The major producers in the global PLC market include Siemens, Mitsubishi Electric, Omron, Schneider, ABB, and others. In terms of market share, several major PLC players still dominate the market. According to statistics, the PLC manufacturer with the highest market share in 2023 is Siemens, with a market share of about 40%. Revenue in 2023 will be 77.8 billion euros, an increase of 11 percentage points compared to 2022. Other major PLC vendors include Rockwell Automation, Omron, Schneider Electric, etc., which have a significant share of the market.
However, as the market continues to change, some new PLC manufacturers are gradually emerging. These companies are gradually gaining a foothold in the market through technological innovation and product differentiation. At the same time, some traditional PLC manufacturers are also constantly upgrading technology and innovating products to maintain their competitiveness in the market. Different PLC manufacturers have launched their own products and services for different application fields and market needs.
With the continuous development of the field of industrial automation and the increasing demand for applications, the PLC market will continue to maintain a stable development trend. Among them, the scale of China's PLC market has also expanded accordingly, mainly due to the upgrading of the manufacturing industry and the development of high-end equipment, as well as Industry 40 times push.
According to the industry assessment, it is expected that by 2023, the size of China's PLC market will reach 165400 million yuan, of which the market size of small PLC and medium and large PLC is 80 respectively7.2 billion yuan, 846.8 billion yuan. This market has continued to grow in recent years, and it is expected that the market size will further expand in the future due to the impact of factors such as the application of new technologies, system openness, and **.
Today, according to public information, the revenue data and related growth rates of the top 10 domestic companies in terms of gross profit of PLC stocks in 2023 are listed. Let everyone have an in-depth understanding of the financial status of these domestic enterprises with great influence in the field of global industrial control PLC, as well as the scientific research of related representative products.
Delta's operating income for the third quarter was NT$1,4245.2 billion yuan (about 4.6 billionUS$400 million), operating profit of 22400 million yuan. In 2023, Delta's PLC market revenue will perform well in the field of industrial automation and achieve rapid growth, thanks to the excellent performance of Delta's PLC in digital operation and its wide application in industrial automation machinery.
Delta's significant revenue growth in the third quarter was mainly due to the strong performance of its electric vehicle division and the steady development of its PLC product line. With the continuous advancement of industrial automation and intelligent manufacturing, Delta's position in the PLC market is expected to be further consolidated, and its revenue is expected to continue to grow.
Delta has a wide range of PLC product lines, including DVP series, AH500, AS series, etc. Among them, the DVP series programmable controller is used in many industrial automation machinery with high speed, robustness and high reliability, and has the characteristics of efficient and fast computing and processing capabilities, diversified peripheral expansion and rich instruction sets.
The AH500 series modular controllers provide automation system solutions for high-end applications and feature high-performance general-purpose controllers. The AS Series PLC is a high-performance general-purpose controller designed for automation equipment, using Delta's self-developed 32-bit SoC CPU, which greatly improves performance and has powerful positioning control functions.
Inovance's revenue performance in the first half of 2023 was particularly outstanding, with the company achieving revenue of 20.1 billion yuan in the third quarter. Among them, the half-year revenue of PLC business was 78.5 billion yuan, a year-on-year increase of 170%。The growth of this data is mainly due to the company's business growth in downstream industries such as photovoltaics, energy storage, chemicals, automobiles, and semiconductors, as well as the continuous layout of products such as "optical, mechanical, electrical, liquid, and gas".
At the same time, Inovance has a number of representative products in the field of PLC. Among them, the company's general inverter revenue reached 2.2 billion yuan, a year-on-year increase of 157%；Universal servo revenue is 290 billion yuan, a year-on-year increase of 247%。Both products achieved year-over-year growth of more than 15% in the first half of the year.
In addition, the company's PLC&HMI revenue also reached 78.5 billion yuan, a year-on-year increase of 170%。In the context of the expected recovery of the manufacturing industry, the growth rate of these products is expected to rise further in the second half of the year. It is estimated that the company's revenue from 2023 to 2025 will be 100 million yuan;The net profit attributable to the parent company was respectively. 800 million yuan.
There are two main reasons for the negative revenue of Shanghai Belling in the third quarter of 2023. First, the global integrated circuit industry as a whole is at a low level, and the market demand needs to be recovered. At the same time, the global semiconductor market is expected to show 10A 3% decline. This phenomenon is reflected in Shanghai Belling, which is facing greater market pressure.
Second, Shanghai Belling chose to increase the research and development of automotive and industrial control products in the first three quarters, resulting in a year-on-year increase of 47% in the company's research and development expenses. Although the company tried to respond to market changes and seek new growth increments by increasing R&D investment, this also further compressed its profitability.
Shuangjie Electric's cumulative total revenue in the third quarter of 2023 is 255 billion yuan, a year-on-year increase of 7448%。Net profit attributable to parent company (1.)0.4 billion yuan, a year-on-year increase of 22789%。Shuangjie Electric is a high-tech enterprise focusing on the field of industrial automation, and its PLC representative products include: 1. SJ-200 series: This series of PLC adopts modular design, has rich IO interfaces and communication interfaces, supports a variety of programming languages and development environments, and can be widely used in various industrial automation control fields. 2.SJ-300 series: This series of PLCs adopts high-performance processors and high-speed communication technology, which has the characteristics of high speed, high precision, high reliability and ease of use, and is suitable for high-end equipment manufacturing, intelligent manufacturing and other fields. 3.SJ-500 series: This series of PLC adopts the latest control technology and algorithms, has strong data processing and logic control capabilities, can realize complex production process control and equipment control, and is suitable for energy, electric power, chemical industry and other fields.
The significant increase in revenue and profit growth rate in the third quarter of 2023 is mainly due to the rapid development of the power industry, and the growing demand of the market in which Shuangjie Electric is located. With its technical advantages and product quality, the company has obtained more orders, thus achieving revenue growth.
At the same time, Shuangjie Electric has been committed to product development and innovation, and constantly introduces new products that meet market demand. These new products not only improve the company's competitiveness, but also further drive revenue growth. While consolidating the original customer base, the company actively expands new sales channels and expands the market share of its products. This also contributes to higher revenue and profit growth rates.