Europe Nano PLC Market Outlook To 2027 Lead By Crouzet Automatismes SAS, Emerson Electric, IDEC, Keyence, Mitsubishi Electric, OMRON, Rockwell Automation

The Europe Nano PLC market is expected to reach US$ 1,231.2 Mn by 2027 from US$ 863.6 Mn in 2019, at a CAGR of 4.6% from 2020 to 2027. Factors driving the market growth in this region include rising demand for compact automation solutions in various industries and upgrading of conventional control systems.

Programmable logic controllers (PLCs), also known as general-purpose controllers, are solid-state electronic devices that are used to control and monitor operations of various machines and processes. The common components of these controllers include power supply, input/output (I/O), CPU or processor, memory, communication interface, programming software, and others. The nano PLC market is segmented on the basis of component, type, industry.

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Some of the leading players in Europe market are Crouzet Automatismes SAS, Emerson Electric Co., IDEC Corporation, Keyence Corporation, Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., Schneider Electric SE, Siemens AG

Based on component, the market is segmented into hardware and software. The market, based on type, is segmented into fixed nano PLC and modular nano PLC. On the basis of industry, the market is segmented into automotive, energy & power, home and building automation, oil & gas, pharmaceuticals, metals & mining, and others.

In terms of component, the hardware segment accounted for a larger share of the Europe nano PLC market in 2019. In terms of type, the fixed nano PLC segment held a greater share of the market in 2019. Further, in terms industry, automotive segment held the largest market share in 2019.

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