DUBLIN, Jun 16, 2021--(BUSINESS WIRE)--The "Programmable Automation Controller (PAC) Programming Software Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Programmable Automation Controller (PAC) programming software market is expected to register a CAGR of 15% during the forecast period (2021 - 2026).
With the rapid increase in demand for the automated manufacturing process in various verticals, such as manufacturing, automotive, and chemical, the market is expected to witness high growth.
PACs are the combined features of traditional automation technologies, such as distributed control systems (DCSs), programmable logic controllers (PLCs), personal computers (PCs), and remote terminal units (RTUs).
The rapidly rising need for automation and with the increasing technological advancements in the field of sensors, machine size (emergence of smaller automated machines), software, the market is witnessing high growth.
The usage of PAC's will shift firms' focus on open communication standards and software integration with less focus on the hardware. As users focus more on the total system performance rather than just the hardware selection, PAC's will become more demanding by customers who are not satisfied by traditional PLC's.
Moreover, the rise in industrialization and increase in the number of manufacturing units across several developed as well as developing regions including North America, Europe, and Asia-Pacific will further boost the market studied.
Key Market Trends
Rise in Automation to Augment Market Growth
The advent of automation in various industries has facilitated the control over various operational aspects of industries, without any significant intervention from operators, using various control devices and software.
These automation devices combine the advantages of a PLC-style traditional machinery or process control system, with the flexible type configuration and integration advantages of PC-based system, using a PAC (programmable automation controller), due to the various advantages of PAC programming software, the market is expected to grow further.
Developing economies, such as China, India, etc., are primarily driving the growth of the automation industry. Emerging economies are also investing heavily in the development of several industries and the adoption of automation.
With the increasing supply of industrial robots across the world, it is evident that automation is rapidly increasing in various manufacturing sectors, which is boosting demand in the market studied.
The PAC programming software market is highly competitive with the presence of many big and small players. The market appears to be moderately concentrated and the key strategies adopted by the major players are product innovation and mergers and acquisition. Some of the key players in the market are Schneider Electric, Rockwell Automation, Siemens AG, among others.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rising Adoption of Automation
4.4 Market Restraints
4.4.1 High Initial Investment in Automation
4.5 Industry Attractiveness - Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 By Type
5.1.1 HMI (Human Machine Interface)
5.1.2 Advanced Process Control (APC)
5.1.3 Asset Management
5.1.4 Database Connectivity
5.1.5 Other Types
5.2 By Solution Type
5.2.1 Open PAC System
5.2.2 Compact PAC System
5.2.3 Distributed PAC System
5.3 By End User
5.3.1 Oil and Gas
5.3.2 Electric Power
5.3.4 Food & Beverages
5.3.5 Water and Wastewater
5.3.6 Other End Users
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.2 General Electric
6.1.3 National Instruments Corporation
6.1.4 Schneider Electric SE
6.1.5 Rockwell Automation Inc.
6.1.6 Delta Electronics, Inc.
6.1.7 Eaton Corporation
6.1.8 Texas Instruments Inc.
6.1.9 MKS Instruments Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/q42c0p
View source version on businesswire.com: https://www.businesswire.com/news/home/20210616005445/en/
Laura Wood, Senior Press Manager
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