Programmable Automation Controllers Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends

Overview and Scope
Programmable automation controllers (PACs) refer to advanced industrial control devices that combine the capabilities of traditional programmable logic controllers (PLCs) with those of industrial computers. It plays a crucial role in modernizing industrial automation, enabling manufacturers to achieve higher productivity levels, flexibility, and competitiveness in today’s dynamic market environment.

Sizing and Forecast
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 in the historic period can be attributed to introduction of programmable logic controllers, advancements in microprocessor technology, integration of human-machine interface (HMI), open architecture standards, 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 growth in the forecast period can be attributed to increasing adoption of IoT, rising need for operational efficiency, demand for flexibility and scalability, focus on energy efficiency, emergence of edge computing. Major trends in the forecast period include predictive maintenance solutions, compliance with industry standards, advanced human-machine interface (HMI) and visualization, energy efficiency optimization, interoperability and standardization.

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Segmentation & Regional Insights
The programmable automation controllers market covered in this report is segmented –

1) By Type: Integrated Type, Distributed Type, I/O Type
2) By Product: Hardware, Software
3) By Application: Oil And Gas, Machine Manufacturing, Electrical And Electronics, Aerospace And Defense, Chemical, Pharmaceuticals, Automotive And Transportation, Other Applications

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.

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Major Driver Impacting Market Growth
The increasing demand for automation in various industries is expected to propel the programmable automation controller market going forward. Automation refers to integrating technologies and systems to perform tasks and processes with minimal human intervention. The increase in automation is due to efficiency and productivity, cost reduction, quality improvement, supply chain optimization, and demand for customization. Industrial automation is a programmable automation controller to modernize manufacturing processes, enhance productivity, and provide powerful processing capabilities. For instance, in October 2022, according to the International Federation of Robotics, a Germany-based non-profit organization, around 5.17 million new industrial robots were installed in industries worldwide in 2021, a 31% growth rate year over year. Therefore, increasing demand for automation in various industries is driving the growth of the programmable automation controller market.

Key Industry Players
Major companies operating in the programmable automation controllers market report 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

The programmable automation controllers market report table of contents includes:

1. Executive Summary
2. Programmable Automation Controllers Market Characteristics
3. Programmable Automation Controllers Market Trends And Strategies
4. Programmable Automation Controllers Market – Macro Economic Scenario
5. Global Programmable Automation Controllers Market Size and Growth
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32. Global Programmable Automation Controllers Market Competitive Benchmarking
33. Global Programmable Automation Controllers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Programmable Automation Controllers Market
35. Programmable Automation Controllers Market Future Outlook and Potential Analysis
36. Appendix

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