The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Micro And Nano PLC Global Market Report 2023, the micro and nano PLC market is expected to show significant growth in the forecast period.

Key insights from the micro and nano PLC market forecast include:

1. Market Size

The global micro and nano PLC market is forecasted to increase from $7.68 billion in 2022 to $8.35 billion in 2023, with an 8.78% CAGR. By 2027, it is projected to reach $11.4 billion, exhibiting an 8% CAGR.

2. Major Driver

Industrial robot adoption will drive micro and nano PLC market growth. Industrial robots automate production tasks in industries, with micro and nano PLCs managing the process and enabling IoT connectivity and task sequencing. For example, in May 2023, the International Federation of Robotics reported a 12% increase in industrial robot installations in manufacturing, reaching 41,624 units in 2022 compared to 2021. In the United States, car manufacturers and component makers witnessed a 48% demand surge, going from 9,854 units in 2021 to 14,594 units in 2022, indicating the positive impact of industrial robot adoption on the micro and nano PLC market.

View More On The Micro And Nano PLC Market Report 2023 – https://www.thebusinessresearchcompany.com/report/micro-and-nano-plc-global-market-report

3. Key Trend

Product innovation is a prominent trend in micro and nano PLC markets. Leading companies in this sector focus on innovation to maintain their market standing. In March 2022, Arduino, a US open-source hardware and software company, introduced OPTA, the inaugural industrial IoT micro-PLC. OPTA offers high-performance computing, robust data security, rapid development, OTA firmware updates, and hardware-based data security, catering to user needs.

4. Major Players

Major players in the micro and nano PLC market are 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, and Unitronics Corporation Inc.

5. Top Market Segments

The global micro and nano PLC market is segmented –

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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The Micro And Nano PLC Global Market Report 2023  provides an in-depth analysis on the micro and nano PLC market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the micro and nano PLC market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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