Programmable Logic Controller (PLC) Market Share

Market Share of Programmable Logic Controller (PLC) Industry

The programmable logic controller (PLC) market is moderately fragmented, with major players such as ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation Inc., and Siemens AG. Players in the market are adopting strategies like partnerships, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

• December 2023: Mitsubishi Electric launched a new IIoT-ready high-performance PLC. The latest MELSEC FX5S PLC is designed to support businesses on their digital transformation journey, offering a cost-effective, easy-to-use control solution. The newest addition to the MELSEC iQ-F series of compact, high-performance PLCs is ideal for simple, straightforward food, beverage, water, and machining applications. It offers Industrial Internet of Things (IIoT) functions for practical, entry-level industrial automation applications.
• July 2023: Siemens launched a complete virtual programmable logic controller. The Simatic S7-1500V expands the company's existing Simatic portfolio to special market requirements, including virtual hosting of PLC computing. According to the company, Simatic S7-1500V is part of Industrial Operations X, which consistently focuses on integrating IT and software capabilities into the automation landscape.

Programmable Logic Controller (PLC) Market Leaders

1. ABB Ltd.

2. Mitsubishi Electric Corporation

3. Schneider Electric SE

4. Rockwell Automation, Inc.

5. Siemens AG

*Disclaimer: Major Players sorted in no particular order