Nano PLC Market Trends, Growth Scenario, Future Scope, Size, Overall Analysis with Top Key Players Crouzet Automatismes, Emerson Electric, EZAutomation, IDEC Corporation and Keyence Corporation

The Nano PLC Market Was Valued At US$ 3.67 Billion In 2019 And Is Projected To Reach US$ 5.67 Billion By 2027; It Is Expected To Grow At A CAGR Of 5.7% From 2020 To 2027.

PLCs are general-purpose controller devices that are being widely used in manufacturing industries for monitoring and control of machines and processes. These devices offer advanced functions and communicate over the network to share data with respective departments for enhancing operational efficiency and reducing costs. Nano PLCs simplify the control systems in industrial environments by reducing complexity and increasing flexibility. In addition, the expandable options in nano PLCs are further increasing the capabilities of these devices to enhance and optimize the industrial processes. In modern industrial environments, the competitive and technology landscape is changing at a fast pace. Digitalization and process automation is becoming a necessity for businesses to sustain in the highly competitive manufacturing sector. In addition to the large automation requirements of industries, several small machines and processes require simple automation. Nano PLCs offer a great solution for such tasks and result in improved productivity with cost savings. In various industries, the major areas wherein nano PLCs are being used include infrastructure, production floor, handling machines, and service floor.

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Some of the common application areas of these PLCs include home automation, energy management, industrial control, lighting, and HVAC. Nano PLCs also facilitate Ethernet connection, email alerts, remote monitoring, and integration with SCADA systems, among others, thus providing customers with an easy solution for their automation needs. Nano PLCs offer a cost efficient solution for low level automation applications which is anticipated to boost the adoption of nano PLCs in home and building automation, automotive, energy & power, food & beverages, and other industries.

The demand for nano PLCs is expected to grow with the rising demand for compact automation solutions in industries and need to upgrade the conventional control systems with nano PLCs. Based on geography, North America holds a significant share of the nano PLC market, and the market in this region is expected to grow at a high rate owing to the rapid adoption of technologies in the region.

The Top Companies Operating in the field of nano PLC include Crouzet Automatismes SAS, Emerson Electric Co., EZAutomation, IDEC Corporation, Keyence Corporation, Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., and Schneider Electric SE.  

The Nano PLC Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.

Increasing trend of home and building automation

The reach of connected devices and adoption of advanced technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) are succeeding at an unprecedented pace. Moreover, home and building automation is a fast-growing industry, which offers ample growth opportunities to nano PLC market players. Nano PLCs offer a cost-effective, less complex, and energy- and space-saving automation solution for the automation applications. Hence, the rising demand for innovative and flexible automation solutions in residential and commercial buildings is projected to boost the global nano PLC market growth during the forecast period.

Company Overview:

Company overview provides the information about location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.

Financial Performance:

Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the sub title “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.

Product Benchmarking:

Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.

Strategic Initiatives:

Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in market are covered under strategic initiatives section.

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The Nano PLC Market research study is designed keeping in focus all the major countries. Although, all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries which are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.

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