The nano PLC market size is projected to reach US$ 6.96 billion by 2031 from US$ 4.32 billion in 2023. The market is expected to register a CAGR of 6.2% in 2023–2031. The growing industrial automation and evolution of Industry 4.0 and are likely to remain a key nano PLC market trends.
The nano PLC market is growing at a rapid pace due to the growing adoption of high-speed processing applications, rapid industrialization, and increasing usage of automatic security systems. The market is expanding steadily, driven by the growing demand for smart manufacturing. Moreover, combining PLC with human-machine interface (HMI) and the rising adoption of technologically advanced solutions such as IoT lighting is providing lucrative opportunities for market growth.
Nano PLCs are controller devices that improve industrial control systems by improving adaptability and lowering complexity. Nano PLCs can improve and optimize industrial processes, which increases their adoption among industries. In today's industrial environments, the competitive and technological landscapes are rapidly evolving. The demand for large industrial automation surged the adoption of Nano PLCs to perform tasks by improving productivity and cost savings. Moreover, the growing demand for flexible automation solutions among industries is boosting the market during the forecast period.
Nano PLCs are very compact solutions that include standard functions which are easy to set up. The compact size of nano PLC increases its adoption among high-speed processing applications and control systems that require counting capacity or short response times. Nano PLCs are highly capable of working at different types of short response times, including fast counter (maximum frequency 10 kHz), fast up/down counter (maximum frequency 1 kHz), and frequency meter (maximum frequency 10 kHz). Moreover, significant benefits offered by nano PLC to high-speed applications include the availability of battery backup, PID loops for control systems applications, unlimited write retentive memory, and a cost-effective replacement for traditional solutions. However, nano PLC offers flexibility with easy controlling and handling of complex processing applications boosting the market during the forecast period.
Today's HMIs are highly capable of performing many of the functions that were formerly performed and handled by control systems, including actual machine control and I/O processing from sensors and machines. The mixing of functions has resulted in the creation of HMI-PLC combo units. The combination is a natural extension of an ongoing trend, as PLCs have some form of basic interface, and HMIs have increasingly evolved to provide more fundamental control capabilities. The combination of HMI-PLC units is making industrially hardened devices into a single housing. This combination functions as a web server and typically offers significant benefits to the users in setting alarms, graphing, data logging, and monitoring trends, with multiple control functions, which increases its adoption among industries. HMI-PLC unit units support industries in reducing operational complexities and decreasing development time by lowering overall operational costs are expected to create opportunities in the market during the forecast period.
Key segments that contributed to the derivation of the nano PLC market analysis are component, type, and industry.
The geographic scope of the nano PLC market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, the North America market accounted for the largest nano PLC market share, due to the growing automation and high adoption of technologically advanced products. Increasing focus on research activities to develop high-end nano PLCs is creating opportunities in the market.
The market in Asia Pacific is projected to expand during the forecast period, due to the expanding numerous industries such as automotive, energy & power, oil & gas, and others. These industries are using nano PLC for adopting smart manufacturing processes is driving the market. Moreover, increasing government initiatives to promote automation projects and the growing number of infrastructural development activities are boosting the market in Asia Pacific.
The regional trends and factors influencing the Nano PLC Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Nano PLC Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 4.32 billion |
| Market Size by 2031 | US$ 6.96 billion |
| Global CAGR (2023 - 2031) | 6.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Nano PLC Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Nano PLC Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The nano PLC market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for nano PLC and strategies:
The “Nano PLC Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The global nano PLC market was estimated to be US$ 4.32 billion in 2023 and is expected to grow at a CAGR of 6.2% during the forecast period 2023 - 2031.
The growing adoption of high-speed processing applications, rapid industrialization, and increasing usage of automatic security systems are the major factors that propel the global nano PLC market.
The growing industrial automation and evolution of Industry 4.0 to play a significant role in the global nano PLC market in the coming years.
The key players holding majority shares in the global nano PLC market are Crouzet Automatismes SAS, Emerson Electric Co., EZAutomation, Keyence Corporation, and Mitsubishi Electric Corporation.
The global nano PLC market is expected to reach US$ 6.96 billion by 2031.
The incremental growth expected to be recorded for the global nano PLC market during the forecast period is US$ 2.65 billion.