According to IMARC Group’s latest report, titled “ Micro and Nano PLC Market Share: Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026,” the market grew at a CAGR of around 6% during 2015-2020. Looking forward, the market is expected to exhibit moderate growth during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Micro and nano programmable logic controllers (PLC) refer to small-sized electronic devices designed to control and monitor basic industrial machines. They generally include power supply units, input/output modules and programming devices, along with simulation, motion control and redundancy software. They also help in monitoring assemble lines, input devices, robotic devices and other equipment that require serial communications. These PLCs eliminate the need for hardwiring and rewiring traditionally used relay control circuits and are resistant to extreme temperatures, vibrations, humidity and electrical noise.
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Rapid industrialization across the world, along with an escalating demand for compact automation solutions, is primarily driving the market growth. Furthermore, the product integration with a human-machine interface (HMI) is also providing a thrust to the market. PLCs can be used with high-voltage devices and, as a result, finds widespread applications across numerous industries, including automotive, power, energy, oil and gas, pharmaceuticals, etc. Additionally, the growing trend of Industry 4.0 revolution has led to the development of advanced sensors that consume minimal power and space, thereby further augmenting the market growth. Several other factors, including the rising utilization of automatic security systems in commercial and residential spaces, along with extensive R&D activities, are anticipated to further drive the market growth in the coming years.
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List of Key Companies Covered in this Market Report:
- ABB Ltd.
- B&R Industrial Automation GmbH
- General Electric Company
- IDEC Corporation
- Mitsubishi Electric Corporation
- Omron Corporation
- Robert Bosch Stiftung Gmbh
- Rockwell Automation Inc.
- Schneider Electric
- Siemens Aktiengesellschaft.
The report has segmented the market on the basis of type, offering, architecture, end use industry and geography.
Breakup by Type:
- Micro PLC
- Nano PLC
Breakup by Offering:
Breakup by Architecture:
- Modular PLC
- Fixed/Compact PLC
Breakup by End Use Industry:
- Oil and Gas
- Metal and Mining
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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