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Romania's top court scraps presidential election( MENAFN - Daily News Egypt) Egypt's petroleum Minister, Karim Badawi, attended the signing of two strategic agreements between ABB Egypt, a leader in energy and technology solutions, and key stakeholders in Egypt's industrial sector. These agreements aim to improve energy efficiency and promote sustainability within Egypt's industrial landscape. The first agreement was signed by Ahmed El-Sherbini, Vice President of ABB Egypt's Cluster for Energy Industries, and Abed Ezz El Regal, Chairman and Managing Director of Abu Qir Fertilizers and Chemicals Industries Company (AFC). The agreement focuses on the installation of an advanced automation control system at Abu Qir Ammonia Plant (1). This system is designed to optimize steam utilization, resulting in a reduction of natural gas consumption for steam boilers by 2% to 4% in the initial phase. The project will also enhance the plant's overall operational efficiency. El-Sherbini emphasized the importance of the project, stating,“At ABB, we are committed to providing advanced solutions that support efficiency and sustainability across various industrial sectors.” He added,“This project represents a crucial step in enhancing sustainability and maximizing energy resource use at Abu Qir Fertilizers.” Looking forward, the project includes plans to expand the automation control system to Abu Qir Plants (2) and (3). This expansion will further improve operational performance and generate additional energy savings. Such initiatives align with ABB's long-standing commitment to supporting Egypt's Vision 2030, ensuring sustainable growth and environmental responsibility in the country's industrial sector. In addition, a second agreement was signed between El-Sherbini and Bjorn Q. Aaserod, CEO of the U.S. company MPS, in the presence of Eng. Ibrahim Meki, Chairman of the Egyptian Petrochemicals Holding Company (ECHEM), and Moataz Atef, Undersecretary of the Ministry for the Affairs of the Minister's Office, Technical Office, and official spokesperson. This agreement focuses on ABB's role in providing advanced technical solutions-encompassing electrical systems, automation control, and digital technologies-for a green hydrogen project. The initiative will partially replace natural gas in production processes, significantly reducing both natural gas consumption and carbon emissions. El-Sherbini commented:“At ABB, we are dedicated to playing a pivotal role in advancing Egypt's transition to sustainable energy. We strive to deliver cutting-edge solutions that drive operational efficiency across diverse industries, ensuring a future of enhanced sustainability and innovation.” MENAFN22122024000153011029ID1109022277 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
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 Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Product (Modular, Unitary, and Rackmount), End-user (Process industry, Discrete industry, and Building automation), and Geography (APAC, North America, Europe, Middle East and Africa, and South America) Region Covered APAC, North America, Europe, Middle East and Africa, and South America Key companies profiled 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 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 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- 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 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: media@technavio.com Website: www.technavio.com/ View original content to download multimedia: https://www.prnewswire.com/news-releases/programmable-logic-controller-plc-market-to-grow-by-usd-3-83-billion-2024-2028-driven-by-compact-automation-demand-and-ai-redefining-the-market-landscape---technavio-302327900.html SOURCE TechnavioConor McGregor must pay $250K to woman who says he raped her, civil jury rules
Contacts between the parties suggest that the early post-election preference of Fianna Fáil and Fine Gael for Labour to join them in government will not be reciprocated, at least not in the immediate future. Labour leader Ivana Bacik has instead been pursuing the broad red-green alliance with the Greens and the Social Democrats that she repeatedly flagged during the election campaign. The results of her efforts have not been encouraging, however; the Greens have been left without a meaningful parliamentary presence, while the Social Democrats – never visibly enthused by Bacik’s proposal – gave it the thumbs down on Friday. The Social Democrats said they would meet separately from Labour with other parties, including Fianna Fáil and Fine Gael. So that’s that. Labour must now decide whether to seek a coalition deal with Fianna Fáil and Fine Gael – and there is a difference between actually seeking a deal and just meeting for the optics, remember – or whether it wishes to continue in Opposition for another five years. The political dangers of going into government are well understood in Labour, and their fears are unlikely to have been assuaged by the fate of the Greens. At the same time, nobody knows better than Labour that government is where parties can achieve their aims, implement their policies and force the changes they have promised voters. There is, reportedly, division between Labour TDs on the issue, but the prospects of the party playing a role in the next government seem to be diminishing. And so, the focus will inevitably move to the Independents . A group convened by the Tipperary North TD Michael Lowry has made the early running, signalling its availability, and there have been some preliminary discussions. It is not yet clear whether they will seek positions in government, as Independents did in the 2016-20 administration, or be content to support the coalition from the outside, as Independents did previously. In any case, a series of deals with the Independents will not be straightforward. Each Independent TD speaks for himself or herself, and has only their own vote to trade; that is the nature of their status. They will be focused on their constituencies, but any new government will need them to stay on board for broader matters such as budgets, motions of confidence and controversial issues. A good deal of foresight will be required to future-proof any agreement. It seems unlikely that matters will have moved on conclusively when the new Dáil meets for the first time on December 18th. That means a new government is unlikely before mid-January. It should not take longer than that. The options are clear and the participants need to get on with it.Best Internet Providers in Iowa