Automotive Industryto DominateNorth America Nano PLC Marketduring 2020–2027
According to our new market research study on “North America Nano PLCMarketto 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 North Americanano PLC marketalong with the drivers and restraints pertaining to the market growth. The manufacturing sector in the US is growing at a fast pace, and this leads to an urge to deploy advanced technologies in booming industries to have uninterrupted and impeccable business processes. Automotive, telecommunications, electronics, steel, food processing, etc., are the industries automating their processes, and these are among the major manufacturing industries in the US.
The nano PLC market, by industry, is segmented intoautomotive, energy & power, home and building automation, oil & gas, pharmaceuticals, metals and mining, and others.Theautomotive industry held the largest share of the North Americamarket in 2019. Automotive manufacturers are redefining their core competencies to cope up in the market. The Industry 4.0trend, data-driven production, and demographic change are the factors driving the progress of automotive manufacturing industries. With the growing adoption of advanced technologies such as process automation and Industry 4.0, the use of nano PLCs is anticipated to grow globally.
Crouzet Automatismes SAS, Emerson Electric Co., EZAutomation, IDEC Corporation, and Keyence Corporation are among the leading companies in the North America 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. For instance, in 2019, Emerson completed the purchase of Intelligent Platforms from General Electric; the addition of intelligent platform PLC would help it expand its capabilities in machine control and discrete applications.
North America: Nano PLC Market, By Country, 2019 and 2027
North America Nano PLC Market to Grow at a CAGR of 5.6% to reach US$ 1,924.4 Million from 2020 to 2027
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North America 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)
North America Nano PLC Market to Grow at a CAGR of 5.6% to reach US$ 1,924.4 Million from 2020 to 2027
Download Free SampleNorth America 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)
The report segments the North AmericaNano PLC marketas follows:
North America Nano PLC market – byComponent
- Hardware
- Software
North America Nano PLC market – byType
- Fixed Nano PLC
- Modular Nano PLC
North America Nano PLC market – by Industry
- Automotive
- Energy & Power
- Home and Building Automation
- Oil & Gas
- Pharmaceuticals
- Metals & Mining
- Others
North America Nano PLC market – byCountry
- US
- Canada
- Mexico
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