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Programmable Logic Controller (PLC) Market Size to Grow USD 19510 Million by 2029 with a CAGR of 5.3% | Valuates Reports

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BANGALORE, India, Aug. 9, 2023 /PRNewswire/ — Programmable Logic Controller (PLC) Market is Segmented by Type (Nano, Micro, Medium, Large), by Application (Petrochemical and Gas Industry, Steel Industry, Automobile Industry, Electrical And Electronics Industry, Semiconductor Industry, Power Industry): Global Opportunity Analysis and Industry Forecast, 2023-2029.

Due to the COVID-19 pandemic, the global Programmable Logic Controller (PLC) market size is estimated to be worth USD 13560 Million in 2022 and is forecast to a readjusted size of USD 19510 Million by 2029 with a CAGR of 5.3% during the forecast period 2023-2029.

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Major Factors Driving the Growth of Programmable Logic Controller (PLC) Market:

Over the forecast period, high demand for PLC from various end-use industries is anticipated to propel market expansion.

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During the forecast period, an increase in industrial automation or a growing acceptance of Industry 4.0 is anticipated to fuel the growth of the PLC market. Industry 4.0 is transforming how businesses produce, enhance, and distribute their goods. With the introduction of Industry 4.0, numerous industrial facilities are embracing digital technology to improve, automate, and modernize the entire process, enhancing the facilities’ performance.

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TRENDS INFLUENCING THE GROWTH OF PROGRAMMABLE LOGIC CONTROLLER MARKET:

The adoption of Industry 4.0 standards and the development of automation have been key market drivers for PLCs. PLCs are essential for enabling smart manufacturing processes since industries are increasingly focused on efficiency, productivity, and cost-cutting. PLCs aid in the integration of data from numerous devices, enabling smooth system and machine communication, increasing output, and decreasing downtime.

The need for PLCs has increased as a result of the manufacturing industry’s ongoing expansion and modernization. These controllers provide flexible manufacturing processes and automation, enabling businesses to respond swiftly to shifting consumer demands and enhance production cycles. Furthermore, PLCs play a crucial role in maximizing energy use and monitoring resource utilization as industries work to lower their environmental effect and energy consumption. PLCs are a good option for organizations that care about the environment since they improve process control by being more accurate and effective.

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Industrial automation has been transformed by the Internet of Things (IoT) and Industrial Internet of Things (IIoT) technologies combined with PLCs. PLCs may receive real-time data from IoT-enabled sensors and devices, enabling data-driven decision-making, remote monitoring, and predictive maintenance. This integration has created new possibilities for improved productivity and data-driven improvements.  Process optimization is becoming more and more important, and PLCs provide unmatched flexibility in programming and control, making it possible to optimize processes precisely. Industries are putting more of an emphasis on cutting waste, improving product quality, and making sure everything runs smoothly. PLCs give them the precise control and data-driven insights they need to accomplish these objectives.

The demand for PLCs is increasing as emerging economies continue to engage in infrastructure improvement and industrialization. These nations strive to improve their industrial capacities and maintain their competitiveness on the international scene. To fulfill the needs of their developing industrial sectors, there is an increasing requirement for automation systems like PLCs.

PLC troubleshooting is fairly simple compared to relay logic. To show the IO status, LED indicators are placed over the controller hardware. Additionally, we may verify the input or output status with the associated program, and diagnostic data is also available to find system flaws.

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PROGRAMMABLE LOGIC CONTROLLER MARKET SHARE ANALYSIS

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Among the major PLC manufacturers worldwide are Siemens, Rockwell (A-B), Mitsubishi, and others. The top three players hold around 63% of the market.

The greatest producer in Europe, with a market share of around 35%, followed by North America and Japan, each with a market share of about 24%. With a market share of roughly 37%, Asia-Pacific leads the way, followed by Europe and North America, each with 34% and 23%.

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Key Companies:

  • Siemens
  • Rockwell (A-B)
  • Mitsubishi
  • Schneider (Modicon)
  • Omron
  • Emerson (GE Fanuc)
  • ABB (B&R)
  • Bosch Rexroth
  • Beckhoff
  • Fuji
  • Toshiba
  • Keyence
  • Idec
  • Panasonic
  • Koyo

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SIMILAR REPORTS

–  Programmable Logic ICS Market

–  Programmable Logic Controller Automation (PLC Automation) Market

–  Programmable Logic Controller (PLC) Battery Market

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–  Programmable Logic Controller (PLC) Control Panel Market

–  Compact Programmable Logic Controller Market

–  Manufacturing Execution System (MES) market size is estimated to be worth USD 12550 Million in 2022 and is forecast to a readjusted size of USD 19270 Million by 2028 with a CAGR of 7.4% during the review period.

–  The global factory automation market was valued at USD 242.5 Billion in 2021 and is projected to reach USD 558.8 Billion by 2031, growing at a CAGR of 8.7% from 2022 to 2031.

–  Industry 4.0 market size is projected to reach USD 280150 Million by 2028, from USD 107250 Million in 2021, at a CAGR of 14.4% during 2022-2028.

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–  Electrical Digital Twin market was valued at USD 4664.3 million in 2022 and is anticipated to reach USD 13510 million by 2029, witnessing a CAGR of 19.4% during the forecast period 2023-2029.

–  The global digital twin market size is projected to reach USD 26320 million by 2027 from USD 3203.4 million in 2020 at a CAGR of 35.1% during 2021-2027.

–  Smart Factory market is projected to reach USD 131740 million by 2028 from an estimated USD 71200 million in 2022, at a CAGR of 10.8% during 2023 and 2028.

–  Industrial Automation market size is projected to reach USD 212410 million by 2027, from USD 130710 million in 2020, at a CAGR of 6.7% during 2021-2027.

–  Industrial Controls and Factory Automation market size is projected to reach USD 224400 million by 2028, from USD 137150 million in 2021, at a CAGR of 7.2% during 2022-2028.

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–  Industrial IoT (IIoT) market size is projected to reach USD 102460 million by 2028, from USD 71160 million in 2021, at a CAGR of 5.3% during 2022-2028.

–  Smart Manufacturing market size is projected to reach USD 397120 Million by 2028, from USD 203530 Million in 2021, at a CAGR of 9.9% during 2022-2028.

–  The global supply chain management market was valued at USD 27.2 Billion in 2022, and is projected to reach USD 75.6 Billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.

Click here to see related reports on Programmable Logic Controller Market

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Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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Blockchain Press Releases

Opportunities in Volatility: Navigate Crypto Market Trends with KuCoin Trading Bots

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VICTORIA, Seychelles, March 14, 2025 /PRNewswire/ — KuCoin, a global leading cryptocurrency exchange, is excited to announce the release of its latest market trend and trading bot strategies report for March 2025. This detailed production is designed to empower traders by enhancing their understanding of the crypto market and refining their trading techniques.

This new report is set to support both novice and experienced traders by providing them with a detailed historical analysis of Bitcoin’s performance over the past 13 years, diving into the long-term trends and cyclicality of the market, enabling traders to enhance their understanding of the market landscape.

To help everyone to better keep up with the dynamics of the market, the report features a calendar of key events in March that are expected to impact the crypto markets. This report serves as learning materials with the purpose of information sharing, users are welcome to leverage the detailed information provided in the report  to personalize their own analysis and develop trading strategies that align with their individual trading habits and risk appetite.

This is a testament to KuCoin’s ongoing commitment to education and excellence in the crypto trading space. New users are also welcomed to join the latest Trading Bot Carnival to stand a chance of getting various types of rewards. Users are encouraged to read through risk warnings before proceeding to investing.

For a full report and access to the educational resources provided by KuCoin, please visit KuCoin Official Website.

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About KuCoin

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 40 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.

Disclaimer:  This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions or any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances.

(PRNewsfoto/KuCoin)

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Blockchain Press Releases

Bybit Introduces Zero Fees on Indices Trading for MT5 Users

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DUBAI, UAE, March 14, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a new perk for MT5 users on Bybit in a zero-fee trading event, Indices Unleashed.

From today until April 12, 2025, Bybit traders can execute transactions on 18 prominent indice pairs without incurring trading fees. The offer applies automatically to derivatives linked to indices including the Dow Jones Index Cash CFD (DJ30), NAS100 Cash (NAS100), Hang Seng Index Cash CFD (HK50), S&P Index Cash CFD (SP500), GER40 Cash (GER40), US SMALL CAP 2000 – CASH (US2000), France 40 Index (FRA40), Nikkei Index Cash CFD (Nikkei225), UK 100 Cash (UK100), EUSTX50 Cash (EU50), ES35 Index Cash (ES35), Hang Seng Tech Index Case CFD (HKTECH), Bovespa Cash CFD (BVSPX), South Africa 40 – CASH (SA40), S&P/ASX 200 Index Cash CFD (SPI200), Singapore 20 Index Cash CFD (SGP20), and the Taiwan RIC Index Cash CFD (TWINDEX), all available on the Bybit Gold & Forex Trading platform.

Bybit Gold & FX Trading marks a significant milestone for Bybit as the first cryptocurrency exchange to achieve seamless MT5 integration. This groundbreaking advancement provides users with access to a diverse range of financial instruments, including forex, gold, and other commodities, alongside traditional crypto offerings. With MT5’s sophisticated charting tools, automated trading capabilities, and intuitive interface, Bybit Gold & FX Trading enhances the trading experience for both seasoned professionals and those new to the markets, setting a new benchmark within the digital asset trading landscape.

“Whatever the market conditions, broader access and powerful, intelligent tools are a trader’s best friend. We’re offering free access to indices trading via MT5 on Bybit for a limited time to allow users to experience the platform and find their trading rhythm in a dynamic market,” said Joan Han, Sales and Marketing Director of Bybit.

To find out more about the event and its terms and conditions, users may visit: Bybit Indices Unleashed – Trade for Free

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About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Blockchain Press Releases

MEXC Lists AO (AO), Expanding Support for Decentralized Computing and AI Innovation with a 140,000 USDT Prize Pool

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VICTORIA, Seychelles, March 14, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency trading platform, announces the listing of AO (AO) on both spot and futures markets, scheduled for March 14, 2025, at 06:00 (UTC). To mark the occasion, MEXC is launching an Airdrop+ rewards event with a 140,000 USDT prize pool, providing users with multiple opportunities to engage with AO and explore its potential within the decentralized computing space.

Unleashing AO: MEXC Supports the Future of Decentralized Computing and AI Agents

AO is a decentralized ultra-parallel computing network that expands on-chain computation while ensuring all operations remain verifiable and permanently recorded. Built on Arweave’s permanent storage, AO features an actor-oriented architecture, where modular programs (actors) operate independently, select their own virtual machines (VMs), consensus mechanisms, and payment models, and communicate through a standardized messaging layer. With self-triggering execution and autonomous agent capabilities, AO enables efficient DeFi strategies, automated DEX trading, and AI-driven applications, unlocking a new era of decentralized computing.

By listing AO, MEXC reinforces its commitment to supporting cutting-edge innovations at the intersection of AI, blockchain infrastructure, and decentralized computing. As demand for on-chain processing and AI-powered applications grows, MEXC provides AO with critical market access, deep liquidity, and an engaged global user base to accelerate its adoption and utility. Beyond just a listing, MEXC plays a crucial role in fostering the adoption and development of innovative blockchain projects across AI and DePIN. With a strong trading community, strategic marketing initiatives, and a track record of launching high-potential assets, MEXC provides projects like AO with the tools to gain visibility and traction within the crypto ecosystem. Through this listing, MEXC continues to connect users with the latest blockchain advancements, ensuring accessibility to next-generation decentralized infrastructure.

Celebrate AO’s Listing with a 140,000 USDT Prize Pool

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MEXC, known for quickly listing trending tokens, expands its offerings with AO (AO). The AO/USDT trading market officially launched in the Innovation Zone on March 14, 2025, at 06:00 (UTC), followed by the introduction of the AO USDT perpetual futures at 06:10 (UTC), offering adjustable leverage from 1x to 50x with both cross and isolated margin modes.

To celebrate the listing of AO (AO) on MEXC Spot and Futures, MEXC is launching a series of exclusive events from March 13, 2025, at 12:00 (UTC) – March 23, 2025, at 10:00 (UTC), giving both new and existing users the opportunity to earn USDT bonuses and other rewards while engaging with the AO ecosystem.

  • Event 1: Deposit to Share 72,000 USDT (New User Exclusive)

New users who trade AO spot (≥ $100) or futures (≥ $500) can earn a 30 USDT bonus, with a total of 72,000 USDT up for grabs.

  • Event 2: Futures Challenge — Trade to Share 50,000 USDT in Futures Bonuses (Open to All Users)

Each user can receive up to 5,000 USDT in Futures bonuses.

  • Event 3: Invite New Users & Share 18,000 USDT (Open to All Users)
  • Event 4: Spread the Word and Win Rewards

Your Easiest Way to Trending Tokens

MEXC aims to become the go-to platform offering the widest range of valuable crypto assets. The platform has grown its user base to 34 million by offering a diverse selection of tokens, high-frequency airdrops, competitive fees, and comprehensive liquidity. In 2024, MEXC launched a total of 2,376 new tokens, including 1,716 initial listings and 605 memecoins, with total airdrop rewards exceeding $136 million.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

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