What are the Forecasted Market Size and Growth Rates for Micro And Nano PLC Global Market 2024-2029?
The micro and nano plc market size has noted commendable growth in recent years, expanding from $8.87 billion in 2024 to $9.61 billion in 2025. This indicates a compound annual growth rate (CAGR) of 8.3%. The growth during the historic period can be attributed to factors such as industrial automation surge, cost reduction and miniaturization, increased integration with SCADA systems, and an increased demand for energy efficiency. The market’s future prospects also look promising. It is expected to grow to $13.66 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%. The growth in the forecast period can be attributed to an increased emphasis on cybersecurity, demand for real-time data processing, expansion of micro-manufacturing, application in renewable energy systems, and the rise of smart factories. The forecast period will also witness key advancements in semiconductor technology, communication technologies, integration with artificial intelligence, green manufacturing, and machine learning integration. These trends, coupled with the application of blockchain for secure communication, will drive market growth.
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What are the Key Factors Driving the Micro And Nano PLC Global Market’s Growth?
The adoption of industrial robots is expected to propel the growth of the micro and nano PLC market in the upcoming years. These mechanical devices, designed to carry out production-related tasks in industrial settings automatically, are efficiently managed and coordinated by micro and nano PLCs. In May 2023, the International Federation of Robotics reported a 12% increase in the installation of industrial robots in manufacturing, reaching 41,624 units in 2022 from 2021. Furthermore, in the automotive industry in the United States, the demand for robots from car makers and component manufacturers witnessed a significant increase of 48%, surging from 9,854 units in 2021 to 14,594 units in 2022. These figures indicate the expanding role of industrial robots in driving the growth of the micro and nano PLC market.
What are the Key Segments of the Micro And Nano PLC Global Market?
1) By Type: Micro PLC, Nano PLC
2) By Offering: Hardware, Software, Services
3) By Architecture: Fixed PLC, Modular
4) By Industry: Automotive, Chemicals And Fertilizers, Food And Beverages, Home And Building Automation, Metals And Mining, Oil And Gas, Pharmaceuticals, Pulp And Paper, Power, Water And Wastewater
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Who are the Major Players in the Micro And Nano PLC Global Market?
Key companies operating in the micro and nano PLC market include reputable names like Mitsubishi Electric Corporation, Robert Bosch Gmbh, Hitachi Ltd., Siemens AG, General Electric Co, Panasonic Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Eaton Corporation, Texas Instruments Incorporated, Emerson Electric Co, Delta Electronics Inc., Rockwell Automation Inc., Omron Corporation, Keyence Corporation, Yokogawa Electric Corporation, Phoenix Contact GmbH & Co. KG, IDEC Corporation, PICS Inc., HIMA Paul Hildebrandt GmbH, Radwell International Inc., OSCO Controls Co, Unitronics Corporation Inc.
What are the Emerging Trends in the Micro And Nano PLC Global Market?
The micro and nano PLC market is seeing significant product innovation trends. Major companies operating in this market are focusing on product innovations to solidify their position in the market. For instance, Arduino, a US-based open-source hardware and software company, launched OPTA, the first micro-PLC for industrial IoT in March 2022. This new micro-PLC supports high-performance computing, high levels of data security, and rapid development, meeting the end-user requirements.
Which Region is Set to Grow the Fastest in the Micro And Nano PLC Global Market?
North America was the largest region in the micro and nano PLC market in 2024, but Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Micro And Nano PLC Global Market Report 2024 Offer?
The Micro And Nano PLC Global Market Report 2024 provides global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Micro and nano PLCs, utilized in various industries to control and monitor machines, equipment, and processes efficiently, are compact programmable logic controllers. They provide simplified control functions, compact size, and flexibility, making them suitable for applications where space is limited or fewer I/O points are needed.
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