SIEMENS AG, SCHNEIDER ELECTRIC SE, AND ROCKWELL AUTOMATION INC. – PROMINENT MARKET PARTICIPANTS IN THE NANO PLC MARKET
The usage of nano PLCs for low and small scale automation in industrial, commercial, and industrial is growing at an impressive pace. Nano PLCs offer several advantages over other classes of PLCs such as easy installation, competitive pricing, and easy to use functionality. They also reduces the challenges associated with moving from conventional control systems to PLC systems which require trained professionals and high investment in infrastructure development. Nano PLCs are considered to have less than 30 I/O points and various companies also offer expandable options to adapt with changing automation requirements in dynamic industrial situations. The growing demand for compact automation solutions in industries and rising upgradation of conventional control systems with nano PLCs are among the major factors driving the global nano PLC market growth. However, lack of awareness and availability of other control devices may restrain the growth of this market. Despite these limitations, the rising trend of home & building automation and increasing technological advancements to incorporate advanced features are projected to boost the nano PLC market growth.
The prominent marketplayers in the nano PLC market are Siemens AG, Schneider Electric SE, and Rockwell Automation, Inc. among others. The listing of key players is derived by considering multiple factors such as overall revenue, segment revenue, brand image, current nano PLC product portfolio, geographic reach, new product launches, market initiatives, investment in technology upgradation, mergers & acquisitions, and other market-related activities. Crouzet Automatismes SAS, Emerson Electric Co., EZAutomation, IDEC Corporation, Keyence Corporation, Mitsubishi Electric Corporation, and OMRON Corporation are other notable players in the nano PLC market ecosystem. Market leaders are involved in taking up various market initiatives such as geographical expansion, product innovations by implementing advanced technologies, partnerships, contracts, joint ventures, funding, and inaugurating new offices across the world to maintain brand name globally. For instance, in 2020, OMRON announced the opening of its new Automation Center in Tokyo. This center permits its customers to experience as well as test state-of-the-art FA which effortlessly integrates IoT, robotics, AI, and other cutting-edge technologies. In respect to steps, an other initiative has been undertaken in 2019. Schneider Electric announced the launch of Schneider Electric Exchange, a cross-industry open ecosystem dedicated to solving real-world sustainability and efficiency challenges. These strategies help the companies to remain competitive in the nano PLC market.
Many well-known, as well as small local companies, are present in the market to provide nano PLC services to their customers. The larger firms are adopting the strategy of partnerships, contractual alliances to enhance their customer portfolio and expand footprint in different geographies. Some of the essential market initiatives from the industry are mentioned below:
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Year |
News |
Country |
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2020 |
Siemens presented the new version of the logic module series Logo!. The latest version 8.3 will be available from Fall 2020 and features a direct cloud connection. |
APAC |
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2019 |
Schneider Electric opened its First Smart Distribution Center in India. The distribution center is located in Mumbai and is digitally transformed with the company’s EcoStruxure architecture to provider better energy efficiency and real-time insights regarding supply chains. |
Europe |
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2019 |
Schneider Electric opened its First Smart Distribution Center in India. The distribution center is located in Mumbai and is digitally transformed with the company’s EcoStruxure architecture to provider better energy efficiency and real-time insights regarding supply chains. |
Europe |
