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Micro and Nano PLC Market by Type, Offering, Architecture, Industry, and Geography - Global Forecast to 2022

Micro and Nano PLC Market: Global Forecast until 2022

  • October 2016
  • 162 pages
  • ID: 4208115
In this report:
The global micro and nano PLC market is expected to grow at a CAGR of ##% to ##% between 2016 and 2022.
The APAC region dominated the micro PLC market for automotive industry with the largest market size of USD ##.## million in 2015 and is expected to reach USD ##.## million by 2022, growing at the CAGR of ##.##% between 2016 and 2022.
The micro and nano PLC market in the U.S. accounted for a major share of ~##% in 2015 and is also expected to grow at the highest CAGR of ##.##% between 2016 and 2022.

Summary

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"Micro and nano PLC market to exhibit significant increase potential between 2016 and 2022"

The micro and nano PLC market is anticipated to increase at a compound annual growth rate (CAGR) of 6.90 percent between 2016 and 2022 to attain ~$8.9B by 2022. The main driving factors for the increase ot the micro and nano PLC market are requirement for compact automation solutions, adoption of regulatory compliance, and the increasing home & building automation market. Nevertheless, the main restraining factors for the rise of this market are the additional cost incurred by the expandability of micro and nano PLC and the fluctuating prices of oil & gas.

"Market for nano PLC forecasted to grow at the maximal rate during projection period"

The nano PLC market is anticipated to rise at the highest CAGR (Compound annual growth rate) between 2016 and 2022. The lower cost, greater flexibility, and compact size of nano PLC are the top factors presumed to drive the increase of this market.

"Automotive to hold the most important share of the global micro and nano PLC market"

The automotive market is forecasted to hold the biggest share of the overall micro and nano PLC market in 2016. The growth in the production of vehicles each year and the growing need for automation in automotive manufacturing to lower production cost and rise productivity are some of the factors projected to drive the industry demand for micro and nano PLCs in the automotive sector.

"Asia-Pac to be the quickest developing market for micro and nano PLC during the outlook period"

The industry for micro and nano PLC in the APAC area is forecast to grow at the highest compound annual growth rate (CAGR) between 2016 and 2022. The quick industrialization, aging infrastructure, economic increase, and increasing automotive manufacturing in countries including China (CN) and Japan (JP) are forecast to steer the increase of the micro and nano PLC market in Asia area.

The break-up of the profiles of primary members taking part for the industry report has been provided below:

- By Company Type: Tier 1 - 50.0 percent, Tier 2 - 30.0 percent, and 1/3 3 - 20.0 percent

- By Designation: C-suite executives - 70.0 percent, Directors- 20.0 percent, and Others - 10.0 percent

- By area: North america (NA) - 40.0 percent, Europe - 35.0 percent, APAC - 15.0 percent, and rest of the world - 10.0 percent

The top players in the sector contain ABB Ltd. (NYSE:ABB), B&R Industrial Automation, General Electric (NYSE:GE), IDEC Corporation, Mitsubishi Electric (TSE:6503), Omron Corporation, Robert Bosch (RBOS), Rockwell Automation Incorporation, Schneider Electric (SU), and Siemens (SIA).

Segment Research

The research report on the overall micro and nano PLC market includes several segments, that is, category, offering, architecture, sector, and territory. The market has been split on the basis of type into micro PLC and nano PLC. On the basis of offering, the micro and nano PLC market has been categorized into hardware, software, and services. The study contains two types of architecture, that is, fixed PLC and modular PLC. Futhermore, the micro and nano PLC market has been split on the basis of sectors into automotive, chemicals & fertilizers, food & beverages, home & building automation, metals & mining, oil & gas, pharmaceuticals, pulp & paper, and water & wastewater. The analysis includes four main geographical regions, that is, North America continent, Europe (EU), Asia Pacific (APAC), and Rest of the globe.

Main highlights

Figures of segmentation, review, and estimate for the sector established on category, offering, architecture, market, and area has been conducted to give an global view of the micro and nano PLC market.

The porter's five forces scheme has been exploited along with the value chain study to offer a detailed insight into the micro and nano PLC market.

The main drivers, market restraints, alternatives, and opportunities for the micro and nano PLC market have been precised in this industry report.

The market research includes an exhaustive competitive analysis together with top players, complete study, and revenue of main actors.

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