Global NANO PLC Market Overview:
Nano PLC stands for Nano Programmable logic control. It is an electronic device which is used to observe, regulate and manage building systems, production processes, and power. Additionally, these controllers can remove hardwiring connected with conventional relay control circuits, improving the production. There are various applications of Nano PLC such as energy & power industry, automotive industry, oil & gas industry, home & building automation industry, chemicals & plastics industry, food & beverage industry, pharmaceutical industry, water and wastewater industry and others. Some of the key players profiled in the study are Mitsubishi Electric Corporation (Japan), Rockwell Automation Inc. (United States), Schneider Electric SE (France), Siemens AG (Germany), ABB Ltd. (Switzerland), Robert Bosch GmbH (Germany), Honeywell International (United States), Hitachi Ltd. (Japan), FUJITSU Electric Co, LTD. (Japan), General Electric (United States) and Texas Instruments Inc. (United States). According to Market Analyst at AMA, the Global NANO PLC market may see a growth rate of 7.0%
On the basis of geography, the market of NANO PLC has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Architecture, the sub-segment i.e. Fixed PLC will boost the NANO PLC market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand of High Voltage Operating Devices
- Increasing Demand of Compact Size As Well As High Durable Nana PLC
- Growing Rate of Adoption of Nano PLCs in Energy & Power
- Up Surging Demand for Compact Automation Solutions
- High Implementation Price
- Fluctuating Oil and Gas Cost
- Increasing Integration Nano PLCs with Human Machine Interface (HMI)
- Rising Concern about Security Issues
Major Market Developments:
On 6th August 2018, Mitsubishi Electric Corporation, a Japanese multinational electronics and electrical equipment manufacturing company has acquired ASTES4 SA (ASTES4), a company based in Switzerland that is engaged in development, production and sales of patented automated sorting solutions for sheet metal laser processing machines.
On November 13, 2018, the Japanese electronic appliance company Mitsubishi Electric Corporation has introduced high-voltage direct current (HVDC) verification facility that the company has built at its Transmission & Distribution Systems Centre in Japan, and has launched the same operations from November 26, 2018.
Nano Plc Manufacturers, Nano Plc Suppliers, Component Manufacturers, Process Industries Such As Oil and Gas, Power, Chemical, And Pharmaceuticals, Among Others, Software and Service Providers, System Integrators, Technology Solution Providers, Government Regulatory Bodies, Government Research Agencies, Private Research Agencies and Other
Major Objectives Focused through this Study
To define, describe, and forecast the Global NANO PLC market on the basis of product [Fixed Nano PLC and Modular Nano PLC] , application [Energy & Power Industry, Automotive Industry, Oil & Gas Industry, Home & Building Automation Industry, Chemicals & Plastics Industry, Food & Beverage Industry, Pharmaceutical Industry, Water and Wastewater Industry and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the NANO PLC market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the NANO PLC industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Microsemi Corporation (United States), STMicroelectronics N.V. (Switzerland), Omron Corp. (Japan) and IDEC Corporation (Japan).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the NANO PLC market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.