According to the new research report published by The Insight Partners, titled “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)”, The 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.
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 communicate over the network to share data with respective departments for enhancing operational efficiency and reducing 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.
Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis – https://www.theinsightpartners.com/sample/TIPRE00003712/
In the modern industrial environments, the competitive and technology landscape is changing at a fast pace. Digitalization and process automation is becoming a necessity for businesses to sustain in the highly competitive manufacturing sector. In addition to the large automation requirements of industries, several small machines and processes require simple automation. Nano PLCs offer a great solution for such tasks and result in improved productivity with cost savings. In various industries, the major areas wherein nano PLCs are being used include infrastructure, production floor, handling machines, and service floor.
Some of the common application areas of these PLCs include home automation, energy management, industrial control, lighting, and HVAC. Nano PLCs also facilitate Ethernet connection, email alerts, remote monitoring, and integration with SCADA systems, among others, thus providing customers with an easy solution for their automation needs. Nano PLCs offer a cost efficient solution for low level automation applications which is anticipated to boost the adoption of nano PLCs in home and building automation, automotive, energy & power, food & beverages, and other industries.
Schedule a pre-sale discussion with the author team in a slot that you prefer to address queries on scope of the report, customization, introduction to methodology, assistance on technologies, and market definitions – https://www.theinsightpartners.com/inquiry/TIPRE00003712/
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.
Integrated Passive Device Market: Competitive Landscape and Key Developments
Crouzet Automatismes SAS, Emerson Electric Co., EZAutomation, IDEC Corporation, Keyence Corporation, Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., Schneider Electric SE and Siemens AG are among the key players in the global Integrated Passive Device market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.
Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods – https://www.theinsightpartners.com/buy/TIPRE00003712/
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.
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
