Nano Programmable Logic Controller (PLC) Market Size Worth USD 5.26 Billion in 2032 | Emergen Research

The global nano Programmable Logic Controller (PLC) market size was USD 2.58 billion in 2022 and is expected to register a steady revenue CAGR of 7.3 % during the forecast period, according to latest analysis by Emergen Research. Increasing use of nano Programmable Logic Controllers (PLCs) in industrial automation and process control is a kay factor driving market revenue growth. Nano PLCs are engineered to execute a range of functionalities related to Industrial Internet of Things (IIoT), including remote monitoring and control, cloud connectivity, data aggregation, visualization, and energy conservation. Manufacturing industries are rapidly incorporating industrial Internet of Things (IoT) platforms owing to rapid Internet penetration. According to International Telecommunication Union (ITU), 5.3 billion people or 66% world populations were using Internet in 2022. In addition, introduction of Fifth generation (5G) technology in smart factories is another key factor driving revenue growth of the market. According to GSM Association, the number of 5G connections is expected to exceed 2 billion by 2025.

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Some Key Highlights From the Report
• The fixed nano PLC segment is expected to account for largest share in the global nano PLC market over the forecast period. This is due to increasing use of fixed nano PLCs designed for essential industrial automation processes in machinery and equipment such as robotic arms, conveyors, motors, pumps, chillers, and other equipment. Fixed nano PLCs have a small form factor and unified structure that houses a power supply, CPU, and I/O components.

• The automation segment is expected to register steadily fast revenue growth in the global nano PLC market rate over the forecast period attributed to rising use of nano PLCs in industrial automation. Nano PLCs are widely used in various industrial automation devices, including Autonomous Mobile Robots (AMRs), conveyor systems, Computerized Numerical Control (CNC) machines, and material handling equipment.

• The North America market accounted for largest revenue share in the global nano PLC market in 2022. This is due to rapid procurement of Nano Programmable Logic Controllers (PLCs) in industrial automation and control. Nano PLCs are critical components in many industrial automation and control functions, including logic control, process control, data collecting, and remote monitoring. In addition, major competitors increasing export volume of Nano PLC is also expected to drive market revenue growth during the forecast period. For example, ABB Ltd, a prominent competitor in the Nano PLC market, is investing USD 170 million by 2024 to increase its competitive footprint in the U.S. by channeling investments into electrification and automation divisions.

Major Players/Manufacturers profiled in the report are:

Eaton Corporation, Schneider Electric SE, Siemens AG, Emerson Electric Co, Rockwell Automation, Inc., ABB Ltd, Delta Electronics, Inc., Beckhoff Automation GmbH & Co. KG, WAGO GmbH & Co., Mitsubishi Electric Corporation, Omron Corporation, Keyence Corporation, IDEC Corporation, and Crouzet Automatismes SAS

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Global Nano Programmable Logic Controller Market Report - Segmental Analysis:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Fixed Nano PLC
o Modular Nano PLC

• CPU Speed Outlook (Revenue, USD Billion; 2019-2032)
o Slow Speed CPU
o Medium Speed CPU
o High-Speed CPU

• Communication Protocols Outlook (Revenue, USD Billion; 2019-2032)
o Modbus
o Profibus
o EtherNet/Internet Protocol (IP)
o Others

Key Geographies Profiled in the Report:
• North America(the U.S., Mexico, and Canada)
• Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
• Europe(the U.K., France, Germany, and Rest of Europe)
• Latin America(Brazil and Rest of Latin America)
• Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

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Global Nano Programmable Logic Controller Market Report - Table of contents:

• Chapter 1 includes the global Nano Programmable Logic Controller market introduction, followed by an overview of the market scope, product offerings, growth opportunities, market risks, driving forces, and others.

• Chapter 2 offers an exhaustive study of the key manufacturers of the Nano Programmable Logic Controller industry, along with their anticipated sales and revenue shares.

• Chapter 3 elaborates on the competitive outlook of the Nano Programmable Logic Controller market, focusing on the major manufacturers and vendor landscape.

• Chapter 4 entails a broad market segmentation based on region and determines the sales, revenue, and market shares of each region over the estimated period.

• Chapters 5, 6, 7, 8, and 9 continue with market segmentation based on product type, application range, and market players.

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