PLC and PLC-based PAC Market Grows and Adapts to Industrial IoT

According to ARC Advisory Group research, the worldwide Programmable Logic Controllers (PLC) and PLC-based PACs market returned to a reliable, mid-single-digit growth in 2022. However, this growth behavior masks a combination of market dynamics of price hikes, currency fluctuations, and large backorders. Much of the growth was due to inflation-induced price hikes imposed by suppliers in 2021 and 2022, as well as to the enormous backlogs accrued by suppliers due to chip shortages. ARC's PLC research tracks shipments and not orders, and many suppliers shipped PLC systems in 2022 that had been ordered the previous year with long lead times. Finally, currency fluctuations played an outsized role in stymieing market growth measured in US dollars.

"The Industrial Internet of Things (Industrial IoT) is changing how industrial processes are controlled and monitored, but PLCs are growing with and adapting to new challenges rather than being replaced by alternate technologies. Despite threats from contemporary technologies, the classic PLC continues to be the preferred choice among machine builders and end users to control industrial machinery and processes, as well as in infrastructure applications. Based on established industrial technology, PLCs are valued for their speed, repeatability, reliability, and ease of deployment and maintenance. These characteristics are difficult to achieve with other technologies," according to David Humphrey, Research Director and key author of ARC's PLCs and PLC-based PACs Market Research.

Programmable Logic Controllers Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

  • Communications Become More Standardized and Universal 
  • Connect to the Cloud
  • Expect More Frequent Migration 
  • More IO to Gather More Information 
  • MTP Adds Flexibility and Scalability 
  • PLCs Go Industrial IoT
  • Software-defined Everything

Leading Suppliers to the Programmable Logic Controllers Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Mitsubishi Electric, OMRON, Rockwell Automation, Schneider Electric, Siemens.

About the Programmable Logic Controllers Research

Programmable Logic Controllers Market TrendsThe Programmable Logic Controllers research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Overall Scope, World Region, Industry, Customer Type, Machinery by Segment, Sales Channel, Revenue Category, Hardware by Type, Controller by Type, Software by Component, Service Revenues by Type, PAC and Standard PLCs.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

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  • Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

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