Segments - Programmable Automation Controller (PAC) Programming Software Market by Type (HMI, APC, Asset Management, Database Connectivity), Solution (Open PAC System, Compact PAC System, Distributed PAC System), End User (Oil and Gas, Electric Power, Construction), and Geography (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global programmable automation controller (PAC) programming software market size was USD 11.15 Billion in 2022 and is likely to reach USD 39.22 Billion by 2031 , expanding at a CAGR of 15% during 2023 – 2031. The growth of the market is attributed to significant increase in demand for automated manufacturing processes in several verticals such as manufacturing, automotive, and chemical.
PAC programming software gives extensive information on manufacturing assets and associated process controls. PAC programming software is used in a variety of sectors, including discrete manufacturing, process manufacturing, automotive, and others, to operate and monitor automated line machineries efficiently.
To handle the complicated challenges connected with the industrial sectors, the PAC is utilized in place of the programmable logic controller (PLC). They are more advanced type of programmable logic controller. Open industry standards, multi-domain capabilities, and a common domain platform may all be found in the programmable automation controller. Their installation follows the manufacturer's instructions to the letter. A corporation may simplify its automation with the use of a programmable automation controller and web-enabled technologies. Multi-domain capabilities and common development platforms are included in the programmable automation controller. They also include open standard interfaces and distributed modular designs that allow numerous systems, networks, and devices to connect and function together.
Increasing adoption of automation is projected to propel the market during the forecast period.
Rising need for high-performance and powerful functionality controllers to meet the complicated control needs of industries are projected to fuel the market in the coming years.
High initial investment in automation is estimated to hamper the market growth.
Complicated machine-to-machine configurations and a lack of ICT infrastructure act as major factor that can restrict the market expansion during the forecast period.
The market for PAC is expanding due to technical advancements in the field of controllers.
Features like open communication functionalities and enterprise-level network connectivity are expected to create lucrative opportunities for the market players.
The report on the programmable automation controller (PAC) programming software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Programmable Automation Controller (PAC) Programming Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Type (HMI, APC, Asset Management, Database Connectivity), Solution (Open PAC System, Compact PAC System, Distributed PAC System), and End User (Oil and Gas, Electric Power, Construction) |
Geographical Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Eaton Corporation, Opto22, Rockwell Automation, Inc., Schneider Electric SE, and National Instruments Corporation. |
On the basis of type, the programmable automation controller (PAC) programming software market is segregated into HMI, APC, asset management, and database connectivity. The asset management segment is expected to represent a key share of the market during the forecast period. Asset management software is a specialized programme that is used to track and document an asset's life cycle, from acquisition through disposal. It gives an organization information such as where specific assets are situated, who is utilizing them, how they are being used, and asset data. Both software and physical assets are managed with asset management software. Asset management software keeps track of every element of an asset and is extremely beneficial to a company. In addition to keeping track of assets, it can also perform tasks such as monitoring vendor performance, optimizing supplier portfolios, and auditing and enforcing vendor policies.
On the basis of solution, the programmable automation controller (PAC) programming software market is divided in to open PAC system, compact PAC system, and distributed PAC system. The distributed PAC system holds a major share of the market during the forecast period. A distributed control system is computerized control system for a process or plant with several control loops in which autonomous controllers are spread throughout the system but no central operator supervisory control is present. By locating control functions near the process plant and allowing for remote monitoring and supervision, the distributed controlled system concept improves dependability and lowers installation costs.
Based on regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia-Pacific is estimated to dominate the market. The need for PAC programming software has been pushed by the start-up of several power generating projects following the global recession, as well as the start-up of large-scale Greenfield projects in the region. China is considered as the world's industrial powerhouse, with local and foreign companies establishing manufacturing plants in the region. China is rapidly evolving from a medium to a high-tech manufacturing powerhouse as labor costs rise, which is anticipated to fuel the market. India is launching projects such as ‘Make in India' to establish the country as a manufacturing powerhouse and acquire international prominence. According to the Indian brand equity foundation, India is on track to become the world's fifth-largest manufacturing country.
The programmable automation controller (PAC) programming software market has been segmented on the basis of
Key players competing in the programmable automation controller (PAC) programming software market include Eaton Corporation, Opto22, Rockwell Automation, Inc., Schneider Electric SE, and National Instruments Corporation.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares