Nano Programmable Logic Controller (PLC) Market Expected to Reach $4,250 Million, Globally, by 2023

WILMINGTON, DELAWARE, UNITED STATES, August 23, 2024 /EINPresswire.com/ -- Nano PLC is an electronic device used to monitor, control, and manage building systems, production processes, and power. It is designed to perform a single set of tasks with superior reliability and performance. The processor component represents almost 50% of the total nano PLC market, owing to its resilience and high efficiency. In addition, advanced power management modules to achieve better efficiency are expected to fuel its adoption in the energy & power, and automotive sectors. Allied Market Research, titled, Nano Programmable Logic Controller (PLC) Market by Component, Service, Type, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the nano programmable logic controller (PLC) market was valued at $2,585 million in 2016, and is projected to reach $4,250 million by 2023, growing at a CAGR of 7.0% from 2017 to 2023. The Processor segment held nearly half of the total market in 2016.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂: https://www.alliedmarketresearch.com/request-sample/2349

Nano programmable logic controller is used across numerous industries such as energy & power, automotive, oil & gas, pharmaceutical, and others. At present, the rise in demand for automated electronic devices and the increase in the trend of artificial intelligence (AI) drive the market. Moreover, the popularity of the Internet of Things (IoT) is expected to provide lucrative opportunities to market players.

The processor segment is estimated to maintain its lead in the global nano programmable logic controller (PLC) market, as it is the most important part of the controller for operations. Moreover, the input/output (I/O) segment is expected to grow, owing to its durability and easy replacement.

The fixed nano PLC segment dominated the global market in 2016, accounting for more than half of the total market share. The requirement for compact automation solutions, enhanced efficiency, and increased need for high-voltage operating devices fuel the market growth. However, the modular nano PLC segment is expected to grow at the highest CAGR of 6.3% during the forecast period, due to an increase in demand for module rack systems.

Asia-Pacific was the major revenue contributor in 2016 and is expected to maintain its dominance throughout the forecast period. This is attributed to the increase in several automated devices and solutions. Moreover, developments in energy & power, and automotive sectors are anticipated to boost the growth of the nano programmable logic controller (PLC) market, especially in the Asia-Pacific countries, such as China, Japan, South Korea, and India.

Europe is anticipated to grow at the highest CAGR of 8.4% during the analysis period, owing to an increase in demand for automated devices and a rise in the adoption of controllers in the automotive and oil & gas sectors. Moreover, technological advancements to overcome the complexity of the circuit are expected to offer lucrative opportunities for market players shortly.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/2349

𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐟𝐨𝐫 𝐂𝐨𝐦𝐩𝐚𝐜𝐭 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬
The nano programmable logic controller (PLC) market is expected to exhibit substantial growth opportunities, owing to its ability to perform a single set of tasks with superior reliability and performance, except under real-time constraints. At present, increased requirements for automated machinery in industries have led to a rise in the adoption of nano PLC modules for monitoring and controlling the production process.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐍𝐞𝐞𝐝 𝐟𝐨𝐫 𝐇𝐢𝐠𝐡-𝐯𝐨𝐥𝐭𝐚𝐠𝐞 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐃𝐞𝐯𝐢𝐜𝐞𝐬
Nano programmable logic controllers (PLC) are applicable across automotive, oil & gas, and energy & power industries, owing to the aggrandized use of high-voltage operating devices. Nano PLC is an electronic device used to monitor, control, and manage building systems, production processes, and power. It is the most commonly used power monitor, which can be operated at high voltage and high current with minimized power loss. Fixed nano PLC is used in electronic applications, such as inverters, converters, and other basis controllers, owing to its ease of control at high voltages.

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐍𝐚𝐧𝐨 𝐏𝐫𝐨𝐠𝐫𝐚𝐦𝐦𝐚𝐛𝐥𝐞 𝐋𝐨𝐠𝐢𝐜 𝐂𝐨𝐧𝐭𝐫𝐨𝐥𝐥𝐞𝐫 (𝐏𝐋𝐂) 𝐌𝐚𝐫𝐤𝐞𝐭:

- In 2016, the processor segment dominated the global nano PLC market, in terms of revenue, and is anticipated to grow at a CAGR of 6.2% during the forecast period.
- The modular nano PLC segment is expected to exhibit the highest growth rate, owing to its flexibility and durability.
- The training segment dominated the global nano PLC market, accounting for nearly half of the total market share in 2016.

The key players operating in the nano programmable logic controller (PLC) market have adopted new product launches as their preferred strategy to expand their market foothold. The major players profiled in this report include 𝑴𝒊𝒕𝒔𝒖𝒃𝒊𝒔𝒉𝒊 𝑬𝒍𝒆𝒄𝒕𝒓𝒊𝒄 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏, 𝑹𝒐𝒄𝒌𝒘𝒆𝒍𝒍 𝑨𝒖𝒕𝒐𝒎𝒂𝒕𝒊𝒐𝒏 𝑰𝒏𝒄., 𝑺𝒄𝒉𝒏𝒆𝒊𝒅𝒆𝒓 𝑬𝒍𝒆𝒄𝒕𝒓𝒊𝒄 𝑺𝑬, 𝑺𝒊𝒆𝒎𝒆𝒏𝒔 𝑨𝑮, 𝑨𝑩𝑩 𝑳𝒕𝒅., 𝑹𝒐𝒃𝒆𝒓𝒕 𝑩𝒐𝒔𝒄𝒉 𝑮𝒎𝒃𝑯, 𝑯𝒐𝒏𝒆𝒚𝒘𝒆𝒍𝒍 𝑰𝒏𝒕𝒆𝒓𝒏𝒂𝒕𝒊𝒐𝒏𝒂𝒍, 𝑯𝒊𝒕𝒂𝒄𝒉𝒊 𝑳𝒕𝒅., 𝑰𝑫𝑬𝑪 𝑪𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒐𝒏, 𝒂𝒏𝒅 𝑮𝒆𝒏𝒆𝒓𝒂𝒍 𝑬𝒍𝒆𝒄𝒕𝒓𝒊𝒄.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/2349

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports consider significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on analyzing high-tech and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use various tools and techniques when gathering and analyzing data, including patented data sources.

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Allied Market Research
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