What Does the Historical and Current Micro And Nano PLC Market Size Trend Indicate?
The micro and nano plc market has seen considerable growth due to a variety of factors.
•The size of the micro and nano plc market has seen robust growth in the past few years. The market is projected to expand from $8.87 billion in 2024 to $9.61 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%.
The historic period's expansion can be linked to the rise in industrial automation, reduction in cost and miniaturization, enhanced integration with SCADA systems, along with the growing demand for energy efficiency.
How Will the Micro And Nano PLC Market Size Evolve over the Forecast Period?
The micro and nano plc market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated robust growth in the micro and nano plc market size over the upcoming years is expected to reach $13.66 billion by 2029, with a CAGR of 9.2%.
This surge during the forecast period can be credited to the heightened focus on cybersecurity, the necessity for instantaneous data processing, the growth of micro-manufacturing, its role in renewable energy systems, and the rise of smart factories. Furthermore, the forecast period will also witness some significant trends such as advancements in semiconductor technology, progress in communication technology, incorporation of artificial intelligence, sustainable and eco-friendly manufacturing, the inclusion of machine learning, and the use of blockchain for secure communication.
What Factors Are Driving Growth In The Micro And Nano PLC Market?
The micro and nano PLC market's growth is anticipated to be spurred by the rising adoption of industrial robots. An industrial robot, a mechanical tool devised to automatically perform production-related activities in industrial environments, is controlled and coordinated using micro and nano PLCs that facilitate IoT exchange and task sequencing. In May 2023, the International Federation of Robotics, a non-profit organization based in Germany, reported a 12% increase in the industrial robot installation in manufacturing, hitting 41,624 units in 2022, up from the previous year. In addition, there was a considerable 48% increase in the demand for robots from US car manufacturers and component producers, jumping from 9,854 units in 2021 to 14,594 units in 2022. As a result, the escalated adoption of industrial robots is fueling the growth of the micro and nano PLC market.
What Are The Main Segments Of The Global Micro And Nano PLC Market?
The micro and nano plc market covered in this report is segmented –
1) By Type: Micro PLC, Nano PLC
2) By Offering: Hardware, Software, Services
3) By Architecture: Fixed PLC, Modular
4) By Industry: Automotive, Chemicals And Fertilizers, Food And Beverages, Home And Building Automation, Metals And Mining, Oil And Gas, Pharmaceuticals, Pulp And Paper, Power, Water And Wastewater
Subsegments:
1) By Micro PLC: Compact Micro PLCs, Modular Micro PLCs, Integrated Micro PLCs
2) By Nano PLC: Basic Nano PLCs, Nano PLCs With Built-in I Or O, Nano PLCs With Communication Capabilities
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What Emerging Trends Are Influencing The Growth Of The Micro And Nano PLC Market?
Product innovation is emerging as a key trend in the micro and nano PLC sector. To maintain their competitive standing, significant companies in this market are focusing on innovative product development. To illustrate, Arduino, an American company specializing in open-source hardware and software, introduced OPTA, its first micro-PLC for industrial Internet of Things (IoT) applications, in March 2022. This cutting-edge micro-PLC is crafted to support high-performance computing, top-notch data security, and rapid evolution to cater to the demands of its users. It further aids in conducting OTA firmware updates and assures data security at hardware levels. Moreover, it permits OTA firmware updates and provides assurances about data security at the level of the hardware.
Who Are the Key Players in the Micro And Nano PLC Market?
Major companies operating in the micro and nano plc market include:
• Mitsubishi Electric Corporation
• Robert Bosch Gmbh
• Hitachi Ltd.
• Siemens AG
• General Electric Co
• Panasonic Corporation
• Schneider Electric SE
• Honeywell International Inc.
• ABB Ltd.
• Toshiba Corporation
• Eaton Corporation
• Texas Instruments Incorporated
• Emerson Electric Co
• Delta Electronics Inc.
• Rockwell Automation Inc.
• Omron Corporation
• Keyence Corporation
• Yokogawa Electric Corporation
• Phoenix Contact GmbH & Co. KG
• IDEC Corporation
• PICS Inc.
• HIMA Paul Hildebrandt GmbH
• Radwell International Inc.
• OSCO Controls Co
• Unitronics Corporation Inc.
What Is The Most Dominant Region In The Micro And Nano PLC Market?
North America was the largest region in the micro and nano PLC market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the micro and nano PLC market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
