Technology

Programmable Logic Controller (PLC) Market to Grow by USD 3.83 Billion (2024-2028), Driven by Demand for Compact Automation Solutions, with AI Redefining Market Landscape – Technavio

Published

1 year ago

November 19, 2024

NEW YORK, Nov. 19, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global programmable logic controller (PLC) market size is estimated to grow by USD 3.83 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.56% during the forecast period. Increasing demand for compact automation solutions is driving market growth, with a trend towards increasing focus on expanding capability of micro-plcs. However, growing market for industrial pc and dcs as alternatives to plcs poses a challenge. Key market players include ABB Ltd., Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co., Ependion AB, Festo SE and Co. KG, Furukawa Electric Co. Ltd., IDEC Corp., Keyence Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Infineon Technologies AG.

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Programmable Logic Controller (PLC) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 4.56%

Market growth 2024-2028

USD 3825.67 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.57

Regional analysis

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

Performing market contribution

APAC at 32%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

ABB Ltd., Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co., Ependion AB, Festo SE and Co. KG, Furukawa Electric Co. Ltd., IDEC Corp., Keyence Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Infineon Technologies AG

Market Driver

The Programmable Logic Controller (PLC) market is experiencing significant growth due to the increasing adoption of computer control systems in various industries. Input and output devices are essential components of PLCs, allowing for the monitoring and control of production processes in sectors like steel and energy. PLCs are used extensively in industrial control systems for managing power, vibration, humidity, temperature, electrical noise, and more. The energy and power industry, oil and gas, food and beverages, and pulp and paper industries are major consumers of PLCs. Miniaturization of machinery has led to the development of compact PLCs for wind power and wind turbines. Sensor measurements are crucial for accurate control, and OTEK Corporation’s LED technology and digital panel meters are popular choices. PLCs come in various sizes, from small to large, with modular and rack-mounted options. Hardware components include processors, power supplies, and memory. Software capabilities are essential, with service, training, and error handling features important for technicians. Industrial automation is a key driver, with applications in conveyor systems, packaging systems, and auto assembly processes. The trend towards smart factories, robots, and cloud-based controllers is growing. Macroeconomic factors, including automobile sales and electrification of vehicles, also impact the market. However, cyber threats such as malware, ransomware, phishing attacks, and industrial espionage pose challenges to the market’s growth. Companies like Arduino, Opta, Finder, and those using microcontrollers with Arm Cortex-M7 and M4 cores, floating-point units, and hardware JPEG accelerators must prioritize security. IIoT systems in aerospace, defense, chemical, energy utilities, healthcare, and other industries require PLC solutions.

Micro Programmable Logic Controllers (PLCs), also known as compact or small-scale PLCs, have gained significant traction in the process and discrete industries for controlling standalone machinery. Their advantages, including flexible programming, user-friendly interface, communication capabilities, and cost-effectiveness compared to traditional PLCs, have fueled their adoption. Initially, micro-PLCs were designed for basic serial communication in small machinery control. However, advancements in technology have expanded their capabilities, enabling them to manage high-speed communications, large program memory, and support for multiple communications, making them suitable for controlling larger machines as well.

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Market Challenges

The Programmable Logic Controller (PLC) market is experiencing significant growth due to the increasing adoption of computer control systems in various industries. Input and output devices, crucial components of PLCs, are essential for industrial automation in sectors like steel and energy. Challenges such as vibration, humidity, temperature, electrical noise, and power issues persist in these industries, driving the demand for advanced PLCs. PLCs play a vital role in industrial control systems, enabling automated machines to perform production processes efficiently. In the energy sector, PLCs are used in wind power and wind turbines for sensor measurements. OTEK Corporation’s LED technology and digital panel meters are popular choices for PLC applications. However, the market faces challenges like errors, which can lead to machine downtime and increased costs. Technicians require training to address these issues. The miniaturization of machinery and the rise of compact PLCs cater to the needs of smaller industrial verticals. Macroeconomic factors, such as auto assembly process, smart factories, and electrification of vehicles, are driving the demand for advanced PLCs. IIoT systems, including PC-based and cloud-based controllers, are increasingly popular. Cyber threats, including malware, ransomware, phishing attacks, and industrial espionage, pose challenges to the PLC market. Industries like aerospace and defense, chemical, energy utilities, food and beverages, and healthcare rely on PLCs for automation. Companies like Arduino, Opta, Finder, and those using microcontrollers with Arm Cortex-M7 and M4 cores, floating-point units, and hardware JPEG accelerators are key players in the market. Flash memory and static RAM are common hardware components, while software capabilities and service are essential for PLCs.The industrial automation landscape is evolving, with a noticeable trend towards PC-based control systems. Traditional rackmount Programmable Logic Controllers (PLCs) are being replaced by more versatile and integrated PC-based platforms. These systems offer the benefits of PLC control, motion control, and Supervisory Control and Data Acquisition (SCADA) in a single high-performance controller. The emergence of open embedded operating systems has further fueled the growth of new-generation industrial PCs, which can merge PLC functionality and operator panels into a unified unit. Meanwhile, Distributed Control Systems (DCS) continue to provide unique advantages over traditional PLCs and industrial PCs, making them an essential component of modern industrial automation solutions.

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Segment Overview

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

Product 1.1 Modular1.2 Unitary1.3 RackmountEnd-user 2.1 Process industry2.2 Discrete industry2.3 Building automationGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Modular- Modular Programmable Logic Controllers (PLCs) consist of interchangeable modules that can be combined to create a customized automation solution. Unlike single-function PLCs, modular systems offer flexibility for various applications. These controllers can be arranged in cabinets or rail-mounted for safety and security. Modular PLCs are larger and more expensive than their single-function counterparts. They are primarily used in complex industries like oil and gas, mining, and automotive for controlling multiple inputs and outputs. Their advantages include ease of maintenance and repair, increased memory capacity, and the ability to add more systems for future expansion. The enhanced memory module allows for faster processing, making them an ideal choice for increasingly complex manufacturing processes. These factors will significantly contribute to the growth of the modular PLC segment and the global PLC market during the forecast period.

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Research Analysis

The Programmable Logic Controller (PLC) market refers to the computer control systems used in industry automation to manage and automate various processes. These systems utilize input devices such as sensors and switches, and output devices like relays and switch boxes, to control automated machines in industries like steel and energy. PLCs are based on electronic devices like dual-core microcontrollers with Cortex-M4 cores, flash memory, and static RAM. They offer multi-functionality, reducing machine downtime and increasing efficiency in conveyor systems, packaging systems, and more. However, with the increasing integration of IT in industrial control systems, cyber threats such as malware, ransomware, and phishing attacks pose significant risks. Technicians must ensure proper error handling and security measures to maintain system functionality and protect against potential breaches.

Market Research Overview

The Programmable Logic Controller (PLC) market refers to the computer control systems used in various industries for automating production processes. These systems use Input devices to receive data from sensors measuring parameters like vibration, humidity, temperature, electrical noise, and other process variables. Output devices are used to control machines and equipment based on the processed data. PLCs are widely used in sectors such as steel, energy, and industrial control systems. They are integral to the functioning of buildings, wind power, and wind turbines. PLCs come in various sizes, from small and compact to large and modular, catering to different industrial verticals. The hardware components of a PLC include the processor, power supply, and communication interfaces. Software capabilities are essential, with features like error handling, machine downtime reduction, and multi-functionality. Industries like energy, oil and gas, food and beverages, pulp and paper, and aerospace and defense rely on PLCs for automation. The miniaturization of machinery and the rise of IIoT systems have led to the development of compact PLCs and PC-based and cloud-based controllers. However, challenges like cyber threats, malware, ransomware, phishing attacks, and industrial espionage pose significant risks to the security of PLC systems. Companies must invest in service, training, and software capabilities to mitigate these risks. Key factors driving the PLC market include macroeconomic factors, the auto assembly process, smart factories, robots, and the electrification of vehicles. Companies like OTEK Corporation, Finder, and Opta offer innovative solutions, with technologies like LED technology, digital panel meters, and Arm Cortex-M7 and M4 cores.

Table of Contents:

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

ProductModularUnitaryRackmountEnd-userProcess IndustryDiscrete IndustryBuilding AutomationGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

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

Technology

Meridian Singapore Immigration Launches New Website to Simplify the PR Application Journey for Foreigners in Singapore

Published

3 hours ago

April 30, 2026

New online platform provides clear, structured guidance for Employment Pass and S Pass holders navigating Singapore’s residency and Permanent Residency pathways

SINGAPORE, April 30, 2026 /PRNewswire/ — Meridian Singapore Immigration Pte. Ltd. has officially launched its new website at meridianimmigration.sg, a resource built specifically for foreigners living and working in Singapore who are exploring Permanent Residency or long-term residency options.

The platform arrives at a time when Singapore’s expatriate and foreign professional community is growing rapidly, yet many EP and S Pass holders report struggling to find clear, reliable information on the PR application process. Singapore’s immigration framework is among the most structured in Southeast Asia, with eligibility criteria, documentation requirements, and submission windows that change frequently. For individuals navigating this process without professional guidance, the stakes are high and the margin for error is narrow.

Meridian’s website was built to address that gap directly. The platform offers detailed explanations of available immigration pathways, structured consultation options, and educational resources developed by the firm’s team of immigration specialists. Rather than presenting a services catalogue, the site walks users through the considerations relevant to their specific situation, whether they hold an Employment Pass, S Pass, or are planning for their family’s long-term residency in Singapore.

“We built this platform because we saw how overwhelming and confusing the immigration process can be for people who genuinely want to build their lives here,” said a spokesperson for Meridian Singapore Immigration. “Our goal is to be the trusted partner that walks them through every step with clarity and integrity.”

Singapore’s continued attractiveness as a regional hub for multinational corporations, financial institutions, and technology firms means the pipeline of foreigners seeking long-term residency options remains substantial. At the same time, the ICA’s PR application framework has grown more nuanced, with factors such as economic contributions, family ties, and community integration weighed during assessment. Applicants who proceed without a clear understanding of these criteria often submit applications that are either premature or structurally incomplete.

Meridian’s approach centres on preparation and transparency, helping applicants understand where they stand before they apply and what supporting documentation strengthens their case.

Meridian Singapore Immigration Pte. Ltd. is a professional immigration consultancy dedicated to guiding individuals and families through Singapore’s immigration process. Specialising in Permanent Residency (PR) applications, residency pathways, and compliance support, Meridian offers clear, structured solutions tailored to each client’s unique circumstances. Founded on the values of Guidance, Integrity, and Success, Meridian is committed to making immigration simple, transparent, and accessible for everyone. For more information, visit meridianimmigration.sg or contact info@meridianimmigration.sg / +65 8873 1113.

View original content:https://www.prnewswire.com/apac/news-releases/meridian-singapore-immigration-launches-new-website-to-simplify-the-pr-application-journey-for-foreigners-in-singapore-302757392.html

SOURCE Meridian Singapore Immigration Pte. Ltd.

Technology

Socomec, Daitron team up to meet Japan’s growing power demands

Published

3 hours ago

April 30, 2026

TOKYO, April 30, 2026 /PRNewswire/ — Socomec, a century-old electrical group specialising in mission-critical energy, and Japan’s Daitron, an electronics components distributor, have signed a partnership to deliver power conversion solutions and service backup power and electrical-switching systems across Japan.

The deal combines Socomec’s equipment with Daitron’s on-the-ground engineering team, which has more than 74 years of experience in the Japanese market. The two companies will handle everything from project delivery to ongoing maintenance and spare parts.

The partnership covers three product areas: uninterruptible power supplies (UPS), which keep facilities running during outages; power conversion systems, which ensure the availability and continuity of high-quality energy; and static transfer switches, which automatically reroute power loads between sources without interruption.

Beyond equipment sales, the agreement includes training, spare parts, long-term service contracts and a full range of expert services covering prevention, measurement and analysis, consultancy, deployment and optimisation. Socomec will provide product and technical training to Daitron’s team, while Daitron handles installation, servicing and day-to-day client support in Japan.

The target market spans data centres, semiconductor plants, industrial facilities, hospitals and green buildings, all areas where even brief power interruptions can prove costly. Data center demand in particular is surging, driven by the rapid expansion of artificial intelligence infrastructure, with colocation and enterprise facilities among the primary targets.

“Daitron knows the Japanese market inside and out. They have the people, the relationships, and the hands-on experience, and we bring the technology to match,” said Socomec Asia-Pacific CEO O’Niel Dissanayake. “It’s a natural fit, and together we can offer something neither company could deliver alone.”

“Japan’s data centres, chip factories and industrial plants all require power systems they can count on,” said Masaharu Kato, corporate officer of Daitron. “Socomec’s technology is exactly what these customers need, and our job is to make sure it’s installed, maintained and supported properly. That’s what we do best.”

The partnership comes as Japan faces a step change in power demand. Electricity consumption is expected to grow 5.3% over the next decade, driven by data centres and semiconductor factories, according to the country’s grid operator. Industrial energy demand alone is forecast to rise 18.3% over the same period.

That growth is creating strong demand for reliable power infrastructure. Data centres, for example, run around the clock and cannot afford downtime, making backup power and efficient energy management essential. Socomec’s systems are designed to reduce power consumption without sacrificing reliability, a balance that is becoming increasingly important as operators look to manage both costs and environmental commitments.

Both companies say project planning and bids are already underway, with a long-term goal of expanding the partnership’s reach across Japan as demand grows.

About Daitron

Daitron Co., Ltd. is a Japanese engineering and trading company founded in 1952 and headquartered in Osaka. Listed on the Tokyo Stock Exchange (TYO: 7609), Daitron sells and manufactures electronic components, semiconductor processing equipment and power supply systems. The company has more than seven decades of experience serving Japan’s electronics and manufacturing industries.

SOCOMEC: When energy matters

Founded in 1922, SOCOMEC is an independent industrial group of more than 4,800 experts spread across the world in 30 subsidiaries. Our vocation: design, manufacture and sale of electrical equipment, with a strong expertize in critical power applications. In 2025, SOCOMEC achieved a turnover of 997 million euros (not yet audited).

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SOURCE Socomec

Technology

Multi-Destination Travel Surges Across Asia-Pacific This Labour Day, Trip.com Group Data Shows

Published

3 hours ago

April 30, 2026

Multi-city travel across Asia-Pacific grew 35% year-on-yearMulti-city travel outpaces single-destination growth by more than 2xSoutheast Asia sees strong double-digit growth, with Thailand up to 52% YoY

SINGAPORE, April 29, 2026 /CNW/ — Multi-city travel across Asia-Pacific grew 35% year-on-year this Labour Day period, according to data from Trip.com Group. Several Asia-Pacific markets including Japan, South Korea, parts of Southeast Asia and Mainland China celebrate Labour Day, driving strong cross-border and domestic travel flows across the region.

Over 30% of international trips now span multiple destinations, highlighting a continued shift towards more complex, itinerary-led travel. This shift reflects a growing preference to maximise time and value with multiple destinations within a single trip rather than a single location.

Multi-destination trips become a defining travel pattern

While single-destination travel continues to account for most bookings, growth is increasingly driven by more complex itineraries. Multi-destination bookings are growing at more than twice the pace of single-destination travel, reflecting stronger demand for flexibility and deeper exploration.

Travellers are increasingly structuring trips across multiple cities to maximise both time and value, with popular combinations including:

Tokyo – Osaka – Kyoto (Japan)Seoul – Busan (South Korea)Bangkok – Phuket (Thailand)

These itineraries reflect a growing preference for multi-stop journeys that blend urban experiences with leisure destinations.

Southeast Asia sees fast growth in multi-destination travel

Across Southeast Asia, demand for multi-destination travel is rising steadily, with strong growth across key markets of Thailand: 52%, Malaysia: 40%, and Singapore: 17%, according to Trip.com Group data.

Top outbound destinations across Southeast Asian markets include Japan (Tokyo, Osaka), South Korea (Seoul), China (Shanghai, Beijing), Thailand (Bangkok), Indonesia (Bali).

In other parts of Asia such as Hong Kong SAR, multi-destination travel also grew by over 50% year-on-year, highlighting growing preference for more complex itineraries over traditional single-destination trips, particularly in well-connected urban markets.

In Mainland China, domestic travel remains a strong base, while overseas journeys are increasingly shaped by multi-destination itineraries, with over 40% of outbound trips spanning multiple destinations and continuing to grow.

This suggests that travellers in this region are increasingly combining multiple cities within a single trip, supported by strong regional connectivity.

Japan’s domestic travel momentum on the rise

Japan is also seeing shifts in domestic travel behaviour, even as outbound demand continues to grow.

In Japan, domestic travel is growing rapidly, indicating rising interest in travelling within the country, accounting for one-quarter of all flight bookings, and to cities such as Tokyo, Sapporo and Okinawa.

Intra-Asia travel dominates Labour Day demand

The Labour Day holiday period continues to be driven by regional travel within Asia-Pacific, with travellers favouring destinations that offer ease of access, diverse experiences, and flexible itineraries.

The Group’s data highlights the continued strength of short-haul travel, supported by strong connectivity and shorter flight durations.

More broadly, the way people travel across Asia-Pacific is evolving. Travellers taking a more deliberate approach to how they plan their trips. While cross-border journeys are increasingly shaped by multi-city itineraries, domestic travel remains a strong and steady part of the landscape. Together, these patterns point to a more flexible and value-conscious mindset, as travellers look to make the most of both time and budget.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.