Nano PLC Market: Global Industry Future Growth Scenario, Business Analysis, Opportunities and Challenges with Top Companies are 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 industrial processes. In the modern industrial environment, the competitive and technology landscape is changing at a fast pace. Digitalization and process automation is becoming a necessity for businesses to sustain themselves 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.

Download Sample Pages of This Research Study @ https://bit.ly/3lBJuHX

Programmable logic controllers or PLCs are solid-state electronic devices that are used to control and monitor the operations of various types of machines and processes. PLC is also known as a general-purpose controller. A PLC comprises of common components which include power supply, input/output (I/O), CPU or processor, memory, communication interface, programming software, and others. PLCs are widely used in industries for large to small-scale automation applications. They monitor input from various devices such as sensors, switches etc. PLCs are commonly found in two configurations, namely, brick and modular. The common classes of PLC include large PLC, small PLC, micro PLC, and nano PLC. Nano PLCs are small bricks that come with a display and I/O. The usage of nano PLCs for low and small-scale automation in industrial, commercial, and industrial is growing at an impressive pace. Nano PLCs offer several advantages over other classes of PLCs such as easy installation, competitive pricing, and easy-to-use functionality. They also reduce the challenges associated with moving from conventional control systems to PLC systems which require trained professionals and high investment in infrastructure development. Nano PLCs are considered to have less than 30 I/O points and various companies also offer expandable options to adapt with changing automation requirements in dynamic industrial situations. Some of the common application areas of these PLCs include home automation, energy management, industrial control, lighting, and HVAC among others. Nano PLCs are also offering capabilities such as ethernet connection, email alerts, remote monitoring, and integration with SCADA systems; and thus, providing customers with an easy solution for their automation needs. The high energy and money-saving capabilities of nano PLCs are boosting the adoption of nano PLCs in the home & building automation, automotive, energy & power, food & beverages, and many other industries.

The nano PLC market is anticipated to witness impressive growth over the forecast period. The growing demand for compact automation solutions in industries and the rising up-gradation of conventional control systems with nano PLCs are among the major factors driving the global nano PLC market growth. However, a lack of awareness and availability of other control devices may restrain the growth of this market. Despite these limitations, the rising trend of home & building automation and increasing technological advancements to incorporate advanced features are likely to boost the nano PLC market growth over the forecast period.

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 the 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.  

Directly Purchase A Copy of This Research Study @ https://bit.ly/3yuYon4

Additionally, in case you are interested in another topic at the moment, please share your exact requirements with us as apart from our off-the-shelf reports, we also provide customized reports that are prepared to keep in view the client's precise requirements. To let you know, on an annual basis, we publish over 450+ reports across 18 distinct industry verticals.

Contact us:

If you have any queries about this report or would like further information, please contact us:

North America:          +1 646 491 9876

Asia-Pacific:               +91 20 6727 8686

Email:                         sales@theinsightpartners.com

ABOUT US:

The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialists in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Our research model is very simple. We believe in client servicing and delivering the best quality to our customers. Through our research content, we are making sure that our customers get value for their money along with better quality data and analysis.

Our research content is majorly focused on market trends in terms of market sizing, competitive landscaping, company analysis, regional or country analysis, etc. We provide a detailed break-up of segmentation in terms of geography, technology, product, and services, etc.; which helps our clients to get a deeper analysis on various research topics.

This release was published on openPR.