The Nano PLC market in North America was valued at US$ 1,251.9 million in 2019 and is projected to reach US$ 1,924.4 million by 2027; it is expected to grow at a CAGR of 5.6% from 2020 to 2027.
The growth of this market is attributed to the growing demand for compact automation solutions in industries and increasing preference for upgrading the conventional control systems with nano PLCs. However, the lack of awareness and availability of other control devices restrain the growth of this market. Despite these limitations, the market in this region is anticipated to witness impressive growth during the forecast period mainly due to the rising trend of home and building automation, and increasing technological advancements is likely to drive the nano PLC market.
Increasing efficiency and reducing operational costs are two major concerns for the manufacturing companies worldwide. Hence, the demand for upgrading equipment and investments in process automation is growing at a fast face among companies to adapt with changing customer needs and evolving technology landscape, which is driving 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 North America Nano PLC market is expected to grow at a good CAGR during the forecast period from 2020 to 2027.
Mexican Nano PLC Market Revenue and Forecast to 2027 (US$ Mn)
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North American Nano PLC Market—Segmentation
North American Nano PLC Market, by Component
- Hardware
- Software
North American Nano PLC Market, by Type
- Fixed Nano PLC
- Modular Nano PLC
North American Nano PLC Market, by Industry
- Automotive
- Energy & Power
- Home and Building
- Automation
- Oil & Gas
- Pharmaceuticals
- Metals & Mining
- Others
North American Nano PLC Market, by Country
- US
- Canada
- Mexico
North American Nano PLC Market-Companies Mentioned
- Emerson Electric Co.
- EZAutomation
- IDEC Corporation
- Keyence Corporation
- Mitsubishi Electric Corporation
- OMRON Corporation
- Rockwell Automation, Inc.
- Schneider Electric SE
North America Nano PLC Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 1,251.9 Million |
| Market Size by 2027 | US$ 1,924.4 Million |
| Global CAGR (2020 - 2027) | 5.6% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Component
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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
US, Canada
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