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Programmable Logic Controller (PLC) Market – Growth, Trends, COVID-19 Impact, and Forecasts (2023 – 2028)

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New York, April 05, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Programmable Logic Controller (PLC) Market – Growth, Trends, COVID-19 Impact, and Forecasts (2023 – 2028)” – https://www.reportlinker.com/p06062818/?utm_source=GNW
The system also helps detect errors or flaws and alerts the technician. Due to their compact sizes, PLC systems are preferred over traditional ones, like relays and switch boxes. Another advantage of PLCs is their multi-functionality (owing to their programmable nature that can be used for multiple operations depending on the application).

Key Highlights
Machine downtime is one of the major factors that impact an industry’s manufacturing efficiency. Downtime is estimated to be responsible for 5-20% of the manufacturing losses incurred during operation. The deployment of PLC systems enables the identification and rectification of errors and can initiate rapid responses even without human intervention.
Industry automation is one of the major factors driving the growth of the PLC market. Automation can be defined as automatic processing systems to decrease human intervention and increase the efficiency of the process through the optimal utilization of resources. The industries have now realized the reliability and long-term profits that can be achieved by using automated systems. Conveyor systems and packaging systems, among others, can be automated by using PLC systems.
PLCs are being used to control manufacturing processes, such as assembly lines, robotic devices, or any activity requiring high-reliability control and ease of programming and process fault diagnosis. PLCs are evolving and remain the best choice for a wide range of industrial automation applications. Scalability, greater memory, smaller sizes, very high-speed (gigabit) Ethernet, and built-in wireless are among the emerging programmable logic controller capabilities.
Due to modern consumers’ demand for personalized products, industries have been pushing themselves from a mass production model into mass customization. PLCs are vastly adopted in industries whose processes do not change. However, the increasing end-user demand for customization of products has made the manufacturing processes more sophisticated and complex, with the need for frequent adjustments, consequently driving the end-users to adopt and invest in more flexible systems, such as PC-based and cloud-based controllers rather than PLCs.
The COVID-19 pandemic, which hit the major economies worldwide, has greatly influenced the market’s growth. Country-wise lockdown restrictions inflicted by governments worldwide (to minimize the spread of the virus) have further resulted in industries taking a hit and disrupting the supply chain and manufacturing operations worldwide. With the advent of other technologies, such as machine vision, collaborative robots, artificial intelligence for driverless/autonomous cars, and cognitive computing in IoT-connected cars, the automotive sector is expected to grow further post-pandemic.

Programmable Logic Controller (PLC) Market Trends

Automotive is Expected to Be the Fastest-growing End-user Industry

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PLCs are adopted at the manufacturing stage to handle the ever-increasing demands of the automotive industry. These were initially used as relay replacement equipment in automotive manufacturing. PLCs allow manufacturers to work smarter and faster, and as automated processes minimize the occurrence of bottlenecks, this reduces expenses in operation and production time in the industry.
Manufacturing plants of many automotive companies have been undergoing manufacturing changes to incorporate new technology into the manufacturing stream to increase productivity and efficiency. For instance, ATS Applied Tech Systems Ltd developed a tracking and tracing system for airbags using InTrack, InTouch, and GE-Fanuc PLCs to achieve full error-proofing and traceability. By using the system set-up, it is possible to trace the airbag’s origin and the production machines’ status during the manufacturing process, in case a fault is detected, even up to 10 years after production.
It has been identified that auto assembly increased significantly using automation, showing a growth pattern in the number of cars being produced globally while simultaneously cutting costs, paving the way for the growth of smart factories’ implementation in this sector. The automotive industry has used robots in its assembly lines for various manufacturing processes for many years. Nowadays, automakers are exploring the use of robotics in more procedures. Robots are more efficient, flexible, accurate, and dependable for these product lines. This technology enables the automotive industry to remain one of the most significant robot users and possess one of the most automated supply chains.
There has been a growing demand for automobiles across the world. According to Scotiabank, worldwide automobile sales are predicted to reach 69.9 million units by 2023.
According to IBEF, the Indian automotive industry aims to increase vehicle export by five times during 2016-26. In FY22, the total automobile exports from India stood at 5,617,246 units. In addition, in April 2022, Tata Motors announced plans to invest USD 3.08 billion in its passenger vehicle business over the next five years. Owing to such potential growth, better production facilities enabled by automation are needed, which is expected to fuel the growth of PLCs in the domain.

Asia-Pacific is Expected to Be the Fastest-growing Market

The manufacturing sector forms a significant part of China’s economy, which is undergoing a rapid transformation with the recent growth in IoT due to the rise in Industry 4.0 across the manufacturing industries globally. This large-scale transformation has put the country in one of the leading positions in the PLC market globally.
India is driven by the growing application of robotic process automation (RPA) and artificial intelligence (AI)-based technologies. According to the global RPA platform Automation Anywhere, India is currently its second-biggest revenue generator after the United States. Global capabilities centers, service providers, and Indian enterprises are its biggest customers in India.
India’s industrial automation sector has been revolutionized by the combination of digital and physical aspects of manufacturing to deliver optimum performance. The focus on achieving zero waste production and a shorter time to reach the market has augmented the market’s growth.
Japan has a larger market share in the robot manufacturing industry and installed methods where industrial robots are used to assemble robots. The country also houses multiple leading companies like Nippon, responsible for 47% of the global robot production, as per the IFR. Such instances are expected to drive the need for automation, resulting in the growth of PLCs in the region.
The other countries considered from the Asia-Pacific region include South Korea, Singapore, Indonesia, Australia, and Thailand. With the abundant availability of raw materials and cheaper land rates, Thailand and Malaysia are slowly emerging as major industrial hubs, an alternative to China. This trend is expected to boost the growth of the PLC market in Asia-Pacific.

Programmable Logic Controller (PLC) Industry Overview

The programmable logic controller (PLC) Market is moderately fragmented, with the presence of major players like ABB Ltd, Mitsubishi Electric Corporation, Schneider Electric SE, Rockwell Automation Inc, and Siemens AG. Players in the market are adopting strategies such as partnerships, mergers, and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

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July 2022 – Omron Corporation designed the CP2E Micro PLC for compact equipment and supported data collection and machine-to-machine communication. CP2E is one of the powerful and effective solutions for mass-produced single machines where cost performance is important. CP2E series controllers provide an efficient solution for flexible production where traceability and machine monitoring are essential.
May 2022 – Emerson Electric Co. announced the release of its PACSystem RSTi-EP CPE 200 programmable automation controllers. The new compact PACs will help the OEMs meet customer requirements by minimizing the need for specialized software engineering talent. CPE 200 controllers will deliver large programmable logic controller (PLC) capability in a cost-effective, small, IIoT-ready form factor, so the machine manufacturers do not need to sacrifice performance for the price.

Additional Benefits:

The market estimate (ME) sheet in Excel format
3 months of analyst support
Read the full report: https://www.reportlinker.com/p06062818/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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North American grocery retailer digitizes stores with Pricer Plaza in 90 MSEK order

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STOCKHOLM, June 28, 2024 /PRNewswire/ — Pricer’s partner JRTech Solutions has signed an agreement with a large Tier 1 North American grocery retailer for the cloud-based platform Pricer Plaza, which allows for in-store automation and communication, within an initial 50 of their stores.

The value of the contract is approximately 90 MSEK. The rollout of Pricer Plaza and electronic shelf labels within the initial 50 stores is expected to be completed by the end of 2024. This installation by one of the largest grocery chains in North America with over 1500 grocery and pharmacy stores, is the first large-scale full-store deployment of four-color labels in North America.
“After one year of thorough testing with a pilot installation, we are thrilled by the trust from this leading retailer. It underscores our commitment to transforming the retail experience through cutting-edge technology, enhancing both operational efficiency and customer satisfaction. We look forward to supporting them with our in-store solutions in their digital transformation journey,” says Mats Arnehall, Chief Commercial Officer at Pricer.
“JRTech Solutions has worked extensively with our client over the last year to prove the value, capability and scalability of both our Pricer technology and our suite of deployment solutions. Doing so not only involved digitally transforming our client’s promotional business rules through the use of our latest SmartTAG four-color labels but providing the capability of utilizing our labels in a way that will allow for both ongoing and future operational efficiencies,” says Diego Mazzone, President & CEO at JRTech Solutions.
The order value of approximately 90 MSEK does not include Pricer Plaza and technical support, and will be included in Pricer’s order intake for the second quarter of 2024.
For further information, please contact:Mats Arnehall, Chief Commercial Officer, +46 70-8108084Magnus Larsson, President and CEO, +46 704 [email protected]
This information constitutes inside information that Pricer AB is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was sent for publication, through the agency of the contact persons set out above, at the time stated by the Company’s news distributor, Cision, at the publication of this press release.
Every care has been taken in the translation of this document. In the event of discrepancies, the Swedish original will supersede the English translation.
About Pricer
Pricer is a leading global technology company serving the rapidly growing smart retail market with in-store digital solutions that enhance both store performance and the shopping experience. Through electronic shelf labels, advanced technology, such as optical wireless communication and AI, and continuous innovation, Pricer offers the foundation for in-store communication and efficiency. The industry leading Pricer platform delivers benefits from 30 years of deployment experience and is fast, robust, interconnectable and scalable. Pricer was founded in Sweden in 1991 and is listed on Nasdaq Stockholm. For further information, please visit www.pricer.com.
About JRTech Solutions Inc.
JRTech Solutions Inc. is a privately held corporation headquartered in Montreal, Québec. JRTech Solutions Inc. is the leading Canadian Electronic Shelf Label (ESL) provider and the largest distributor of Pricer Electronic Shelf Labels in North America, involved in over 1,300 store installations since 2008. For further information, visit http://www.jrtechsolutions.com.
This information was brought to you by Cision http://news.cision.com.
https://news.cision.com/pricer/r/north-american-grocery-retailer-digitizes-stores-with-pricer-plaza-in-90-msek-order,c4008573
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Dahua Technology leads the front lines of ESG

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MAIDENHEAD, England, June 28, 2024 /PRNewswire/ — Dahua Technology, a world leader in video surveillance, has released its 2023 ESG report, showcasing its leadership and commitment to building a green, environment-friendly and safe intelligent world.

Last year, the company, a global video-centric AIoT solution and service provider, made substantial strides by focusing on maximising economic, climate-conscious and social values.
At the forefront of corporate social responsibility, Dahua actively engaged in a fundraising event for UK charity Breast Cancer Now, raising awareness and funds to help those affected by the illness. In addition, the company successfully joined the United Nations Global Compact demonstrating its ongoing dedication to responsible business action in support of broader societal goals.
Adopting a green development strategy, Dahua also implemented an extensive environmental management system, contributing to waste reduction and environmental preservation by enhancing energy efficiency and resource utilisation. In 2023 alone, this included recycling 1,663 tonnes of production materials, ensuring 100% lawful disposal of hazardous waste and achieving an overall recovery rate of 80% for WEEE products.
Championing ESG best practices, Dahua has a well-established governance framework that adheres to compliance operations and business ethics thanks to its Integrity Compliance Committee. Thanks to this body, it continuously improves privacy protection systems, actively carries out external audits and conducts emergency drills and training to ensure the highest level of security for its end users.
Alvin Qian, General Manager UK & Ireland, commented recognising the company’s ESG accomplishments: “In 2023 we witnessed Dahua’s steadfast dedication to social responsibility while seamlessly integrating digital intelligence into our sustainable initiatives and practices. I am proud of our achievements and confident about the progress we have made as we strive to meet our ambitious ESG goals. Looking ahead, we remain committed to driving further advancements in line with our company’s sustainable vision.”
With its mission of enabling a safer society and smarter living, Dahua vows to continue creating value beyond safety through technology, contributing to the world’s harmonious coexistence with nature.
Dahua Technology is a world leader in video surveillance manufacturing, creating advanced electronic security solutions for transportation, education, city surveillance, retail and commercial markets worldwide. Dahua Technology UK & Ireland works with distribution partners to serve an ever-growing network of system integrators and installers, offering complete system solutions that encompass cameras, control equipment, recording, video walls, software, accessories and more.
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Subex Recognized in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report

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BENGALURU, India, June 28, 2024 /PRNewswire/ — Subex, a leading global provider of AI-powered solutions for the telecommunications industry, today, announced its inclusion in the 2024 Gartner Magic Quadrant for AI in CSP Customer and Business Operations report. Subex believes that this recognition marks a significant milestone for the company, highlighting its commitment to delivering innovative AI solutions that empower Communication Service Providers (CSPs) to thrive in the digital age.

According to Gartner, “This Magic Quadrant helps communications service providers identify and evaluate AI vendors for their customer and business operations. It will guide CSP CIOs and technology leaders toward the right AI vendor choices, in a rapidly evolving market.” 
According to Subex, their inclusion in the Magic Quadrant underscores its position as a key player in the AI landscape for CSPs. For many years, Subex has been at the forefront of AI innovation in the telecommunications industry, providing cutting-edge solutions that address complex challenges, such as fraud detection, customer churn prediction, network optimization, and revenue assurance. Leveraging machine learning and automation, Subex empowers CSPs to make data-driven decisions, streamline operations, and achieve significant improvements in overall business performance.
“We are thrilled to be recognized in the Gartner Magic Quadrant for AI in CSP Customer and Business Operations Report,” said Nisha Dutt, CEO of Subex. “We think that being recognized as one of the key players validates our relentless focus on developing AI-driven solutions that address the unique challenges and opportunities faced by CSPs, globally. This is a significant milestone in Subex’s journey, and we are committed to further solidifying our market position through continuous innovation and delivering exceptional value to our CSP customers.”
Subex’s team of experts is dedicated to pushing the boundaries of AI innovation within the CSP domain. By continuously developing new solutions and enhancing existing ones, Subex ensures that CSPs have access to the most advanced AI tools and technologies, to navigate the evolving landscape and achieve sustainable growth.
For more information about Subex and its AI-driven solutions for CSPs, visit www.subex.com.
Gartner, Magic Quadrant for AI in CSP Customer and Business Operations, By Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
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