The global nano programmable logic controller (PLC) market was valued at $2,585 million in 2016, and is expected to reach $4,250 million in 2023, growing at a CAGR of 7.0% from 2017 to 2023.
A nano programmable logic controller (PLC) is an electronic device used to monitor, control, and manage building systems, production processes, and power. It is designed to perform a single set of tasks, except under real-time constraints, with superior reliability and performance. These controllers are designed to be extremely robust, often capable of withstanding extreme temperatures, humidity, vibration, and electrical noise to meet the demand for harsh industrial environments.
Requirement for compact automation solutions, enhanced efficiency, increased need for high-voltage operating devices are the key drivers of the global nano PLC market. However, high implementation cost and current leakage restrain the market growth. Integration of nano PLCs with human machine interface (HMI) is expected to provide lucrative opportunities for market expansion.
The global nano programmable logic controllers (PLC) market is segmented based on component, service, type, industry vertical, and geography. Based on component, it is divided into processor, power supply, and input/output (I/O). The service segment includes training, maintenance, and consulting. On the basis of type, it is bifurcated into fixed nano PLC and modular nano PLC. The industry vertical covered in the study include energy & power, automotive, oil & gas, pharmaceutical, and others. Geographically, the market is analyzed across North America (U.S., Mexico, and Canada), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
The major companies profiled in the report include Mitsubishi Electric Corporation, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, ABB Ltd., Robert Bosch GmbH, Honeywell International, Hitachi Ltd., IDEC Corporation, and General Electric.
KEY BENEFITS FOR STAKEHOLDERS Comprehensive analysis of the current trends and future estimations of the global nano programmable logic controllers (PLC) market is provided.
The report provides a competitive scenario of the market and growth trends, structure, driving factors, scope, opportunities, and challenges.
The report includes a detailed analysis of the key segments to provide insights on the market dynamics.
Porter’s Five Forces analysis highlights the potential of buyers and suppliers and provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making.
KEY MARKET SEGMENTS BY COMPONENT Processor
BY SERVICE Training
BY TYPE Fixed Nano PLC
Modular Nano PLC
BY INDUSTRY VERTICAL Energy & Power
Oil & Gas
Others (Food & Beverages and Pulp & Paper)
BY GEOGRAPHY North America
Rest of Europe
Rest of Asia-Pacific
KEY PLAYERS Mitsubishi Electric Corporation
Rockwell Automation Inc.
Schneider Electric SE
Robert Bosch GmbH
The other players in the value chain include (profiles not included in the report): FUJI Electric Co, LTD.
Texas Instruments Inc.
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