Report : Europe Nano PLC Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Hardware and Software); Type (Fixed Nano PLC and Modular Nano PLC); Industry (Automotive, Energy & Power, Home & Building Automation, Oil & Gas, Pharmaceutical, Metals and Mining, and Others)
Automotive Industry to Dominate EuropeNano PLC Marketduring 2020–2027
According to our new market research study on “EuropeNano PLC marketto 2027 – Regional Analysis and Forecast by Component, Type, and Industry,”the market is expected to reach US$ 1,923.4 Mnby 2027 from US$ 1,251.1Mn in 2019; it is estimated to grow at a CAGR of 5.6% from 2020 to 2027.The report provides trends prevailing in the EuropeNano PLC marketalong with the drivers and restraints pertaining to the market growth. The rising trend of home and building automation, and increasing technological advancements to advanced features are boosting the nano PLC market growth.
The Europe nano PLC market, by industry, is segmented intoautomotive, energy & power, home and building automation, oil & gas, pharmaceuticals, metals &mining, and others.Theautomotive industry held the largest share of the market in 2019. The increasing demand for automobiles, especially in developing regions, owing to the rising disposable incomes is further anticipated to drive the demand for smart automation solutions, such as nano PLCs, in this industry.
Crouzet Automatismes SAS, Emerson Electric Co., EZAutomation, IDEC Corporation, and Keyence Corporation are among the leading companies in the Europe nano PLC market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. In 2019, Schneider Electric opened its First Smart Distribution Center in Mumbai, India. The distribution center is digitally transformed with the company’s EcoStruxure architecture to provider better energy efficiency and real-time insights regarding supply chains.
The report segments the EuropeNano PLC marketas follows:
Europe Nano PLC market – byComponent
Europe Nano PLC market – byType
Europe Nano PLC market – byIndustry
Europe Nano PLC market – byCountry
Contact Person: Sameer Joshi
Email Id: email@example.com