Nano PLC (Programmable Logic Controller): Big Performance in a Little Package

In terms of revenue, the nano PLC market was valued at US$ 3.67 Bn in 2019 and is projected to reach US$ 5.67 Bn by 2027; it is expected to grow at a CAGR of 5.7% from 2020 to 2027.

A nano programmable logic controller (PLC) offer economical solutions to basic control needs for simple machines ranging from simple control timing and logic to relay replacement. Integrated I/O & communication, compact packaging and ease of usage make these controllers an ideal choice for applications such as security systems, conveyor automation, building and parking lot lighting and others. The nano PLC perform functions such as data gathering, monitoring devices, supervisory control and various other process parameters of programs through communicating with other computer equipment or controllers.

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Top Key Players: Crouzet Automatismes,EZAutomation Australia Pty Ltd. (AVG Automation),General Electric,IDEC Corporation,KEYENCE CORPORATION,Mitsubishi Electric Corporation,Omron Corporation,Rockwell Automation, Inc.,Schneider Electric,Siemens AG

The nano PLC market is anticipated to grow owing to driving factors such as the growing home automation market, rising demand for compact automation and increase in adoption of IoT in various industries. However, the huge capital investment involved in installation of nano PLC is expected to hinder the market growth.

The global Nano PLC market is segmented on the basis of type, component and industry vertical. Based on type, the market is segmented as fixed nano PLC and modular nano PLCs. Further, based on component, the market is divided into hardware and software. Hardware is further sub segmented by processor, power supply, input/output (I/O) and others. Furthermore, on basis of industry vertical, market is segmented as energy & power, automotive, oil & gas, pharmaceutical, metals & mining and others.


Source: The Insight Partners