openPR Logo
Press release

Automation Evolution: The Future of the Programmable Logic Controller Market

07-09-2024 11:57 AM CET | Media & Telecommunications

Press release from: Orion Market Research

Automation Evolution: The Future of the Programmable Logic

The Programmable Logic Controller (PLC) is an industrial computer control system that continuously monitors the input devices and makes decisions on a custom-based program to control the state of output devices. PLCs will become indispensable for fully automated automobile, steel, energy, and chemical manufacturing processes. In industrial control systems, PLCs monitor and manage the whole building and manufacturing processes and power control. PLCs are designed to meet robust industrial requirements and it is capable of withstanding extreme vibration, humidity, temperature, and electrical noise. The increasing demand for better productivity and sustainability is anticipated to boost the demand for PLC and it will lead to growth in the PLC market.
Industry Overview

The global PLC market is anticipated to grow at a CAGR of 10.0% by 2032. The increasing demand for sophisticated automation and data integration in industrial processes is driving the market growth. The PLC industry is increasing globally and it holds the automation to enhance efficiency and productivity leading to a surge in demand for PLCs. The PLCs act as the central nervous system, and optimize the industrial processes, from the assembly line to complex manufacturing processes. The continuous advancements in PLC technology drive market growth. Some of the major companies operating in the PLC industry are Siemens AG, Rockwell Automation Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Omron Corporation, General Electric Company (GE), and ABB Group. The market players are also focusing on introducing new technological solutions that further bolster market growth. For instance, in December 2023, Rockwell Automation's latest CCW software enhancements, in combination with Micro800 PLC updates, gave engineers a more streamlined experience for standalone machines. Rockwell Automation's Allen-Bradley brand provides solutions from the large-scale ControlLogix to the relatively new Micro800 series. These controllers offer improved Ethernet communication from controller to Human Machine Interface (HMI) and Supervisory Control and Data Acquisition (SCADA) applications that enable a faster data refresh rate for better system connectivity and performance.

Market Trends and Cutting-edge Developments

The introduction of the IoT (Internet of Things) system in the PLC market fosters endless communication between devices, enables real-time monitoring and control, and helps to improve connectivity in data exchange. The coordination between the PLCs and IoT helps to develop automation in the industrial process. The PLC enhances the efficiency and responsiveness to fulfill the operational requirements of various industries. For instance, in April 2023, Siemens launched a complete virtual PLC, Simatic S7-1500V, which is part of Industrial Operations X. The PLC expanded the existing Simatic portfolio and meets special market requirements such as virtual hosting of PLC computing. In the future, the range will include both hardware controllers and the virtual PLC.

The integration of 4.0 enhances automation efficiency and real-time monitoring drives the smart and interconnected factories this will lead to an increase in the demand of various industries. Principles such as smart factories and IoT help to increase the demand for PLCs. The PLCs have an important role in the advanced manufacturing environment and enhance the connectivity in the process of data exchange between the control system and sensor of different devices. It offers solutions to control the automation process as compared to the manual method. It increases the demand for PLC in manufacturing.

The PLCs have developed advanced cybersecurity features due to the increase in the rates of cyberattacks. The PLC manufacturers apply advanced security protocols and coding techniques to protect the PLCs from unauthorized access and spiteful software. This ensures the safe integration of industrial automation systems to face cybersecurity risks. Additionally, the growth of solar and wind power generation drives the need for PLCs in the renewable energy sectors. It controls and monitors the complex operations in the renewable energy sector. It ensures the efficient production of energy through the integration of PLCs. It resulted in the growing emphasis on environmentally friendly energy solutions and PLC plays an important role in enabling clean energy technology.

Technological advancements are set to enhance the performance of products, leading to increased usage in various applications. The use of PLC in various industries such as automotive, pharmaceuticals, food and beverage, oil and gas, and others, drives the PLC market towards sustainable growth. It has become an attractive option for businesses to enhance operational efficiency without incurring access costs.

The PLC industry in manufacturing firms is expanding to come out in the markets and focus on industrial growth globally. The rapid growth of industrialization and infrastructure development have created a notable demand for automated solutions. The growth of these markets is closely linked to the use of PLCs, which leads to boosting production efficiency and competitiveness.

Overcoming Obstacles

The global market for PLC software has a big challenge due to concerns about cybersecurity and the need for strong security measures. The industry is moving towards automation and digitization, and the risk of cyberattacks on PLC systems has increased. Cyberattacks can have serious consequences, such as the risk of cyberattacks and even present safety risks.

The potential cyber threats and the security of industrial control systems, PLC manufacturers prioritize cybersecurity solutions. The modular designs are there to fulfill the requirements for adaptable installations. The modular PLCs enable the ideal integration into a variety of industrial environments. This improves scalability, allowing the controllers to rapidly adopt new automation needs while preserving efficiency and reliability in industrial processes. For instance, the North American Electric Reliability Corporation (NERC) released its 2023 State of Reliability (SOR) document. It states that cyber and physical security remain critical elements of bulk power system (BPS) reliability. It indicates that the power system faced a variety of security-related challenges in 2022 that could jeopardize the reliable operation of BPS.

The industries have changed themselves from a mass production model into a customization model. However, the growing end-user need for customization of products has made the manufacturing processes more refined and complicated, with the need for frequent adjustments, consequently fueling the end users to adopt and invest in more flexible systems, such as PC-based and cloud-based controllers, rather than PLCs, which is challenging the growth of the PLC market.
In a nutshell, the PLC market is essential for sustainable growth driven by the increasing demand for automation, efficiency, and cybersecurity in industrial processes. PLC is essential for enhancing productivity in various sectors such as the automotive sector, the energy sector, and the manufacturing sector. The advancements in various sectors such as IoT and cybersecurity solutions, in the evolving landscape of the PLCs market, the efficient operation, and the challenges such as cyber threats and the need for customization. The various industries continued to prioritize automation and data integration, and PLCs remain necessary in driving forward global industrial efficiency and sustainability.

To know more please visit at https://www.linkedin.com/pulse/automation-evolution-future-programmable-logic-market-mahesh-mukati-mhfff

Media Contact:

Contact Person: Mr. Anurag Tiwari
Email: anurag@omrglobal.com
Contact no: +91 780-304-0404
Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automation Evolution: The Future of the Programmable Logic Controller Market here

News-ID: 3572169 • Views:

More Releases from Orion Market Research

Electronic Access Control System Market - Industry Trends and Forecast to 2033
Electronic Access Control System Market - Industry Trends and Forecast to 2033
The Electronic Access Control System (EACS) Market was valued at approximately USD 14.64 billion in 2023 and is projected to reach USD 32.5 billion by 2033, reflecting a CAGR of 8.3% from 2024 to 2033 . Electronic Access Control System Market Overview The Electronic Access Control System (EACS) Market is experiencing significant growth due to increasing security concerns across various sectors, including commercial, residential, and industrial facilities. These systems utilize technologies such
Visual Analytics Market Overview: Growth, Share, Value, Size, and Scope
Visual Analytics Market Overview: Growth, Share, Value, Size, and Scope
The Visual Analytics Market was valued at approximately USD 8.7 billion in 2023 and is projected to reach USD 37.7 billion by 2033, reflecting a CAGR of 15.79% from 2023 to 2033 . Visual Analytics Market Overview The Visual Analytics Market is experiencing significant growth, driven by the increasing volume and complexity of data across industries. Organizations are adopting visual analytics tools to transform raw data into actionable insights through interactive dashboards,
Disability Insurance Market: An In-Depth Analysis
Disability Insurance Market: An In-Depth Analysis
The global Disability Insurance Market was valued at approximately USD 3.7 billion in 2023 and is projected to reach USD 11.21 billion by 2033, reflecting a CAGR of 12.00% from 2028 to 2033 . Disability Insurance Market Overview The Disability Insurance Market is experiencing significant growth, driven by an aging population, increasing prevalence of chronic illnesses, and rising awareness about income protection. Employer-sponsored plans dominate the market, with long-term disability insurance accounting
Usage Based Insurance (Ubi) Market: A Comprehensive Overview
Usage Based Insurance (Ubi) Market: A Comprehensive Overview
The Usage-Based Insurance (UBI) Market was valued at USD 43.38 billion in 2023 and is expected to grow to approximately USD 87.0 billion by 2033, reflecting a CAGR of about 7.2% from 2024 to 2033. Usage Based Insurance (Ubi) Market Overview The Usage-Based Insurance (UBI) Market is experiencing significant growth, driven by advancements in telematics and the increasing adoption of connected vehicles. UBI models, such as Pay-As-You-Drive (PAYD) and Pay-How-You-Drive (PHYD), utilize

All 5 Releases


More Releases for PLC

Online Gambling and Betting Global Market 2020 | Major Kay Players – NetEnt AB …
WiseGuyRerports.com Presents “Global Online Gambling and Betting Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025” New Document to its Studies Database The Online Gambling and Betting report provides an estimated valuation and analysis on a regional as well as a global level. A detailed research on the performance of the various market dynamics and its impact on the overall landscape in the present and future are explored in
Online Gambling and Betting Market Size, Share and Revenue Analysis by NetEnt AB …
Global Online Gambling and Betting Market Size, Status and Forecast 2018-2025 Report presents the worldwide Online Gambling and Betting Market analysis with in depth study of manufacturers, region, type and application and its future scope in the industry till 2025. Gambling is the wagering of money or something of value (referred to as “the stakes”) on an event with an uncertain outcome with the primary intent of winning money or material
Online Gambling Market Trends, Insights, Technology till 2025 NetEnt AB, GVC Hol …
Global Online Gambling Market Size, Status and Forecast 2018-2025 Report presents the worldwide Online Gambling Market analysis with in depth study of manufacturers, region, type and application and its future scope in the industry till 2025. This report focuses on the global Online Gambling status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Online Gambling development in United States, Europe and China. In
Online Gambling and Betting Market Outlook to 2023 – NetEnt AB, GVC Holdings P …
Oct 2018, New York, USA(News)- Online gambling (or Internet gambling) includes poker, casinos and sports betting. The first online casino was in 1994. Many countries restrict or ban online gambling, but it is legal in some provinces in Canada, most countries of the European Union and several nations in the Caribbean. In 1994, Antigua and Barbuda passed the Free Trade & Processing Act, allowing licences to be granted to organisations
Pulmonary Drugs Market Continues Growth | 2018 Key Players are Meda Pharmaceutic …
The major manufacturers are focused towards development of new and innovative products with extensive R&D on pulmonary drugs. For instance, in 2017, Sanofi SA completed the phase II clinical trials in April 2017 of new drug Dupilumab in association with Regeneron Pharmaceuticals. The drug is indicated for the treatment of uncontrolled asthma in children and is expected to complete its clinical trial studies in January, 2021. Moreover, in 2017, Circassia
Online Gambling Global Market 2018: Key Players – William Hill Plc., Paddy Pow …
Online Gambling Industry Description Wiseguyreports.Com Adds “Online Gambling -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database Online Gambling refers to betting of money online on an event with an uncertain outcome. Online gambling is similar to gambling but the difference is that online gambling is betting on sports or casino over the internet. Online gambling is not limited to playing cards. It is a