Global Micro and Nano Programmable Logic Controller (PLC) Market – Industry Trends and Forecast to 2029

Market Analysis and Size

Programmable logic controllers (PLCs) have greatly improved over recent years in terms of capability, usability, communications, and programming flexibility. Because of the advancements in the sector, conventional measurements such controller size, type, and input/output count are now only a distant secondary consideration when selecting a PLC. Today's medium- and small-sized PLCs have features that were unheard of just a few years ago. These smaller PLC units are also far less expensive than standard-sized PLCs, and they are widely used in various specialized applications, such as small machines with a focus on basic serial connections.

Global micro and nano programmable logic controller (PLC) market was valued at USD 8.15 million in 2021 and is expected to reach USD 14.54 million by 2029, registering a CAGR of 7.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Report Scope and Market Segmentation

Market Definition

Small electronic devices called Micro and Nano Programmable Logic Controllers (PLC) are used to monitor and control fundamental industrial machinery. Input/output modules, power supplies, programming tools, simulation, motion control, and redundancy software are among them. They are used to keep an eye on robotics, input devices, assembly lines, and other machinery that needs serial communications. These programmable logic controllers (PLC) can send signals to controllers for data collection and supervisory control.

Micro and Nano Programmable Logic Controller (PLC) Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

• High Usage of Micro and Nano Programmable Logic Controller (PLC)

The market for PLC is expanding, and micro and nano programmable logic controller (PLC)s are being widely used for applications including security systems, conveyor automation, parking and building IoT lighting, among others. The programmable logic controller (PLC) have many uses in a variety of industries including power, energy, automotive, oil and gas, and pharmaceuticals, due to their ability to work with high-voltage equipment. The rising use of automatic security systems in office and residential buildings also fosters the market growth.

Furthermore, the factors such as requirement for compact automation solutions, global adoption of building and home automation systems, rising demand for compact automation solutions and a growing market for IoT-connected home appliances will accelerate the overall market expansion during the forecast period. Additionally, the rapid industrialization across the globe is anticipated to drive the growth rate of the micro and nano programmable logic controller (PLC) market. In keeping with this, the emergence of Industry 4.0 and the creation of sophisticated sensors with minimal power and space requirements are also fostering market expansion. They do not require the traditional hardwiring and rewiring of relay control circuits and are immune to electrical noise, vibration, and severe temperatures, which further positively impact the growth rate of the market during the forecast period.

Opportunities

• Usage of Industrial Robots And Research and Development

The widespread use of industrial robots for production automation is estimated to generate lucrative opportunities for the market, which will further expand the micro and nano programmable logic controller (PLC) market's growth rate over forecast period. Additionally, the significant research and development (R&D) efforts by market players further offer numerous growth opportunities within the market.

Restraints/Challenges

• High Costs

The additional cost incurred by expandability of micro and nano programmable logic controller (PLC) further derail the overall market’s growth, which impacts the adoption rate. Therefore, the costs issues are expected to obstruct market growth over the forecast period. Also, the oil and gas prices is yet another major restraint that hurdles the overall growth of the market.

• Risk of Security

The micro and nano programmable logic controller (PLC) are plagued by the numerous vulnerabilities, which largely influences the overall security. The various security risks is therefore estimated to be significant challenge for the micro and nano programmable logic controller (PLC) market over the forecast period.

This micro and nano programmable logic controller (PLC) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the micro and nano programmable logic controller (PLC) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Micro and Nano Programmable Logic Controller (PLC) Market

The micro and nano programmable logic controller (PLC) market was immensely impacted by the outbreak of COVID-19. This pandemic has caused a decline in several industries, including oil and gas and automotive, which has decreased demand for micro and nano programmable logic controller (PLC) from these industries. However, the demand for micro and nano programmable logic controller (PLC) from sectors like the pharmaceutical industry will also fuel market expansion throughout this time.

Global Micro and Nano Programmable Logic Controller (PLC) Market Scope

The micro and nano programmable logic controller (PLC) market is segmented on the basis of type, offering, architecture, and industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Micro PLC
• Nano PLC

 Offering

• Hardware
• CPU
•  Memory
• Executive Memory
• System Memory
• I/O Status Memory
• Data Memory
• User Memory
• Input/output Modules
• Power Supply Unit
• Programing Devices
• Software
• Programming Software
• Simulation Software
• Motion Control Software
• Redundancy Software
• Services
• Installation
• Software Upgradation
•  Training
• Maintenance

 Architecture

• Fixed PLC
• Modular PLC

Industry

• Automotive Industry
• Chemicals and Fertilizers Industry
• Food and Beverages Industry
• Home and Building Automation Industry
• Metals and Mining Industry
• Oil and Gas
• Pharmaceutical Industry
• Pulp and Paper Industry
• Power
• Water and Wastewater Industry

Micro and Nano Programmable Logic Controller (PLC) Market Regional Analysis/Insights

The micro and nano programmable logic controller (PLC) market is analyzed and market size insights and trends are provided by country, type, offering, architecture, and industry as referenced above.

The countries covered in the micro and nano programmable logic controller (PLC) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the micro and nano programmable logic controller (PLC) market because of the technological advancement and higher rate of automation in various applications within the region over the forecast period of 2022 to 2029.

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rapidly expanding industrial base and growing adoption of smart manufacturing processes across the region's industries.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Micro and Nano Programmable Logic Controller (PLC) Market Share Analysis

The micro and nano programmable logic controller (PLC) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to micro and nano programmable logic controller (PLC) market.

Some of the major players operating in the micro and nano programmable logic controller (PLC) market are

• ABB (Switzerland)
• Fujitsu (Japan)
• Toshiba Corporation (Japan)
• Texas Instruments Incorporated (U.S.)
• Cree LED (U.S.)
• Aixtron (Germany)
• Mitsubishi Chemical Corporation (Japan)
• Eaton (Ireland)
• Siemens (Germany)
• Belkin International, Inc (U.S.)
• Aukey (China)
• Gizmochina  (China)
• VisIC Technologies (Israel)
• Koninklijke Philips N.V. (Netherlands)
• VINA International Holdings LTD. (U.S.)
• GaN Systems Inc. (Canada)
• Epigan NV (Belgium)
• Navitas Semiconductor Ltd.(U.S.)

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