Europe PLC Market Size

Europe PLC Market Analysis

The Europe PLC Market size is estimated at USD 3.52 billion in 2024, and is expected to reach USD 4.14 billion by 2029, growing at a CAGR of 3.29% during the forecast period (2024-2029).

• The deployment of PLC systems enables the identification and rectification of errors and can initiate rapid responses even without human intervention. Hence, these automated PLC systems are estimated to reduce machine downtime from 20% to almost 4%.
• One of the driving factors of the PLC market is that it has yet to replace in the automation field. Another significant factor is the development of programmable automation controllers (PACs), which integrate PLCs with PCs. Furthermore, a modular PLC can continue working while errors in other modules are being fixed.
• Member States also sponsor national initiatives such as Industry 4.0 in Germany, the Factory of the Future in Italy and France and Catapult centers in the UK. The market studied is strongly impacted by the industrial output and the investment funneled into computers and software. These PLC systems have traditionally been the foundation of process and discrete factory automation. The growing adoption of Industry 4.0 across the industrial verticals has augmented the market studied. A significant growth indicator for PLCs in the discrete-manufacturing sectors is the amplified deployment of robots across the automotive manufacturing, electrical, and electronics industries.
• The industrial robot market has witnessed a massive demand during the past decade owing to the rising adoption of smart factory systems. These robots play a vital part. For Instance, In June 2022, Realtime Robotics, one of the leaders in autonomous motion planning for industrial robots using PLC, announced a collaboration with Mitsubishi Electric Automation, Inc., a leader in automation, to accelerate industrial robot programming and control with PLC and with innovative motion control and collision avoidance software.
• The rising need for mitigating the manufacturing cost and penetration of machine-to-machine (M2M) technologies are encouraging the adoption of automation in the United Kingdom, which is likely to boost the usage of PLC, thereby fueling market growth.
• Germany is one of the largest producers and exporters of chemicals in the world. Automating manufacturing processes is gaining high traction in the country. PLC helps in deducing complex algorithms and enhancing performance in the sector, thus, driving the market.
• PLCs are limited by the resources, such as memory, CPU and communication bandwidth, which may affect program performance and quality which might hamper the market growth
• Additionally, the COVID-19 pandemic affected establishment of new factories and plants in the European region that served the market. However, it is anticipated that the same will start up again and continue to provide market support. Moreover, in the post-pandemic period, the PLC market has witnessed buoyant demand because most European manufacturing companies are moving towards automation, and PLCs are easy to install and troubleshoot.