Micro and Nano PLC Market By Industry, and By Region-Forecast 2022-2030

SDKI Inc. published a new report on the Global Micro and Nano PLC Market-Forecast 2022-2030 on November 16, 2021. This study includes the statistical and analytical approaches needed to grow the micro and nano PLC market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

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The micro and nano PLC market is estimated to reach US $ 13.29 billion by 2030 from a market value of US $ 8.33 billion in 2022 and is expected to grow at a CAGR of 6.9% during the 2022-2030 forecast period.

Programmable logic controllers (PLCs) are used to automate industrial electromechanical processes. It is a digital computer used for. These controllers monitor and control the state of input devices and make decisions to manage the state of output devices. There are two types of these PLCs: micro PLCs and nano PLCs. They are designed to handle complex tasks for the smooth operation of industrial processes.

The growing demand for compact automation solutions and infrastructure automation is driving the adoption of micro and nano PLCs. In addition, the significant increase in IoT adoption around the world is expected to drive demand for micro and nano PLCs. These factors are driving the growth of the micro and nano PLC markets during the forecast period. In addition, rising demand for human-machine interfaces is expected to create significant opportunities for growth in the micro and nano PLC markets during the forecast period. However, the large investment required for expansion and fluctuating oil and gas prices can hinder the growth of the micro and nano PLC markets during the forecast period.

Micro and Nano PLC Market Segment

The micro and nano PLC markets are by type (micro PLC, nano PLC), offering (hardware, software, service), architecture (fixed PLC, modular PLC), industry (automobile, residential / building automation, food / Beverages), and divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

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Based on the offering, the hardware segment occupied the largest share of the micro and nano PLC market in 2015. Technological advances in hardware components and increased launches and developments of new products will increase hardware adoption across industries such as automotive, food and beverage, oil and gas, chemicals and pharmaceuticals. Meanwhile, the software and services segment is expected to grow at the largest CAGR between 2022 and 2030. The increasing level of automation in industrial plants has created a need for software that saves time in designing automated control applications and increases the level of safety during equipment handling. This is expected to boost the growth of this segment.

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SDKI Inc.'s goal is market scenarios in various countries such as Japan, China, the United States, Canada, the United Kingdom, and Germany. Is to clarify. We also focus on providing reliable research insights to clients around the world, including growth indicators, challenges, trends and competitive environments, through a diverse network of research analysts and consultants. With SDKI gaining trust and a customer base in more than 30 countries, SDKI is even more focused on expanding its foothold in other pristine economies.

This release was published on openPR.