Global Micro and Nano PLC Market: Overview

In the past few years, programmable logic controllers (PLCs) have significantly advanced in terms of functionality, ease of use, communications, and programming flexibility. Such have been the developments in the field that traditional measures such as size or type of controller or input/output count have become a distant secondary criteria while choosing a PLC. Medium- and small-sized PLCs of present times pack features unheard of only a few years ago. Additionally, these scaled-down PLC units are also much less expensive than standard-sized PLCs and finding extensive usage across several niche application areas, such as in small machines mostly requiring basic serial communications. 

This report on the global micro and nano PLC market highlights the present growth dynamics of the market and predicts growth prospects of the market and its key segments on region, country, and global levels during the period from 2016 to 2024. The study also includes in-depth analysis of the various factors expected to have a notable impact on demand and market’s overall development over the said period, including growth drivers, trends of past and present years, restraints, and opportunities. Moreover, a number of economic factors envisaged to affect the demand and supply of micro and nano PLCs across key regional markets are also analyzed in detail in this report. 

In addition, the report also includes qualitative and quantitative details about the industry structure, market attractiveness for product types and regional markets, market share of the leading players, and regulatory framework native to different regions examined under the study for the micro and nano PLC market. The report offers an insight into micro and nano PLCs and other crucial segments of the market snack products based on revenue (US$ mn/bn) and sales volume (thousands). 

Global Micro and Nano PLC Market: Drivers and Restraints

With micro and nano PLCs becoming the most widely installed types of PLCs in the past few years, their market has witnessed growth at a healthy pace over the years. The market has also witnessed vast advancements in terms of functionalities and programming flexibility over the years. In the near future, the rising demand for compact automation solutions across an increasing number of industries will continue to drive the market for micro and nano PLCs. 

Some of the leading end-users of micro and nano PLCs are industries such as automotive, industrial automation, chemicals, pharmaceuticals, oil and gas, power, and metal and mining. Of these, the automotive industry is presently the dominant contributor to the revenue of the global market and is expected to retain dominance over the report’s forecast period as well. The food and beverages industry, rapidly witnessing the shift to automated ecosystems, is also expected to present vast growth opportunities for the global micro and nano PLC market over the report’s forecast period. 

Global Micro and Nano PLC Market: Geographical and Competitive Dynamics

From a geographical perspective, the North America micro and nano PLC is expected to account for the dominant share in the global market over the forecast period, chiefly owing to the thriving trends of industrial automation and IoT connectivity in the region’s strong industrial sector. Asia Pacific, a region that has witnessed the expansion and technological advancement of the industrial sector at an impressive pace in the past few years, is also expected to be a key regional market for micro and nano PLCs in the next few years. 

Some of the key vendors operating in the global micro and nano PLC market are Rockwell Automation Incorporation, Siemens AG, Mitsubishi Electric Corporation, and Schneider Electric SE.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Micro Nano Plc Market