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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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Ricoh Asia Pacific Establishes Malaysia Hub for Digital Transformation

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KUALA LUMPUR, Malaysia, Oct. 1, 2024 /PRNewswire/ — Ricoh Asia Pacific today announced the official opening of Ricoh Business Services Asia Pacific (RBS) in Malaysia, marking a significant milestone in the company’s transformation journey and commitment to operational excellence across the Asia-Pacific region. The new RBS entity will serve as a central hub for Ricoh’s shared services, accelerating transformation efforts and enhancing the quality of services offered to customers and stakeholders alike.

Malaysia was chosen as the base for RBS due to its strategic location at the heart of Southeast Asia, providing excellent connectivity to key regional markets. Additionally, Malaysia offers a robust infrastructure and a highly skilled workforce, making it an ideal environment for RBS’s operations. These factors, combined with supportive government policies that encourage foreign investment, make Malaysia a compelling destination for multinational companies like Ricoh.

Malaysia offers a unique combination of strategic advantages, from its geographical location to its deep talent pool,” said Masayuki Mori, President of Ricoh Business Services. “This investment reflects our confidence in Malaysia’s potential and is critical to achieving our regional goals.”

The establishment of RBS will enable Ricoh to centralise essential functions such as IT, finance, HR, and supply chain management, allowing for streamlined processes and improved efficiency across the region. By consolidating these operations, Ricoh will reduce costs and drive greater value for both the company and its customers. This centralised approach will support Ricoh’s long-term growth ambitions and help maximise return on investment across its APAC operations.

In addition to operational efficiency, RBS will have a positive impact on the local economy by creating skilled jobs and providing development opportunities for Malaysian professionals. Ricoh is committed to fostering local talent through training programs and regional collaboration initiatives, contributing to both the professional growth of employees and the economic development of Malaysia. This investment highlights Ricoh’s broader vision of empowering its people and driving innovation throughout the region.

“This is just the beginning of an exciting journey,” Mori added. “With RBS at the heart of our operations, we are well-positioned to become the most trusted digital transformation and workplace service partner in the region. We look forward to building a future where innovation and operational excellence lead the way for Ricoh, our employees, and our customers.”

About Ricoh

Ricoh is a leading provider of integrated digital services and print and imaging solutions designed to support the digital transformation of workplaces, workspaces and optimise business performance.

Headquartered in Tokyo, Ricoh’s global operation reaches customers in approximately 200 countries and regions, supported by cultivated knowledge, technologies, and organisational capabilities nurtured over its 85-year history. In the financial year ended March 2024, Ricoh Group had worldwide sales of 2,348 billion yen (approx. 15.5 billion USD).

It is Ricoh’s mission and vision to empower individuals to find ‘Fulfillment through Work’ by understanding and transforming how people work so we can unleash their potential and creativity to realise a sustainable future.

For further information, please visit www.ricoh.com

© 2024 RICOH ASIA PACIFIC PTE LTD. All rights reserved. All referenced product names are the trademarks of their respective companies.

 

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SOURCE Ricoh Asia Pacific Pte Ltd

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Wondershare Filmora 14 Revolutionizes Video Editing with Advanced AI Features

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VANCOUVER, BC, Oct. 1, 2024 /PRNewswire/ — Wondershare, a global leader in creativity software solutions, is announcing the launch of Filmora 14, the latest iteration of its award-winning video editing software. With the slogan “More AI, Videos in Less Clicks”, this major update introduces groundbreaking AI features that streamline the video creation process for content creators of all skill levels. Filmora 14 harnesses the power of artificial intelligence (AI) to enhance productivity and creativity in video editing. 

The new version introduces an innovative Smart Short Clips feature, enabling one-click automatic extraction and editing of highlight reels from original long-form video footage into multiple refined short clips, streamlining the process of efficient short video creation. Filmora 14 embraces the AI era with over ten new AI-powered tools designed to boost efficiency and quality. These include Smart Scene Cut, AI translation-Lip-Sync, AI Face Mosaic, AI Portrait Cutout, and AI Sound Effect. 

Regarding AI quality enhancement, Filmora 14 offers AI Video Enhancer, AI Voice Enhancer, AI Color Palette, and Voice Denoise, comprehensively optimizing video and audio quality. Filmora 14 also introduces professional features such as Multi-Camera Editing, Planar Tracking, Path Curve, and Magnetic Timeline, solidifying the foundation of professional video editing.

 

Smart Short Clips 

The new feature utilizes AI to automatically extract highlight reels from the original video and transform them into short, vertical clips that are perfect for social media platforms. The final result also intelligently matches subtitles, sound effects, stickers, and transitions, while supporting scheduled distribution across multiple social platforms. This tool meets the increasing demand for short-form content creation, simplifying the process for creators, educators, and marketers while boosting efficiency and professionalism.

AI Video Enhancer

The AI Video Enhancer improves video quality by restoring detail and texture in blurred-focus or low-resolution footage using advanced AI algorithms. This feature significantly enhances clarity, which is particularly beneficial for footage captured on lower-end cameras.

AI Color Palette

Filmora 14’s AI Color Palette feature allows users to replicate the color grading of reference footage and seamlessly apply it to their own projects with a single click, all while preserving natural skin tones. This powerful tool democratizes professional-grade color correction, enabling even novice users to achieve professional, cinematic visuals by emulating the color tones of blockbuster films.

Multi-Camera Editing

Filmora 14 introduces a sophisticated Multi-Camera Editing feature, allowing users to seamlessly edit footage from multiple camera angles on a single timeline track. This feature creates dynamic, professional-looking videos for interviews, tutorials, stage performances, and sports replays.

Planar Tracking

Filmora 14’s advanced tracking technology allows users to seamlessly attach images, graphics, text, or videos to flat surfaces within their footage. This feature ensures that added elements move naturally in sync with camera movements. It’s perfect for overlaying logos or embedding personal videos onto promotional displays.

The video creation industry is experiencing exponential growth driven by AI. Bloomberg Intelligence forecasts that the global generative AI market could reach $1.3 trillion by 2032, with a compound annual growth rate of 42%.

“With Filmora 14, we’re pushing the boundaries of what’s possible in video editing,” said Queenie, the Head of Global Brand Marketing at Wondershare. “Our AI-powered features save time and unlock new creative possibilities for content creators. We’re excited to see how our users leverage these tools to bring their visions to life.”

Wondershare Filmora 14 is a significant milestone in the evolution of AI in the video editing industry. The software is now available for Windows and macOS. For more information about Filmora 14 and to download a free trial, visit https://filmora.wondershare.com. Experience the future of video editing with Wondershare Filmora 14 – where AI meets creativity.

About Filmora

Filmora is designed with its user in mind, featuring smoother performance and an intuitive user interface. With advanced AI features boosting content generation and editing, over 220,000 creative assets, commercially available music, 3D LUTs, effects, and pre-set templates, Empowering over 100 million users worldwide, Filmora stands out as a leader in video editing software. Consistently introducing innovative tools, it enhances video creation and makes the process more efficient and accessible for all skill levels. Filmora is available on iOS, Android, macOS, and Windows. To try it for free, visit filmora.wondershare.com. Follow Wondershare Filmora on YouTube, TikTok, Instagram, and Facebook to learn more.

About Wondershare

As a renowned global leader in creativity and productivity solutions, Wondershare is dedicated to making cutting-edge technology accessible to everyone, fostering increased efficiency and creativity. Our commitment to excellence has been recognized through prestigious accolades from organizations like The Shorty Awards, G2, and GetApp. With a user base spanning over 100 million individuals across 200 countries and regions, we offer diverse software solutions encompassing video editing, PDF manipulation, data recovery, diagram creation, graphic design, and more, all focused on one principle: Creativity Simplified.

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OMP and Bluecrux Announce Joint Value Proposition of Unison Planning and Binocs Platforms to Enhance Life Sciences Supply Chain Efficiency

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ANTWERP and AALST, Belgium, Oct. 1, 2024 /PRNewswire/ — OMP, a global leader in supply chain planning solutions, and Bluecrux, a premier provider of value chain consultancy and technology solutions, are excited to present a powerful combination of their flagship platforms: OMP’s Unison PlanningTM and Bluecrux’s BinocsTM. As the latest evolution in this longstanding partnership, the joint offering marks a significant milestone in the collaboration between the two companies: after a decade working together, this new phase allows their combined technologies to provide unparalleled value to customers in the life sciences industry. 

The combined strength of both solutions will help companies in life sciences to streamline manufacturing and quality operations on both the short- and mid-term horizons, reducing friction and increasing overall operational efficiency. This enables agility and resilience in responding to market fluctuations and operational disruptions, ultimately driving faster time-to-market for critical products.  

A decade of collaboration 

Over the past ten years, OMP has successfully collaborated with Bluecrux’s consulting business unit on numerous projects, driving innovation and efficiency across the life sciences, CPG and chemicals sectors. This next step focuses on the joint value proposition of their respective planning platforms, delivering a powerful, unified solution designed to optimize the entire supply chain for life sciences organizations. 

Integration of “best-of-suite” and “best-of-breed” solutions 

OMP’s Unison PlanningTM is a best-of-suite supply chain planning platform that provides end-to-end (E2E) supply chain planning capabilities. As a “best-of-suite” solution designed to handle everything from strategic network design to detailed production scheduling, Unison Planning is known for its flexibility, scalability, and ability to deliver real-time insights that drive smarter decision-making across the supply chain. 

In contrast, Bluecrux’s BinocsTM is a “best-of-breed” resource management system specifically tailored for the unique challenges of laboratory planning and scheduling in the life sciences sector. BinocsTM excels at optimizing laboratory operations through AI-enabled resource scheduling, advanced capacity planning, and intelligent test management, making it an indispensable tool for labs in highly regulated environments, such as QC teams. 

Greater than the sum of its parts 

“What makes this collaboration unique is that, while both systems handle planning and scheduling, they focus on entirely different aspects of the supply chain,” states Anneleen Tronquo, Managing Partner at Bluecrux. “Unison PlanningTM focuses on manufacturing constraints, whereas BinocsTM specializes in lab constraints, like equipment availability and personnel. Together, they present a complementary offering that delivers more value than the sum of its parts.” 

As elaborated by Jasper Wouters, Global Industry Lead for Life Sciences at OMP: “Our goal with this integration is to enable more fact-based decision-making and reduce the emotional debates that often arise between Quality and Manufacturing teams when priorities shift. With a synchronized view of operations, our joint solution helps resolve such conflicts quickly and efficiently.” 

This powerful combination will allow life sciences organizations to better align their QC and production planning processes, leading to more agile and responsive supply chains.  

To highlight the partnership and further explore the benefits of this joint offering, Bluecrux and OMP have also published a detailed white paper titled “Dissolving Silos with Synergy: a collaborative approach to integrating end-to-end supply chain and QC planning in life sciences”. The full paper can be downloaded from the following sites, or by contacting the organizations directly: 

bluecrux.com/whitepapers/dissolving-silos-with-synergy   

About OMP 

OMP helps companies facing complex planning challenges to excel, grow and thrive by offering the best digitized supply chain planning solution on the market. Hundreds of customers in a wide range of industries—spanning consumer goods, life sciences, chemicals, metals, paper and packaging—benefit from using OMP’s unique Unison PlanningTM. 

About Bluecrux 

Founded in 2011, Bluecrux is a leading value chain technology and consulting company, providing solutions at “the Cutting X”. Bluecrux experts and software help to transform today’s supply chains into smart, efficient, and fully integrated value chains. Bluecrux offers solutions that fit the unique complexities of businesses in life sciences, consumer goods, chemicals, and industrial manufacturing. Their BinocsTM technology is the global #1 SaaS solution for scheduling and planning in Quality laboratories and CGT production. 

OMP: https://omp.com/  

Bluecrux: https://www.bluecrux.com/   

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SOURCE Bluecrux

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