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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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CompTIA Spark introduces free high-quality technology curriculum for middle grade classrooms

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On World Teachers’ Day, the nonprofit organization highlights the importance of middle school teachers, empowers them to teach technology skills

DOWNERS GROVE, Ill., Oct. 5, 2024 /PRNewswire/ — Responding to a critical gap in technology education, CompTIA Spark has launched free technology curriculum specifically for middle grade classrooms, grades 5-8. It aims to support teachers so that they can teach the critical skills students need to succeed in whatever path they choose. The nonprofit organization worked with educators across the country to develop the curriculum.

“Getting this free resource into the hands of middle school teachers can help close the gap in technology education.”

“World Teachers’ Day celebrates how important teachers are,” says Randi Parker, chief of staff and vice president of CompTIA Spark. “And we know that middle school teachers in particular play such an important role in a student’s journey which is why they are the key to bringing technology education to more schools. We could not have developed this curriculum without them, and we can’t reach students without them.”

For about the past year, school districts as well as individual teachers have been implementing the CompTIA Spark curriculum in middle grade classrooms and providing feedback that allowed for a testing and development period prior to the full-scale launch. The schools that participated in this phase ranged from award-winning STEM schools to less-resourced ones, with all types of schools reporting the curriculum was a success and that students were engaged and excited to learn.

Getting students excited about technology and growing their confidence with hands-on learning is critical at the middle school level. Without access to quality technology education, students fall behind before they reach high school which means they do not have the digital fluency needed to succeed in school and in life. Filling this critical gap is the mission of CompTIA Spark.

With the new free curriculum, teachers can guide middle grade students through engaging project-based lessons that build capability using common applications and 21st century skills. Students gain a solid foundation in key technology concepts to prepare them for future opportunities — in high school and beyond.

Delivered through an online learning platform, the curriculum sparks interest in technology and how it is used in a wide variety of careers. For example, the Tech Exploration units have interactive lessons that show how tech skills are used in roles like product design, market research, accounting, marketing and more. Meanwhile, the Emerging Tech units focus on artificial intelligence (AI), cybersecurity, and smart home technology. Full access to the curriculum is available to middle grade educators absolutely free — to empower more teachers to teach the subject, even if they have not taught it previously.

A recent special report from Education Week highlighted how schools have been “struggling to recruit and retain math and science teachers for decades,” let alone educators who can teach technology subjects. The report also stressed the fact that current teachers need to be given opportunities to be able to teach new subjects related to emerging fields and technologies — with this being a solution to tackling the shortage.

“Because of the way the curriculum is intentionally designed, we are able to take the burden off the teacher by providing high-quality technology curriculum that middle grade teachers can use in their classroom regardless of their past experience with the subject,” says Parker. “Getting this free resource into the hands of teachers can help close the gap in technology education that currently exists at the middle school level. CompTIA Spark curriculum is free, and always will be free, because it is a gift from the tech industry to future generations.”

Districts, schools and individual teachers are invited to explore the curriculum and get started at comptiaspark.org.

About CompTIA Spark

CompTIA Spark develops free high-quality technology curriculum for middle grade classrooms to close a critical gap in technology education that exists before high school. This work improves student outcomes and success, and helps ensure a diverse talent pipeline for the technology workforce. CompTIA Spark is an independent 501(c)(3) nonprofit organization that operates as the charitable arm of the Computing Technology Industry Association (CompTIA), a leading voice and advocate for the global information technology ecosystem and a trusted provider of technical training and IT certifications. Learn more at comptiaspark.org.

MEDIA CONTACTS:
Laura Perillo and/or Cristina De Guia
news@comptiaspark.org

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SOURCE CompTIA Spark

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SAUNEX Partners with Saudi SIIVC in Strategic EV Initiative

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The partnership will concentrate on the development and manufacturing of electric vehicles, enhancing industry capabilities

BANGKOK, Oct. 5, 2024 /PRNewswire/ — UNEX of the Netherlands, a global leader in the research and development of electric vehicles (EVs), and Siam Racing Automobiles (SRA) of Thailand, a world-class automotive design and engineering firm, have announced that their joint venture, SAUNEX, has entered into a strategic cooperation agreement with Saudi Arabia International Industrial Village (SIIVC). The alliance will establish a production facility for EVs in Saudi Arabia, aiming to extend their market reach across the Middle East, North Africa, and Southern Europe.

Chatchaval Jiaravanon, a member of the family that controls CP Group, addressed the audience at the signing ceremony. He highlighted the importance of automotive manufacturing as a benchmark of a nation’s industrial capabilities. Reflecting on CP Group’s past collaboration with China’s SAIC to set up a production facility for MG sports cars in Thailand, he noted that the success of automotive ventures relies critically on exemplary technology and leadership. The partnership between SAUNEX and SIIVC is aligned with Saudi Arabia’s Vision 2030 strategic initiative, emphasizing sustainable collaboration in the development, production, and marketing of EVs. The goal is to drive significant progress in Saudi Arabia’s EV sector and position SAUNEX as a beacon of successful international cooperation between Thailand and Saudi Arabia.

Mr. Jiaravanon also remarked that SAUNEX stands at the forefront of electric vehicle R&D, particularly in the application of battery swapping technology and the fields of automotive design and engineering. Their leading model, the Manto, is a luxury electric SUV that utilizes UNEX’s battery swapping technology, enhanced by SRA’s sophisticated design and engineering. It significantly outperforms competitors, offering a superior choice for future EVs free from the usual range limitations.

Top management executives from UNEX at the ceremony pointed out that under the leadership of Dr. Faisal Abdullah, CEO of SIIVC, the project aims to develop cutting-edge automotive production and battery swapping facilities in Saudi Arabia, manufacturing a full line-up of vehicle models including sedans, SUVs, and vans. The partnership also includes collaboration with CP Group and automotive supply chains in Thailand and China, aiming to create a sustainable and advanced industrial ecosystem that sets a global standard for the electric vehicle industry.

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SOURCE UNEX

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Israel Banned from UAE BioTech Symposium

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Israeli BioTech companies will not be permitted at the quarterly event with Roadshows throughout the Arab Gulf States, including the United Arab Emirates, Kuwait, Qatar, Oman, Bahrain and Saudi Arabia

In parallel, UAE BioTech Symposium has been dedicated to the memory of The Rockefeller University Nobel Laureate Professor Dr. Günter Blobel, MD. PhD., Founder of The Friends of Dresden.

ABU DHABI, UAE, Oct. 5, 2024 /PRNewswire/ — “The board of AmCham Abu Dhabi mandated that Chinese and Russian companies are not allowed. As Founding Chairman of AmCham Abu Dhabi BioTech Committee & Chairman of UAE BioTech Symposium, I mandate that Israeli companies are not allowed, says Dr. Kambiz Shekdar, PhD.

Dr. Shekdar is Owner and Chairman of the quarterly UAE BioTech Symposium launching Nove 2-6, 2024 in Abu Dhabi and Dubai, UAE. Registration for UAE BioTech Symposium is hosted at AmCham Abu Dhabi. The detailed program is available at https://www.uaebiotechsymposium.com.

“I spent 8 years in the lab with Günter as my mentor. He would often talk about how his family was packed in a car, passing through Dresden escaping Nazi Germany when the fire bombing happened. I remember each time he remembered how he could read the pages of the newspaper by the light of the fire kilometers away. He donated his prize money to all three religions because he understood that peace is the fundament for achieving our human potential,” add Shekdar.

“I saw the firebombing destruction of Dresden from very near,” Blobel told The Times of Israel upon Dr. Blobel’s passing on February 18, 2018, “only a few kilometers away; for an 8 1/2-year-old, this was all very impressive. The bombing was so bright that you could read the newspaper by the red sky.”

Complete information about UAE BioTech Symposium is available at the Chairman’s personal portal at this link: https://linktr.ee/kambizshekdar

About UAE BioTech Symposium Chairman Dr. Kambiz Shekdar, PhD
From invention at The Rockefeller University to IPO at New York Stock Exchange to scale-up drug discovery for jointly owned Made-in-Abu-Dhabi IP in the U.A.E., Dr. Kambiz Shekdar is the first U.S. Biotech Abu Dhabi Golden Visa Inventor transitioning to the U.A.E.

Dr. Shekdar, PhD invented Chromovert® Technology while he was a graduate doctoral student in the laboratory of his mentor, the late Nobel laureate & King Faisal Prize winner Dr. Günter Blobel, MD, PhD. at The Rockefeller University in New York City. For more than 20 years, Dr. Shekdar has been pursuing applications of the same platform technology, now including pursuing the creation of a joint venture with Emirati stakeholders to implement the by-now validated research engine as part of a national-level public-private partnership for drug discovery at scale in the U.A.E. Dr. Shekdar is also a member of the Abu Dhabi, UAE chapter of American Chambers of Commerce where he is Founding Chairman of the AmCham Abu Dhabi BioTech Committee.

https://www.linkedin.com/in/kambiz-shekdar-51a52a34/

About UAE BioTech Symposium
UAE BioTech Symposium in partnership with the AmCham Abu Dhabi BioTech Committee and Masdar City will host quarterly panel discussions and lab tours in Abu Dhabi, Dubai and roadshow destinations throughout the GCC and Middle East. The events are free with attendance limited to prioritize U.S. and international BioTech owners and executives. Program details will be posted online in Arabic and in English as registration for each event goes live via the AmCham Abu Dhabi website.

Arabic site for scientific program: http://www.uaebiotechsymposium.ae
English site for scientific program: https://www.uaebiotechsymposium.com

About AmCham BioTech Committee
The AmCham BioTech Committee was formed to establish a BioTech sector in Abu Dhabi with a focus on promoting opportunities for U.S. BioTech companies with a vision to be a thought leader and facilitator for U.S. corporate interests in the emerging BioTech sector in Abu Dhabi and throughout the Middle East. Since its founding, the BioTech committee has seen a notable uptick in interest from U.S.-based companies seeking to broaden their service offerings within the region. AmCham BioTech Committee founding members include Seconcell Bio, Intelligenix Advanced Diagnostics, Extend Biosciences, Halia Therapeutics and Jones Lang LaSalle Inc (JLL).
https://amchamabudhabi.org/biotech/

CONTACT: Kambiz Shekdar, +971585820175

 

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SOURCE Secondcell Bio, LLC; UAE BioTech Symposium

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