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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..

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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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Meet With Culture: Exquisite Craftsmanship of Traditional Chinese Architecture

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December 22, 2024

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BEIJING, Dec. 22, 2024 /PRNewswire/ — The Temple of Agriculture in Beijing played a significant role during the Ming (1368-1644) and Qing (1644-1911) dynasties. Over nearly 600 years, 25 emperors personally visited or sent ministers to perform spring farming ceremonies and offer sacrifices to Shennong, the god of agriculture.

 

Built in 1420 during the Yongle reign, the temple’s predecessor was the Temple of Mountains and Rivers in Nanjing. When Emperor Zhu Di moved the Ming capital to Beijing, he constructed a larger temple inspired by the Nanjing temple, which gradually evolved into the Temple of Agriculture.

The Taisui Hall, the largest building complex in the temple, now serves as a major exhibition hall of the Beijing Ancient Architecture Museum, showcasing models of classical Chinese buildings and demonstrating the solemnity of royal architecture.

Ancient Chinese architecture is predominantly wooden-structured, chosen for its availability, versatility, and earthquake resistance. Artisans developed sophisticated techniques in material selection and construction. The wooden framework consists of columns, beams, girders, and purlins, with innovative structural forms like lifting-beam and piercing-bracket structures.

A unique architectural element is the dougong (bracket sets), which supports weight and connects beam frames with column walls. Mortise-tenon joints were invented to create elastic frameworks by connecting different components.

While discussing the Temple of Agriculture, it’s worth noting another remarkable example of architectural hierarchy which could be found in the Temple of Heaven. The hierarchy of architectural designs reflected social stratification, with eave structures like the triple-layered eaves of the Hall of Prayer for Good Harvest representing the highest-level architectural design.

Over centuries, the Temple of Agriculture has transformed from an imperial garden to a public park and a museum for historical architecture, now standing as a significant cultural landmark that symbolizes China’s agricultural civilization and architectural heritage along Beijing’s Central Axis.

Quickly join Alexandre to study and explore the traditional Chinese architecture.
https://youtu.be/YpA03WiZ9Wc

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SOURCE China International Communications Group

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Second Opinion Expert Announces Filing of U.S. Patent for Method of Generating Medical Opinions Using Artificial Intelligence

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December 22, 2024

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Patent leverages AI technology to improve patient outcomes and reduce cost of care

DANA POINT, Calif., Dec. 22, 2024 /PRNewswire-PRWeb/ — SecondOpinionExpert, Inc. (SOE), a leading healthcare technology company, announced today that it has filed patent application 133902-0002UT01 with the United States Patent and Trademark Office entitled “Method and Apparatus for Generating Automated Medical Opinions Using Artificial Intelligence.” The patent covers the company’s proprietary system that communicates a medical opinion to a user based on a trained model that uses artificial intelligence (AI) or machine learning (ML).

“In the near future, we’ll launch our free app, enabling users to access high-quality medical opinions. This innovative app empowers individuals with insightful medical guidance that improves health and saves lives,” said Steve Krause, President of SecondOpinionExpert, Inc.”

Medical second opinions have traditionally been obtained by seeking out another healthcare professional who reviews the patient’s medical records, diagnoses, and tests. However, the rapidly increasing complexity of medical information, the demand for faster turnaround times, and the limitations of human expert availability have created a need for automated systems that utilize AI to generate both first and second medical opinions.

Artificial intelligence has made significant strides in medical diagnostics, including image recognition, predictive modeling, and natural language processing (NLP). These advancements present an opportunity to augment traditional second opinion systems by automatically processing patient medical records, diagnostic tests, and clinical data to generate high-quality first and second medical opinions.

SecondOpinionExpert’s technology increases the quality and efficiency of healthcare delivery, improves healthcare access and empowers doctors and patients to make better informed medical decisions. The HIPAA-compliant patented platform leverages recent advancements in artificial intelligence, machine learning and electronic medical record systems enabling the company to provide fast, reliable and secure online medical opinions. The system provides patients greater peace of mind by leveraging the power of AI and ML.

“Our patent-pending AI enabled technology platform provides a cost-effective choice that improves patient care,” said Steve Krause, President, SecondOpinionExpert, Inc. “In the near future, we look forward to launching our user-friendly app that will be initially free of charge. People using our platform will be able to quickly obtain high quality medical opinions while avoiding unnecessary travel time and expense, knowing that they will be getting insightful medical guidance that improves health and saves lives.”

About SecondOpinionExpert

SOE’s mission is to provide innovative medical technology solutions to improve healthcare while reducing costs.

Our patented HIPAA-compliant platform leverages recent advancements in artificial intelligence, machine learning and electronic medical record systems, enabling the company to provide fast, reliable and secure online medical opinions to inform both diagnosis and treatment planning. We empower patients, providers and payors to work together to make the best possible medical decisions, leading to better health outcomes and greater peace of mind for patients. SOE’s panel of 400+ board-certified medical specialists are available to render expert opinions informed as needed by AI and genomics.

SOE also owns and/or manages a rapidly growing network of facilities for post-acute care and substance treatment. Our proprietary platform for Electronic Medical Records (EMR) empowers best practices in administration and medical services.

Our proprietary TeleMedics Mobile Platform empowers and chronicles on-site visits from qualified medics or nurses. Mobile staff provide the human connection, capturing vitals and doing diagnostics and therapeutics, with the patient’s doctor participating as needed through live video. We work with our affiliate Intra Care, Inc. to provide superior home health and hospice care. We provide Remote Patient Monitoring (RPM) delivered through a strategic relationship with KangarooHealth, in-home respirators delivered and monitored by SOE affiliate Momentum Equipment and Pandemic Response through our MaxVax solution.

Additional information can be found at SOE.CARE

Media Contact

Jay Kilberg, Second Opinion Expert, Inc., 1 917.543.6285, jay.kilberg@soe.care, https://soe.care

Facebook, LinkedIn

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SOURCE Second Opinion Expert, Inc.

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The 6th “My China Story” International Short Video Competition Award Ceremony Held in Harbin

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December 22, 2024

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HARBIN, China, Dec. 22, 2024 /PRNewswire/ — The 6th “My China Story” International Short Video Competition Award Ceremony was held in Harbin, northeast China’s Heilongjiang Province on December 19, 2024.

Du Zhanyuan, member of the Standing Committee of the 14th National Committee of the Chinese People’s Political Consultative Conference and president of China International Communications Group, and He Liangjun, member of the Standing Committee of the Heilongjiang Provincial Committee of the Communist Party of China (CPC) and director of the Publicity Department of the CPC Heilongjiang Provincial Committee, addressed the ceremony respectively. Lan Feng, member of the Standing Committee of the CPC Harbin Municipal Committee and director of the Publicity Department of the CPC Harbin Municipal Committee, attended the event. The ceremony was also attended by 300 other people from home and abroad, including Chinese and international video creators, experts, judges, and representatives from the publicity departments at different levels across the country, as well as representatives from various corporations.

For this year, the competition received a total of 59,559 videos from more than 130 countries and regions around the globe. After three rounds of strict comparison and appraisal by more than 30 professional Chinese and international judges from the fields of media, film and television, Internet, and international communication, 112 pieces of all videos finally won awards in different categories.

Heilongjiang, the northernmost and easternmost province of China, boasts a long history and rich culture. Harbin, the capital city of Heilongjiang Province, is famous for its local culture, music, art and architecture of Chinese and Western integrated styles as well as its openness and inclusiveness, making the city a unique source of inspiration to tell China stories to the world.

Under the theme of “Heaven of Ice and Snow, City of Charm and Vigor”, this year’s competition highlights the feature of the host city Harbin, attracting a lot of participants to make videos surrounding the topic. From the perspective of international creators, these short videos together present a dynamic Harbin and a charming Heilongjiang, as well as show a real China to the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-6th-my-china-story-international-short-video-competition-award-ceremony-held-in-harbin-302337936.html

SOURCE “My China Story” International Short Video Competition Organizing Committee

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