Micro and Nano PLC Market 2023: Latest Trends, Size, Industry Share, Report, and Forecast by 2028

The latest report by IMARC Group, titled “Micro and Nano PLC Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global micro and nano PLC market share. The global micro and nano PLC market is expected to exhibit a growth rate (CAGR) of 6.1% during 2023-2028. 

Micro and nano programmable logic controllers (PLCs) are compact electronic devices designed to control and monitor essential industrial machinery. They consist of input/output modules, a power supply unit, programming devices, and software for simulation, motion control, and redundancy. They can replace traditional relay control circuits, eliminating the need for complex hardwiring and rewiring processes. Nano PLCs are highly compact, about the size of a palm, and designed to be integrated into construction structures, effectively reducing panel space requirements by 10 points. On the other hand, micro PLCs offer an extensive range of features, boasting a robust instruction set of 15-128 1/0 and ample memory capacity to allow more flexible programming options. Additionally, they exhibit excellent resilience to extreme temperatures, humidity, vibrations, and electrical noise, ensuring reliable performance in challenging industrial environments. They can also transmit signals to controllers for supervisory control and data gathering. As a result, micro and nano PLCs find extensive applications in monitoring assembly lines, robotic devices, input devices, and other equipment that rely on serial communications across the globe.  

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/micro-nano-plc-market/requestsample

Micro and Nano PLC Market Trends and Drivers:

The global micro and nano PLC market is primarily driven by the rising demand for compact automation solutions and rapid industrialization. Moreover, the integration of micro and nano PLCs with human-machine interfaces (HMIs) is positively influencing market growth. Apart from this, the increasing use of PLCs in various industries, including power, energy, automotive, oil and gas, and pharmaceuticals, due to their compatibility with high-voltage devices, has catalyzed market growth. Additionally, the surging adoption of these medium- and small-sized PLCs in several niche application areas, such as in small machines mostly requiring basic serial communications as they are less expensive than standard-sized PLCs, is propelling the market growth. Besides this, the emergence of Industry 4.0 and the development of advanced sensors that consume minimal power and space are other major growth-inducing factors. In addition, the escalating demand for compact automation solutions across an increasing number of industries has accelerated the micro and nano PLCs adoption rate. Furthermore, the rising automation owing to the increasing manufacturing of vehicles and numerous electrical and electronic appliances as it aids in time management, improving efficiency, reducing the production cost, and ensuring timely product delivery is contributing to the market growth. Other factors, including the growing utilization of automatic security systems in commercial and residential buildings, extensive research and development (R&D) activities, and surging adoption of industrial robots for factory automation, are also anticipated to drive the market further.  

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

  • Micro PLC
  • Nano PLC

Breakup by Offering:

  • Hardware
  • Software
  • Services

Breakup by Architecture:

  • Modular PLC
  • Fixed/Compact PLC

Breakup by End Use Industry:

  • Automotive
  • Chemicals
  • Pharmaceuticals
  • Oil and Gas
  • Power
  • Metal and Mining
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Competitive Landscape with Key Player:

  • 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.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 |

United Kingdom: +44-753-713-2163

Comments

Post a Comment

Popular posts from this blog

Retail Market 2024-2032: Industry Growth, Share, Trends, Analysis and Research Report

Image
The latest report by IMARC Group, titled “ Retail Market Report by Product (Food and Beverages, Personal and Household Care, Apparel, Footwear and Accessories, Furniture, Toys and Hobby, Electronic and Household Appliances, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others), and Region 2024-2032 “, The global retail market size  reached US$ 28,514.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 46,304.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5.54% during 2024-2032.  The retail sector consists of a diverse array of businesses that directly sell goods and services to consumers. This industry includes various types of establishments, such as physical stores, online platforms, and vending machines. Retailers play a vital role in connecting producers with consumers, acting as the final link in the distribution chain. Ranging from large supermarket chains to s...
Read more

Payment Gateways Market 2024-2032: Global Size, Share, Growth, Trends and Forecast

Image
IMARC Group's report titled " Payment Gateways Market Report by Application (Large Enterprises, Micro and Small Enterprises, Mid-Size Enterprises), Mode of Interaction (Hosted Payment Gateways, Pro/Self-Hosted Payment Gateways, API/Non-Hosted Payment Gateways, Local Bank Integrates, Direct Payment Gateways, Platform-Based Payment Gateways), and Region 2024-2032 ". The global payment gateways market size reached US$ 24.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 42.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6% during 2024-2032. Factors Affecting the Growth of the Payment Gateways Industry: E-commerce Growth: The payment gateways market is greatly influenced by the rapid expansion of e-commerce on a global scale. With more businesses adopting online sales platforms and consumers favoring digital shopping experiences, the need for secure and efficient payment processing solutions is on the rise. Payment gateways play a crucial ...
Read more

Remote Patient Monitoring Market Trends 2023 Industry Demand, Revenue Growth and Competitive Analysis Forecast to 2028

Image
The latest report by IMARC Group, titled “ Remote Patient Monitoring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The global remote patient monitoring market size reached US$ 1.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.96 Billion by 2028, exhibiting a growth rate (CAGR) of 15.4% during 2023-2028.  Remote Patient Monitoring (RPM) is a healthcare practice that utilizes advanced technology to monitor the health of a patient remotely. It involves the collection, analysis, and transmission of patient data to healthcare providers, allowing for continuous monitoring of vital signs, symptoms, and other health-related metrics. This innovative approach has gained significant importance, especially in the context of modern healthcare, where the need for personalized, real-time care has grown substantially. RPM typically involves the use of various devices and sensors that patients can use in ...
Read more