GITNUX MARKETDATA REPORT 2024

Plc Industry Statistics

PLC industry statistics reveal a positive growth trend in terms of revenue, market share, and technological advancements.

Statistic 1

"The global PLC market was valued at USD 10.81 billion in 2020."

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Statistic 2

"The programmable logic controller (PLC) market is expected to reach USD 15.62 Billion by 2027, growing at a CAGR of 7.5%."

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Statistic 3

"The trend towards PLC miniaturization is leading to an increase in their application across various sectors."

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Statistic 4

"The Compact PLC is expected to hold the largest market share in the year 2020 and is expected to grow at a higher CAGR."

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Statistic 5

"In 2019, in the United States over 1.24 million PLCs were shipped."

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Statistic 6

"The process industry segment is expected to be the fastest-growing application of the PLC market during 2020–2025."

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Statistic 7

"Siemens was the most popular PLC brand in Europe in 2019."

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Statistic 8

"In 2019, food & beverage was the second-largest industry, after automotive, where industrial PLCs were used."

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Statistic 9

"The oil & gas industry is anticipated to generate revenue of USD 4.2 billion by 2027 in the global PLC market."

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Statistic 10

"The water and wastewater industry is projected to observe a growth rate of 5.9% in the PLC market over the forecast period."

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Statistic 11

"The Middle East and Africa PLC market is expected to reach USD 1.03 billion by 2027."

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Statistic 12

"Between 2021-2026, the PLC market in Latin America is expected to grow at a CAGR of 6.4%."

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Statistic 13

"The energy and power generation sector will increase its use of PLCs at a CAGR of 4.7% between 2019 to 2027."

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Statistic 14

"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."

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Statistic 15

"The market for PLCs in the pharmaceutical industry is expected to grow at a CAGR of over 7% during the period 2020–2025."

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Statistic 16

"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."

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Statistic 17

"By 2024, global demand for PLCs is expected to reach about 12.3 million units."

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