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Micro Programmable Logic Controller (PLC) Market to Grow by USD 2.37 Billion from 2024-2028, Driven by Demand for Compact Automation and AI Trends

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NEW YORK, Sept. 30, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global micro programmable logic controller (PLC) market size is estimated to grow by USD 2.37 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.08%  during the forecast period. Increasing demand for compact automation solutions is driving market growth, with a trend towards expanding capabilities of micro PLCs  However, growing cybersecurity concerns  poses a challenge. Key market players include ABB Ltd., Advantech Co. Ltd., Beckhoff Automation, Beijer Electronics Group AB, Eaton Corp. Plc, Festo SE and Co. KG, Fuji Electric Co. Ltd., Hitachi Ltd., Honeywell International Inc., IDEC Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Parker Hannifin Corp., Robert Bosch Stiftung GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Yaskawa Electric Corp..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Micro Programmable Logic Controller (Plc) Market Scope

Report Coverage

Details

Base year

2023

Historic period

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.08%

Market growth 2024-2028

USD 2371.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.49

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 38%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

ABB Ltd., Advantech Co. Ltd., Beckhoff Automation, Beijer Electronics Group AB, Eaton Corp. Plc, Festo SE and Co. KG, Fuji Electric Co. Ltd., Hitachi Ltd., Honeywell International Inc., IDEC Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Parker Hannifin Corp., Robert Bosch Stiftung GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Yaskawa Electric Corp.

Market Driver

Micro Programmable Logic Controllers (PLCs) have gained significant traction in process and discrete industries due to their flexibility, ease of use, communication capabilities, and cost-effectiveness compared to traditional PLCs. Initially designed for controlling small machinery with basic serial communication, micro PLCs have evolved with technological advances to manage large machines and support multiple communication protocols. Vendors have expanded micro PLC offerings with high-speed communication capabilities, larger program memory, and additional features to enhance their functionality. These developments position micro PLCs as a cost-effective option for various process control applications, including data logging, in both process and discrete industries. The market for micro PLCs is expected to grow substantially due to these product enhancements and the increasing demand for compact, efficient, and affordable automation solutions. 

The Programmable Logic Controller (PLC) market is thriving, with key trends including Micro PLC and Nano PLC for miniaturization in various industries. Fixed, Modular PLCs cater to industrial purposes in sectors like Oil & Gas, Power, and Steel. Programming tools, simulation, and motion control are essential for efficient operation. Redundancy software ensures reliability in Robotics and Assembly lines. Input devices, Human Machine Interface, and IIoT-connected devices enhance productivity. The Automotive, Technology, and Energy sectors leverage PLCs for Industrial Automation. Hardware, Services, and Software segments offer solutions for Industrial processes, AI, IoT, Edge computing, and Energy-efficient solutions. Building automation, HVAC systems, and lighting systems also benefit from PLC technology. The Offering segment continues to grow, driven by the demand for advanced PLCs in diverse industries. 

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Market Challenges

Micro Programmable Logic Controllers (PLCs) are essential components of automation solutions in various industries, enhancing productivity and efficiency. However, the increasing use of connected devices and web-based communication in industrial processes has heightened the risk of cyberattacks. Critical infrastructure sectors, such as oil and gas, power, and water and wastewater, are particularly vulnerable. Cybercriminals can exploit these networks to gain unauthorized access to sensitive data, leading to operational failures or data manipulation. The oil and gas industry, for instance, faces significant risks as data breaches can halt operations and result in financial or intellectual losses. Vendors offer defensive measures, such as anti-malware, to secure data. However, these solutions may not be foolproof. An attack on one system can compromise the entire network, potentially affecting multiple interlinked systems. Therefore, the growing cybersecurity threats pose a significant challenge to the growth of the global micro PLC market.The Micro Programmable Logic Controller (PLC) market is witnessing significant growth in various industries, including automotives, technology, steel, power, food and beverages, and oil & gas. Industrial automation is a key driver, with PLCs playing a crucial role in managing industrial processes. The automotive sector is adopting PLCs for engine control, transmission control, and fuel injection systems. In the technology sector, the integration of artificial intelligence and Internet of Things (IoT) is driving demand for PLCs in IoT-connected devices, edge computing, and energy-efficient solutions. The hardware segment, particularly miniaturized PLCs, is gaining popularity due to their compact size and energy efficiency. The offering segment includes services, software, and hardware, with software solutions providing human machine interface and programming capabilities. The power industry, building automation, home automation, and lighting, HVAC, and security systems are other major applications.

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Segment Overview

This micro programmable logic controller (plc) market report extensively covers market segmentation by

End-user 1.1 Automotive industry1.2 Oil and gas industry1.3 Power industry1.4 Food and beverage industry1.5 OthersProduct 2.1 Hardware2.2 Software2.3 ServicesGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Automotive industry-  The automotive industry is a significant market for micro programmable logic controllers (PLCs), as they facilitate the control of multiple machinery used in manufacturing processes. Micro PLCs serve as a crucial link between various manufacturing stages, including design, analysis, inventory management, and distribution. In the automotive sector, micro PLCs ensure precise control over manufacturing processes, optimizing process parameters and device functionality. Despite a decline in the automotive industry’s growth due to the COVID-19 pandemic and reduced capital expenditure (CAPEX) in 2020, the market for micro PLCs in this sector is poised for recovery. Technavio anticipates that the shift towards smart factories and increased investments, particularly in APAC countries like India, Indonesia, and Japan, will drive substantial growth in the micro PLC market for the automotive industry during the forecast period.

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Research Analysis

Micro Programmable Logic Controllers (PLCs), also known as Nano PLCs, are compact automation solutions designed for industrial purposes. These advanced devices offer functionality similar to traditional Fixed, Modular PLCs but in a smaller form factor. Micro PLCs are gaining popularity in various sectors including automotives, technology, steel, power, oil & gas, energy, and more. With the integration of Artificial Intelligence (AI) and Internet of Things (IoT), Micro PLCs have become smarter, enabling predictive maintenance and real-time data analysis. The hardware segment of the Micro PLC market is witnessing significant growth due to miniaturization and increasing demand for compact automation solutions. Industrial automation applications, Human Machine Interface (HMI) integration, and ease of programming are other key factors driving the market growth.

Market Research Overview

Micro Programmable Logic Controllers (PLCs), also known as Nano PLCs, are compact and cost-effective automation solutions for industrial applications. They offer the functionality of traditional Fixed, Modular PLCs in a smaller form factor, making them ideal for space-constrained environments. Micro PLCs are widely used in various sectors including Oil and Gas, Power, and Automotive, among others. They support programming tools, simulation, motion control, redundancy software, robotics, and various input devices. Industries like Steel, Power, Food and Beverages, and Energy rely on Micro PLCs for automating assembly lines, industrial robots, and various industrial processes. With the advent of technology, Micro PLCs are being integrated with Artificial Intelligence, Internet of Things (IoT), and Edge Computing to offer energy-efficient solutions and real-time monitoring capabilities. The market for Micro PLCs includes hardware, services, and software offerings, catering to the needs of diverse industries. Applications range from HVAC systems, lighting systems, security systems, engine control, transmission control, fuel injection, and more. The Miniaturization trend in PLCs is leading to the development of IoT-connected devices and IIoT solutions, further expanding their application base.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userAutomotive IndustryOil And Gas IndustryPower IndustryFood And Beverage IndustryOthersProductHardwareSoftwareServicesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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KIWI design Black Friday & Cyber Monday: 50% OFF Meta Quest 3/3S Accessories!

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LOS ANGELES, Nov. 21, 2024 /PRNewswire/ — The biggest shopping season of the year is here! KIWI design offers incredible discounts of up to 50% on Amazon and the official website. Upgrade your VR setup for the best price and dive into a more immersive VR experience!

Two Choices to Meet Every Player’s Needs: Elite & Halo Battery Head Straps

Whether you’re a hardcore gamer or a casual explorer, KIWI design has you covered with the K4 Boost Battery Head Strap and H4 Boost Halo Battery Strap. Find the perfect fit for your play style!

Industry-Leading DualFast Technology

Both straps feature KIWI design’s DualFast Technology, allowing you to charge the strap and your Meta Quest 3 or Quest 3S at the same time. Get from 0% to 100% in just 2.5 hours!

UL2056 Certified: Meets global safety standards for reliable performance.Flame-Retardant Materials: Made with UL 94 V-0 grade plastic for heat and fire resistance.Multiple Protection Mechanisms: Built-in safeguards against overcurrent and overcharging for safer and more efficient charging.

K4 Boost Battery Head Strap

Designed for Hardcore VR Players: The Top Choice for Immersive GameplayKey Features:Sturdy support to keep the headset stable during fast-paced gameplay, preventing focus loss or strap slipping.Best For: Players seeking unmatched stability and immersion.

H4 Boost Halo Battery Strap

Designed for Casual Players: The ultimate choice for comfort and ease of use.Key Features:Unique 3-point adjustable structure to evenly distribute weight, significantly reducing pressure on your face.Innovative Joeypad Design: Replaces the traditional solid structure with a unique hollow design, preventing heat buildup in the head strap, so you stay cool and comfortable even during extended use.Sleek hidden knob design for simple adjustments and a clean look.Best For: Players who prioritize comfort and convenience.

No matter your play style, KIWI design has the perfect solution for you. With cutting-edge design and advanced technology, we’re redefining what it means to have a comfortable and functional VR head strap.

V4 Ventilation Facial Interface

Stay cool while playing with over 20 L-shaped ventilation holes that ensure continuous airflow to prevent overheating and lens fogging. Plus, it blocks out light for total immersion.

G4 Pro Performance Controller Grips

Built on KIWI design’s proven stability from Quest 1 onwards, keep your controllers secure during intense VR gaming.

These accessories are the perfect addition to your VR setup, delivering top-notch performance, comfort, and reliability.

Shopping Details

Event Dates:
November 22, 2024December 2, 2024Where to Shop:AmazonKIWI design Official Website

Don’t miss out on these amazing deals this shopping season! Head over to KIWI design now to discover high-quality VR accessories designed just for players like you.

Shop Now! Upgrade your gear and step into the immersive future!

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SOURCE KIWI design

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ACEFIT PRO: Night Safety Meets Transparent Listening Experience

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SHENZHEN, China, Nov. 21, 2024 /PRNewswire/ — Emerging consumer electronics brand ACEFAST has officially launched their pre-order campaign on November 21 with their latest transparent design ultra-thin open-ear headphones, ACEFIT Pro.

The new ACEFAST open-ear headphones combine transparent design, powerful sound, and innovative smart features, offering long-lasting battery life, high comfort, and enhance night-time safety. This showcases the brand’s “New audiovisual experience” philosophy.

ACEFIT Pro: All-New Open-Ear

Continuing the classic design, the ACEFIT Pro retains the classic crystal transparent series in its open-ear headphones design. Featuring a transparent charging case and the 3D embossed numeric display on the charging box. Additionally, the charging case features a smooth, curved design with a high-level G2 curvature, creating a visually fluid and elegant look, with a thickness of only 10mm at its thinnest point, making it lighter and thinner overall.

Night Safety Mode

A key highlight of the ACEFIT Pro is the groundbreaking Night Safety Mode. Featuring a matrix of 40 breathing lights around the ear area. The soft light effect provides visual cues in the dark, increasing safety. Additionally, the exclusive app allows users to customize lighting effects, offering 8 different lighting settings for the charging case to meet individual preferences and enhance interactive experiences.

Comfort-Focused Design

The non-in-ear comfort design provides a soft, secure grip with liquid silicone, and the ear hooks are as thin as 0.7mm, made from aviation-grade titanium wire. This makes them suitable for all ear shapes, especially for those who wear glasses. The lightweight design, with each headphone weighing only 7.8g, ensures a comfortable, secure, and snug fit.

Innovative Technology

The ACEFIT Pro is packed with innovative technologies to meet users’ demands for high-quality sound, and support Hi-Res Audio. The ACEFIT Pro is features an open sound leakage prevention design and a 3 magnetic super-linear speaker, which is the first compact speaker on the market with a 0.5mm max high amplitude. The custom driver, utilizes proprietary technology to increase the effective diaphragm amplitude, delivering high volume with low distortion, resulting in clearer and fuller sound.

Additionally, AELC™ Bass enhanced technology and super-linear speaker units provide adaptive bass compensation, delivering rich sound details and deep bass, perfectly recreating the nuances of music.

Pre-Order on Kickstarter

The ACEFIT Pro is now available for pre-order, subscribe and join in our Facebook group. The first 600 backers can secure it for an exclusive discounted price of $99 (40% OFF) by paying a $9.9 deposit. After the crowdfunding campaign ends, ACEFIT Pro will be available for purchase on acefastmall.com and through retail partners such as Amazon.

About ACEFAST

Founded in 2021, ACEFAST is a global consumer electronics brand with a core team of 15 years of experience in the audio industry. The company specializes in the research, design, and sales of smart electronic products. ACEFAST’s products are sold worldwide through global e-commerce and trade channels. The brand follows the “New audiovisual experience” philosophy, striving to provide high-quality, affordable smart products to consumers worldwide through technological innovation and stylish design.

For more information, please contact:

Media Contact:
Name: Acefast PR Team
Email: pr@acefast.com
Company: Shenzhen Houshuxia Technology Co., Ltd.

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SOURCE ACEFAST

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TELUS Mental Health Index: Mental health of workers in Australia hits four-year low, costing businesses up to 69 workdays of productivity annually per employee

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New data reveals younger workers and those without savings face the highest mental
health risks, while strong employer support can halve productivity losses

SYDNEY, Nov. 22, 2024 /PRNewswire/ — Today, TELUS Health released its TELUS Mental Health Index (“the Index”) with reports that examine the mental health of employed people in Australia, Singapore, New Zealand, the United Kingdom, the United States, Canada and Europe. The Australian report reveals that the mental health of workers in Australia has hit a four-year low, costing businesses up to 69 workdays of productivity annually per employee. The Index also found that younger workers and those without savings face the highest mental health risks, while strong employer support can halve productivity losses.

“With mental health scores at an all-time low nationwide, it’s essential to understand the significant impact on productivity. A workforce that isn’t thriving can’t drive a business to its full potential,” said Paula Allen, Global Leader, Research & Client Insights, TELUS Health. “We know that mental health and wellbeing can improve or decline over time, and that the support available makes a big difference in improvement. As employees increasingly look to their employers for comprehensive support—whether financial, physical, or mental—all of which are essential to their overall wellbeing- the opportunity for employers to make a meaningful impact with the services they offer, increases.”

The TELUS Mental Health Index also found:

Anxiety and isolation are the biggest mental health challenges for workers in Australia.Workers in Public Administration (68.4), Wholesale Trade (66.5) and Technology (65.2) have the highest mental health scores compared to other sectors. Younger workers (under 40) are more than twice as likely as workers over 50 to report being diagnosed with anxiety and depression.Workers without emergency savings are three times more likely to be diagnosed with anxiety and depression, with mental health scores 30 points lower than those with savings.Workers rating their employer’s physical wellbeing support as excellent have better mental health and lose fewer workdays compared to those rating it poorly.

“The mental health challenges facing workers in Australia, particularly among younger employees and those without financial safety nets, are concerning. It’s clear that isolation, anxiety and economic pressures are taking a toll,” said Jamie MacLennan, Senior Vice-president and Managing Director of APAC, TELUS Health. “However, our findings also reveal a significant opportunity for employers. By investing in robust programs addressing physical, mental as well as financial wellbeing, and fostering a supportive work environment, businesses can not only improve their employees’ mental health but also substantially boost productivity and overall organisational performance.”

In September 2024, the mental health scores of workers in various regions were:

Australia: 61.1New Zealand: 59.7Singapore: 61.6United Kingdom: 70.6Europe: 61.6United States: 70.6Canada: 64.4

The TELUS Mental Health Index is based on a response scoring system that then turns individual responses into point values. Higher point values are associated with better mental health and less mental health risk. Scores between 0 to 49 correspond with distress levels, scores between 50 to 79 correspond with strain levels and scores between 80 to 100 correspond with optimal levels of mental health.

This TELUS Mental Health Index includes additional findings on physical health, diet and experiences with the healthcare system. As a company rooted in social purpose, TELUS Health is committed to improving health outcomes and sharing valuable insights. Read the full Australian TELUS Mental Health Index here.

Note to Editors
For further information on the TELUS Mental Health Index, or to find out more about the methodology, please refer to the MHI Australia update.

About the TELUS Mental Health Index
The data for the TELUS Health Mental Health Index was collected through an online survey from September 17 to September 30, 2024 with 1,000 respondents. All respondents reside in Australia and were employed within the last six months. The data has been statistically weighted to ensure the regional and gender composition of the sample reflects this population.

About TELUS Health
TELUS Health is on a mission to become the most trusted wellbeing company in the world by enhancing the overall efficiency of healthcare and championing workplace wellbeing. By integrating advanced healthcare technology with comprehensive employee support services, TELUS Health provides a holistic approach to primary and preventive health and wellbeing for over 76 million people across 160 countries. Our innovative digital health platforms, including electronic medical records (EMRs) and virtual care solutions, empower healthcare professionals, employers and governments to deliver personalised care efficiently. Our employee wellbeing programs empower individuals by offering extensive support through Employee Assistance Programs (EAPs), mental health resources, financial counselling, and workplace wellness initiatives. At TELUS Health, we are committed to revolutionising healthcare to ensure people receive the support they need and employees thrive both personally and professionally. Together, let’s make the future friendly. For more information, visit: www.telushealth.com.

Media Contact:
The PR Group
telushealth@prgroup.com.au 

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SOURCE TELUS Health; TELUS Communications Inc.

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