Micro and Nano PLC Market has witnessed growth at a healthy pace over the years,, rapidly witnessing the shift to automated ecosystems, is also expected to present vast growth opportunities for the global micro and nano PLC market.
Albany, NY -- (SBWIRE) -- 01/03/2018 -- Global Micro and Nano PLC Market: Overview
In the past few years, programmable logic controllers (PLCs) have significantly advanced in terms of functionality, ease of use, communications, and programming flexibility. Such have been the developments in the field that traditional measures such as size or type of controller or input/output count have become a distant secondary criteria while choosing a PLC. Medium- and small-sized PLCs of present times pack features unheard of only a few years ago. Additionally, these scaled-down PLC units are also much less expensive than standard-sized PLCs and finding extensive usage across several niche application areas, such as in small machines mostly requiring basic serial communications.
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This report on the global micro and nano PLC market highlights the present growth dynamics of the market and predicts growth prospects of the market and its key segments on region, country, and global levels during the period from 2016 to 2024. The study also includes in-depth analysis of the various factors expected to have a notable impact on demand and market's overall development over the said period, including growth drivers, trends of past and present years, restraints, and opportunities. Moreover, a number of economic factors envisaged to affect the demand and supply of micro and nano PLCs across key regional markets are also analyzed in detail in this report.
In addition, the report also includes qualitative and quantitative details about the industry structure, market attractiveness for product types and regional markets, market share of the leading players, and regulatory framework native to different regions examined under the study for the micro and nano PLC market. The report offers an insight into micro and nano PLCs and other crucial segments of the market snack products based on revenue (US$ mn/bn) and sales volume (thousands).
Global Micro and Nano PLC Market: Drivers and Restraints
With micro and nano PLCs becoming the most widely installed types of PLCs in the past few years, their market has witnessed growth at a healthy pace over the years. The market has also witnessed vast advancements in terms of functionalities and programming flexibility over the years. In the near future, the rising demand for compact automation solutions across an increasing number of industries will continue to drive the market for micro and nano PLCs.
Some of the leading end-users of micro and nano PLCs are industries such as automotive, industrial automation, chemicals, pharmaceuticals, oil and gas, power, and metal and mining. Of these, the automotive industry is presently the dominant contributor to the revenue of the global market and is expected to retain dominance over the report's forecast period as well. The food and beverages industry, rapidly witnessing the shift to automated ecosystems, is also expected to present vast growth opportunities for the global micro and nano PLC market over the report's forecast period.
Global Micro and Nano PLC Market: Geographical and Competitive Dynamics
From a geographical perspective, the North America micro and nano PLC is expected to account for the dominant share in the global market over the forecast period, chiefly owing to the thriving trends of industrial automation and IoT connectivity in the region's strong industrial sector. Asia Pacific, a region that has witnessed the expansion and technological advancement of the industrial sector at an impressive pace in the past few years, is also expected to be a key regional market for micro and nano PLCs in the next few years.
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Some of the key vendors operating in the global micro and nano PLC market are Rockwell Automation Incorporation, Siemens AG, Mitsubishi Electric Corporation, and Schneider Electric SE.