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The global micro and nano PLC market grew at a CAGR of around 6% during 2015-2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during the next five years. Micro and nano programmable logic controllers (PLC) are small-sized electronic devices used to control and monitor basic industrial machines. They include input/output modules, power supply unit and programming devices, along with simulation, motion control and redundancy software. They are used for monitoring assemble lines, robotic devices, input devices and other equipment that require serial communications. These PLCs can transmit signals to controllers for supervisory control and gathering data. They eliminate the need for hardwiring and rewiring conventionally used relay control circuits and are resistant to extreme temperatures, humidity, vibrations and electrical noise.
Rapid industrialization across the globe, along with an increasing requirement for compact automation solutions, is one of the key factors driving the growth of the market. Furthermore, the integration of micro and nano PLCs with a human-machine interface (HMI) is also driving the market growth. PLCs can be used with high-voltage devices and, as a result, finds extensive applications across various industries, including power, energy, automotive, oil and gas and pharmaceuticals. Additionally, the widespread adoption of industrial robots for factory automation is acting as another major growth-inducing factor. In line with this, the advent of Industry 4.0 and the development of advanced sensors that consume minimal power and space are also contributing to the market growth. Other factors, including the increasing utilization of automatic security systems in commercial and residential buildings, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
IMARC Group provides an analysis of the key trends in each sub-segment of the global micro and nano PLC market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type, offering, architecture and end use industry.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., B&R Industrial Automation GmbH, General Electric Company, IDEC Corporation, Mitsubishi Electric Corporation, Omron Corporation, Robert Bosch Stiftung Gmbh, Rockwell Automation Inc., Schneider Electric and Siemens Aktiengesellschaft.
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