Europe Nano PLC Market to Grow at a CAGR of 4.6% to reach US$ 1,231.2 Million from 2020 to 2027
The Nano PLC market in Europe was valued at US$ 863.6 million in 2019 and is projected to reach US$ 1,231.2 million by 2027; it is expected to grow at a CAGR of 4.6% from 2020 to 2027.
The nano PLC market is anticipated to witness impressive growth in this region during the forecast period. Nano PLCs increases the flexibility of control applications. They are cost-effective, compact, easy to integrate, and energy-efficient, and these advantages of nano PLCs over conventional control systems are anticipated to drive the demand of nano PLCs over the forecast period.
Digitalization and process automation have become necessary for businesses to sustain in the highly competitive global manufacturing sector. In addition to the large machines with complex automation requirements, there are several small machines and processes that require simple automation. Nano PLCs offer a great solution result in improved productivity with cost savings and is likely to drive the nano PLC market.
Detailed reports include inventory and volume analysis, top-selling items, revenue and profit margin optimization, and staffing needs. With these features and technologies, vendors can attract new customers and expand their footprints in emerging markets. These factors are likely to drive the Nano PLC market. The Europe Nano PLC market is expected to grow at a good CAGR during the forecast period from 2020 to 2027.
Rest Of Europe Nano PLC Market Revenue and Forecast to 2027 (US$ Mn)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Europe Nano PLC Market–Segmentation
Europe Nano PLC Market, by Component
- Hardware
- Software
Europe Nano PLC Market, by Type
- Fixed Nano PLC
- Modular Nano PLC
Europe Nano PLC Market, by Industry
- Automotive
- Energy & Power
- Home and Building
- Automation
- Oil & Gas
- Pharmaceuticals
- Metals & Mining
- Others
Europe Nano PLC Market, by Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Nano PLC Market-Companies Mentioned
- Crouzet Automatismes SAS
- Emerson Electric Co.
- IDEC Corporation
- Keyence Corporation
- Mitsubishi Electric Corporation
- OMRON Corporation
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
Europe Nano PLC Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 863.6 Million |
| Market Size by 2027 | US$ 1,231.2 Million |
| Global CAGR (2020 - 2027) | 4.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Type, Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
Get Free Sample For