The size of the global micro and nano programmable logic controller (PLC) market was worth USD 9 million in 2023. The global market is anticipated to grow at a CAGR of 7.13% from 2024 to 2032 and be worth USD 17 million by 2032 from USD 10 million in 2024.
For monitoring and controlling the fundamental industrial machinery, small electronic industrial computer devices called Micro and Nano Programmable Logic Controllers (PLC) are used. It is used in various automated industrial processes like wastewater treatment, assembly lines, robotic devices, and ore processing plants. Application in industrial machinery such as programming tools, power supplies, motion control, redundancy software, and input/output modules. Small programable logic controllers of Micro & nano PLC are used in the application of small machines such as smart relays and others. The PLC can be used to send the signals to the controllers for data collection and supervision. Micro & Nano Programmable Logic Controllers are smaller and more efficient than traditional PLCs and making them affordable for small-scale manufacturers or industries. These are resistance to extreme external weather conditions such as temperatures, humidity, and electrical noise.
The wide range of Micro & Nano PLC applications in various industries is fuelling the market expansion. The applications include security systems, parking & building IoT lighting, solar systems, water supply system control, conveyor automation, and others. Applications in the industries such as power, energy, oil & gas, pharmaceutical, and automotive are significant because of their ability to work with high-voltage equipment. The rise in the adoption of automatic security systems in office and residential buildings is propelling Micro & Nano PLC’s market growth.
The advent of Industry 4.0 and the innovation of sophisticated sensors with minimum power and space utilization are boosting the market expansion. The benefits associated with the use of the Micro & Nano PLC are they do not require traditional hand wiring and are immune to electric noise & severe temperatures. These are positively impacting the Micro & Nano PLC market growth rate during the forecast period.
High cost and risk of security are the restraints in the Micro & Nano PLC market. The expandability of the Micro & Nano Programmable Logic Controller (PLC) will incur additional costs that will disrupt the overall market growth and adoption rate. So, the cost plays a major role in either increase or decrease of the market growth over the forecast period. Numerous vulnerabilities afflict the overall security of the micro & nano PLC. Significant challenges are observed during the forecast period due to various security risks. Oil & gas and automotive are the major industries for the application of the Micro & Nano PLC. Further, the rise in prices of oil & gas is becoming a major restraint that is causing hurdles to market growth.
Industrial robots’ adoption as a part of production automation is projected to generate numerous opportunities for the market. This adoption will help in the further expansion of the market and increase the growth rate over a projected period. Significant focus on the research and development (R&D) activities in the market by the major market players will offer an enormous growth opportunity within the Micro & Nano PLC market.
The Micro & Nano PLC market has seen a significant impact from the pandemic outbreak. Oil & gas and automotive are one of the major industries that have been affected by COVID-19. As a result, the applications of micro & nano PLC in these industries have seen a reduced demand. The economies of the nations have been badly hit by the global COVID-19 pandemic due to the imposition of the lockdown. The negative effect of the pandemic is seen in the lives and businesses of the people. The temporary stoppage of industrial operations, delayed projects, disrupted supply chain, imbalance in the demand and supply of the product in the market, and others are some of the effects noticed in the market. During the COVID-19 period, the market growth is fuelled by the Micro & Nano PLC applications in the pharmaceutical industry.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
7.13% |
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Segments Covered |
By Type, Offering and Architecture |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview of Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Fujitsu, Toshiba Corporation, Texas Instruments Incorporated, Cree LED, Mitsubishi Chemical Corporation, Siemens, Koninklijke Philips N.V., VINA International Holdings LTD., GaN Systems Inc., Navitas Semiconductor Ltd. |
Micro PLC is anticipated to hold a high market share in the Micro & Nano PLC market. The various features associated with micro-PLCs, such as size, programming, and ease of scalability, are beneficial and drive demand. The growing need for automation solutions will also increase the demand for the segment in the market.
The hardware segment is expected to have a high demand in the Micro & Nano PLC Market owing to the technological advancements in the hardware components and increased introduction of new products, and this is causing the increased adoption of Micro & Nano PLCs in various industries such as food & beverages, chemical, automotive, pharmaceuticals, and oil & gas.
The modular segment is expected to dominate the Micro & Nano PLC Market and is expected to see a significant growth rate in the market. The growth of the market is attributed to the increasing adoption of modular PLCs in complex processes. A system module using various modules for allowing the multiple additions of the PLC systems is called modular architecture PLC. Manufacturing industries have a high demand for modular PLC to control the process line. This propels the segment growth in the market.
Global Micro & Nano PLC Market Analysis By Industry
The automotive industry is expected to dominate the market in the Micro & Nano PLC market. In the automotive industry, to reduce the time associated with the assembling process and to increase productivity, Micro And Nano PLCs are adopted. This will increase the demand for the market in the industry. The market is anticipated to experience a high CAGR in the home and building automation industry segment. The rise in the adoption of micro & nano PLC in the automation applications of solar collectors, staircase light control systems, and water supply control systems will propel the market growth rate.
Frequently Asked Questions
The expected market size of the Micro & Nano PLC Market is to have a value of USD 17 million by 2032.
The modular segment is expected to have a high market share based on the architecture
Based on the offering, the hardware segment is expected to have a high demand in the Micro & Nano PLC Market.
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