NEW YORK , Dec. 11, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global programmable logic controller (PLC) market size is estimated to grow by USD 3.83 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 4.56% during the forecast period. Increasing demand for compact automation solutions is driving market growth, with a trend towards increasing focus on expanding capability of micro-plcs. However, growing market for industrial pc and dcs as alternatives to plcs poses a challenge. Key market players include ABB Ltd., Beckhoff Automation GmbH and Co. KG, Eaton Corp. Plc, Emerson Electric Co., Ependion AB, Festo SE and Co. KG, Furukawa Electric Co. Ltd., IDEC Corp., Keyence Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Panasonic Holdings Corp., Parker Hannifin Corp., Robert Bosch GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Infineon Technologies AG. AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Key Market Trends Fueling Growth The Programmable Logic Controller (PLC) market is experiencing significant growth due to the increasing adoption of computer control systems in various industries. Input and output devices are essential components of PLCs, allowing for the monitoring and control of production processes in sectors like steel and energy. PLCs are used extensively in industrial control systems for managing power, vibration, humidity, temperature, electrical noise, and more. The energy and power industry, oil and gas, food and beverages, and pulp and paper industries are major consumers of PLCs. Miniaturization of machinery has led to the development of compact PLCs for wind power and wind turbines. Sensor measurements are crucial for accurate control, and OTEK Corporation's LED technology and digital panel meters are popular choices. PLCs come in various sizes, from small to large, with modular and rack-mounted options. Hardware components include processors, power supplies, and memory. Software capabilities are essential, with service, training, and error handling features important for technicians. Industrial automation is a key driver, with applications in conveyor systems, packaging systems, and auto assembly processes. The trend towards smart factories, robots, and cloud-based controllers is growing. Macroeconomic factors, including automobile sales and electrification of vehicles, also impact the market. However, cyber threats such as malware, ransomware, phishing attacks, and industrial espionage pose challenges to the market's growth. Companies like Arduino, Opta, Finder, and those using microcontrollers with Arm Cortex-M7 and M4 cores, floating-point units, and hardware JPEG accelerators must prioritize security. IIoT systems in aerospace, defense, chemical, energy utilities, healthcare, and other industries require PLC solutions. Micro Programmable Logic Controllers (PLCs), also known as compact or small-scale PLCs, have gained significant traction in the process and discrete industries for controlling standalone machinery. Their advantages, including flexible programming, user-friendly interface, communication capabilities, and cost-effectiveness compared to traditional PLCs, have fueled their adoption. Initially, micro-PLCs were designed for basic serial communication in small machinery control. However, advancements in technology have expanded their capabilities, enabling them to manage high-speed communications, large program memory, and support for multiple communications, making them suitable for controlling larger machines as well. Insights on how AI is driving innovation, efficiency, and market growth- Request Sample! Market Challenges The Programmable Logic Controller (PLC) market is experiencing significant growth due to the increasing adoption of computer control systems in various industries. Input and output devices, crucial components of PLCs, are essential for industrial automation in sectors like steel and energy. Challenges such as vibration, humidity, temperature, electrical noise, and power issues persist in these industries, driving the demand for advanced PLCs. PLCs play a vital role in industrial control systems, enabling automated machines to perform production processes efficiently. In the energy sector, PLCs are used in wind power and wind turbines for sensor measurements. OTEK Corporation's LED technology and digital panel meters are popular choices for PLC applications. However, the market faces challenges like errors, which can lead to machine downtime and increased costs. Technicians require training to address these issues. The miniaturization of machinery and the rise of compact PLCs cater to the needs of smaller industrial verticals. Macroeconomic factors, such as auto assembly process, smart factories, and electrification of vehicles, are driving the demand for advanced PLCs. IIoT systems, including PC-based and cloud-based controllers, are increasingly popular. Cyber threats, including malware, ransomware, phishing attacks, and industrial espionage, pose challenges to the PLC market. Industries like aerospace and defense, chemical, energy utilities, food and beverages, and healthcare rely on PLCs for automation. Companies like Arduino, Opta, Finder, and those using microcontrollers with Arm Cortex-M7 and M4 cores, floating-point units, and hardware JPEG accelerators are key players in the market. Flash memory and static RAM are common hardware components, while software capabilities and service are essential for PLCs. The industrial automation landscape is evolving, with a noticeable trend towards PC-based control systems. Traditional rackmount Programmable Logic Controllers (PLCs) are being replaced by more versatile and integrated PC-based platforms. These systems offer the benefits of PLC control, motion control, and Supervisory Control and Data Acquisition (SCADA) in a single high-performance controller. The emergence of open embedded operating systems has further fueled the growth of new-generation industrial PCs, which can merge PLC functionality and operator panels into a unified unit. Meanwhile, Distributed Control Systems (DCS) continue to provide unique advantages over traditional PLCs and industrial PCs, making them an essential component of modern industrial automation solutions. Insights into how AI is reshaping industries and driving growth- Download a Sample Report Segment Overview This programmable logic controller (plc) market report extensively covers market segmentation by 1.1 Modular 1.2 Unitary 1.3 Rackmount 2.1 Process industry 2.2 Discrete industry 2.3 Building automation 3.1 APAC 3.2 North America 3.3 Europe 3.4 Middle East and Africa 3.5 South America 1.1 Modular- Modular Programmable Logic Controllers (PLCs) consist of interchangeable modules that can be combined to create a customized automation solution. Unlike single-function PLCs, modular systems offer flexibility for various applications. These controllers can be arranged in cabinets or rail-mounted for safety and security. Modular PLCs are larger and more expensive than their single-function counterparts. They are primarily used in complex industries like oil and gas, mining, and automotive for controlling multiple inputs and outputs. Their advantages include ease of maintenance and repair, increased memory capacity, and the ability to add more systems for future expansion. The enhanced memory module allows for faster processing, making them an ideal choice for increasingly complex manufacturing processes. These factors will significantly contribute to the growth of the modular PLC segment and the global PLC market during the forecast period. Download complimentary Sample Report to gain insights into AI's impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 - 2022) Research Analysis The Programmable Logic Controller (PLC) market refers to the computer control systems used in industry automation to manage and automate various processes. These systems utilize input devices such as sensors and switches, and output devices like relays and switch boxes, to control automated machines in industries like steel and energy. PLCs are based on electronic devices like dual-core microcontrollers with Cortex-M4 cores, flash memory, and static RAM. They offer multi-functionality, reducing machine downtime and increasing efficiency in conveyor systems, packaging systems, and more. However, with the increasing integration of IT in industrial control systems, cyber threats such as malware, ransomware, and phishing attacks pose significant risks. Technicians must ensure proper error handling and security measures to maintain system functionality and protect against potential breaches. Market Research Overview The Programmable Logic Controller (PLC) market refers to the computer control systems used in various industries for automating production processes. These systems use Input devices to receive data from sensors measuring parameters like vibration, humidity, temperature, electrical noise, and other process variables. Output devices are used to control machines and equipment based on the processed data. PLCs are widely used in sectors such as steel, energy, and industrial control systems. They are integral to the functioning of buildings, wind power, and wind turbines. PLCs come in various sizes, from small and compact to large and modular, catering to different industrial verticals. The hardware components of a PLC include the processor, power supply, and communication interfaces. Software capabilities are essential, with features like error handling, machine downtime reduction, and multi-functionality. Industries like energy, oil and gas, food and beverages, pulp and paper, and aerospace and defense rely on PLCs for automation. The miniaturization of machinery and the rise of IIoT systems have led to the development of compact PLCs and PC-based and cloud-based controllers. However, challenges like cyber threats, malware, ransomware, phishing attacks, and industrial espionage pose significant risks to the security of PLC systems. Companies must invest in service, training, and software capabilities to mitigate these risks. Key factors driving the PLC market include macroeconomic factors, the auto assembly process, smart factories, robots, and the electrification of vehicles. Companies like OTEK Corporation, Finder, and Opta offer innovative solutions, with technologies like LED technology, digital panel meters, and Arm Cortex-M7 and M4 cores. Table of Contents: 1 Executive Summary 2 Market Landscape 3 Market Sizing 4 Historic Market Size 5 Five Forces Analysis 6 Market Segmentation Product Modular Unitary Rackmount End-user Process Industry Discrete Industry Building Automation Geography APAC North America Europe Middle East And Africa South America 7 Customer Landscape 8 Geographic Landscape 9 Drivers, Challenges, and Trends 10 Company Landscape 11 Company Analysis 12 Appendix About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contacts Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/ SOURCE TechnavioTrump transition signs agreement with Justice Department, paving the way for FBI background checks on Trump picks
In addition to providing financial support, the government is also focusing on creating a conducive business environment for small and micro-enterprises. This includes simplifying administrative procedures, reducing red tape, and offering tax incentives to encourage entrepreneurship and innovation.Artificial intelligence, or AI for short, is one of the most talked-about technologies of recent times. From self-driving cars to tailoring shopping experiences, the future of AI integration is gradually muddying the waters in so many aspects of our lives. However, a bigger picture begins: "Artificial Intelligence of Everything," or AIoE. It's no more about how AI will alter this and that specific industry; it's about how AI will organically integrate all aspects of our world. But what does AIoE mean? Let's take a closer look. Artificial Intelligence of Everything is the name given to describe the concept where AI is embedded in all those devices, systems, and processes that surround us. Just imagine smart cities, places of work or residence, or even other everyday objects making decisions independently without a human guiding them. It is about continuous data exchange between AI-driven systems, increasing efficiency while improving decision-making and creating unique experiences. AIoE transformation includes living spaces with connected devices anticipating needs and workplaces, integrating AI-driven tools that increase productivity and creativity. It automates tasks, schedules, and data-driven decision-making to improve productivity and efficiency. With 72% of business leaders considering Artificial Intelligence of Everything as an advantage, the industry is adopting AI across sectors, pushing the boundaries for innovation and how we live and work. AIoE is redesigning the face of healthcare, as patients can be seen in real-time, treatments are individualized, and interventions are timely due to AI devices. Technologies that diagnose patients by assisting doctors with personalized care plans enhance outcomes and efficiency by a notch. Wearable AI alerts for timely action as it monitors vital signs. Artificial Intelligence of Everything will revolutionize the healthcare spectrum by 2026 and bring an estimated $150 billion in savings. AIoE transformation includes transportation through self-driving cars, smart traffic systems, drones, and much more into smoother, safer commutes. The International Transport Forum has envisioned an autonomous vehicle that, if tested, could reduce up to 90% of road accidents and save 300,000 US lives annually. AIoE is changing the retail and entertainment worlds by predicting taste and personalizing experiences. Using AIoE technology, retail hosts customized product recommendations and will optimize inventory. Entertainment uses AI to host personalized music, movies, and show tracks based on user habits. Since the global Artificial Intelligence of Everything market is projected to reach $190 billion in 2025, the effect of AI on day-to-day life cannot be denied in its influences across retail, entertainment, and healthcare. AIoE impact is changing lives and enhancing homes, healthcare, and transportation. The more AIoE technology is integrated, the more the future of AI integration changes how people live, work, and connect, hence innovating and making everything somewhat efficient everywhere. AIoE impact will saturate everything, not as technology perceived outside of life per se, but as an integral part of it all. It will enhance and make systems in the most natural and intuitive ways possible.How to Watch the NBA Today, December 7
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Secondly, the emphasis on the term "loose" in recent statements reflects a growing acceptance of risk-taking and innovation as essential components of economic development. In a rapidly changing global landscape, where competition is fierce and opportunities abound, a more permissive approach to policy allows for greater flexibility and adaptability. By embracing the concept of looseness, policymakers are signaling a willingness to explore new avenues and experiment with unconventional strategies to achieve economic objectives.In conclusion, the couple's remarkable journey of using 50,000 kilos of radishes to fry meatballs in 7 years is a living testament to the power of resilience, determination, and the unwavering belief in oneself. It is a story of triumph over adversity, of personal growth and transformation, and above all, a celebration of the indomitable human spirit. Their journey reminds us all that no dream is too big, no challenge too daunting, as long as we have the courage to pursue it with all our hearts. So let us all raise a meatball infused with the essence of radishes to toast to the couple's inspiring journey and to the unyielding spirit within each of us. Cheers to a life lived with passion, purpose, and gratitude!
The hypercar genre evolves as Ferrari F80 and McLaren W1 arrive. Dizzyingly potent but potentially less vocal and involving, the evo team wonders? Any conversation pertaining to ‘need’ and ‘hypercars’ is almost redundant out of the gates. Of all cars, it’s hypercars that cater the least to bare motoring necessities and, indeed, to most budgets. They’re objects to experience, that exist to stoke emotions – and bank accounts too, given how the breed has become an asset class all of its own over the last few years. With the new round of ‘Holy Trinity’ hypercars now two-thirds out in the open in the form of the newly revealed Ferrari F80 and McLaren W1, there is an interesting discussion to be had: how much power does a hypercar ‘need’? What does a hypercar actually need to do and be? Cars such as the Gordon Murray Automotive T.50, Aston Martin Valkyrie , Lotus Evija and Pagani Utopia have recently expanded the sector in all directions. The more experiential, tactile approach of the GMA T.50 – diligently continuing the ethos that shaped the McLaren F1 – differs hugely from the uncompromising, barely road-drivable track-car approach of the ear-splitting Valkyrie, which in turn is the antithesis of the silent but violent raw power of the electric Lotus Evija and cars of its ilk. Then there’s the artisanal, sculptural artistic space that Pagani continues to occupy with the Utopia. And that’s to say nothing of Koenigsegg , Rimac , Hennessey , Mercedes -AMG, or any of the other firms that continue to sell out their seven-figure machines with each iteration. Where do the new Ferrari F80 and the new McLaren W1 fit in, not only amongst these cars but in the context of the legendary machines they succeed, the LaFerrari and the McLaren P1? Following the Ferrari F80’s reveal, in episode 6 of the evo Podcast, editor-in-chief Stuart Gallagher and deputy editor James Taylor joined editors-at-large Dickie Meaden and John Barker in discussing the latest and greatest from both Maranello and Woking, our expectations based on what we know so far, and whether the hypercar genre has, if anything, gone too far, in relation to the Thrill of Driving. Is 1200 brake horsepower and beyond, with a more prominent hybrid drive element, fewer cylinders and – judging by footage of the F80 so far – very little sound, where car enthusiasts want this genre to go? You can listen to the podcast in full by searching for The evo Podcast on all established podcast platforms, and scrolling to episode 6. Here are some highlights from the conversation: Stuart Gallagher: Ferrari has hit back [at the McLaren W1] with its F80, which is very similar but also quite different, in that Ferrari way. It’s an interesting take but there is sort of an elephant in the room: it’s not a V12. Dickie Meaden: No, I think I've gone from one extreme to another now. I started off thinking, ‘I’m sure it’s got enormous performance, and it’s very efficient and packageable with all the hybrid stuff they need. But is it kind of missing the point, and does anyone need to go that fast, and is anyone that interested in the technology when it gives you half the number of cylinders?’ Then I saw a picture of the car without the bodywork on it and suddenly it’s like seeing the inner workings of the back of an amazing watch or similar. It looks so intriguing, and so extreme in what they’re doing. Seeing what’s under the skin, I sort of understand the way it looks now and what they’ve done. I’m really excited about how it’s going to drive. I think it’ll be quite unlike anything that they’ve built before. Stuart Gallagher: What does it have to do to fit into that great back catalogue of Ferrari hypercars? Dickie Meaden: The driving experience has got to be incredible to compensate for the [lack of] sound; certainly from the outside. I’m sure they’ve piped all sorts of elements of the engine noise into the cabin. [Based on the video] it doesn’t seem a particularly exuberant character, does it? Which a hypercar needs to be, so I’m guessing it’s going to have to make up for that in just how it deploys all the technology and how it puts you in the centre of it all and the way it does what it does. If anyone can do that, Ferrari can, but whether there’s still something missing – whether it is like watching the telly with a sound off – I don’t know. > Great Ferrari hypercars driven: 288 GTO, F40, F50 and Enzo head-to-head Stuart Gallagher: What made the LaFerrari, the F40, the F50 so special? Because you didn’t need to be driving those at their maximum, did you? A lot of it’s going to be the engine. James, you’ve only driven an F40 once, through traffic... James Taylor: Yes, traffic in the middle of Hemmel Hempstead, which maybe isn’t the dream scenario, is it? And yet it actually still was a dream experience, because it was so totally engaging. The gearshift, and that weirdly angled steering wheel that’s a bit like a London bus... You feel so much a part of the car. The front of the engine’s almost coming into the cabin through the firewall. It was completely unforgettable. I think the F80 – the fact it doesn’t really even have a passenger seat, it’s kind of a set of harnesses and some padding against the firewall – it could have some of that feeling of total engagement. But a lot of the F40’s sense immersion was bound up in feeling the gearshift, feeling the steering, feeling the vibrations and hearing the squeaks and rattles, because it’s raw, so it’s quite a different thing. Dickie Meaden: I think it is a shame that, from what we’ve seen in the infamous Instagram videos, it seems to have so little emotion about it. You buy these things for pleasure, don’t you, and for the emotion they bring? McLaren were very clear that they wanted this out-and-out performance, and the all-new engine is still a V8 and the electric element is all torque-fill and all performance-based. You do wonder how they’re going to drive comparatively. Stuart Gallagher: It’ll be interesting because the ‘Holy Trinity’ were three completely different cars all aiming at the same thing, and it seems like certainly Ferrari have taken one route and McLaren have taken a completely opposite route this time. Porsche might have done a quick U-turn and be heading off in a different direction with the Mission X. I know we’ve heard between us, or spoken to friends who are in the tight circle of Porsche customers, and they were all spoken to and many said they’re not interested in EVs. Dickie Meaden: Then you’ve got Gordon Murray doing his GMA thing. It’s a totally different world, isn’t it, the simplicity and purity of that car? All the effort’s gone into taking all the weight out of it, not adding all the technology, and hand on heart I don’t know which, if you had a GMA T.50 there and an F80 Ferrari there, where my heart be. John Barker: A V12 starts off at such a higher level than something like a quiet V6 in the back of the Ferrari. Talking about the horsepower in the W1 and the Ferrari, how many people are actually going to get their toe down? Whereas you can probably still enjoy Gordon Murray’s car at any speed. Stuart Gallagher: It’s an occasion from looking at it to getting in it to starting it up. The noises and the sensations – you don’t have to be going quickly, but that’s the same to your Ferrari F40 experience, James: it’s just the sensations around you, from gearshifts to noise. Dickie Meaden: ‘We’ve complained about it for years, this sort of merry-go-round where big brands can only replace a car with something that’s faster, more powerful. None of them have been prepared to step off. GMA weren’t on it in the first place, were they? They could just make a statement and do their own thing, and that has its own appeal. The main manufacturers have got themselves in a position where it’s absurd – a 296 has 800 horsepower, twice what an F40 was. Stuart Gallagher: I’ve had that very conversation with the CEO of a supercar company: ‘Why does your next car have to be more powerful, faster than the existing one which no one’s ever stepped out of and said, ‘That needs more power, needs to be faster’? He was very honest: ‘If I presented to the marketing team that our next halo car is going to have less power and less performance, but it’s going to be lighter, better to drive, more efficient, and from a business point of view more profitable because we’re not going to have to throw all this stuff at it, they would just laugh me out the room.’ Because it’s much easier to sell ‘bigger is better’. Dickie Meaden: Everyone’s programmed to think that, aren’t they? But if you looked at the people who are buying them because it’s a car they want to drive, I wonder how many of them would actually hand-on-heart say, ‘I prefer driving this to my F50’. It's like everything’s been shaken up and it’s just where it’s all going to settle now; whether people end up preferring the ultra-powerful, ultra-high-performance things that you can only really drive on track. John Barker: We’ve been on group tests where I can remember chasing somebody, me in a 911, which had 500 horsepower, and he was in the 700-horsepower Ferrari Pista, and he couldn’t get away. There’s only so much you can use. You know it’s a finite amount that you can deploy on a decent road where you want to drive. Dickie Meaden: I drove a Chiron on the launch – I’m just having flashbacks to deploying the performance. The speed you go on a normal road... It’s a ‘lock you up and throw away the key’ job. It’s ridiculous and yet they do it. I think what people don’t appreciate about the really, really fast cars is that, when you drive a normal car, it takes about half an hour to row it up to 100mph; in a super-quick car you’re there and back before a normal car would have got to 60, so you can theoretically use lots of performance in these cars, but still there’s still so much that you’re not even tapping into. I think this is what we’ve struggled with for a long time. All you’re getting with the next-generation car is even more of that frustration – the performance reserve which you’ll never exploit. And all of that comes with more weight and bigger tyres. Stuart Gallagher: I think that’s where the electric hypercars have fallen flat completely, isn’t it? Because it’s their USP, their sales pitch: 2000 horsepower but no one can comprehend where you’re going to use it. James Taylor: I drove the Rimac Nevera quite briefly, but enough to know it’s dizzyingly fast and, with the lack of sound, you feel a bit disorientated by it as well. I mean, I came away thoroughly impressed by it, but I think I felt like there was so much more performance I hadn’t used. I almost felt... ‘frustrated’ is the wrong word, but I think I had more satisfaction from wringing out a slower car and feeling like I was using all the performance, but even so, it was fast enough for me. The Lotus Evija prototype I drove in 2022 was running 1600 horsepower and you'd be spinning a wheel without realising you were spinning it down the straight. Stuart Gallagher: It’s that desire thing, isn’t it? If you had a GMA or an F80 or an Evija parked outside, there's two cars that would be tugging at your heartstrings – which one do I drive? I can only drive one of them and I think there might be an intrigue level in the Evija, but not at the expense of not driving the others. It’s the sort of thing you want to drive once and then maybe once you’ve driven it, you don’t really need to drive it again, but that’s not a great ownership proposition is it? Where to watch and listen to the evo podcast
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NoneDespite his busy schedule and demanding career, Huang Xiaoming always finds time to give back to the community. Whether it is visiting orphanages, participating in charity events, or making generous donations, he remains committed to making a difference in the lives of those in need. His dedication to philanthropy has inspired many of his fans and followers to join him in his mission to create a more compassionate and caring society.