Micro and Nano PLC Market Scope
Programmable logic controller is a digital computer used for the automation of industrial electromechanical processes. The PLC continuously monitors the state of input devices and makes decisions based on a customized program to control the state of output devices. On the basis of input/output points, two types of PLCs have been defined namely, micro PLC and nano PLC. Micro PLC has 36 to 256 I/O points, whereas nano PLC has less than 36 I/O points. The increasing automation of industrial processes, demand for compact automation solutions, and widespread adoption of IoT connectivity are the key influencing factors of the market.
Attributes | Details |
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Study Period | 2017-2026 |
Base Year | 2020 |
Unit | Value (USD Million) |
Key Companies Profiled | ABB (Switzerland), Mitsubishi Electric (Japan), Rockwell Automation (Japan), Schneider Electric (France), Siemens (Germany), Robert Bosch (Germany), General Electric (United States), Idec (Japan), Omron (United States) and B&R Industrial Automation (Austria) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
ABB (Switzerland), Mitsubishi Electric (Japan), Rockwell Automation (Japan), Schneider Electric (France), Siemens (Germany), Robert Bosch (Germany), General Electric (United States), Idec (Japan), Omron (United States) and B&R Industrial Automation (Austria) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Micro and Nano PLC market by Type , by Application (Automotive, Home & Building Automation and Food & Beverages) and Region with country level break-up.
On the basis of geography, the market of Micro and Nano PLC has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2020.
Market Leaders and their expansionary development strategies
On 7th April 2022, Mitsubishi Electric Signs Share-transfer Agreement to Wholly Acquire Swedish Elevator Company Motum Motum, in addition to selling and installing new elevators, also has contracts for servicing more than 20,000 units under a multi-brand maintenance business. Established by merging three Swedish elevator companies in 2013, it is now the largest independent elevator company in Nordic region.
On 11th May 2022, Rockwell Automation, Inc. the world's largest company dedicated to industrial automation and digital transformation, announced the release of a new line of industrial monitors that can help machine builders differentiate their machines and meet a wide range of application needs. The new Allen-Bradley ASEM 6300M industrial monitors, part of the product family formerly known as VersaView 6300, offer several design options.
Micro and Nano PLC Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Product Innovation According To Customer Preferences
- Growing Demand for Automation market
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Key Restraints | - High cost incurred by Expandability of Micro and Nano PLC
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Challenges | - Challenge for Increasing Security Risks
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Market Opportunities | - Widespread Adoption of IoT Connectivity
- Integration of Micro PLCs with Human Machine Interface
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Key Target Audience
Micro And Nano PLC Manufacturers, Micro And Nano PLC Raw material suppliers, Medium-sized, and Small Enterprises and Research and Development Institutes