Blockchain Press Releases
Programmable Logic Controller (PLC) Market Size to Grow USD 19510 Million by 2029 with a CAGR of 5.3% | Valuates Reports

BANGALORE, India, Aug. 9, 2023 /PRNewswire/ — Programmable Logic Controller (PLC) Market is Segmented by Type (Nano, Micro, Medium, Large), by Application (Petrochemical and Gas Industry, Steel Industry, Automobile Industry, Electrical And Electronics Industry, Semiconductor Industry, Power Industry): Global Opportunity Analysis and Industry Forecast, 2023-2029.
Due to the COVID-19 pandemic, the global Programmable Logic Controller (PLC) market size is estimated to be worth USD 13560 Million in 2022 and is forecast to a readjusted size of USD 19510 Million by 2029 with a CAGR of 5.3% during the forecast period 2023-2029.
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Major Factors Driving the Growth of Programmable Logic Controller (PLC) Market:
Over the forecast period, high demand for PLC from various end-use industries is anticipated to propel market expansion.
During the forecast period, an increase in industrial automation or a growing acceptance of Industry 4.0 is anticipated to fuel the growth of the PLC market. Industry 4.0 is transforming how businesses produce, enhance, and distribute their goods. With the introduction of Industry 4.0, numerous industrial facilities are embracing digital technology to improve, automate, and modernize the entire process, enhancing the facilities’ performance.
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TRENDS INFLUENCING THE GROWTH OF PROGRAMMABLE LOGIC CONTROLLER MARKET:
The adoption of Industry 4.0 standards and the development of automation have been key market drivers for PLCs. PLCs are essential for enabling smart manufacturing processes since industries are increasingly focused on efficiency, productivity, and cost-cutting. PLCs aid in the integration of data from numerous devices, enabling smooth system and machine communication, increasing output, and decreasing downtime.
The need for PLCs has increased as a result of the manufacturing industry’s ongoing expansion and modernization. These controllers provide flexible manufacturing processes and automation, enabling businesses to respond swiftly to shifting consumer demands and enhance production cycles. Furthermore, PLCs play a crucial role in maximizing energy use and monitoring resource utilization as industries work to lower their environmental effect and energy consumption. PLCs are a good option for organizations that care about the environment since they improve process control by being more accurate and effective.
Industrial automation has been transformed by the Internet of Things (IoT) and Industrial Internet of Things (IIoT) technologies combined with PLCs. PLCs may receive real-time data from IoT-enabled sensors and devices, enabling data-driven decision-making, remote monitoring, and predictive maintenance. This integration has created new possibilities for improved productivity and data-driven improvements. Process optimization is becoming more and more important, and PLCs provide unmatched flexibility in programming and control, making it possible to optimize processes precisely. Industries are putting more of an emphasis on cutting waste, improving product quality, and making sure everything runs smoothly. PLCs give them the precise control and data-driven insights they need to accomplish these objectives.
The demand for PLCs is increasing as emerging economies continue to engage in infrastructure improvement and industrialization. These nations strive to improve their industrial capacities and maintain their competitiveness on the international scene. To fulfill the needs of their developing industrial sectors, there is an increasing requirement for automation systems like PLCs.
PLC troubleshooting is fairly simple compared to relay logic. To show the IO status, LED indicators are placed over the controller hardware. Additionally, we may verify the input or output status with the associated program, and diagnostic data is also available to find system flaws.
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PROGRAMMABLE LOGIC CONTROLLER MARKET SHARE ANALYSIS
Among the major PLC manufacturers worldwide are Siemens, Rockwell (A-B), Mitsubishi, and others. The top three players hold around 63% of the market.
The greatest producer in Europe, with a market share of around 35%, followed by North America and Japan, each with a market share of about 24%. With a market share of roughly 37%, Asia-Pacific leads the way, followed by Europe and North America, each with 34% and 23%.
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Key Companies:
- Siemens
- Rockwell (A-B)
- Mitsubishi
- Schneider (Modicon)
- Omron
- Emerson (GE Fanuc)
- ABB (B&R)
- Bosch Rexroth
- Beckhoff
- Fuji
- Toshiba
- Keyence
- Idec
- Panasonic
- Koyo
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SIMILAR REPORTS
– Programmable Logic ICS Market
– Programmable Logic Controller Automation (PLC Automation) Market
– Programmable Logic Controller (PLC) Battery Market
– Programmable Logic Controller (PLC) Control Panel Market
– Compact Programmable Logic Controller Market
– Manufacturing Execution System (MES) market size is estimated to be worth USD 12550 Million in 2022 and is forecast to a readjusted size of USD 19270 Million by 2028 with a CAGR of 7.4% during the review period.
– The global factory automation market was valued at USD 242.5 Billion in 2021 and is projected to reach USD 558.8 Billion by 2031, growing at a CAGR of 8.7% from 2022 to 2031.
– Industry 4.0 market size is projected to reach USD 280150 Million by 2028, from USD 107250 Million in 2021, at a CAGR of 14.4% during 2022-2028.
– Electrical Digital Twin market was valued at USD 4664.3 million in 2022 and is anticipated to reach USD 13510 million by 2029, witnessing a CAGR of 19.4% during the forecast period 2023-2029.
– The global digital twin market size is projected to reach USD 26320 million by 2027 from USD 3203.4 million in 2020 at a CAGR of 35.1% during 2021-2027.
– Smart Factory market is projected to reach USD 131740 million by 2028 from an estimated USD 71200 million in 2022, at a CAGR of 10.8% during 2023 and 2028.
– Industrial Automation market size is projected to reach USD 212410 million by 2027, from USD 130710 million in 2020, at a CAGR of 6.7% during 2021-2027.
– Industrial Controls and Factory Automation market size is projected to reach USD 224400 million by 2028, from USD 137150 million in 2021, at a CAGR of 7.2% during 2022-2028.
– Industrial IoT (IIoT) market size is projected to reach USD 102460 million by 2028, from USD 71160 million in 2021, at a CAGR of 5.3% during 2022-2028.
– Smart Manufacturing market size is projected to reach USD 397120 Million by 2028, from USD 203530 Million in 2021, at a CAGR of 9.9% during 2022-2028.
– The global supply chain management market was valued at USD 27.2 Billion in 2022, and is projected to reach USD 75.6 Billion by 2032, growing at a CAGR of 10.9% from 2023 to 2032.
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Blockchain Press Releases
MEXC Announces Listing of Hyperlane (HYPER) with a 165,000 HYPER and 50,000 USDT Prize Pool

VICTORIA, Seychelles, April 21, 2025 /PRNewswire/ — MEXC, a leading global cryptocurrency exchange, announced the Hyperlane (HYPER) listing on April 22, 2025(UTC).To celebrate this significant addition to the exchange, MEXC is launching a special event with a prize pool of 165,000 HYPER and 50,000 USDT for new and existing users.
Hyperlane is the first permissionless, universal interoperability protocol dedicated to building a truly open and decentralized cross-chain communication infrastructure. As “The Open Interoperability Framework,” it enables anyone to freely expand, utilize, and customize the network, allowing developers to easily and securely build cross-chain applications and token bridges. To date, Hyperlane has connected over 140 blockchains, processed nearly 9 million cross-chain messages, and bridged more than $6 billion in volume through its Warp Routes.
$HYPER is the native token of the Hyperlane ecosystem, with an initial total supply of 1 billion tokens. It plays a critical role in securing the protocol through staking, rewarding validators for verifying cross-chain messages, incentivizing user-driven activity, and enabling community governance over protocol development.
To celebrate the listing, MEXC will launch an Airdrop+ event with substantial rewards for users:
Event Period: April 21, 2025, 10:00 – May 01, 2025, 10:00 (UTC)
Benefit 1: Deposit and share 120,000 HYPER (New user exclusive)
Benefit 2: Spot Challenge — Trade to share 15,000 HYPER (For all users)
Benefit 3: Futures Challenge — Trade to share 50,000 USDT in Futures bonus (For all users)
Benefit 4: Invite new users and share 30,000 HYPER (For all users)
MEXC has established itself as a leading exchange by consistently offering users early access to high-potential crypto assets. In 2024 alone, the platform listed 2,376 new tokens, including 1,716 initial listings. According to the latest TokenInsight report, MEXC led the industry with 461 spot listings between November 1, 2024, and February 15, 2025. During this period, the exchange maintained a high listing frequency, consistently ranking among the top six platforms, demonstrating its agility in capturing emerging market trends. MEXC will continue to expand its asset offerings and help users seize timely opportunities in the fast-moving crypto market.
For full event details and participation rules, please visit here.
About MEXC
Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 36 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.
MEXC Official Website| X | Telegram |How to Sign Up on MEXC
Risk Disclaimer:
The information provided in this article regarding cryptocurrencies does not constitute investment advice. Given the highly volatile nature of the cryptocurrency market, investors are encouraged to carefully assess market fluctuations, the fundamentals of projects, and potential financial risks before making any trading decisions.

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Blockchain Press Releases
Introducing Clementine Bridge: Citrea Deploys First Complete BitVM Bridge Design on Testnet

Citrea’s Clementine Bridge marks the first time that a fully programmable layer is tested for settling on Bitcoin.
GEORGE TOWN, Cayman Islands, April 21, 2025 /PRNewswire/ — Citrea, the first ZK rollup to enhance capabilities of Bitcoin blockspace and enable Bitcoin applications (₿apps), has successfully deployed its Clementine Bridge, the first complete BitVM bridge design on Bitcoin Testnet. Citrea has also recently revealed Clementine’s whitepaper, marking the first real-world implementation of a BitVM-based bridge which extends BTC’s utility to decentralized finance in the most Bitcoin-secured and native way possible. With Clementine’s testnet deployment, Bitcoin is for the first time tested for optimistically verifying a fully programmable layer. The Clementine whitepaper is currently the only documentation of how to use BitVM in a bridge design with clear solutions toward a secure and efficient bridge implementation.
Despite being the world’s largest digital asset, BTC has struggled to build relevance in decentralized finance. A secure bridge between Bitcoin and a secondary layer has always been a bottleneck for using BTC in a programmable environment. This problem has forced users to either keep Bitcoin as a passive store of value or rely on custodians for using BTC in financial activities. Citrea’s BitVM-based Bitcoin bridge Clementine solves this by enabling the safest and most trust-minimized way to bridge BTC and extend its utility to decentralized finance.
Citrea’s Clementine bridge marks a historic moment for Bitcoin and a new beginning for BTC’s utility. “It felt like magic when we saw all the bridge components work smoothly in our internal tests and that any malicious act is stopped by a single honest actor,” said Ekrem Bal, Co-Creator of Citrea. “We’re now ready to test Clementine in a real Bitcoin Testnet environment and make it more battle-tested for Citrea mainnet.”
With the introduction of BitVM by a Bitcoin developer Robin Linus, verifying computations on Bitcoin and building Bitcoin-secured bridges became a possibility. Very soon after its introduction, Citrea team became a core contributor of BitVM and later a founding member of BitVM alliance, where BitVM’s fundamental technology of executing a fraud proof of a zero-knowledge (ZK) proof on Bitcoin was developed collaboratively. Although accomplishing a ZK proof verification on Bitcoin was a prerequisite, there were still critical problems to address to implement this fundamental technology securely and efficiently into a Bitcoin bridge design. A detailed breakdown of this can be found in Clementine’s whitepaper.
Clementine’s design and whitepaper introduce novel solutions to two main research topics in BitVM-based bridge implementation, namely Bitcoin chain fork selection and capital efficiency of operators. These topics have been critical to solve as they ensure both the bridge’s security and efficiency. Citrea’s Clementine bridge offers clear solutions to both of these problems:
- Bitcoin Chain Fork Selection: This is related to ensuring that the bridge follows the longest Bitcoin chain. It has been an open research topic where the BitVM creator introduced superblocks approach but its security was later found to be broken. Citrea introduces a new Bitcoin Light Client design that uses succinct Header Chain Proofs of Bitcoin. These proofs are aggregated by operators into a single BitVM proof.
- Capital Efficiency of Operators: This has been another limitation of implementing BitVM efficiently into a bridge design. With Citrea’s approach to non-standard Bitcoin transactions, operators can now process hundreds of withdrawals in parallel with a single collateral. Disproving only one withdrawal is enough to stop other malicious withdrawal processes.
Clementine’s design relies on zero-knowledge proofs, Bitcoin data availability, a novel Bitcoin Light Client design and BitVM. In the case of a malicious act, an honest watchtower provides a proof of the longest Bitcoin chain. Then the operator generates a proof verifying Citrea’s state, watchtowers’ challenges and payout for the withdrawal. If the operator is malicious, it won’t be able to generate such proof, resulting in slashing the operator. Clementine has three main bridge actors to ensure the system’s integrity:
- Signers enforce BitVM spendings by managing peg-ins through presign transactions
- Watchtowers are tasked with monitoring operators and challenging any malicious behavior by sending a proof of longest Bitcoin chain
- Operators, a group of profit-seeking entities, temporarily cover users’ withdrawals and are later reimbursed with presigned transactions.
Citrea: Bitcoin’s Application (₿app) Layer
Citrea extends Bitcoin’s utility without sacrificing its security. With zero-knowledge technology, Citrea enables Bitcoin to function as a fully programmable layer. With its Bitcoin bridge Clementine, Citrea offers the safest and most trust-minimized way to bridge BTC to a fully programmable secondary layer.
For the first time in its history, Bitcoin Network will be able to support diverse on-chain applications and its utility will be extended to decentralized finance.
Apply to Citrea’s unique incubation program ‘Citrea Origins‘ to build ₿apps.
For more information, please visit: Citrea website | Citrea X Account
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Blockchain Press Releases
BingX Brings Balance (EPT) to Spot with a 200 Million EPT Xpool

PANAMA CITY, April 21, 2025 /PRNewswire/ — BingX, a global leading cryptocurrency exchange, announces the listing of EPT, the native token for Balance.fun, for both spot trading and also on the BingX Xpool. The spot listing will commence on April 21 at 12:00 (UTC) while the Xpool launch will start on April 22 at 10:00 (UTC). BingX users can stake BTC and EPT in Xpool, though new users will have an additional option to stake USDT to win a bigger share of the reward pool that includes 2,000,000 EPT Points. The first 1000 new users who stake a minimum of 100 USDT will also be able to earn an additional bonus voucher worth 100 USDT.
EPT is the governance token of Balance, an AI-powered web3 experience infrastructure designed for the masses. This new digital asset will fuel the new Balance Platform to create an open and inclusive gaming ecosystem for both gamers and developers with fairness at its core. With the integration of AI and blockchain technology, games can be built and marketed more easily while allowing players to benefit from the enhanced and diversified gaming experience.
Users of the existing Epal platform can transfer their EPT tokens to BingX, enabling a reliable method to trade EPT or, alternatively, purchase EPT for governance purposes. Having a solid exchange to further explore the vast world of cryptocurrencies, this new listing further empowers both Epal and Balance users in the process.
Vivien Lin, Chief Product Officer of BingX, shared her thoughts on the new trading option and Xpool listing: “I think providing users with these new trading and early investment options is our responsibility as a responsible cryptocurrency exchange since some of our users rely on us to introduce such projects with such numerous functions across multiple subcategories”.
Visit bingx.com to join the Xpool starting April 22 and start trading EPT on spot from April 21. Whether you’re a gamer, builder, or crypto enthusiast, this is your chance to be part of a new decentralized chapter in entertainment.
About BingX
Founded in 2018, BingX is a leading crypto exchange, serving over 20 million users worldwide. BingX offers diversified products and services, including spot, derivatives, copy trading, and asset management – all designed for the evolving needs of users, from beginners to professionals. BingX is committed to providing a trustworthy platform that empowers users with innovative tools and features to elevate their trading proficiency. In 2024, BingX proudly became the official crypto exchange partner of Chelsea Football Club, marking an exciting debut in the world of sports.
For more information, please visit: https://bingx.com/

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