Micro and Nano PLC Market worth 8.89 Billion USD by 2022
Micro and Nano PLC Market by Type (Micro PLC, Nano PLC), Offering (Hardware, Software, Services), Architecture (Fixed PLC, Modular PLC), Industry (Automotive, Home & Building Automation, Food & Beverages), and Geography - Global Forecast to 2022
(EMAILWIRE.COM, March 28, 2018 ) According to the new market research report "Micro and Nano PLC Market by Type (Micro PLC, Nano PLC), Offering (Hardware, Software, Services), Architecture (Fixed PLC, Modular PLC), Industry (Automotive, Home & Building Automation, Food & Beverages), and Geography - Global Forecast to 2022", the micro and nano PLC market was valued at USD 5.58 Billion in 2015 and is expected to reach USD 8.89 Billion by 2022, at a CAGR of 6.9% between 2016 and 2022. The factors that are driving the growth of market include the requirement for compact automation solutions, adoption of regulatory compliance, and growing home and building automation market.
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Browse 71 market data Tables and 75 Figures spread through 159 Pages and in-depth TOC on "Micro and Nano PLC Market"
https://www.marketsandmarkets.com/Market-Reports/micro-nano-plc-market-245311475.html
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“Micro PLC to be the largest market in the overall micro and nano PLC market during the forecast period“
Micro PLC led the global micro and nano PLC market between 2016 and 2022. The growth of the market is driven by factors such as ease of programming, greater flexibility, scalability, smaller size of micro PLCs, and the growing need for compact automation solutions.
“Modular PLC market to hold the largest share and grow at the highest rate between 2016 and 2022”
The modular PLC architecture can accomplish more complex processes and is designed to customize industrial processes for seamless operations. Moreover, the downtime of modular PLC is very less as it is easier to troubleshoot and allows some processes to be operational while the issues are being fixed. All these factors would lead to the higher adoption of modular PLCs during the forecast period.
“North America expected to lead the micro and nano PLC market between 2016 and 2022”
The growth of the market in North America is mainly because of the heavy demand for micro and nano PLCs from the wastewater treatment, food & beverages, and power industries as well as the high adoption of cost-efficient automation technologies. Moreover, supportive government programs, various events and conferences, and new product launches and developments are also driving the growth of the North American market.
The major players involved in the micro and nano PLC market include ABB Ltd. (Switzerland), B&R Industrial Automation (Austria), General Electric (U.S.), IDEC Corporation (Japan), Mitsubishi Electric Corporation (Japan), Omron Corporation (Japan), Robert Bosch GmbH (Germany), Rockwell Automation Incorporation (U.S.), Schneider Electric SE (France), and Siemens AG (Germany).
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr.Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Download PDF Brochure@
https://www.marketsandmarkets.com/pdfdownload.asp?id=245311475
Browse 71 market data Tables and 75 Figures spread through 159 Pages and in-depth TOC on "Micro and Nano PLC Market"
https://www.marketsandmarkets.com/Market-Reports/micro-nano-plc-market-245311475.html
Early buyers will receive 10% customization on this report.
“Micro PLC to be the largest market in the overall micro and nano PLC market during the forecast period“
Micro PLC led the global micro and nano PLC market between 2016 and 2022. The growth of the market is driven by factors such as ease of programming, greater flexibility, scalability, smaller size of micro PLCs, and the growing need for compact automation solutions.
“Modular PLC market to hold the largest share and grow at the highest rate between 2016 and 2022”
The modular PLC architecture can accomplish more complex processes and is designed to customize industrial processes for seamless operations. Moreover, the downtime of modular PLC is very less as it is easier to troubleshoot and allows some processes to be operational while the issues are being fixed. All these factors would lead to the higher adoption of modular PLCs during the forecast period.
“North America expected to lead the micro and nano PLC market between 2016 and 2022”
The growth of the market in North America is mainly because of the heavy demand for micro and nano PLCs from the wastewater treatment, food & beverages, and power industries as well as the high adoption of cost-efficient automation technologies. Moreover, supportive government programs, various events and conferences, and new product launches and developments are also driving the growth of the North American market.
The major players involved in the micro and nano PLC market include ABB Ltd. (Switzerland), B&R Industrial Automation (Austria), General Electric (U.S.), IDEC Corporation (Japan), Mitsubishi Electric Corporation (Japan), Omron Corporation (Japan), Robert Bosch GmbH (Germany), Rockwell Automation Incorporation (U.S.), Schneider Electric SE (France), and Siemens AG (Germany).
Make An Inquiry@
https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=245311475
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr.Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Contact Information:
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Tel: 1-888-600-6441
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results