Programmable Logic Controller Market Demand Forecasts to 2033
The global programmable logic controller (PLC) market size was worth around USD 11.69 Billion in 2023 and is predicted to grow to around USD 17.88 Billion by 2033 with a compound annual growth rate (CAGR) of 4.34% between 2023 and 2033. The PLC market is driven by growing industrial automation, convergence of Industry 4.0 and IoT, growing demand in energy and utilities, technological developments in PLC, cost-effectiveness, regulatory aspects, and growing adoption in emerging markets, enhancing operational efficiency.