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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“The Game is On”
TAIPEI, Jan. 23, 2025 /PRNewswire/ — TiltPlay, a gaming platform offering fast-paced and engaging casual games, is proud to announce its official launch on the Soneium ecosystem. This launch positions TiltPlay as dynamic, skill-focused gaming experience to the Web3 space.
TiltPlay combines accessible gameplay with innovative technology to deliver a seamless experience across platforms, including Telegram mini-apps and web browsers. The platform’s unique approach introduces:
- Exciting Game Variety: A growing library of casual games designed to challenge and entertain.
- Skill-Based Progression: Players are rewarded for their mastery and expertise, ensuring a fair and fun competitive environment.
- Web3 Integration: Built on Soneium, providing a decentralized and secure gaming experience.
“With TiltPlay, we’re redefining mini-games by putting fun and skill at the forefront,” said Jeffrey Huang, Product Director at TiltPlay. “Our collaboration with the Soneium ecosystem allows us to deliver a platform that’s accessible, enjoyable, and innovative for all players.”
TiltPlay is now live, inviting gamers worldwide to dive into its features, test their skills, and connect with a vibrant community.
For more information about TiltPlay, visit TiltPlay.gg.
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Blockchain Press Releases
Purchasers of Quantstamp QSP Tokens May Be Eligible for Payment from the Quantstamp Fair Fund
COSTA MESA, Calif., Jan. 22, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., the SEC-appointed Fund Administrator.
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
In the Matter of Quantstamp, Inc.
Administrative Proceeding File No. 3-21535
This Notice is Pursuant to a Distribution Plan approved by the United States Securities and
Exchange Commission in the captioned matter.
If you purchased or acquired Quantstamp QSP tokens from October 1, 2017, through July 20, 2023, inclusive, you may be eligible for a distribution from the Fair Fund created in the Securities and Exchange Commission (“SEC”) administrative proceeding captioned above (the “Fair Fund”).
The Fair Fund is being distributed pursuant to a Distribution Plan (the “Plan”) approved by the SEC. The Plan provides for the distribution of the Fair Fund to compensate investors based on their losses, due to the misconduct of Quantstamp, Inc. described in the SEC’s administrative proceeding, on the purchase of QSP tokens from October 1, 2017 through July 20, 2023. You can view and download a copy of the SEC’s order and the Plan on the Important Documents tab on the website for this matter: www.QuantstampFairFund.com/documents.
To be considered for eligibility for a Distribution Payment from the Fair Fund, you must timely submit a completed Claim Form online or via mail. Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time (“EST”) on April 10, 2025. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, received) by April 10, 2025.
You may complete the Claim Form online here: www.QuantstampFairFund.com/form/claim. Alternatively, you may download a paper copy from of the Claim Form on the Important Documents page www.QuantstampFairFund.com/documents, or request a copy of the paper Claim Form from the Fund Administrator via email at [email protected] or by calling 833-215-6101, for submission by mail to the address set forth on the Claim Form.
ADDITIONAL INFORMATION
Additional information regarding the Fair Fund, including copies of the Plan, the Plan Notice, the Claim Form, and other relevant documents may be found at www.QuantstampFairFund.com. You may request copies or seek additional information by contacting the Fund Administrator.
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Email: |
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Call: |
833-215-6101 |
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Write: |
Quantstamp Fair Fund |
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Fund Administrator |
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P.O. Box 25381 |
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Santa Ana, CA 92799 |
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Blockchain
Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users
The post Humanity Protocol Collaborates with OKX Wallet to Redefine Decentralized Identity Verification and Reward Users appeared first on News, Events, Advertising Options.
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