Programmable Logic Controller (PLC) Producers and PLC Market Trend

Programmable Logic Controller (PLC) is a microprocessor-based, digital computing operation electronic system that integrates computer technology, automatic control technology and communication technology to realize the specific operation and process control of industrial equipment. PLC is mainly composed of CPU structure, memory, I/O unit, power supply module, external device interface and other parts.

The global PLC market size was $10.7 billion in 2017, growing to $13.5 billion in 2022, with a CAGR of 4.8% from 2017 to 2022. The global PLC market size is expected to reach $16.6 billion in 2027, with a CAGR of 4.2% from 2022 to 2027.

Figure 2017-2027 Global PLC Market Size (Billion USD) and CAGR

PLC is mainly used in six scenarios: (1) switching control, (2) analog control, (3) motion control, (4) data acquisition, (5) signal monitoring, (6) networking and communication.

The major player in the global PLC market is Siemens (44.5%), Mitsubishi (13.1%), Omron (11.2%), Schneider (5.9%), Rockwell Automation (5.0%) and Delta Electronics (4.9%).