Global micro and nano PLC sales revenue totaled USD 8.9 billion in 2022. From 2022 to 2032, global demand for micro and nano PLCs is forecast to rise at 6% CAGR. By 2032, the worldwide micro and nano PLC market size is projected to reach USD 15.9 billion.
Hardware is expected to remain a key revenue-generation segment for micro and nano PLC manufacturers. As per Future Market Insights (FMI), hardware segment is likely to progress at around 5.8% CAGR from 2022 to 2032.
Key Market Shaping Factors:
Micro and nano programmable logic controllers (PLCs) are small electronic devices used to monitor and control fundamental industrial machinery and processes. These solutions are gaining wider popularity on account of their modern design, compact size, energy efficiency, cost-effectiveness, and high performance.
Micro and nano PLCs are becoming critical solutions in industrial automation applications. Several manufacturing companies are shifting their preference towards producing micro and nano PLCs to grab emerging opportunities. This is positively impacting the market expansion.
Growing need for compact automation solutions across the world is expected to drive the micro and nano PLC market swiftly during the assessment period.
Micro and nano PLCs eliminate need for hardwiring associated with conventional relay control systems and enhance productivity. They are being widely used across various sectors which is likely to create growth prospects for manufacturers during the next ten years.
Rising usage of micro and nano PLCs in applications such as conveyor automation, security systems, building IoT lighting, etc is likely to attract investments in PLC manufacturing.
Similarly, high demand for compact and flexible automation solutions due to rising number of smart factors globally will positively impact micron and nano PLC sales.
Leading companies are concentrating on developing new PLCs with high computing power. For instance, recently Opta, a novel micro PLC with industrial IoT capabilities was unveiled by Ardunio.
Companies are introducing novel solutions equipped with features for Industry 4.0 and IIoT that enable a wide range of real-time control, monitoring, and predictive maintenance applications. This is expected to help them meet evolving end user demand and improve their revenues.
| Attributes | Key Insights |
|---|---|
| Global Micro and Nano PLC Market Size in 2022 | USD 8.9 billion |
| Projected Micro and Nano PLC Market Value (2032) | USD 15.9 billion |
| Value-based CAGR (2022 to 2032) | 6.0% |
| United States Market CAGR (2022 to 2032) | 4.9% |
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As per Future Market Insights (FMI), from 2017 to 2021 global sales of micro and nano PLCs increased at around 6.9% CAGR. Total market valuation at the end of 2021 reached about USD 8.4 billion.
From 2022 to 2032, the worldwide market for micro and nano PLC is forecast to exhibit a CAGR of 6.0%. It is expected to create an absolute $ opportunity of USD 7.0 billion during the forecast period.
Micro and nano PLCs are designed to be highly customizable, allowing for the creation of complex control systems for machines and processes. They can operate in harsh environments, are easy to program, and can communicate with other devices to exchange data and information.
Micro and nano PLCs are also highly versatile and can be used in a range of applications, including manufacturing, food processing, transportation, and energy management. Hence, widening applications of these PLCs due to their several advantages is expected to boost the market.
Micro and nano PLCs are widely used in automotive applications due to their small size, low power consumption, and high reliability. In the automotive industry, micro and nano PLCs are primarily used for the control and monitoring of various systems. This includes engine control, transmission control, chassis control, and safety systems.
One of the main advantages of using micro-nano PLCs in automotive applications is their ability to process large amounts of data in real time, enabling faster and more precise control of vehicle systems.
Micro and nano PLCs can also be used in safety systems such as anti-lock braking systems (ABS) and electronic stability control (ESC) to quickly and accurately adjust vehicle dynamics in response to changing driving conditions.
Further, these PLCs can be used in driver assistance systems such as lane departure warnings and adaptive cruise control, which use sensors and cameras to monitor the vehicle's surroundings and provide alerts and automatic adjustments to improve safety and convenience.
The Internet of Things (IoT) is gaining momentum across various industries. This in turn is likely to create new windows for manufacturers of micro and nano PLCs.
Micro and nano PLCs can be used to connect industrial devices and machines to the internet, enabling real-time monitoring and control of processes. They are well-suited for IoT applications due to their compact size, low power consumption, and cost-effectiveness.
Micro and nano PLCs can be used to connect industrial devices and machines to the internet, enabling real-time monitoring and control of processes.
Micro-nano PLCs can also be used to collect data from sensors and other devices, process the data locally, and transmit it to a central control system or cloud-based platform. This enables companies to monitor and control their industrial processes remotely, improving efficiency and reducing costs.
Growing adoption of micro and nano PLCs in edge computing applications, where data is processed locally at the edge of the network, rather than being sent to a central server for processing is expected to boost the market.
High adoption of IoT devices is another key factor that will elevate micro and nano PLC demand during the assessment period.
In 2019, there were over 8.6 billion IoT-connected devices globally which increased to about 13.14 billion by 2022. By 2030, it is estimated that there will be around 23.2 billion IoT-connected devices. With the increase in the number of IoT devices in the world, demand for micro and nano PLCs is also projected to increase.
There is also a growing need for energy-efficient solutions in various industries, as companies seek to reduce their energy consumption and carbon footprint. Micro and nano PLCs are energy-efficient solutions that can help companies reduce their energy consumption and save costs.
North America to Create Lucrative Growth Prospects for Micro and Nano PLC Companies
According to Future Market Insights’ (FMI) new report, North America is likely to remain the hotbed for micro and nano PLC manufacturers. This is due to rapid penetration of digitalization and automation in the region.
North America micro and nano PLC market size reached USD 3.6 billion in 2022. Over the projection period, micro and nano PLC demand across North America is forecast to rise at a robust pace. By 2032, total market valuation in North America is forecast to reach USD 6.5 billion.
North America has the predominant number of IoT devices in the world. The region had about 2.79 billion IoT-linked devices in 2022. Around 6.24 billion IoT-connected devices are expected to be installed in the region during the next few years.
Increasing demand for IoT-connected devices in the region will boost sales of micro and nano PLCs as they are crucial components of modern IoT of connected devices. This will eventually create lucrative revenue-generation opportunities for manufacturers of micro and nano PLCs.
Principal Consultant
| Country | United States |
|---|---|
| Projected CAGR (2022 to 2032) | 4.9% |
| Historical CAGR (2017 to 2021) | 5.4% |
| Market Value (2032) | USD 5.1 billion |
| Country | United Kingdom |
|---|---|
| Projected CAGR (2022 to 2032) | 5.2% |
| Historical CAGR (2017 to 2021) | 5.7% |
| Market Value (2032) | USD 0.77 billion |
| Country | China |
|---|---|
| Projected CAGR (2022 to 2032) | 7.0% |
| Historical CAGR (2017 to 2021) | 8.4% |
| Market Value (2032) | USD 1.3 billion |
| Country | Japan |
|---|---|
| Projected CAGR (2022 to 2032) | 5.4% |
| Historical CAGR (2017 to 2021) | 6.1% |
| Market Value (2032) | USD 1.1 billion |
| Country | South Korea |
|---|---|
| Projected CAGR (2022 to 2032) | 6.4% |
| Historical CAGR (2017 to 2021) | 7.6% |
| Market Value (2032) | USD 0.615 billion |
High Adoption of IoT Devices Making the United States a Prominent Market for Micro & Nano PLCs
The United States micro and nano PLC market is forecast to exhibit a CAGR of 4.9% during the projection period. It is expected to create an absolute $ growth of USD 1.9 billion, taking the overall market valuation to USD 5.1 billion by 2032.
Growing trend of miniaturization and increasing usage of IoT devices are key factors expected to drive the United States market.
In 2020, the United States had over 3.9 billion IoT devices which are predicted to increase to about 7.6 billion by 2025. This is expected to elevate demand for micro and nano PLCs and create revenue-generation opportunities for manufacturers.
Micro and nano PLCs are increasingly being used in IoT devices as timing sources for various applications. This includes wireless communication, sensing, and data processing. Thus, rise in the number of IoT devices in the country will eventually fuel micro and nano PLC sales during the assessment period.
Growing Penetration of Automation to Bolster Micro and Nano PLC Sales in Japan
According to Future Market Insights (FMI), sales of micro and nano PLCs are likely to soar at 5.4% CAGR in Japan market through 2032. Total market valuation in Japan is anticipated to cross USD 1.1 billion market by 2032.
Growth in the market is expected to be driven by rising usage of micro and nano PLCs in home and building automation applications. Similarly, increasing usage of IoT devices will fuel micro and nano PLC sales.
Japan is emerging as a leading market for IoT devices in the world. The country had about 573 million IoT devices in 2020, which is projected to increase to around 1.7 billion by 2030. This rising demand for IoT devices in the country is predicted to create lucrative opportunities for micro and nano PLC manufacturing companies.
Micro PLCs to Create Most Opportunities for Manufacturers
As per Future Market Insights (FMI), demand is anticipated to remain high for micro PLCs. This is due to rising usage of these PLCs in various applications including home automation.
The micro PLC segment grew at a CAGR of 6.7% from 2017 to 2021. Over the next ten years, it is expected to thrive at a CAGR of 5.9%, making it a key revenue-generating segment for companies.
A micro PLC, or micro programmable logic controller, is a type of programmable logic controller (PLC) that is designed for small-scale industrial automation applications.
Micro PLCs are smaller and less complex than traditional PLCs, making them a cost-effective solution for small automation systems. They typically have a limited number of inputs and outputs and are often used for simple control tasks such as switching on and off motors or controlling small-scale production lines.
Micro PLCs are also commonly used for building automation, home automation, and other low-power applications. One of the advantages of using micro PLCs is their compact size, which allows them to be easily integrated into existing systems without taking up too much space.
Micro PLCs are also relatively simple to program and can be easily configured using specialized software. Despite their small size, these PLCs are capable of performing many of the same functions as traditional PLCs. This includes monitoring and controlling processes, collecting and storing data, and communicating with other devices in the system.
They are also often equipped with built-in Ethernet or serial ports for connecting to other devices or networks. Hence, key players will look to strengthen their micro PLC portfolios to improve their revenues.
Hardware Segment to Lead the Global Micro and Nano PLC Industry
Based on offering, hardware segment is projected to witness significant growth and become the leading segment in the market. As per the latest report, hardware segment is likely to exhibit a CAGR of 5.8% from 2022 to 2032.
Micro and nano PLCs are widely used in various types of hardware applications, including industrial machinery, home automation, building automation, and automotive systems. These devices are designed to be compact and efficient, making them ideal for use in small devices with limited space and power requirements.
Micro and nano PLCs are often used to control and monitor complex processes, such as assembly lines, material handling systems, and packaging equipment. They can be used to collect and analyze data, detect and respond to errors, and improve overall system efficiency.
Micro and nano PLCs are also used to control lighting, HVAC systems, and security systems. They are also commonly used for tasks such as engine control, transmission control, and fuel injection. These PLCs can be programmed to optimize engine performance, improve fuel efficiency, and monitor and respond to various system parameters.
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Leading manufacturers of micro and nano PLCs include ABB Ltd, Mitsubishi Electric Corporation, Rockwell Automation Inc, Schneider Electric Inc, Siemens AG, Robert Bosch GmbH, General Electric, IDEC Corporation, Omron Corporation, and B&R Industrial Automation GmbH.
Most of these micro and nano PLC manufacturers are focusing on launching new products with enhanced features to meet changing end user demand. They are also using strategies such as mergers, collaborations, facility expansions, agreements, and joint ventures to expand their presence.
Recent Developments:
| Attribute | Details |
|---|---|
| Market Size (2022) | USD 8.9 billion |
| Projected Market Size (2032) | USD 15.9 billion |
| Anticipated Growth Rate (2022 to 2032) | 6.0% CAGR |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; and the Middle East & Africa |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Type, Offering, Architecture, Industry, and Region |
| Key Companies Profiled | ABB Ltd; Mitsubishi Electric Corporation; Rockwell Automation Inc; Schneider Electric Inc; Siemens AG; Robert Bosch GmbH; General Electric; IDEC Corporation; Omron Corporation; B&R Industrial Automation GmbH |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global market is expected to progress at 5.8% CAGR until 2032.
The overall market is projected to reach around USD 15.9 billion by 2032.
The micro PLC segment is poised to remain lucrative with 5.9% CAGR through 2032.
Japan dominates the Asia Pacific market and generated USD 1.1 billion revenue in 2022.
The hardware segment leads and could exhibit 5.8% CAGR through 2032.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Micro PLC 5.2. Nano PLC 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Offering 6.1. Hardware 6.2. Software 6.3. Services 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Architecture 7.1. Fixed PLC 7.2. Modular 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Industry 8.1. Automotive 8.2. Chemicals & Fertilizers 8.3. Food & Beverages 8.4. Home & Building Automation 8.5. Metals & Mining 8.6. Oil & Gas 8.7. Pharmaceuticals 8.8. Pulp & Paper 8.9. Power 8.10. Water & Wastewater 9. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. Middle East & Africa 10. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Middle East & Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. ABB Ltd 17.2. Mitsubishi Electric Corporation 17.3. Rockwell Automation Inc 17.4. Schneider Electric Inc 17.5. Siemens AG 17.6. Robert Bosch GmbH 17.7. General Electric 17.8. IDEC Corporation 17.9. Omron Corporation 17.10. B&R Industrial Automation GmbH 18. Assumptions & Acronyms Used 19. Research Methodology
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Micro and Nano PLC Market
