Programmable Logic Controller Market Share

North American Market Forecast

The programmable logic controller market in North America is projected to be the largest with a share of about 35% by the end of 2037. The growth of the PLC market can be attributed majorly to the growing transformation of the industries and higher adoption of automation and robotic process automation. Companies in North America increased their expenditure on industrial robots in the first quarter as they tried to meet growing demand in the aftermath of the COVID-19 pandemic. According to the Association for Advancing Automation, North American corporations ordered around 9,000 robots in the first quarter of 2022, an approximate 20% increase over the previous year. The total value of the orders exceeded USD 466 million.

European Market Statistics

The European programmable logic controller market is estimated to be the second largest, registering a share of about 28% by the end of 2036. The growth of the PLC market can be attributed majorly to the rising investment in the fourth revolution of automation. Europe has emerged as the most notable industrial automation adopter as a result of growing investments in the Industry 4.0 revolution. Europe accounts for more than one-third of worldwide Industry 4.0 investments, according to the CBI Ministry of Foreign Affairs.