Nano PLC Market to Grow at a CAGR of 5.7% to reach US$ 5.67 Billion from 2019 to 2027

Nano PLC Market to 2027 - COVID-19 Impact and Global Analysis and Forecasts by Component (Hardware, Software); Type (Fixed Nano PLC, Modular Nano PLC); Industry (Automotive, Energy & Power, Home and Building Automation, Oil & Gas, Pharmaceuticals, Metals & Mining, Other Industries)

Publication Month : Apr 2020

  • Report Code : TIPRE00003712
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 213
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The Nano PLC market was valued at US$ 3.67 billion in 2019 and is projected to reach US$ 5.67 billion by 2027; it is expected to grow at a CAGR of 5.7% during 2020–2027.

Programmable logic controllers or PLCs are solid state electronic devices that are used to control and monitor operations of various types of machines and processes. PLC is also known as a general-purpose controller. A PLC comprises of common components which include power supply, input/output (I/O), CPU or processor, memory, communication interface, programming software, and others. PLCs are widely used in industries for large to small scale automation applications. They monitor input from various devices such as sensors, switches etc. PLCs are commonly found in two configurations, namely, brick and modular. The common classes of PLC include large PLC, small PLC, micro PLC, and nano PLC. Nano PLCs are small bricks that come with display and I/O. 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 reduce 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. Some of the common application areas of these PLCs include home automation, energy management, industrial control, lighting, and HVAC among others. Nano PLCs are also offering capabilities such as ethernet connection, email alerts, remote monitoring, and integration with SCADA systems; and thus, providing customers with an easy solution for their automation needs. The high energy and money saving capabilities of nano PLCs are boosting the adoption of nano PLCs in home & building automation, automotive, energy & power, food & beverages and many other industries.

The nano PLC market is anticipated to witness impressive growth over the forecast period. 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 likely to boost the nano PLC market growth over the forecast period.

IMPACT OF COVID-19 ON NANO PLC MARKET

Coronavirus outbreak first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. According to latest figures (April 2020) from World Health Organization (WHO), the US, China, Italy, Iran, Spain, republic of Korea, France, and Germany are some of the worst affected countries in terms confirmed cases, daily increase in cases, and reported deaths. As per latest WHO figures, there are ~ 8,30,000 confirmed COVID-19 cases and ~40,600 total deaths on a global level. Due to mass lockdowns, travel bans, and business shutdowns, the coronavirus outbreak has been affecting economies and industries in various countries.

The global electronics and semiconductor industry is one of the major industry that is suffering serious disruptions due to supply chain breaks, technology events cancellations, factory & office shutdowns etc. as a result of this outbreak. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries and it is also one of the worst affected countries. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting the manufacturing, delivery schedules, and sales of various electronic goods. This is anticipated to affect the manufacturing and sales of nano PLCs in the coming months. In addition to this, the global travel bans imposed by countries in Europe, Asia, North America, and others are affecting the business collaborations and partnerships opportunities. All these factors are anticipated to negatively affect the electronic and semiconductor industry on a whole and nano PLC market in specific in the short term. This outbreak may act as restraining factor for the growth of nano PLC market in the coming 3 to 6 months, however, the overall growth is anticipated to be positive over the forecast period.

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Lucrative Regions for Nano PLC Market
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Market Insights–Nano PLC Market

Growing Demand for Compact Automation Solutions in Industries

PLCs are general purpose controller devices that are being widely used in manufacturing industries for monitoring and control of machines and processes. These devices offer advanced functions and communicates over network to share data with respective departments to enhance operational efficiency and reduce costs. Nano PLCs simplify the control systems in industrial environments by reducing complexity and increasing flexibility. In addition, the expandable options in nano PLCs are further increasing the capabilities of these devices to enhance and optimize the industrial processes. In today’s industrial environments, the competitive and technology landscape is changing at a fast pace. Digitalization and process automation are becoming a necessity for businesses to sustain in the highly competitive manufacturing sector. In addition to large automation requirements of industries, there are several small machines and processes that require simple automation. Nano PLCs offer a great solution for such tasks and result in improved productivity with cost savings. In various industries, some of the major areas where nano PLCs are being used include infrastructure, production floor, handling machines and service floor. Light control, gate & barrier control, exhaust & filters, conveyor belt operation, pump control, operator monitoring & control, package and label, alarm signaling, and voltage monitoring are some of the common applications which are driving the demand for compact automation solutions such as nano PLCs across industries.

Type-Based Market Insights

Different types of PLCs are manufactured by the companies for various applications such as energy management, lighting, irrigation, pump control, industrial control, HVAC, and home automation. Depending upon the operations, the users select nano PLCs to enhance productivity by reducing errors and operational costs. Based on type, the nano PLC market is segmented into fixed nano PLC and modular nano PLC. 

Component- Based Segment Insights

The nano PLC market, by component, is segmented into hardware and software. The hardware of nano PLC consists of varied components and holds the major share of the global nano PLC market. The continuous developments in hardware components such as CPU, memory, I/O modules, and communication modules are anticipated to drive the growth of the hardware segment from 2020 to 2027.

Industry-Based Market Insights

Based on industry, the nano PLC market is categorized into automotive, energy & power, home & building automation, oil & gas, pharmaceuticals, metals & mining, and others. PLCs are widely utilized in diverse industries such as steel, chemical, and energy, and automotive. The significance of PLCs is dramatically increasing based on technology developments in various type of PLC components, especially in the nano PLC area. Light control, gate and barrier control, exhaust and filters, conveyor belt operation, pump control, operator monitoring and control, package and label, alarm signaling, and voltage monitoring are among the common applications driving the demand for compact automation solutions such as nano PLCs across industries.

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Nano PLC Market: Strategic Insights

nano-plc-market
Market Size Value inUS$ 3.67 Billion in 2019
Market Size Value byUS$ 5.67 Billion by 2027
Growth rateCAGR of 5.7% from 2020-2027
Forecast Period2020-2027
Base Year2020
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The market players focus on new product innovations and developments by integrating advanced technologies and features in their products to compete with the competitors.

  • 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.
  • 2019: Mitsubishi Electric Established Factory Automation Service Center in Coimbatore, India. The new facility will strengthen its nationwide factory automation products in India and facilitate the expansion of its FA system business.
  • 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.   

The Global Nano PLC Market has been segmented as Follows:

Nano PLC Market – By Component

  • Hardware
  • Software

Nano PLC Market – By Type

  • Fixed Nano PLC
  • Modular Nano PLC

Nano PLC Market – By Industry

  • Automotive
  • Energy & Power
  • Home and Building Automation
  • Oil & Gas
  • Pharmaceuticals
  • Metals & Mining
  • Other Industries

Nano PLC Market – By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific

    • China
    • India
    • Australia
    • South Korea
    • Japan
    • Rest of Asia Pacific
  • Middle East and Africa

    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East and Africa
  • South America

    • Brazil
    • Argentina
    • Rest of South America

Company Profiles

  • Crouzet Automatismes SAS
  • Emerson Electric Co.
  • EZAutomation
  • IDEC Corporation
  • Keyence Corporation
  • Mitsubishi Electric Corporation
  • OMRON Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric SE
  • Siemens AG
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Component ; Type ; Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are reasons behind the growth of nano PLC market in the Asia-Pacific region?

Asia Pacific region is projected to be the fastest growing geography in the global nano PLC market. Favorable government policies, positive economic growth outlook, increasing industrial development, rising disposable incomes, and growing population are some of the factors that are driving the growth of various industries and manufacturing companies in this region. The rising trend of workplace automation, factory automation, and home automation is a major driver that is boosting the demand of nano PLCs in the APAC region.

What are the future opportunities for nano PLC market?

The rising trend of home and building automation is anticipated to offer ample growth opportunities for the nano PLC market players over the forecast period of 2020 to 2027. Nano PLCs offer a cost effective, less complex, energy and space saving automation solution for such home and building automation applications. Hence, the rising demand for innovative and flexible automation solutions in residential and commercial buildings is projected to offer growth opportunities for the global nano PLC market.

Which industry segment hold the major share in the global nano PLC market?

In 2019, the automotive segment led the nano PLC market by industry and it is anticipated to continue its dominance during the forecast period of 2020 to 2027. With growing adoption of advanced technologies such as process automation and industry 4.0, the use of nano PLCs is anticipated to grow in the global nano PLC market. The growing demand for automobiles, especially in the developing regions owing to the rising disposable incomes is further anticipated to drive the demand for smart automation solution such as nano PLCs in this industry.

The List of Companies - Nano PLC Market

  1. Crouzet Automatismes SAS
  2. Emerson Electric Co.
  3. EZAutomation
  4. IDEC Corporation
  5. Keyence Corporation
  6. Mitsubishi Electric Corporation
  7. OMRON Corporation
  8. Rockwell Automation, Inc.
  9. Schneider Electric SE
  10. Siemens AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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