The Latest Plc Industry Statistics Explained
The global PLC market was valued at USD 10.81 billion in 2020.
The statistic “The global PLC market was valued at USD 10.81 billion in 2020” indicates the estimated total market size of Programmable Logic Controllers (PLCs) worldwide in terms of monetary value for the year 2020. This figure suggests the amount of revenue generated by the sales of PLCs across various industries and regions during that year. It serves as a key metric for assessing the economic significance and growth potential of the PLC market, providing insights into the increasing adoption of automation technologies in manufacturing, energy, automotive, and other sectors. Additionally, this statistic can be used to analyze market trends, competition, and investment opportunities within the PLC industry on a global scale.
The programmable logic controller (PLC) market is expected to reach USD 15.62 Billion by 2027, growing at a CAGR of 7.5%.
The statistic indicates that the programmable logic controller (PLC) market is projected to grow significantly in terms of market size, reaching a value of USD 15.62 Billion by the year 2027. This growth is expected to be driven by a compound annual growth rate (CAGR) of 7.5%, reflecting a steady expansion in the demand and adoption of PLC technology across various industries. The increasing automation trend, coupled with the need for efficient control and monitoring systems in industrial processes, is likely to fuel the growth of the PLC market in the coming years. This statistic provides valuable insights for businesses, policymakers, and investors looking to understand and capitalize on the opportunities within the PLC market.
The trend towards PLC miniaturization is leading to an increase in their application across various sectors.
The statistic “The trend towards PLC miniaturization is leading to an increase in their application across various sectors” suggests that as programmable logic controllers (PLCs) become smaller in size, they are becoming more widely utilized across different industries. The advancement in technology that enables PLCs to be miniaturized is driving their adoption in sectors such as manufacturing, automation, energy, and more. The compact size of these PLCs allows for easier integration into existing systems, reduced space requirements, and improved flexibility in their applications. This trend indicates a shift towards more efficient and versatile automation solutions in diverse sectors, ultimately contributing to advancements in industrial processes and operations.
The Compact PLC is expected to hold the largest market share in the year 2020 and is expected to grow at a higher CAGR.
Based on the statistical analysis and market trends, the Compact PLC (Programmable Logic Controller) is projected to have the leading market share in the year 2020. Additionally, it is anticipated that this specific type of PLC will also experience a higher Compound Annual Growth Rate (CAGR) compared to other types of PLCs. This indicates that the Compact PLC is likely to see a significant increase in its market presence and adoption rate over time, making it a key player in the PLC market for the year 2020 and beyond.
In 2019, in the United States over 1.24 million PLCs were shipped.
In 2019, over 1.24 million programmable logic controllers (PLCs) were shipped in the United States. This statistic is indicative of the widespread adoption and use of PLCs in various industries such as manufacturing, automation, and control systems. PLCs are electronic devices used to control and automate machinery and processes, providing flexibility, efficiency, and reliability in industrial settings. The high number of PLC shipments signifies a strong demand for automation solutions and highlights the integral role that PLCs play in modern industrial operations in the United States.
The process industry segment is expected to be the fastest-growing application of the PLC market during 2020–2025.
This statistic suggests that within the Programmable Logic Controller (PLC) market, the process industry segment is projected to experience the highest rate of growth between the years 2020 to 2025. This indicates that industries such as chemicals, pharmaceuticals, food and beverage, and oil and gas, which fall under the process industry category, are likely to increase their adoption of PLC systems during this period. The expected growth in this application segment may be driven by factors such as the need for automation, improved manufacturing efficiency, and the integration of Industry 4.0 technologies. Companies operating in the process industry sector should take note of this trend and consider investing in PLC technology to stay competitive and enhance their operations.
Siemens was the most popular PLC brand in Europe in 2019.
The statistic indicates that in 2019, Siemens was the most widely used programmable logic controller (PLC) brand in Europe, reflecting its popularity and market dominance. PLCs are a crucial component in industrial automation and control systems, utilized in various industries such as manufacturing, energy, and transportation. The fact that Siemens emerged as the most popular PLC brand suggests that it was preferred by a majority of companies in Europe for their automation needs. This can be attributed to factors such as the brand’s reputation for quality, reliability, and advanced technological features, as well as effective marketing strategies and customer satisfaction.
In 2019, food & beverage was the second-largest industry, after automotive, where industrial PLCs were used.
The statistic “In 2019, food & beverage was the second-largest industry, after automotive, where industrial PLCs were used” indicates that within the realm of industrial automation, food and beverage processing facilities are the second most prominent industry utilizing programmable logic controllers (PLCs), following the automotive sector. PLCs are advanced digital computers used to control machinery and automate processes in industries like manufacturing, mining, and transportation. The fact that the food and beverage industry ranks second in PLC usage highlights the importance of automation in enhancing efficiency, productivity, and quality control within food processing facilities, contributing to the overall modernization and optimization of operations in this sector.
The oil & gas industry is anticipated to generate revenue of USD 4.2 billion by 2027 in the global PLC market.
The statistic indicates that the oil & gas industry is expected to contribute significantly to the global Programmable Logic Controller (PLC) market by generating revenue of USD 4.2 billion by the year 2027. This forecast suggests that the demand for PLCs within the oil & gas sector is projected to increase, likely driven by factors such as technological advancements, automation trends, and the need for efficient and reliable control systems in the industry. The anticipated revenue figure highlights the substantial economic impact that the oil & gas industry is poised to have on the PLC market over the next few years, reflecting the sector’s ongoing reliance on advanced control technologies to optimize operations and enhance productivity.
The water and wastewater industry is projected to observe a growth rate of 5.9% in the PLC market over the forecast period.
The statistic suggests that the water and wastewater industry is expected to experience a significant growth rate of 5.9% in the Programmable Logic Controller (PLC) market over the forecast period. This indicates a positive outlook for the industry, as PLCs play a crucial role in automation and control systems within the water and wastewater sector, increasing efficiency and reducing manual labor. The projected growth rate suggests that there is increasing adoption and investment in PLC technology within the industry, likely driven by factors such as the need for improved operational efficiency, regulatory compliance, and technological advancements. Overall, the statistic implies opportunities for growth and innovation within the water and wastewater industry in the coming years.
The Middle East and Africa PLC market is expected to reach USD 1.03 billion by 2027.
This statistic indicates the projected size of the Public Limited Company (PLC) market in the Middle East and Africa region, with an expected value of USD 1.03 billion by the year 2027. This forecast suggests significant growth and expansion in the PLC market within the Middle East and Africa, reflecting potential opportunities for businesses operating in this sector. Factors such as increased investments, technological advancements, and evolving regulatory frameworks likely contribute to this expected growth. The forecasted value of USD 1.03 billion serves as a valuable insight for stakeholders, investors, and policymakers interested in understanding the economic potential and market trends in the region.
Between 2021-2026, the PLC market in Latin America is expected to grow at a CAGR of 6.4%.
This statistic indicates that the Programmable Logic Controller (PLC) market in Latin America is projected to experience steady growth over the period of 2021 to 2026, with a Compound Annual Growth Rate (CAGR) of 6.4%. This means that on average, the market is expected to expand by 6.4% every year during this timeframe. The CAGR is a useful metric for understanding the consistent annual growth rate of a market, providing insights into its long-term performance. This forecast suggests that the demand for PLCs in Latin America is expected to increase steadily, likely driven by factors such as industrial automation, technological advancements, and the need for efficient manufacturing processes in the region.
The energy and power generation sector will increase its use of PLCs at a CAGR of 4.7% between 2019 to 2027.
This statistic indicates that the energy and power generation sector is projected to experience a Compound Annual Growth Rate (CAGR) of 4.7% in its adoption of Programmable Logic Controllers (PLCs) from 2019 to 2027. PLCs are industrial automation tools used to control various processes and machinery in power generation facilities. The increase in PLC usage suggests a growing trend towards automation and digitization within the sector, likely aimed at improving operational efficiency, reducing downtime, and optimizing energy production. The projected CAGR of 4.7% signifies a steady and sustained growth rate over the specified period, highlighting the sector’s ongoing investment in advanced technologies to meet evolving industry demands and regulatory requirements.
The demand for smart automation solutions is driving the growth of the global PLC market, which is projected to expand at a CAGR of 2.7% during the forecast period 2020 to 2030.
The statistic highlights the significant impact of the increasing demand for smart automation solutions on the growth of the global Programmable Logic Controller (PLC) market. The projected Compound Annual Growth Rate (CAGR) of 2.7% from 2020 to 2030 indicates a steady expansion of the market over the forecast period. This growth is driven by industries seeking efficient and automated processes, leading to a higher adoption of PLCs. The trend towards smart factories and Industry 4.0 initiatives is expected to further boost the demand for PLCs, as these devices play a crucial role in automating and controlling manufacturing processes. Overall, the statistic underscores the vital role of smart automation solutions in shaping the future growth trajectory of the PLC market.
The market for PLCs in the pharmaceutical industry is expected to grow at a CAGR of over 7% during the period 2020–2025.
This statistic indicates that the market for Programmable Logic Controllers (PLCs) in the pharmaceutical industry is projected to experience substantial growth over the period from 2020 to 2025, with a compound annual growth rate (CAGR) exceeding 7%. This forecast suggests an increasing demand for PLCs within the pharmaceutical sector, likely driven by factors such as technological advancements, automation of manufacturing processes, and the need for more efficient and reliable control systems. The predicted growth rate highlights the industry’s shift towards adopting advanced technologies like PLCs to enhance operational efficiency, productivity, and quality control in pharmaceutical manufacturing processes during the specified time frame.
The Modular PLC segment is projected to account for USD 7.39 billion by 2025, growing at a CAGR of 7% during the forecast period of 2020 to 2025.
The statistic indicates that the Modular PLC segment is expected to reach a market value of USD 7.39 billion by 2025, experiencing a Compound Annual Growth Rate (CAGR) of 7% over the forecast period from 2020 to 2025. This growth projection suggests that there is a strong demand for Modular PLCs, which are programmable logic controllers that offer flexibility and scalability in industrial automation applications. The increasing adoption of automation technologies across various industries is likely to drive the growth of the Modular PLC market, as companies seek more efficient and responsive control systems for their operations.
By 2024, global demand for PLCs is expected to reach about 12.3 million units.
The statistic indicates that by the year 2024, there is an anticipated global demand for Programmable Logic Controllers (PLCs) to reach approximately 12.3 million units. PLCs are electronic devices used in industrial automation that are designed to control machinery and processes in manufacturing environments. This projection suggests a growing reliance on automation technologies in various industries worldwide, potentially driven by factors such as advancements in technology, increasing efficiency and productivity demands, and the ongoing trend towards digitalization and Industry 4.0 initiatives. The expected increase in demand for PLCs signifies a continued expansion of automation applications across different sectors, highlighting the importance of these devices in enhancing operational efficiency and optimizing production processes on a global scale.
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