A programmable logic controller is an electronic device that is used for the control of manufacturing processes, such as assembly lines, or robotic devices, or any activity that needs high reliability, ease of programming and process fault diagnosis. It continuously monitors the state of input devices and makes decisions based upon a custom program to control the state of output devices. Micro and Nano PLC are standard-sized PLCs, they are used across several application areas, such as in small machines mostly requiring basic serial communications. PLCs are designed to be extremely robust, can withstand extreme temperatures, humidity, vibration, and electrical noise.
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MICRO AND NANO PLC MARKET OUTLOOK
Increasing demand for compact automation solutions will drive the market. Various industries across the globe are demanding compact, scalable, and flexible automation solutions. Micro and Nano PLCs are smaller in size, faster in speed, and have almost the same capacity as larger PLCs. Besides, these compact automation solutions help companies to control their inventory and reduce transportation cost. Thereby, increasing its demand. Moreover, factors such as increasing adoption in industrial sector and growing Home & Building Automation Market will further boost the market. North America is expected to have largest share in Micro and Nano PLC market. This growth of the market in the region is attributed to the adoption of internet of things connectivity along with growth of various industries in the region.
MICRO AND NANO PLC MARKET COVID-19 IMPACT
The global COVID-19 pandemic has badly hit many economies around the globe. It has affected lives and businesses worldwide. Due to worldwide lockdown various sectors and industries are facing challenges during this pandemic, it has affected Micro And Nano PLC market as well. Various sectors such as oil & gas and automotive have been down due this pandemic that has reduced the demand for Micro And Nano PLC from these sectors. However, demand of Micro and Nano PLCs from industries such as pharmaceuticals will drive the market growth during this period as well.
MICRO AND NANO PLC MARKET REGIONAL TRENDS
The global Micro and Nano PLC market is studied for the key regions such as North America, Europe, Asia Pacific and Rest of the World. North America region comprises of U.S., Canada and Mexico. Whereas Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. Asia Pacific covers China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa. North America is expected to account for the largest market share in the market during the forecast period. This growth of the market in the region can be attributed to the adoption of internet of things connectivity along with growth of various industries in the region.
MICRO AND NANO PLC MARKET SEGMENTAL HIGHLIGHTS
The report analyses the global Micro and Nano PLC market based on type, offering, architecture, end user, and geography. The Micro and Nano PLC market is broadly segmented on the basis of type as Micro PLC and Nano PLC. Based on offering it is classified as Hardware, Software, and Service. Hardware are further segmented into CPU, Memory, Input/output Modules, Power Supply Unit, and Programing Devices. Software is further segmented into Programming Software, Simulation Software, Motion Control Software, and Redundancy Software. Services segmented into Installation, Software Up gradation, Training, and Maintenance. Based on Architecture it is classified as Fixed PLC and Modular PLC. End-user studied in the report are Automotive, Chemicals & Fertilizers, Food & Beverage, Home & Building Automation, Metals & Mining, Oil & Gas, Pharmaceuticals, Pulp & Paper, Energy & Power, and Water and Wastewater Treatment.
MICRO AND NANO PLC MARKET KEY PLAYERS
The key companies in the Micro and Nano PLC market are ABB Ltd., Mitsubishi Electric Corporation, Rockwell Automation, Inc., chneider Electric SE, Siemens AG, Robert Bosch GmbH, General Electric Co., IDEC Corporation, Omron Corporation, B&R Industrial Automation, Toshiba International Corporation, Fatek Automation Corporation, Keyence Corporation
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