PUBLISHER: The Business Research Company | PRODUCT CODE: 1499914
PUBLISHER: The Business Research Company | PRODUCT CODE: 1499914
Programmable automation controllers (PACs) are advanced industrial control devices that merge the functionalities of traditional programmable logic controllers (PLCs) with those of industrial computers. They play a pivotal role in modernizing industrial automation, empowering manufacturers to achieve heightened productivity levels, flexibility, and competitiveness in today's dynamic market landscape.
The primary types of programmable automation controllers include integrated type, distributed type, and I/O type. An integrated type refers to a system or device that consolidates multiple functions or components into a unified unit. This category encompasses various products, including hardware and software, utilized across diverse applications such as oil and gas, machine manufacturing, electrical and electronics, aerospace and defense, chemicals, pharmaceuticals, automotive and transportation, among others.
The programmable automation controllers market research report is one of a series of new reports from The Business Research Company that provides programmable automation controllers market statistics, including programmable automation controllers industry global market size, regional shares, competitors with a programmable automation controllers market share, detailed programmable automation controllers market segments, market trends and opportunities, and any further data you may need to thrive in the programmable automation controllers industry. This programmable automation controllers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The programmable automation controllers market size has grown strongly in recent years. It will grow from $6.84 billion in 2023 to $7.25 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth observed in the historical period can be attributed to several factors, including the introduction of programmable logic controllers, advancements in microprocessor technology, the integration of human-machine interface (HMI), the adoption of open architecture standards, and the implementation of industry 4.0 initiatives.
The programmable automation controllers market size is expected to see strong growth in the next few years. It will grow to $9.23 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The projected growth in the forecast period can be attributed to several factors, including the increasing adoption of Internet of Things (IoT) technologies, a rising need for operational efficiency, growing demand for flexibility and scalability, a heightened focus on energy efficiency, and the emergence of edge computing. Major trends expected in the forecast period encompass the implementation of predictive maintenance solutions, compliance with industry standards, advancements in human-machine interface (HMI) and visualization technologies, optimization of energy efficiency, and efforts towards interoperability and standardization.
The programmable automation controller market is poised for growth, driven by the increasing demand for automation across various industries. Automation, which involves integrating technologies to streamline tasks with minimal human intervention, is sought after for its ability to boost efficiency, cut costs, improve quality, optimize supply chains, and meet customization needs. Programmable automation controllers are integral to modernizing manufacturing processes, enhancing productivity, and delivering robust processing capabilities. For example, data from the International Federation of Robotics reveals a 31% year-over-year growth rate in new industrial robot installations, totaling around 5.17 million in 2021. Hence, the rising automation demand in diverse industries fuels the programmable automation controller market's expansion.
Key players in the programmable automation controllers market are innovating with advanced systems like the PLC410 flexible logic controllers to support scalable automation, reduce downtime, and enhance productivity. The PLC410, a specialized industrial computer utilized for automating electromechanical processes, is designed to control machinery on factory assembly lines, amusement rides, or lighting fixtures. For instance, WEG Industries introduced the PLC410 in February 2024 to provide innovative solutions for industrial applications. This versatile programmable logic controller elevates industrial automation processes, aligning with WEG's commitment to delivering cutting-edge technology for efficient motor management and predictive maintenance solutions. It boasts features tailored for industrial applications requiring high reliability, easy programming, and process fault diagnosis.
In November 2023, Huizenga Automation Group expanded its automation portfolio by acquiring GSE Automation, a move aimed at strengthening its foothold in industrial automation and enhancing its offerings within the industry. GSE Automation, an industrial automation services company specializing in manufacturing programmable automation controllers, aligns with Huizenga Automation Group's strategic goals.
Major companies operating in the programmable automation controllers market are Siemens Aktiengesellschaft, General Electric Company, Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd, Eaton Corporation, Emerson Electric Co., Delta Electronics Inc., Rockwell Automation Inc., Keyence Corporation, Bosch Rexroth AG, Omron Corporation, Yokogawa Electric Corporation, IDEXX Laboratories Inc., Beckhoff Automation GmbH & Co. KG, Phoenix Contact GmbH & Co. KG, Advantech Co. Ltd., WAGO Kontakttechnik GmbH & Co. KG, B&R Industrial Automation GmbH, IDEC Corporation, Turck Group, Red Lion Controls Inc., Unitronics Ltd., Pilz GmbH & Co. KG
Asia-Pacific was the largest region in the programmable automation controllers market in 2023. The regions covered in the programmable automation controllers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the programmable automation controllers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The programmable automation controllers market consists of revenues earned by entities by providing services such as system integration, remote monitoring and diagnostics, documentation and compliance, training and support, and customization. The market value includes the value of related goods sold by the service provider or included within the service offering. The programmable automation controllers market also includes sales of racks and enclosures, safety components, sensors, and actuators, embedded PACs and networking equipment. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Programmable Automation Controllers Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on programmable automation controllers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for programmable automation controllers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The programmable automation controllers market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.