Nano Programmable Logic Controller (PLC) Market Report Forecasts Impressive Growth by 2022 - Scalar Market Research

According to the report, “Nano Programmable Logic Controller (PLC) Market, by Component (Processor, Power Supply, Input/Output (I/O), Service (Training, Maintenance, and Consulting), Type (Fixed Nano PLC and Modular Nano PLC), Industry Vertical (Energy & Power, Automotive, Oil & Gas, Pharmaceutical) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022”, the market for nano programmable logic controller (PLC) is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.

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A Nano Programmable Logic Controller (PLC) is a computer used in industries that is programmed in a way to perform control functions. This type of controllers can remove the traditional hardwiring involved in relay control circuits resulting in improved productivity. In Nano programmable logic controllers, it is easier to reprogram rather than changing the entire circuit. They are capable of communicating with other controllers and computer equipment which helps to efficiently perform functions such as supervisory control, monitoring other devices, data gathering and other program process parameters. To withstand harsh industrial environment, the controllers are made sturdy which can withstand rough temperatures, pressure, humidity and vibrations or other electrical noises.

KEY PREMIUM INDUSTRY INSIGHTS

1. The Nano programmable logic controller are extensively used in energy and power, oil and gas, automotive, and other sectors. Their durability to withstand severe environmental conditions and increased efficiency is contributing towards the growth of the Nano PLC market.

2. The rise in demand for compact automation solutions, and increased need for high-voltage operating devices are some factors driving the growth of the market. The market is growing steadily due to the compact size of PLC and strong durability. Research is being carried out to integrated Nano PLCs with human machine interface, which can result in newer opportunities for the market growth.

3. However, high implementation cost and leakage of current is hampering the growth of the Nano PLC market. Nano PLCs have the capability of performing every single task with great reliability and precision and this feature shall continue to boost the market during the forecasted period.

The Nano programmable logic controller market is divided into five major geographical segments which are North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Nano PLCs can be used in high-voltage and high-current environments by minimizing power loss. Hence, they are used in inverters and converters. This is contributing towards the global PLC market growth. The Asia-Pacific region holds the highest market share and is the largest revenue contributor for the global Nano PLC market. The region holds dominance because of rising demand for semiconductor and automated devices.

KEY MARKET PLAYERS

Key players in the nano programmable logic controller (PLC) market include:

1. Mitsubishi Electric Corporation
2. Rockwell Automation Inc.
3. Schneider Electric SE
4. ABB group
5. Robert Bosch
6. Honeywell International
7. Hitachi
8. IDEC Corporation
9. General Electric
10. Siemens AG

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