#Global Small Programmable Logic Controllers Market Forecast

[news24-amit]

Programmable Logic Controller Market Set to Hit US$ 17.2 Bn with Strong Demand from Smart Industries

The global programmable logic controller (PLC) market, valued at US$ 11.6 Bn in 2022, is forecast to grow at a CAGR of 4.7% between 2023 and 2031, reaching a market value of US$ 17.2 Bn by the end of 2031, according to the latest industry insights. This growth is propelled by a surge in demand for industrial automation, smart manufacturing, and increased integration of the Industrial Internet of Things (IIoT).

Market Overview: A programmable logic controller (PLC) is a digital computer used to automate electromechanical processes, particularly in manufacturing environments. These devices are integral to the efficient operation of assembly lines, robotic devices, and any activity requiring high-reliability control and ease of programming. With increasing adoption across automotive, food & beverage, chemical, energy & utility, and construction industries, the global PLC market continues to expand in scope and application.

Market Drivers & Trends

The rising trend of smart factories and Industry 4.0 is among the most significant growth drivers. Manufacturers are increasingly adopting automation to reduce operational costs, improve productivity, and enhance precision. PLCs play a critical role in this transformation by allowing control over complex industrial processes with minimal human intervention.

Additionally, the growing need for data-driven decision-making, along with advancements in machine learning and artificial intelligence, is leading to deeper integration of PLCs in industrial settings. As automation becomes central to production and operational strategies, the demand for PLCs is expected to surge further.

Latest Market Trends

One of the most notable trends is the shift toward modular PLCs, which accounted for over 68.2% of the market share in 2022. These PLCs are gaining popularity due to their scalability and suitability for large-scale, complex automation tasks. Modular systems offer higher flexibility, can handle thousands of inputs/outputs, and support multitasking environments—making them ideal for high-volume manufacturing operations.

Another trend is the miniaturization of PLCs, which supports their deployment in compact systems and small machinery, especially in consumer electronics and smaller automated units.

Key Players and Industry Leaders

The competitive landscape is fragmented yet dominated by global industrial automation giants. Leading companies in the PLC market include:

Siemens

Rockwell Automation

Mitsubishi Electric Corporation

Schneider Electric

OMRON Corporation

ABB

Panasonic Corporation

Bosch Rexroth Corporation

Delta Electronics, Inc.

Honeywell International Inc.

These companies continue to drive innovation through strategic partnerships, R&D investments, and product expansions to enhance their market share and global footprint.

Recent Developments

Crouzet, in December 2022, launched Millennium Slim, the slimmest PLC in the world, tailored for compact industrial applications.

In July 2022, OMRON Corporation introduced the CP2E Micro PLC, designed for smaller devices and capable of data collection and machine-to-machine communication. This supports low-cost automation solutions for small- and mid-sized enterprises.

Electronics Corporation of India Limited (ECIL) released its own PLC and SCADA software in May 2022, targeting industrial control applications in Indian manufacturing ecosystems.

These product introductions underline the market’s commitment to technological advancement and responsiveness to evolving industrial demands.

Market Opportunities

The expansion of material handling systems, especially in e-commerce logistics, warehousing, and food processing industries, presents substantial growth potential for PLC integration. In material handling, PLCs streamline storage, movement, and tracking—drastically improving throughput and inventory management.

Additionally, the increasing popularity of energy-efficient manufacturing and sustainability initiatives provides ample opportunity for advanced PLC systems that help monitor and reduce energy consumption across production lines.

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Future Outlook

The future of the programmable logic controller market lies in enhanced interoperability, cloud integration, and edge computing. With greater reliance on smart infrastructure and connected devices, PLCs are expected to evolve into more intelligent, connected controllers.

The incorporation of AI-powered PLCs is expected to revolutionize industrial automation by enabling predictive maintenance, self-diagnosis, and adaptive process control. As PLCs continue to advance, their use will extend beyond industrial sectors into smart cities, transportation systems, and building automation.

Market Segmentation

By Offering:

Hardware: CPU, I/O Modules, Power Supply, Memory System

Software

Services

By Type:

Compact PLC

Modular PLC

Nano, Micro, Small, Medium, and Large PLCs

By Application:

Material Handling

Packaging & Labeling

Process Control

Safety Monitoring

Energy Management

Home & Building Automation

Industrial Equipment Control

By End-use Industry:

Automotive

Energy & Utilities

Food & Beverage

Pharmaceuticals

Construction

Oil & Gas

Semiconductors & Electronics

Regional Insights

Asia Pacific held the largest market share of 36.3% in 2022, led by strong industrial growth in China, Japan, South Korea, and India. The increasing demand for smart manufacturing systems and compact automation solutions in the region is expected to maintain its dominance through 2031.

North America, with a market share of 26.4% in 2022, continues to grow due to early adoption of factory automation and significant investment in smart infrastructure in the U.S. and Canada.

Europe remains a hub for automation technology innovation, with countries like Germany, the U.K., and France focusing on Industry 4.0 implementation across automotive and manufacturing sectors.

Why Buy This Report?

This comprehensive report offers:

Detailed market size, forecast, and growth rate

In-depth competitive landscape and company profiling

Analysis of key market drivers, trends, and opportunities

Region-wise breakdown for strategic decision-making

Porter’s Five Forces, value chain, and trend analysis

Insights into technological developments and their impact

Market segmentation for customized investment strategies

With expert analysis and forward-looking insights, this report serves as a valuable resource for stakeholders, investors, industrial engineers, and policymakers seeking to navigate and capitalize on the fast-evolving programmable logic controller market.

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About Transparency Market Research Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact: Transparency Market Research Inc. CORPORATE HEADQUARTER DOWNTOWN, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA Tel: +1-518-618-1030 USA - Canada Toll Free: 866-552-3453 Website: https://www.transparencymarketresearch.com Email: sales@transparencymarketresearch.com

[industryinsightsandanalysis]

Complex Programmable Logic Devices (CPLD) Market: Current Analysis and Forecast (2024-2032)

According to the UnivDatos Market Insights analysis, the deployment of 5G is driving demand for programmable logic devices in telecommunication infrastructure for signal processing, baseband, and networking equipment. Further, the shift towards automation in manufacturing, industrial IoT, and smart factories is increasing demand for programmable logic in control systems, sensors, and actuators. The market was valued at USD 627.4 million in 2023, growing at a CAGR of 7.4% during the forecast period from 2024 - 2032.

Analysts have also noted rapid growth in the global Complex Programmable Logic Devices (CPLD) market owing to developments in technology and the increased need for intelligent and customizable systems in various sectors. Thus, CPLDs are more and more used in the telecommunication, automotive, consumer electronics, and industrial automation industries as companies keep on developing. These trends can be explained by the overall tendencies of the development of more efficient and adaptable digital technologies.

Factors That Propel the Growth of the CPLD Market:

1. The use of 5G and IoT Technologies

The key factor that is anticipated to boost the growth of the CPLD market includes the growth in the 5G network as well as IoT devices. The improvements in 5G technology, which includes increased bandwidth and faster data transfer rates are making it possible to come up with inter-connected devices such as smart cities and automobiles. CPLDs are an integral part of the hardware in these systems as they offer the flexibility required in the form of programmable logic to undertake challenging data processing operations with the least delay and maximum reliability.

2. Higher Demands for the Automotive Electronics

The automotive sector is one of the most dynamic sectors currently experiencing radical changes in the market through electric vehicles, ADAS, and autonomous driving. Cars are now equipped with more electronics, and this has led to the use of CPLDs in designing features as basic as infotainment displays and as complex as safety features.

3. Size and Reduced Power Requirement

A shift towards portable and power-efficient products has been the driving force behind the development of CPLDs. The application areas that require small-sized and power-efficient circuits include consumer electronics and wearable technology. CPLDs are particularly appropriate to these applications due to their size and their capability to implement many logic functions with low power consumption.

For instance, smartwatches and fitness trackers that are wearable need digital logic to assist in controlling the sensors, display, and other devices. CPLDs which have the capability of functioning in power-conscious environments are now being utilized in these applications to meet the required performance while at the same conserving power.

Trends in the CPLD Market: New Technologies and Developments

1. AI and Machine Learning Integration

Due to the advancement of AI and ML, the CPLD makers are seeking the possibility of incorporating these technologies into their products. Real-time data processing is a common necessity in AI and ML applications and CPLDs which provide fast and deterministic logic are ideal for such applications.

New-age CPLDs are being created in a way that they can support basic machine learning at the edge for leveraging faster decisions in application areas such as robotics, industrial automation, and smart security systems. This innovation enables the creation of advanced, self-governed devices that can perform computations and Decision Making locally without depending on cloud computing.

2. Solutions in the Area of Advanced Packaging and Design.

Another important trend in the CPLD market is the improvement of the advanced packaging technology and the design technique which helps to improve CPLD’s performance and reduce the size and power consumption. The advancement of electronic devices is on the decrease in size, and this has made the market demand for more compact and efficient CPLDs.

Current trends show that manufacturers are exploring state-of-the-art packaging methodologies including 3D stacking and multi-chip modules (MCMs) through which several components can be packaged in one unit. These innovations increase performance by shortening the length of the signal paths between components, increasing density, and lowering power dissipation.

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3. CPLD/FPGA Complex: A Mixture of CPLDs and FPGAs.

To overcome this gap some firms are coming up with hybrid solutions between the low-power CPLDs and the high-power FPGAs. CPLDs and FPGAs are combined to form these hybrid devices which can provide the flexibility and low power consumption associated with CPLDs and the high logic capacity and performance of FPGAs.

Conclusion

The global complex programmable logic devices (CPLD) market is expected to grow at a steady rate in the coming years due to the increasing need for enhanced and flexible digital solutions. Telecommunication, automotive, aerospace, etc., are some of the industries that have embraced the use of CPLDs because of their characteristics such as flexibility, non-volatile memory, and ability to implement complex logic functions with low power consumption. Due to the ever-increasing technology that is demanding more compact and advanced devices in the market; CPLDs are expected to significantly contribute towards the future of digital systems in the world.

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[businessindustry]

Integrated Automation System (IAS) Market, Industry Recent Developments and Latest Technology 2032| Reports and Insights

The Reports and Insights, a leading market research company, has recently releases report titled “Integrated Automation System (IAS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Integrated Automation System (IAS) Market Research, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Integrated Automation System (IAS) Market?

The integrated automation system (IAS) market is expected to grow at a CAGR of 5.6% during the forecast period of 2024 to 2032.

What are Integrated Automation System (IAS)?

An Integrated Automation System (IAS) is an advanced technological solution engineered to unify and enhance diverse industrial processes within a single integrated framework. Through the integration of control systems, sensors, actuators, and software applications, IAS enables smooth communication and coordination among various components and subsystems, facilitating efficient monitoring, management, and control of activities such as production, logistics, and quality assurance. With its capacity to consolidate data, offer real-time insights, and automate repetitive tasks, IAS boosts productivity, lowers operational expenses, and enhances overall efficiency across a broad spectrum of industrial operations.

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What are the growth prospects and trends in the Integrated Automation System (IAS) industry?

The integrated automation system (IAS) market growth is driven by various factors. The market for Integrated Automation Systems (IAS) is experiencing swift expansion, fueled by the growing demand for efficient industrial automation and streamlined operational workflows. With businesses increasingly prioritizing enhanced productivity and cost-effectiveness, IAS solutions have become indispensable across diverse sectors such as manufacturing, energy, automotive, and healthcare. These systems offer seamless integration of control mechanisms, sensors, and software applications, facilitating optimized production, logistics, and quality control processes. Moreover, the increasing adoption of Industry 4.0 principles and the Internet of Things (IoT) further accelerates the IAS market growth, as organizations acknowledge the benefits of centralized data management, real-time monitoring, and predictive maintenance capabilities provided by these sophisticated automation systems. Hence, all these factors contribute to integrated automation system (IAS) market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Component:

Hardware

Software

Services

Type:

Distributed Control System (DCS)

Programmable Logic Controller (PLC)

Supervisory Control and Data Acquisition (SCADA)

Human Machine Interface (HMI)

Others

Industry Vertical:

Manufacturing

Oil and Gas

Energy and Utilities

Automotive

Aerospace and Defense

Chemicals

Pharmaceutical and Healthcare

Food and Beverage

Others

End User:

Small and Medium Enterprises (SMEs)

Large Enterprises

Application:

Process Automation

Discrete Automation

Connectivity:

Wired

Wireless

Functionality:

Plant Automation

Machine Automation

Deployment:

On-premises

Cloud-based

End-Use:

Industrial

Commercial

Solution:

Control Systems

Robotics

MES (Manufacturing Execution System)

Industrial IoT (Internet of Things)

Others

Service:

Consulting

Integration and Implementation

Maintenance and Support

Industry 4.0 Enabler:

Big Data Analytics

Artificial Intelligence

Industrial Cybersecurity

Cloud Computing

Segmentation By Region:

North America:

United States

Canada

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific:

China

India

Japan

South Korea

Australia

New Zealand

ASEAN

Rest of Asia Pacific

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA.

Who are the key players operating in the industry?

The report covers the major market players including:

Siemens AG

Schneider Electric SE

Emerson Electric Co.

Honeywell International Inc.

Rockwell Automation Inc.

Mitsubishi Electric Corporation

Yokogawa Electric Corporation

Omron Corporation

Bosch Rexroth AG

General Electric Company

Johnson Controls International plc

Fanuc Corporation

Schneider Electric SE

Hitachi Ltd.

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[aimarketresearch]

Micro and Nano Programmable Logic Controller Market Size, Share, Trends, Opportunities, Key Drivers and Growth Prospectus

Micro and Nano PLC Market report is an important manuscript for every market enthusiast, policymaker, investor, and market player. The industry report gives an arrangement regarding the market’s components, by pinpointing a couple of edges including limitations, regard chain, utilization foundation, and client affirmation. This market report also involves the drivers and restraints for the Micro and Nano PLC market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the market are by systemic company profiles.

Global Micro and Nano PLC market research report is based on a customer intelligence and competitive study of the market. Moreover, the report endows with deep insights into demand forecasts, market trends, and micro and macro indicators in the market. This market report deals with the analysis of the up-and-coming trends along with major drivers, restraints, challenges and opportunities in the market for Micro and Nano PLC industry. Also, factors that are driving and restraining the market are highlighted in the study. Micro and Nano PLC is an in-depth business intelligence report based on qualitative and quantitative parameters of the market.

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Programmable logic controllers (PLCs) have greatly improved over recent years in terms of capability, usability, communications, and programming flexibility. Because of the advancements in the sector, conventional measurements such controller size, type, and input/output count are now only a distant secondary consideration when selecting a PLC. Today's medium- and small-sized PLCs have features that were unheard of just a few years ago. These smaller PLC units are also far less expensive than standard-sized PLCs, and they are widely used in various specialized applications, such as small machines with a focus on basic serial connections.

Global micro and nano programmable logic controller (PLC) market was valued at USD 8.15 million in 2021 and is expected to reach USD 14.54 million by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

The Micro and Nano PLC market research report displays a comprehensive study on production capacity, consumption, import and export for all the major regions across the globe. The target audience considered for this market study mainly consists of Key consulting companies & advisors, Large, medium, and small-sized enterprises, Venture capitalists, Value-added resellers (VARs), Third-party knowledge providers, Investment bankers, and Investors. This global market analysis report is the believable source for gaining the market research that will exponentially accelerate the business growth. The top notch Micro and Nano PLC market report is the best option to acquire a professional in-depth study on the current state for the market.

Table of Contents: Micro and Nano PLC Market

1 Introduction

2 Global Micro and Nano PLC Market Segmentation

3 Executive Summary

4 Premium Insight

5 Market Overview

6 Micro and Nano PLC Market, by Product Type

7 Micro and Nano PLC Market, by Modality

8 Micro and Nano PLC Market, by Type

9 Micro and Nano PLC Market, by Mode

10 Micro and Nano PLC Market, by End User

12 Micro and Nano PLC Market, by Geography

12 Micro and Nano PLC Market, Company Landscape

13 Swot Analysis

14 Company Profiles

Countries Studied:

North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)

Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)

Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Some of the major players operating in the micro and nano programmable logic controller (PLC) market are

ABB (Switzerland)

Fujitsu (Japan)

Toshiba Corporation (Japan)

Texas Instruments Incorporated (U.S.)

Cree LED (U.S.)

Aixtron (Germany)

Mitsubishi Chemical Corporation (Japan)

Eaton (Ireland)

Siemens (Germany)

Belkin International, Inc (U.S.)

Aukey (China)

Gizmochina  (China)

VisIC Technologies (Israel)

Koninklijke Philips N.V. (Netherlands)

VINA International Holdings LTD. (U.S.)

GaN Systems Inc. (Canada)

Epigan NV (Belgium)

Navitas Semiconductor Ltd.(U.S.)

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[rohitpalan]

Digital Isolator Market's Impressive Growth: US$ 3.3 Billion by 2032

The global digital isolator market is set to witness substantial growth over the forecast period, with a projected Compound Annual Growth Rate (CAGR) of 4.7%. According to Future Market Insights, a leading market research firm, the market is expected to reach a valuation of US$3.3 billion by 2032. The market’s expansion is propelled by a surge in demand for remote sensing technologies, motor control technologies, and small USB connections, which are driving sales across various industries.

In 2022, the global digital isolator market was estimated to be valued at US$2.1 billion, and it is predicted to create an absolute dollar opportunity of US$1.2 billion between 2022 and 2032, reflecting a positive growth trajectory for the industry.

In the industry 4.0 space, demand for programmable logic controllers would rise quickly. They offer a variety of advantages. High-speed Ethernet, great convenience, compact design, and increased flexibility are a few of them.

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Key Takeaways from the Digital Isolator Market Study

The digital insulator market would create an absolute dollar opportunity of US$ 1.2 billion from 2022 to 2032.

The global digital isolator market witnessed a steady growth rate at a CAGR of 5.2% from 2017 to 2021.

North America digital insulator market stood at US$ 0.79 billion in 2021.

The USA digital isolator market size would surpass US$ 1.0 billion in 2032.

The United Kingdom digital isolator market would cross a value of US$ 153.2 million by 2032.

“Digital isolators improve a system’s stability and security by lowering signal interference between circuits. In electronic circuits, especially in industrial electronic devices, they use DC isolation.” – Says a lead analyst.

Competition Analysis – Regional Trends, Region-wise Insights, and Category-wise Insights

The global digital isolator market is characterized by a competitive landscape, with key players vying for a larger market share. Regional trends indicate that North America and Asia Pacific are anticipated to dominate the market due to the rapid industrialization, technological advancements, and high adoption rates of automation solutions. Europe is also projected to exhibit significant growth, driven by the region’s focus on energy-efficient technologies and stringent safety regulations.

Region-wise insights highlight the increasing application of digital isolators in sectors such as automotive, healthcare, telecommunication, and consumer electronics. These diverse applications underscore the versatility and wide-ranging benefits of digital isolators across industries.

Category-wise insights reveal that standalone digital isolators and gate drivers are witnessing strong demand, owing to their ability to ensure signal integrity in a variety of electronic devices and systems.

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As the global digital isolator market continues its upward trajectory, industry stakeholders are poised to capitalize on emerging opportunities and navigate the competitive landscape to achieve sustained growth.

Demand Analysis and Growth Drivers

The growing adoption of remote sensing technologies is a primary driver fueling the demand for digital isolators, especially in the industrial sector. These isolators play a crucial role in enhancing the reliability and safety of remote sensing systems by preventing signal interference and ensuring accurate data transmission. Additionally, the proliferation of motor control technologies is contributing to the market’s growth, as digital isolators are instrumental in ensuring efficient and safe motor operations. Furthermore, the rising popularity of small USB connections is boosting the need for digital isolators in data communication and transfer applications.

Opportunities in the Market

The digital isolator market presents promising opportunities for manufacturers and investors alike. As industries continue to integrate advanced technologies for improved operational efficiency and safety, the demand for reliable signal isolation solutions is expected to surge. This opens avenues for innovation in product development and customization to cater to specific industry needs. Moreover, the ongoing expansion of the electric vehicle market and the increasing deployment of renewable energy systems offer substantial growth prospects for digital isolator manufacturers.

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Global Digital Isolator Market Outlook by Category

By Data Rate:

Less than 25 Mbps

25 Mbps to 75 Mbps

More than 75 Mbps

By Channel:

2 channel

4 channel

6 channel

8 channel

By Vertical:

Industrial

Healthcare

Automotive

Others

By Region:

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

[oliviadlima]

Smart Manufacturing Market to see huge growth by 2031

According to a new report published by Allied Market Research, titled, “Smart Manufacturing Market, by Component (Hardware, Software, Services), by Application (Machine Execution System, Programmable Logic Controller, Enterprise Resource Planning, SCADA, Discrete Control Systems, Human Machine Interface, Machine Vision, 3D Printing, Product Lifecycle Management, Plant Asset Management, Others), by End-User (Automotive, Aerospace and Defense, Chemicals and Materials, Healthcare, Industrial Equipment, Electronics, Food and Agriculture, Oil and Gas, Others): Global Opportunity Analysis and Industry Forecast, 2022–2031” The smart manufacturing market size was valued at $249.50 billion in 2021, and is estimated to reach $860 billion by 2031, growing at a CAGR of 13.7% from 2022 to 2031.

Advancements in technology, particularly in areas such as the Internet of Things (IoT), cloud computing, and big data analytics, are driving the growth of the smart manufacturing industry. These technologies enable manufacturers to collect and analyze large amounts of data in real-time, providing valuable insights and improving decision-making. The Internet of Things (IoT) involves the use of sensors and connected devices to gather data from machines, equipment, and products. This data can then be used to optimize production processes, predict maintenance needs, and improve quality control. Cloud computing allows this data to be stored and processed in a scalable and cost-effective way, enabling real-time monitoring and analysis. Big data analytics allows manufacturers to analyze large amounts of data to identify patterns and insights that can assist decision-making. This can help manufacturers to optimize production, reduce waste, and improve quality control. Machine learning and artificial intelligence can also be used to automate decision-making and improve production efficiency. Advancements in technology are also driving the development of new products and services, such as predictive maintenance and remote monitoring solutions. These solutions can help manufacturers to improve uptime, reduce downtime, and optimize maintenance schedules.

However, high costs associated with implementing smart manufacturing solutions, lack of standardization among suppliers of equipment and protocols, constant need for software updates, and limited use of technologies due to technical issues are among the major factors that will limit market growth The adoption of this technology may be significantly hampered by the substantial initial expenditure needed to deploy smart manufacturing, particularly for small and medium-sized businesses (SMEs). Smart manufacturing technology like cutting-edge sensors, robots, artificial intelligence, and machine learning algorithms can be expensive to purchase and integrate.

Smart manufacturing is revolutionizing the industrial sector by integrating cutting-edge technologies like the Internet of Things (IoT), artificial intelligence (AI), and machine learning. By identifying and fixing errors in real-time, guaranteeing uniform quality across production lines, and cutting waste, these technologies assist producers in raising the caliber of their goods. Smart Manufacturing may give manufacturers real-time insights into the manufacturing process through the use of AI and IoT, helping them to swiftly identify and fix quality concerns. In addition to boosting customer happiness by ensuring that products meet or exceed their expectations, this can result in significant cost savings by lowering the need for manual inspection and rework.

The global smart manufacturing market share is segmented based on component, application, and end-user, and region. By component, it is classified into hardware, software, and services. By application, it is classified into machine execution system, programmable logic controller, enterprise resource planning, Scada, discrete control systems, human machine interface, machine vision, 3D printing, product lifecycle management, plant asset management and others. By end-user, it is classified into automotive, aerospace & defense, chemicals & materials, healthcare, industrial equipment, electronics, food and agriculture, oil & gas, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the smart manufacturing market analysis report include ABB Ltd., Siemens, General Electric, Rockwell Automation Inc., Schneider Electric, Honeywell International Inc., Emerson Electric Co., Fanuc UK Limited, Fujitsu Global, and IBM.

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The report offers a comprehensive analysis of the global smart manufacturing market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present scenario and upcoming trends & developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of Covid-19 on the Global Smart Manufacturing Industry

COVID-19 pandemic disrupted global supply chains, leading to shortages of raw materials and components, and delays in production and delivery. This affected the ability of manufacturers to meet demand and led to increased costs.

The pandemic created significant uncertainty for businesses, as it is difficult to predict how long the pandemic will last and what the long-term impacts will be. This has made it difficult for businesses to plan for the future and make strategic decisions.

The outbreak led to a reduction in investment in many industries, including smart manufacturing. This has led to a slowdown in innovation and development of new technologies.

Key Findings of the Study

Based on component, the hardware sub-segment emerged as the global leader in 2021 and software sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.

Based on application, the product lifecycle management sub-segment emerged as the global leader in 2021 and is predicted to show the fastest growth in the upcoming years.

Based on end-user, the automotive sub-segment emerged as the global leader in 2021 and is predicted to show the fastest growth in the upcoming years.

Based on region, the North America market registered the highest market share in 2021 and is projected to maintain the position during the smart manufacturing market forecast period.

About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

[esgdatainrate]

Filling Equipment Know in Detail about the Global 5G Communication Market Analysis, Forecasts, and Overview and Market Development

Filling Equipment Market Outlook — 2027

The global filling equipment market size is expected to reach $23,499.4 million in 2027, from $17,820.5 million in 2019, growing at a CAGR of 3.9% from 2020 to 2027. Filling equipment are the machines used for filling solid, semi-solid and liquid form of products in the holding containers such as box, bag, pouch or bottle. Filling equipment is convenient for large scale filling of the containers at high speed and with accurate measurement. A large scale production of any material or substance generally takes a lot of time to be filled in the containers. However, filling machines make this work easy, fast and with greater accuracy.

Growth in demand for fast moving consumer goods (FMCG) and pharmaceutical products have led the manufacturing companies to increase the speed of their lines. Hence, there is an increase in demand for the filling equipment, which enables rapid filling of the material while maintaining the accuracy of volume and weight in the containers such as box, bag, pouch, and bottle. Therefore growing need for increased production output is expected to drive the growth of the market. However, the high cost of filling equipment is anticipated to impede the filling equipment market growth. The high cost is mainly due to atomization of the equipment using programmable logic controller (PLC), feedback systems, and use of software increases the cost. Further, some of the food and beverages require aseptic filling equipment that is expensive. However, growing focus of governments on development of small and medium enterprises is expected to provide the filling equipment market opportunity to grow in future.

the filling equipment market is divided into new machinery and spare parts. In 2019, the new machinery segment dominated the filling equipment market, in terms of revenue, and the spare parts segment is expected to grow at a higher CAGR during the forecast period. By process type, it is categorized into manual, semi-automatic and automatic. The automatic segment dominated the market and automatics segment is expected to witness highest growth during the forecast period. By product type, it is divided into solid, semi-solid and liquid. The liquid segment dominated the filling equipment market, in terms of revenue, and semi-solid segment is expected to grow at the higher CAGR during the forecast period. By end-user industry, it is classified into food, beverage, pharmaceutical, personal care, chemical and others. The beverage segment dominated the filling equipment market, in terms of revenue, and pharmaceuticals segment is expected to grow at a higher CAGR during the forecast period. By region, the filling equipment market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In 2019, Asia-Pacific contributed the highest filling equipment market share and is anticipated to secure the leading position during the forecast period, due to rise in manufacturing, filling and packaging of FMCG, pharmaceutical and other consumable products.

Competition Analysis

The filling equipment market analysis by profiles of the major players, such as Accutek Packaging Equipment Companies, Inc., Coesia S.p.A, GEA Group Aktiengesellschaft, JBT, Krones AG, Ronchi Mario S.p.A, Salzgitter AG (KHS Group), Scholle IPN, Syntegon Technology GmbH and Tetra Laval International S.A. are provided in this report. The key strategies adopted by the key players from 2017 to 2019 include product launches, acquisitions, and business expansions. For instance, in October 2018, Krones AG, acquired W.M. Sprinkman Corporation, Wisconsin, U.S. manufacturer of food and beverage processing equipments especially in the brewing and dairy industries. This acquisition is expected to enhance the product portfolio of Krones AG in North America. Similarly, in December 2017, GEA launched an aseptic filling machine called Fillstar CX EVO. This multi-functioning system provides the beverage industry a capacity to easily change between different types of products, from aseptic beverages to carbonated and vice-versa.

Full Report With TOC:-https://www.alliedmarketresearch.com/filling-equipment-market

[ken-research-market-research]

Global Small Programmable Logic Controllers (PLC) Market Research Report: Ken Research

Global Small Programmable Logic Controllers (PLC) Market Research Report: Ken Research

A Programmable Logic Controller (PLC) is a form of ruggedized computer used in industries for automation. They are programmed to automate specific processes, machine functions and sometimes the entire production line. PLCs receive information and data from connected input devices and process these data and trigger output upon their programmed instructions. Based on incoming inputs and outputs,…

[research--blog]

Industrial Automation Software Market Worth $59.5 Billion by 2029 at a CAGR of 7.4%

Industrial Automation Software Market by Product (SCADA, DCS, MES, HMI, PLC, IT and Software Environment Integration Solutions, Production Process Test Systems), Deployment Type, End User, and Geography – Global Forecast to 2029″, the industrial automation software market is expected to register a CAGR of 7.4% from 2022 to 2029 to reach $59.5 billion by 2029.

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An increase in demand for automation for qualitative & reliable manufacturing, the growing need for mass production with reduced operation costs, and the emergence of Industry 4.0 & enabling technologies are the key factors driving the growth of the global industrial automation software market. The emerging automation-driven industries in developing countries provide significant growth opportunities for players operating in this market.

The Impact of COVID-19 on the Global Industrial Automation Software Market

The outbreak of the COVID-19 pandemic has led to a widespread economic downturn as several countries imposed strict lockdowns to contain the infection. These lockdowns have affected diverse industries, primarily due to the impact on manufacturing operations. There has been a significant impact on supply chains globally. Manufacturing & processing companies faced huge losses in the first and second quarters of 2020 due to disrupted supply chains and delayed production schedules. The rapid spread of the coronavirus in the U.S., Europe, and Asian countries resulted in nationwide lockdowns and a temporary halting of production facilities to prevent further spread.

The COVID-19 pandemic led to the downsizing of various businesses and negatively impacted the growth of the industrial automation software market. Various small- and medium-sized enterprises cannot afford the large investment needed for deploying automation for processes.

Speak to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5279

Based on product, the global industrial automation software market is segmented into supervisory control and data acquisition (SCADA), distributed control system (DCS), manufacturing execution system (MES), human machine interface (HMI), programmable logic controller (PLC), IT & software environment integration solutions, production process test systems, automated material handling systems, coordinated data management systems, and automatic storage & retrieval systems. In 2022, the supervisory control and data acquisition (SCADA) segment is expected to account for the largest share of the industrial automation software market. SCADA controls and monitors automation processes that are important for data analysis and takes decisions for optimization. In addition, the rising demand for industrial automation solutions among organizations is expected to boost the growth of the segment. However, the human machine interface (HMI) segment is expected to grow at the highest CAGR during the forecast period.

Based on deployment type, the global industrial automation software market is segmented into on-premise and cloud-based. In 2022, the on-premise segment is expected to account for the largest share of the industrial automation software market. Industries run on-premise servers to gain full control over security. However, the cloud-based segment is expected to grow at the highest CAGR during the forecast period.

Quick Buy – “Industrial Automation Software Market by Product (SCADA, DCS, MES, HMI, PLC, IT and Software Environment Integration Solutions, Production Process Test Systems), Deployment Type, End User, and Geography – Global Forecast to 2029” Research Report: https://www.meticulousresearch.com/Checkout/64951317

Based on end user, the global industrial automation software market is segmented into oil & gas, chemicals & materials, paper & pulp, pharmaceuticals & biotech, mining & metals, food & beverage, power, consumer goods, automotive, machines & tools, semiconductors & electronics, aerospace & defense, and other end users. In 2022, the oil & gas segment is expected to account for the largest share of the industrial automation software market. Some of the major areas highly influenced by automation in the oil & gas sector include drilling operations, diagnostics & inspections, pipeline monitoring systems, weather monitoring systems, and pressure & flow systems. Drilling is one of the major areas that require automation due to its high costs and safety risks.

However, the chemicals & materials segment is expected to grow at the highest CAGR during the forecast period due to the increasing implementation of IoT and process automation solutions. The chemical industry is witnessing intense global competition and low product differentiation, making cost control necessary. In such an environment, automation solutions offer dual benefits of innovation in the areas that matter to consumers and improved cost efficiency throughout optimized production. The chemicals & materials industry also needs to control raw material & energy costs, which can be achieved using IIoT and automation technologies, which is further expected to create opportunities for the market’s growth.

To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/industrial-automation-software-market-5279

Based on geography, the global industrial automation software market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2022, Asia-Pacific is expected to hold the largest share of the industrial automation market, followed by Europe and North America. Government initiatives and policies supporting the digitization of manufacturing plants and investments in the IIoT are major factors boosting the adoption of industrial automation software in the region.

Some of the key players operating in the global industrial automation software market are Emerson Electric Co. (U.S.), ABB Ltd (Sweden), Siemens AG (Germany), General Electric Company (U.S.), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Rockwell Automation Inc. (U.S.), HCL Technologies Ltd.(India), Parsec Automation Corporation (U.S.), SAP SE (Germany), Tata Consultancy Services Limited (India), Hitachi, Ltd. (Japan), OMRON Corporation (Japan), Aegis Industrial Software Corporation (U.S.) and IBM Corporation (U.S.).

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[sjsuraj]

Retail Printers and Consumables Market This is How Leading Companies Are Dominating the Global Market

The Global Retail Printers and consumables market is projected to grow at a healthy CAGR of 5.3% and 5.0%, respectively, in terms of value over the forecast period of 2017 to 2027 primarily driven owing to increasing application in end-use industry. Retail printers are electronic devices typically designed for printing of labels and receipts that are used within the retail space. Retail printers usually do not have programmable logic controllers of its own, but relies on an external system. Label and receipt printers are adopted for speedy and efficient printing of labels and receipts.

These devices find applications in various industrial verticals like manufacturing, logistics, healthcare etc. However, its utilization in the retail industry overshadows all other verticals prompting the manufacturers to register long term tie ups with various small scale and large scale retailers. The consumables used within these printers are labels, ribbons and paper. Ribbons and labels are used in conjunction with label printers utilized exclusively to generate labels while paper is typically used to generate receipts at POS stations.

To Know More@  https://www.futuremarketinsights.com/reports/retail-printers-and-consumables-market

[sanjay-chem]

Cleaning In Place Market Market by Size, Share, Demand & Trends by 2032

Cleaning In Place Market forecasted to registering 8.5% CAGR during the forecast period (2022-2032) and projected to reach US$ 16,496.1 Million by 2032. Cleaning In Place (CIP) involves cleaning manufacturing equipment used in the food and beverage industry without dismantling the complete machinery set. This system has significant importance in the food and beverage industry. This is due to its capability to help maintain hygiene and keep machinery equipment clean and safe from bacteria.

Some parts of the machinery such as pipelines, heat exchangers, mixing tanks, fillers, bends and others used in processing food items often contain food residue which provides a nutritional base for bacteria to thrive, and this will affect the quality of the next food item to be produced and also increases the chances of microbial contamination.

Hence, there is need for Cleaning In Place as it’s the only way which food items can be Other benefits attributed to the used of cleaning in place system in the food processing industry include; maintenance of labor, it saves time as it doesn’t require the dismantling of entire machinery before cleaning can be done, its economical since the solution used in cleaning and rising water can be recycled.

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Cleaning In Place can be carried out manually operated system or fully automated system depending on the nature of soil and film that needs to be removed from the machinery. The fully automated system includes;  Programmable Logic Controller panels (PLC), sensors and data acquisition, and its advantageous over the manually operated system owing to the fact cleaning can be done within few hours, it is economical and improves production process

Cleaning In Place Market Driven by Growing Consumers’ Demand for Convenience Food

These days, there has been an inclination to demand convenience food items due to consumers’ busy lifestyles and inability to cook. The rise in demand for convenience food affects the cleaning-in-place market because the food and beverage industry will have to meet up with the convenience food supply, which is often processed in machinery, and the machinery needs to be cleaned regularly to prevent microbial contamination. Hence, an increase in demand for convenience food is tantamount to an increase in demand for cleaning in place system and vice versa. Also, with the increasing preference for Food hygiene and maintenance, key players in the food processing industry are adhering to strict Cleaning In Place practice after every production shift.

Furthermore, increasing disposable income in developing nations is a major factor slated to accelerate the growth of the global cleaning in place market over the forecast period. Countries like China, India, and Japan have raised the per capita income of workers, and this will help fuel the growth of the cleaning in place market since there will be an increase in demand for ready-to-eat-meal.

Cleaning In Place Market: Region-wise Analysis

North America and Europe are the largest markets for the global Cleaning In Place market due to the rise in demand for food products free of contaminants. Consumers’ within these regions are conscious of their health and are ready to spend on food products free of microorganisms. These regions are expected to remain in dominance over the forecast period. Both regions are also slated to record a healthy CAGR during the forecast period. Other regions are small made for the cleaning in place market, so they are expected to witness moderate growth over the foreseeable period.

Read More: https://www.futuremarketinsights.com/reports/cleaning-in-place-cip-market

[harshnews]

Micro and Nano Programmable Logic Controller (PLC) Market Size, Share, Key Drivers, Trends, Challenges and Competitive Analysis

"Global Micro and Nano Programmable Logic Controller (PLC) Market – Industry Trends and Forecast to 2029

Global Micro and Nano Programmable Logic Controller (PLC) Market, By Type (Micro PLC, Nano PLC), Offering (Hardware, Software, Services), Architecture (Fixed PLC, Modular PLC), Industry (Automotive Industry, Chemicals and Fertilizers Industry, Food and Beverages Industry, Home and Building Automation Industry, Metals and Mining Industry, Oil and Gas, Pharmaceutical Industry, Pulp and Paper Industry, Power, Water and Wastewater Industry) – Industry Trends and Forecast to 2029

Access Full 350 Pages PDF Report @

**Segments**

- **Type**: The Micro and Nano PLC market can be segmented by type, with micro PLCs being designed for simpler control systems with fewer I/O points and nano PLCs being even smaller and more cost-effective, ideal for applications with extremely limited space and basic functions.

- **End-User**: Another important segmentation is by end-user industry, where micro PLCs are commonly used in industries such as automotive, packaging, and material handling, while nano PLCs find applications in home automation, lighting control, and other small-scale operations.

- **Region**: Geographically, the market can be segmented into regions such as North America, Europe, Asia-Pacific, Middle East, and Africa. Each region may have different adoption rates and preferences for micro and nano PLCs based on their industrial landscape and technological advancements.

**Market Players**

- **Siemens AG**: A prominent player in the Micro and Nano PLC market, Siemens offers a wide range of PLC products catering to various industries. With a strong global presence and a focus on innovation, Siemens continues to be a key player in the market.

- **Rockwell Automation, Inc.**: Another major market player, Rockwell Automation specializes in industrial automation and control systems, including micro and nano PLCs. The company's technological expertise and established customer base position it as a significant competitor in the market.

- **Mitsubishi Electric Corporation**: Known for its advanced automation solutions, Mitsubishi Electric is a key player in the micro and nano PLC market. The company's high-quality products and comprehensive range of offerings make it a preferred choice for many industries.

- **Schneider Electric SE**: Schneider Electric is a leading provider of energy management and automation solutions, including micro and nano PLCs. With a focus on sustainability and efficiency, the company continues to expand its presence in the market.

- **ABB Ltd.**: ABB is a multinational company known for its expertise in robotics, power, and automation technologies. The company'sSiemens AG, one of the key players in the Micro and Nano PLC market, has maintained its strong position through a combination of technological innovation, industry expertise, and global reach. The company's diverse product portfolio caters to a wide range of industries, allowing it to capture numerous market segments effectively. Siemens' continuous investment in research and development ensures that its PLC products remain at the forefront of technology, offering customers cutting-edge solutions for their automation needs. Additionally, Siemens' focus on sustainability and energy efficiency aligns well with the growing industry trends, further solidifying its position in the market.

Rockwell Automation, Inc. is another significant player in the Micro and Nano PLC market, renowned for its industrial automation solutions and expertise. The company's established reputation for delivering reliable and high-performance control systems has made it a preferred choice for many industries worldwide. Rockwell Automation's commitment to technological advancement and customer-centric approach has enabled it to stay competitive in a rapidly evolving market landscape. By offering a comprehensive range of PLC products tailored to different application needs, Rockwell Automation continues to attract a diverse customer base and expand its market presence.

Mitsubishi Electric Corporation's presence in the micro and nano PLC market is characterized by its focus on advanced automation solutions and product quality. The company's reputation for providing robust and reliable PLCs has earned it a strong position in the market, especially in industries that demand precision control and high performance. Mitsubishi Electric's commitment to innovation and continuous improvement ensures that its PLC products meet the evolving needs of customers across various sectors. By emphasizing user-friendly interfaces, scalability, and flexibility in its offerings, Mitsubishi Electric remains competitive in a competitive market landscape.

Schneider Electric SE, a leading provider of energy management and automation solutions, has established itself as a significant player in the Micro and Nano PLC market. The company's comprehensive product portfolio, which includes a range of PLCs suited for different applications, enables it to address diverse customer requirements effectively. Schneider Electric's focus on sustainability and efficiency aligns well**Segments:**

- **Type**: The Micro and Nano PLC market can be segmented by type into micro PLCs and nano PLCs. Micro PLCs are designed for simpler control systems with fewer I/O points, while nano PLCs are even smaller and more cost-effective, ideal for applications with limited space and basic functions.

- **End-User**: Another important segmentation is by end-user industry, where micro PLCs are commonly used in industries such as automotive, packaging, and material handling. On the other hand, nano PLCs find applications in home automation, lighting control, and other small-scale operations.

- **Region**: Geographically, the market can be segmented into regions such as North America, Europe, Asia-Pacific, Middle East, and Africa. Each region may have different adoption rates and preferences for micro and nano PLCs based on their industrial landscape and technological advancements.

**Market Players:**

Siemens AG, Rockwell Automation, Inc., Mitsubishi Electric Corporation, Schneider Electric SE, and ABB Ltd. are key players in the Micro and Nano PLC market. These companies offer a wide range of PLC products catering to various industries and have established a strong global presence in the market.

**Global Micro and Nano Programmable Logic Controller (PLC) Market:**

- **Type**: The market is segmented into Micro PLC and Nano PLC categories. - **Offering**: Includes hardware, software, and services. - **Architecture**: Divided into fixed PLC and modular PLC. -

Table of Content:

Part 01: Executive Summary

Part 02: Scope of the Report

Part 03: Global Micro and Nano Programmable Logic Controller (PLC) Market Landscape

Part 04: Global Micro and Nano Programmable Logic Controller (PLC) Market Sizing

Part 05: Global Micro and Nano Programmable Logic Controller (PLC) Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

Core Objective of Micro and Nano Programmable Logic Controller (PLC) Market:

Every firm in the Micro and Nano Programmable Logic Controller (PLC) Market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.

Size of the Micro and Nano Programmable Logic Controller (PLC) Market and growth rate factors.

Important changes in the future Micro and Nano Programmable Logic Controller (PLC) Market.

Top worldwide competitors of the Market.

Scope and product outlook of Micro and Nano Programmable Logic Controller (PLC) Market.

Developing regions with potential growth in the future.

Tough Challenges and risk faced in Market.

Global Micro and Nano Programmable Logic Controller (PLC) top manufacturers profile and sales statistics.

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[prabha194]

By 2027, Emergency Shutdown System Market Size, Share, and Global Analysis will be provided

Latest market study on “Emergency Shutdown System Market to 2027 by Component (Switches, Sensors, Programmable Safety Systems, Safety Valves, Actuators, and Others), Control Method (Pneumatic, Electrical, Fiber Optic, and Hydraulic), End-User Industry (Oil & Gas, Refining, Power Generation, Chemical, and Others); - Global Analysis and Forecast”, the emergency shutdown system market is estimated to reach US$ 2.43 Bn by 2027 from US$ 1.41 Bn in 2018. The report includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments.

Emergency shutdown system (ESD) is designed to minimize the impact of emergencies that are typically associated with unregulated flooding, hydrocarbon escape, or fire outbreaks in areas containing hydrocarbons or sectors that may otherwise be risky. Traditionally, risk analysis concluded that a high safety integrity rating, usually SIL 2 or 3, is required for the emergency shutdown program. The system primarily consists of device logic for incoming signal processing, field-mounted sensors, valves, and trip relays, warning, and HMI modules. The device processes input signals and triggers the outputs according to the cause and effect charts defined for the installation. Oil and gas are the primary fields for emergency shutdown systems worldwide is expected to create new opportunities for the global Emergency shutdown system market during the forecasted period.

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The modernization of gaining industrial infrastructure and process systems across prominent market players across developed and developing economies is projected to continue to provide steady market growth opportunities for the market players during the coming years. Also, the growing trend of industrial control systems through technology enabled across multiple industry verticals is expected to encourage the adoption among considerably large small and medium enterprise across different industry verticals. Emergency shutdown systems are mostly deployed in manufacturing, power generation, oil & gas, and several other industries. Of all the end-user industries, the oil & gas industry is the largest source of demand for emergency shutdown systems and held the largest market share in 2018. The market is driven by the surge in demand to minimize hydrocarbon leakages, especially in off-shore oilfield-based projects, consolidation of industrial control systems for improving efficiencies/control room modernization, and continuous growth in the refining capacity. However, limited penetration across SMEs in emerging economies and narrow scope for cross vertical standardization might hamper the market growth during the forecast period.

The prominent market players in the emergency shutdown systems market are ABB Ltd, Cameron International Corporation, Emerson Electric Co., General Electric Company, Honeywell International Inc., National Oilwell Varco, Inc., OMRON Corporation, Schneider Electric SE, Siemens AG, and Yokogawa Electric Corporation, among others for a considerable share of the market owing to their product offerings to the emergency shutdown systems market. For instance, in July 2016, Honeywell International Inc. launched a new product, Touch point Plus, an integrated gas and logic safety control system. It has an intuitive touch screen interface feature that provides easy setup and visibility. Number of well-known players and small local companies are present in the market to provide emergency shutdown systems services to their broad community of consumers. The larger firms are adopting the strategy of partnership, contractual alliances for the deployment of emergency shutdown systems solutions to enhance their customer portfolio and expand footprint in different geographies.

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us Contact Person: Sameer Joshi Phone: +1-646-491-9876

[isucheta]

Industrial Automation Market Size and Development Trends 2020 Competition Pattern, Business Growth, Global Opportunities, Product Situation

At 7.6% CAGR, the global industrial automation market is speculated to be worth US$ 233.94 billion by 2028, says The Insight Partners

According to The Insight Partners’ research, the global industrial automation market was valued at US$ 132.78 billion in 2020 and is anticipated to reach US$ 233.94 billion by 2028, registering an annual growth rate of 7.6% from 2021 to 2028. New product development based on machine vision technology with the aid of huge company investments has been one of the key aspects fueling the market expansion. In January 2022, the Khronos Group and European Machine Vision Alliance (EMVA) jointly introduced an open and royalty-free API standard to maintain the camera system’s runtime, especially for automotive, embedded, mobile, industrial, XR, and scientific industries.

In 2021, due to the COVID-19 pandemic, companies catalyzed industrial automation to maintain hassle-free operations and meet the increasing demands by deploying machine vision technology. These efforts fostered the digital infrastructure and supported the remote workers.

On the contrary, the overall installation cost for automated machinery and solutions, including material and labor costs, is significantly higher than traditional solutions across industries. The integration or uptake of such technologies also requires skilled laborers to operate the same. Thus, the adoption of industrial automation is slow across developing and underdeveloped countries. Such factors are restraining the uptake of industrial automation among developing and underdeveloped countries, limiting the market's growth.

Based on component, the industrial automation market sphere is bifurcated into hardware and software. The former held 69.1% market share in 2020, amassing US$ 91.73 billion. It is projected to garner US$ 155.14 billion by 2028 to expand at 7.0% CAGR during 2021–2028.

By system, the industrial automation market is segmented as supervisory control and data acquisition, distributed control system, programmable logic control, and others. With 57.7% share of the domain, the others segment dominated the market in 2020. It accrued US$ 76.64 billion in 2020 and is estimated to generate US$ 141.88 billion by 2028 surging at 8.1% CAGR over the forecast period.

Our regional analysis states that Asia Pacific captured 38.4% market share in 2020. It was assessed at US$ 50.93 billion in 2020 and is likely to hit US$ 98.67 billion by 2028, exhibiting a CAGR of 8.8% during the forecast period.

Key players dominating the global industrial automation market are ABB LTD.; B&R Industrial Automation GmbH; HITACHI LTD.; Industrial Automation (M) SDN BHD.; Koyo Electronics Industries Co., LTD.; Mitsubishi Electric Corporation; Omron Corporation; Rockwell Automation; Siemens; and Yokogawa Electric Corporation, among others.

In 2022, Hitachi, Ltd and Hitachi Industrial Equipment Systems Co., Ltd started pacing up the global development of the line building business by optimizing industrial robots. The establishment of Hitachi Automation, Ltd on April 1, 2022, by reorganizing the activities and resources has reinforced the robotic SI business in Japan and ASEAN countries.  

In 2021, Mitsubishi Electric Corporation developed seven new X-Series products, including two HVIGBTs and five HVDIODEs, bringing the total number of X-Series power semiconductor modules to 24. These new products are designed for increasingly large-capacity, small-sized inverters used in traction motors, DC-power transmitters, large industrial machinery, and other high-voltage, large-current equipment.

In 2021, Emerson launched its Copeland VFD product line, designed for maximum compatibility with compression products to reduce the costs and complexities of VFD implementation. The Copeland EVM VFD series serves applications with minimal control functionality requirements, such as chillers, medical refrigeration, display cases, walk-ins, and reach-ins.

In 2020, OMRON commenced its automation center in Tokyo. This new facility allows customers to experience and test state-of-the-art FA, effortlessly integrating IoT, robotics, AI, and other cutting-edge technologies.

[ananya5400]

Food Robotics Market Projected to Garner Significant Revenues by 2026

 According to MarketsandMarkets, The global food robotics market size is estimated to be valued at USD 1.9 billion in 2020 and projected to reach USD 4.0 billion by 2026, recording a CAGR of 13.1% during the forecast period. The demand for food robotics is increasing significantly owing to surging demand for food with increasing population and increasing demand for enhanced productivity in food processing. Additionally, increasing investments in automation in the food industry is projected to provide growth opportunities for the food robotics market.

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Opportunities: Increasing functionality of robots

Traditionally, the functionality and use of robots was limited to heavy payload in transportation equipment manufacturing. However, with the increasing functionality of robots more industries, such as the food processing industry are adopting automation with mainly low payload robots. Sections such as dairy and bakery in the food & beverage industry are minimizing human contact in the production process in order to comply with health authority standards. There is an opportunity for the food robotics market to grow with the increase in functionality of robots to include packaging, repackaging, and palletizing.

Challenges: High installation cost of robotic system

Most food manufacturers are reluctant to adopt automated processes due to the installation cost over and above the price of the robot. The added cost to turn the individual robots into a comprehensive robotic system, peripheral equipment such as safety barriers, sensors, programmable logic controllers (PLC), human machine interface (HMI), and safety systems is a challenge for market growth. Additionally there are engineering costs for programming, installation, and commissioning. These additional costs pose a challenge for the growth of the food robotics market. Small- and medium-scale manufacturers are reluctant to incur high initial costs of installation as it could extend the period to achieve the break-even point.

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The European region dominates the food robotics market with the largest share in 2020.

The European food robotics market is driven by high investment in research & development with regard to technology, along with the rise in demand for packed, ready-to-cook, and high-quality food products. The European Robotics Association started monitoring in European Union activities, policies, and funding in the new robot technology to strengthen the international market for food & beverage manufacturing, which is likely to impact the adoption of food robotics positively.

This report includes a study on the marketing and development strategies, along with the product portfolios of leading companies. It consists of profiles of leading companies, including ABB Group (Switzerland), KUKA AG (Germany), Fanuc Corporation (Japan), Kawasaki Heavy Industries Ltd. (Japan), Rockwell Automation Inc. (U.S.), Mitsubishi Electric Corporation (Japan), Yasakawa Electric Corporation (Japan), Denso Corporation (Japan), Nachi-Fujikoshi Corporation (Japan), OMRON Corporation (Japan), Universal Robots A/S (Denmark), Staubli International AG (Switzerland), Bastian Solutions LLC (U.S.), Schunk GmbH (Germany), Asic Robotics AG (Switzerland), Mayekawa Mfg. Co. Ltd. (Japan), Apex Automation & Robotics (Australia), Aurotek Corporation (Taiwan), Ellison Technologies Inc. (U.S.), Fuji Robotics (Japan), and Moley Robotics (U.K.).

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Li-Fi Market is Booming Worldwide 2023 | Market Research Future

Market Overview

Global Functional Safety Market is expected to reach USD 5,691.0 Million by 2026 at a CAGR of 5.33% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years. In the past, walkie talkie was mainly used for security purposes. The functional safety systems are also used as fire and gas monitoring control, turbomachinery control, and burner management systems, among others. In 2017, Exida certified Emerson Process Management Valve Automation, Inc. for functional safety required for maintaining safety and integrity.

Segmental Analysis

Global Functional Safety Market has been segmented based on Devices, System, End-User, and Region.

Based on system, the global market has been segmented into safety instrumented systems (sis), turbo machinery control (TMC), supervisory control system, burner management systems (BMS), emergency shutdown systems (ESD), fire & gas monitoring control, industrial control systems, high-integrity pressure protection systems (HIPPS), distributed control systems (DCS). The industrial control systems segment accounted for the largest market share of 16.4% in 2019, with a market value of USD 654.4 million; it is expected to register a CAGR of 4.9% during the forecast period. The supervisory control systems segment was the second-largest market in 2019, valued at USD 569.0 million; it is projected to exhibit a CAGR of 5.3%. As per the ISA S84.01 and IEC 61508, SIS is defined as a distinct, reliable system that is used to safeguard a process to prevent a catastrophic release of toxic, flammable, or explosive chemicals. These systems are responsible for ensuring the safe operations in a plant or facility and monitoring the condition of values and the parameters of a plant within the operational limits, whenever the operation exceeds such limits. Functional safety for turbine and controls is one of the major needs in the energy sector as a small mishap can result in the loss of human lives and high damage costs. A safety supervisory control system is an integrated system that comprises a hardware and software component designed to monitor and regulate complex industrial processes. BMS is a safety solution, which enables the safe start-up, operation, and shut down of multiple process burners in a facility. ESD are specifically designed to minimize the effects of emergencies such as uncontrolled flooding, gas leaks, and fire outbreak, among others. HIPPS is a safety system designed to prevent unsafe conditions in work environments caused by high pressure. A HIPPS solution primarily consists of an initiator, logic solver, and final element.

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By end-user, the market has been segmented into oil & gas, metal & mining, retail and wholesale, manufacturing, food & beverage, water & wastewater, and others. The oil & gas segment accounted for the largest market share of 25.4% in 2019, with a market value of USD 1,012.5 million; it is expected to register a CAGR of 6.3% during the forecast period. Governments across the globe impose heavy restrictions on oil and gas companies owing to the risks associated with their operations. Mining and metal companies across the world are rapidly adopting automation to modernize operations. They are increasing the deployment of automated drilling operations and driverless haulage trucks, driving efficiency, increasing productivity, and decreasing expenditure. The increasing adoption of IoT in the retail sector is expected to drive the demand for functional safety systems in the global market during the forecast period. The growing population has led to an increase in demand for products, resulting in heavy pressure on the manufacturing industry. The food & beverage industry is under continuous pressure to provide high-quality products at the lowest price with consistent production.

The global functional safety market, by region, has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and Central & South America. North America accounted for the largest market share of 35.22% in 2019, with a market value of USD 1,406.7 million; the market is expected to register the highest CAGR of 5.8% during the forecast period. Europe was the second-largest market in 2019, valued at USD 1,233.1 million; the market is projected to exhibit a CAGR of 4.6%. North America dominates the functional safety market based on the region due to existing infrastructure and major players’ presence in this region. Due to strict government regulations related to the designing and assessment of machinery for all its functions in all operating modes, Europe was the second largest region.

Competitive Analysis

The key players of the Global Functional Safety Market are Honeywell International Inc., ABB Ltd., Schneider Electric SE, Emerson Electric Co., General Electric Co., Endress+Hauser Management AG, Siemens AG, Omron Corporation, Rockwell Automation Inc., and Yokogawa Electric Corporation among others.

In December 2017, Rockwell Automation acquired Odos Imaging, a Scottish technology company that provides three-dimensional, time-of-flight sensing systems for industrial imaging applications. This acquisition enabled the company to expand its portfolio of smart sensing and safety products, an important part of the foundation for The Connected Enterprise.

June 2017, Rockwell Automation launched the Allen-Bradley GuardShield 450L safety light curtain system designed to enhance safety while improving productivity through transceiver technology. The light curtain system features a patented transceiver design that employs plug-in modules to establish each unit’s function as a transmitter or receiver. Once powered up, the transceiver learns its functionality from the plug-in module.

In June 2018, Yokogawa launched the OpreX Profit-driven Operation, a solution for process industries that drives seamless alignment with plant management objectives across the organization. The solution is centered on a methodology of interrelated performance indicators distilled from Yokogawa’s extensive domain knowledge and promotes profitability by optimizing the balance between conflicting objectives.

Table of Content:

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 DRIVERS

4.2.1 INCREASE IN THE NUMBER OF MOBILE APPLICATIONS

4.2.2 INTRODUCTION OF GOVERNMENT POLICIES AND SAFETY STANDARDS

4.2.3 DRIVERS IMPACT ANALYSIS

4.3 RESTRAINT

4.3.1 SIGNIFICANT INVESTMENT REQUIRED FOR INSTALING FUNCTIONAL SAFETY SYSTEMS

4.3.2 RESTRAINT IMPACT ANALYSIS

4.4 OPPORTUNITY

4.4.1 INCREASING USE OF IIOT

4.5 CHALLENGE

4.5.1 LACK OF SKILLED EXPERTISE IN IMPLEMENTING FUNCTIONAL SAFETY

4.6 IMPACT OF COVID-19 ON THE GLOBAL FUNCTIONAL SAFETY MARKET

4.6.1 IMPACT ON MANUFACTURERS

4.6.2 IMPACT ON SUPPLY CHAIN

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS

5.1.1 DESIGNERS AND PROGRAMMERS

5.1.2 SOFTWARE DEVELOPERS

5.1.3 SYSTEM INTEGRATORS

5.1.4 SERVICE PROVIDERS

5.1.5 END USERS

5.2 PORTER’S FIVE FORCES MODEL

5.2.1 THREAT OF NEW ENTRANTS

5.2.2 BARGAINING POWER OF SUPPLIERS

5.2.3 THREAT OF SUBSTITUTES

5.2.4 BARGAINING POWER OF BUYERS

5.2.5 INTENSITY OF RIVALRY

6 GLOBAL FUNCTIONAL SAFETY MARKET, BY DEVICES

6.1 OVERVIEW

6.2 ACTUATORS

6.3 SAFETY SENSORS

6.4 FINAL CONTROL ELEMENTS

6.5 SAFETY CONTROLLERS/MODULES/RELAYS

6.6 PROGRAMMABLE SAFETY SYSTEMS

6.7 EMERGENCY STOP DEVICES

6.8 SAFETY SWITCHES

6.9 VALVES

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