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[Research Report] Global Market for Programmable Logic Controllers

Global Programmable Logic Controller (PLC) Market

Due to the COVID-19 pandemic and the impact of the Russia-Ukraine war, the global PLC market size was $12.31692 billion in 2017, but it increased to $13.56247 billion by 2021. A series of function calculations were performed, and scientific models were used to forecast data for the next five years. Ultimately, the PLC market size is expected to reach $19.50952 billion by 2028, with a CAGR of 5.34% from 2022 to 2028. In 2021, the revenue market share was 36.86%, with the Asia-Pacific region being the largest consumer market. Europe and North America ranked second and third with market shares of 33.91% and 23.39%, respectively, in 2021. Currently, the top three companies hold a revenue share of 63.76% in the PLC market. Major global companies are primarily concentrated in the EU. The top five companies are Siemens, Rockwell (A-B), Mitsubishi, Schneider (Modicon), and Omron, with respective global revenue market shares in 2021 of 29.26%, 19.73%, 14.77%, 8.59%, and 8.34%.

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