PROGRAMMABLE LOGIC CONTROLLER MARKET ANALYSIS

Programmable Logic Controller Market, By Programming Language (Ladder Logic, Text-Based Programming, and Function Block Programming), By Size (Micro PLCs, Mini PLCs, Modular PLCs, Compact PLCs, and Large PLCs), By Industry Vertical (Automotive, Chemical & Petrochemical, Paper & Pulp, Energy & Utilities, Food & Beverages, Oil & Gas , and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

In December 2023, Mitsubishi Electric an electronics company, announced the establishment of a new factory in India for the manufacturing of Factory Automation Control System Products, including PLCs. Additionally, Mitsubishi Electric launched MELSEC FX5S PLC, a high-performance, IIoT-ready controller designed for digital transformation in simple applications such as food, beverage, water, and machining. This PLC is part of the MELSEC iQ-F series, offering cost-effective and easy-to-use control solutions.
In July 2023, Siemens a technology company, introduced Simatic S7-1500V, a virtual programmable logic controller, expanding its Simatic portfolio to meet specific market requirements including virtual hosting of PLC computing. This launch is part of Siemens' Industrial Operations X initiative, which focuses on integrating IT and software capabilities into the automation landscape.
In December 2022, Crouzet a mechatronic components manufacturer launched the Millennium Slim, the slimmest programmable logic controller on the market, measuring just 17.5 mm in width
In March 2020, ABB Ltd., in collaboration with B&R Industrial Automation, launched fully integrated machine-centric robotics solutions. This partnership provides comprehensive software and hardware solutions, encompassing control, sensing and analytics, robotics, actuation, and electrification.