The market is also influenced by trends such as the integration of Internet of Things (IoT) capabilities, which allow for better data collection, monitoring, and predictive maintenance, further propelling the adoption of PLCs in smart factories and Industry 4.0 initiatives.

Key Highlights

The Programmable Logic Controller market is distinguished by several key highlights that underscore its importance and growth trajectory. One significant aspect is the relentless push towards industrial automation and digital transformation across global industries, which fuels demand for robust and scalable control systems. PLCs are at the forefront of this shift, offering flexibility, reliability, and ease of programming that make them suitable for a wide range of applications. Another highlight is the technological evolution within PLCs, with advancements leading to more compact designs, higher processing speeds, enhanced connectivity options, and improved energy efficiency. Manufacturers are increasingly incorporating features such as Ethernet connectivity, wireless communication, and cloud integration to facilitate real-time data exchange and remote monitoring. The market is also characterized by a competitive landscape where companies like Siemens AG, Rockwell Automation, and Mitsubishi Electric Corporation dominate through continuous innovation and strategic partnerships. Additionally, the adoption of PLCs in emerging economies is rising due to industrialization and infrastructure development, presenting new growth opportunities. The emphasis on safety and compliance with international standards further drives the development of advanced PLCs with built-in security features to protect against cyber threats, ensuring safe and uninterrupted industrial operations.

Drivers, Opportunities & Restraints

The growth of the Programmable Logic Controller market is propelled by several key drivers, with the foremost being the increasing adoption of automation in manufacturing and process industries to enhance efficiency, reduce costs, and minimize human intervention. The trend towards Industry 4.0 and smart manufacturing is a significant driver, as it necessitates advanced control systems like PLCs that can integrate with IoT devices, artificial intelligence, and machine learning for predictive maintenance and optimized operations. Another driver is the rising demand for energy-efficient solutions and the need to modernize aging industrial infrastructure, particularly in developed regions, which encourages investments in upgraded automation technologies. Opportunities in the market abound, especially in emerging economies where rapid industrialization, urbanization, and government initiatives to boost manufacturing sectors create a fertile ground for PLC adoption. The expansion of applications beyond traditional manufacturing into areas such as renewable energy, water treatment, and building automation opens new avenues for growth. However, the market faces restraints, including the high initial investment required for advanced PLC systems and the associated integration costs, which can be a barrier for small and medium-sized enterprises. Additionally, the complexity of programming and maintaining PLC systems necessitates skilled personnel, and a shortage of such expertise can hinder adoption. Cybersecurity concerns also pose a challenge, as interconnected systems are vulnerable to attacks, requiring continuous investment in security measures.

Concentration Insights

The Programmable Logic Controller market exhibits a concentrated competitive landscape, dominated by a few key players who hold significant market share due to their extensive product portfolios, global presence, and strong research and development capabilities. Companies such as Siemens AG, Rockwell Automation, Schneider Electric, Mitsubishi Electric Corporation, and ABB Ltd. are leaders in this space, offering a wide range of PLC products tailored to various industries and applications. These established players benefit from brand recognition, technological expertise, and long-standing relationships with industrial clients, which provide a competitive edge. The market concentration is also influenced by mergers and acquisitions, where larger companies acquire smaller firms to expand their product offerings and geographic reach. For instance, acquisitions aimed at enhancing IoT and connectivity capabilities are common strategies. Despite the dominance of these giants, there is a presence of regional and specialized players who cater to niche markets or offer cost-effective solutions, particularly in emerging economies. The concentration is further characterized by high barriers to entry, including the need for substantial R&D investment, compliance with stringent industrial standards, and the requirement of a robust distribution and support network. This structure leads to intense competition in terms of product innovation, pricing, and customer service, driving continuous advancement in PLC technology.

Type Insights

Programmable Logic Controllers are categorized into various types based on their size, functionality, and application requirements, each catering to specific industrial needs. The primary types include nano PLCs, micro PLCs, small PLCs, medium PLCs, and large PLCs, with distinctions based on the number of input/output (I/O) points, processing power, and memory capacity. Nano and micro PLCs are compact and designed for simple applications with limited I/O requirements, such as small machinery control or standalone equipment, offering cost-effectiveness and ease of use. Small PLCs are suitable for more complex tasks in applications like packaging machines or conveyor systems, providing a balance between performance and size. Medium PLCs handle higher I/O counts and are used in processes requiring moderate complexity, such as in automotive assembly lines or food processing plants. Large PLCs are employed in extensive industrial applications with thousands of I/O points, such as in power generation or large-scale manufacturing facilities, offering high processing speed, extensive memory, and advanced communication capabilities. Additionally, there are modular PLCs that allow for customization through various modules for analog, digital, or special functions, providing flexibility for diverse industrial environments. The choice of PLC type depends on factors like the scale of operation, complexity of control tasks, and integration needs with other systems, driving manufacturers to offer a spectrum of products to meet varying demands.

Application Insights

Programmable Logic Controllers find applications across a wide array of industries, underscoring their versatility and critical role in automation. In the manufacturing sector, PLCs are extensively used for controlling assembly lines, robotics, material handling systems, and packaging machinery, ensuring precision, efficiency, and consistency in production processes. The automotive industry relies on PLCs for tasks such as engine testing, painting robots, and conveyor systems, where reliability and speed are paramount. In the energy and power sector, PLCs are employed in power generation, distribution, and renewable energy systems like wind and solar farms to monitor and control operations, enhance safety, and optimize energy output. The oil and gas industry utilizes PLCs for upstream, midstream, and downstream processes, including drilling, pipeline monitoring, and refinery operations, where they help in managing complex and hazardous environments. Water and wastewater treatment plants use PLCs for automating processes like pumping, filtration, and chemical dosing, improving efficiency and compliance with environmental regulations. Additionally, PLCs are increasingly adopted in building automation for controlling HVAC systems, lighting, and security systems, contributing to energy savings and operational convenience. The expanding application scope into emerging areas such as pharmaceuticals, food and beverage, and textiles further demonstrates the adaptability of PLCs in meeting diverse industrial automation needs.

Regional Insights

The Programmable Logic Controller market demonstrates varied growth patterns across different regions, influenced by industrialization levels, technological adoption, and economic conditions. North America holds a significant share of the market, driven by advanced manufacturing infrastructure, high adoption of automation technologies, and the presence of major players like Rockwell Automation and Emerson Electric. The region's focus on innovation and early adoption of Industry 4.0 practices sustains demand for advanced PLCs. Europe is another prominent market, with countries like Germany, France, and the UK leading due to strong automotive, manufacturing, and energy sectors. Stringent regulations regarding energy efficiency and safety standards further propel the adoption of sophisticated PLC systems in this region. The Asia-Pacific region is experiencing rapid growth, fueled by industrialization in countries such as China, India, and Japan. Increasing investments in manufacturing, infrastructure development, and government initiatives like Make in India and China's Manufacturing 2025 plan are key drivers. This region also benefits from cost-effective manufacturing capabilities and a growing emphasis on automation to enhance competitiveness. Latin America and the Middle East & Africa are emerging markets with growing potential, driven by developments in oil and gas, mining, and infrastructure projects, though adoption may be slower due to economic volatility and infrastructure challenges. Overall, regional dynamics are shaped by factors like industrial base, technological readiness, and economic policies.

Company Insights

The competitive landscape of the Programmable Logic Controller market is dominated by several key companies that leverage their technological expertise, extensive product portfolios, and global reach to maintain leadership positions. Siemens AG is a foremost player, known for its SIMATIC S7 series of PLCs, which are widely used across industries for their reliability, scalability, and integration capabilities with other automation solutions. Rockwell Automation, with its Allen-Bradley brand, offers a comprehensive range of PLCs like the ControlLogix and CompactLogix series, favored in North America for their robust performance and support services. Schneider Electric provides innovative PLC solutions under the Modicon brand, emphasizing energy efficiency and connectivity for smart manufacturing environments. Mitsubishi Electric Corporation is renowned for its MELSEC series, which are popular in Asia for their high speed and precision in applications like robotics and CNC machinery. ABB Ltd. offers PLCs that are integral to its automation offerings, focusing on sectors like power generation and robotics. Other notable players include Omron Corporation, which provides PLCs with advanced features for factory automation, and Bosch Rexroth, known for its solutions in mobile and industrial hydraulics. These companies invest heavily in research and development to introduce products with enhanced features such as IoT integration, cybersecurity, and user-friendly programming interfaces, while also engaging in strategic partnerships and acquisitions to expand their market presence and cater to evolving customer needs.

Recent Developments

The Programmable Logic Controller market has witnessed several recent developments that reflect the ongoing innovation and strategic movements within the industry. A significant trend is the integration of IoT and cloud computing capabilities into PLC systems, enabling real-time data monitoring, remote access, and predictive maintenance, which enhances operational efficiency and reduces downtime. Companies are launching next-generation PLCs with improved processing power, larger memory, and enhanced connectivity options such as 5G and OPC UA for seamless communication with other industrial devices. For instance, recent product introductions include PLCs with built-in cybersecurity features to address growing concerns about cyber threats in interconnected industrial environments. Another development is the emphasis on modular and scalable PLC designs that allow for easy upgrades and customization, catering to the diverse needs of various industries. Strategic collaborations and acquisitions are also prevalent, with major players partnering with software firms or acquiring startups to bolster their IoT and digitalization offerings. Additionally, there is a push towards developing energy-efficient PLCs that comply with international energy standards, supporting sustainability goals. The adoption of open standards and programming languages like IEC 61131-3 continues to simplify integration and programming, making PLCs more accessible to a broader range of users. These developments indicate a market that is rapidly evolving to meet the demands of modern industrial automation, focusing on smart, connected, and secure solutions.

Report Segmentation

The report on the Programmable Logic Controller market is meticulously segmented to provide a detailed and comprehensive analysis that caters to the specific needs of stakeholders. The segmentation is based on several criteria to capture the multifaceted nature of the market. By type, the market is divided into nano, micro, small, medium, and large PLCs, each addressing different scales of industrial applications based on I/O capacity and complexity. Application-wise, the segmentation covers key industries such as automotive, energy & power, oil & gas, manufacturing, pharmaceuticals, food & beverage, and others, highlighting the diverse usage of PLCs across sectors. Geographically, the report is segmented into regions including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa, with further breakdown into key countries to analyze regional trends and opportunities. Additionally, the report may segment based on components, distinguishing between hardware, software, and services, to understand the value chain and investment areas. This structured approach enables readers to gain insights into specific segments of interest, identify growth pockets, and make informed decisions regarding market entry, product development, and investment strategies. The segmentation ensures that the report delivers targeted information, addressing the unique requirements of various market participants.

FAQs

What is a Programmable Logic Controller (PLC)? A Programmable Logic Controller is an industrial digital computer designed for the control of manufacturing processes, such as assembly lines, robotic devices, or any activity that requires high reliability, ease of programming, and process fault diagnosis.

How does a PLC differ from a personal computer? Unlike personal computers, PLCs are built for rugged industrial environments, with features such as resistance to vibration, extreme temperatures, and electrical noise, and they are optimized for real-time control and reliability rather than general-purpose computing.

What are the common programming languages for PLCs? PLCs are commonly programmed using languages standardized under IEC 61131-3, which includes Ladder Logic, Function Block Diagram, Structured Text, Instruction List, and Sequential Function Chart, with Ladder Logic being the most widely used due to its similarity to electrical relay logic.

What industries use PLCs the most? PLCs are extensively used in industries such as automotive manufacturing, food and beverage processing, pharmaceuticals, oil and gas, energy and power generation, and water treatment plants, wherever automation and control of machinery or processes are required.

Can PLCs be connected to the Internet of Things (IoT)? Yes, modern PLCs often come with IoT capabilities, allowing them to connect to networks, cloud platforms, and other devices for data collection, remote monitoring, and integration into larger Industrial IoT ecosystems for enhanced analytics and control.

What is the difference between a PLC and a Distributed Control System (DCS)? While both are used for industrial automation, a PLC is typically used for discrete control tasks involving individual machines or processes, whereas a DCS is designed for complex, continuous process control across a large plant, offering integrated control and a unified architecture.

Citius Research has developed a research report titled “Programmable Logic Controller (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

• Programmable Logic Controller (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 Programmable Logic Controller (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.

Programmable Logic Controller (PLC) Market Segmentation

Market Segmentation

Regions Covered

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

Programmable Logic Controller (PLC) Market Analysis

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

• Overview of Programmable Logic Controller (PLC) Market
• Research Methodology
• Executive Summary
• Market Dynamics of Programmable Logic Controller (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 Programmable Logic Controller (PLC) Market
• Cost and Gross Margin Analysis of Programmable Logic Controller (PLC) Market
• Programmable Logic Controller (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 “Programmable Logic Controller (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.

Programmable Logic Controller (PLC) Market Key Stakeholders

Below are the key stakeholders for the Programmable Logic Controller (PLC) Market:

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

Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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 Programmable Logic Controller (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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