Overview and Scope
Micro and nano PLCs are compact programmable logic controllers designed for small-scale automation systems with limited I/O requirements. They offer simplified control functions, compact size, and flexibility, making them suitable for applications where space is constrained, or a smaller number of I/O points are needed. These PLCs are utilized in various industries to control and monitor machines, equipment, and processes efficiently and reliably.
Sizing and Forecast
The micro and nano plc market size has grown strongly in recent years. It will grow from $8.35 billion in 2023 to $9.07 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to industrial automation surge, cost reduction and miniaturization, increased integration with scada systems, demand for energy efficiency.
The micro and nano plc market size is expected to see strong growth in the next few years. It will grow to $12.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to increased emphasis on cybersecurity, demand for real-time data processing, expansion of micro-manufacturing, application in renewable energy systems, rise of smart factories. Major trends in the forecast period include advancements in semiconductor technology, technological advancements in communication, integration with artificial intelligence, sustainability and green manufacturing, machine learning integration, blockchain for secure communication.
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Segmentation & Regional Insights
The micro and nano plc market covered in this report is segmented –
1) By Type: Micro PLC, Nano PLC
2) By Offering: Hardware, Software, Services
3) By Architecture: Fixed PLC, Modular
4) By Industry: Automotive, Chemicals And Fertilizers, Food And Beverages, Home And Building Automation, Metals And Mining, Oil And Gas, Pharmaceuticals, Pulp And Paper, Power, Water And Wastewater
North America was the largest region in the micro and nano PLC market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the micro and nano plc market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The adoption of industrial robots is expected to propel the growth of the micro and nano PLC market going forward. An industrial robot is a mechanical device designed to carry out production-related tasks in industrial settings automatically. Micro and nano PLCs coordinate the entire process of industrial robots, providing IoT exchange and task sequencing. For instance, in May 2023, according to the International Federation of Robotics, a Germany-based professional non-profit organization, the installation of industrial robots in manufacturing rose by 12% and reached 41,624 units in 2022 compared to 2021. Additionally, in the United States, the demand for robots from car makers and component manufacturers witnessed a substantial increase of 48%, surging from 9,854 units in 2021 to 14,594 units in 2022. Therefore, the adoption of industrial robots is driving the growth of the micro and nano PLC market.
Key Industry Players
Major companies operating in the micro and nano plc market report are Mitsubishi Electric Corporation, Robert Bosch Gmbh, Hitachi Ltd., Siemens AG, General Electric Co, Panasonic Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Eaton Corporation, Texas Instruments Incorporated, Emerson Electric Co, Delta Electronics Inc., Rockwell Automation Inc., Omron Corporation, Keyence Corporation, Yokogawa Electric Corporation, Phoenix Contact GmbH & Co. KG, IDEC Corporation, PICS Inc., HIMA Paul Hildebrandt GmbH, Radwell International Inc., OSCO Controls Co, Unitronics Corporation Inc.
The micro and nano plc market report table of contents includes:
1. Executive Summary
2. Micro And Nano PLC Market Characteristics
3. Micro And Nano PLC Market Trends And Strategies
4. Micro And Nano PLC Market – Macro Economic Scenario
5. Global Micro And Nano PLC Market Size and Growth
…
32. Global Micro And Nano PLC Market Competitive Benchmarking
33. Global Micro And Nano PLC Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Micro And Nano PLC Market
35. Micro And Nano PLC Market Future Outlook and Potential Analysis
36. Appendix
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