Micro Programmable Logic Controller (Plc) Market Size to grow by USD 2371.9 million between 2024-2028
According to a research report “ Micro Programmable Logic Controller (Plc) Market” by End-user (Automotive industry, Oil and gas industry, Power industry, Food and beverage industry, Others) Product (Hardware, Software, Services) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 2371.9 million, at a CAGR of 7.08% during the forecast period. In the era of Industrial Internet of Things (IIoT), also known as Industry 4.0, the control level of factory automation faces significant design challenges. IIoT offers advantages such as real-time communication and enhanced reliability, leading to increased efficiency in industrial automation systems. This technology facilitates smart maintenance, distributed intelligence, and predictive analytics in manufacturing and factory automation. However, the growing adoption of IoT-enabled devices brings about the need for manufacturers and system integrators to address the challenges of cost reduction and the effective implementation of factory automation benefits. The control level, a crucial component of factory automation processes, is divided into field, control, and operator levels. Ensuring seamless integration and optimal performance of these levels is essential for maximizing the potential of IIoT in industrial automation..
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By End-user, the Automotive industry segment is projected to dominate the market size in 2024
The automotive sector represents a significant market share in the global micro programmable logic controller (PLC) industry. Micro PLCs play a pivotal role in automotive manufacturing by managing and controlling multiple standalone machinery throughout the production process. Acting as a bridge between various manufacturing stages, including design, analysis, inventory management, and distribution, micro PLCs ensure precise control over manufacturing processes and device parameters in the automotive industry. With the industry's transition towards smart factories, the demand for micro PLCs is poised to grow, as these advanced control systems enable efficient and effective manufacturing processes.
By Product, Hardware segment is expected to hold the largest market size for the year 2024
The micro Programmable Logic Controller (PLC) market's hardware segment encompasses the CPU, which coordinates command, control, and communication functions. Advanced micro PLCs integrate an HMI component, enabling operators to manage the micro PLC and connected instruments. The HMI comprises a data display (graphic or alphanumeric) with a standard keyboard or touchscreen, and a programmable keyboard. HMI configuration varies based on operational intricacy. Communication devices, such as built-in socket connections, complete the hardware suite for data input and output.
APAC is forecasted to hold the largest market size by region in 2024
The Micro Programmable Logic Controller (PLC) market represents a significant growth opportunity for businesses seeking advanced automation solutions. These innovative devices enable efficient manufacturing processes by integrating programming capabilities directly onto the controller. By leveraging the flexibility and versatility of micro PLCs, companies can streamline operations, reduce downtime, and enhance productivity. The market's continued expansion is driven by increasing industrial automation demands and the need for more sophisticated control systems.
The Micro Programmable Logic Controller (Plc) Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Micro Programmable Logic Controller (Micro PLC) market is witnessing significant growth due to the miniaturization trend in industrial automation. Micro PLCs offer compact size, low power consumption, and cost-effectiveness, making them ideal for various industries, including the energy sector, oil & gas sector, and automotive sector. The human machine interface (HMI) technology integrated into Micro PLCs enhances their usability and ease of operation. In the power industry and steel industry, Micro PLCs are widely used for monitoring and controlling processes, ensuring efficient and reliable operations. The Technology sector's advancements, such as the Internet of Things (IoT) and Artificial Intelligence (AI), have led to the development of advanced Micro PLCs with enhanced capabilities. The hardware segment of the Micro PLC market includes Modular PLCs, Fixed PLCs, and Nano PLCs, catering to different industrial purposes. Micro PLCs are increasingly being adopted in the automotive industry for manufacturing processes, assembly lines, and safety systems. The market's growth is expected to continue as Micro PLCs offer significant advantages over traditional PLCs, including smaller size, lower power consumption, and easier integration with IoT and AI technologies.
Market Research Overview
The Micro Programmable Logic Controller (PLC) market is witnessing significant growth due to its increasing adoption in various industries for automation and control applications. The market includes fuel injection, transmission control, and engine control systems in the automotive sector, as well as security systems, HVAC systems, and lighting systems in building automation and home automation. The offering segment includes hardware, software, and services, with micro PLCs offering energy-efficient solutions, edge computing, and IoT-connected devices in the IIoT era. Industrial processes in the power industry, oil & gas sector, steel industry, food and beverages, and automotive sector are major consumers of micro PLCs. The market is driven by the demand for miniaturization, human machine interface, redundancy software, motion control, simulation, and programming tools. The technology sector is also embracing micro PLCs for industrial purposes, including industrial robots, assembly lines, and input devices. Power, oil and gas, and modular PLCs are popular choices for energy-intensive industries, while fixed PLCs and nano PLCs cater to smaller applications. The integration of artificial intelligence and technology trends like power, robotics, and simulation software are expected to further fuel market growth.
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