Nano Programmable Logic Controller (PLC) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026
- Transparency Market Research
A nano programmable logic controller (PLC) can be defined as an industrial grade device which is used to perform control functions with superior performance and reliability such as control, monitor, and manage production process, building systems, and power. This type of controllers can remove the traditional hardwiring involved in relay control circuits resulting in improved productivity. These controllers perform functions such as monitoring devices, data gathering, supervisory control, and other process parameters of programs by communicating with other controllers or computer equipment. It is easier to create and change a program in a nano PLC than to rewire the complete circuit. These controllers are designed to be robust, capable of withstanding extreme humidity, temperatures, vibration, and electrical noise.
The global nano programmable logic controller market is primarily driven by increasing home and building automation market. A home automation system is installed in buildings to monitor and control electrical and mechanical systems such as security systems, power systems, fire systems, and ventilation. Owing to increasing security concerns of users, increased need for high-voltage operating devices, enhanced efficiency, and requirement for compact automation solutions have increased the rate of adoption of nano programmable controllers in automotive, energy & power, and other sectors. These are some of the major factors fueling the overall market growth in the near future.
Furthermore, the global nano programmable circuit market is anticipated to witness a lucrative growth during the forecast period owing to its significant features such as enhanced durability, compact size, ability to perform a set of task with superior performance and reliability, under real time constraint. At present, the nano programmable controller circuits are the most commonly used power monitor owing to its ease of control at high voltage. Moreover, fixed nano programmable circuits are also used in multiple electronic applications such as converters, inverters, and other basis controllers and has led to rise in overall market growth. However, the high implementation cost and current leakage can be considered as weakness and are some of the factors hampering the growth of global nano programmable circuit market.
The global nano programmable logic controller market can be segmented on the basis of component, service, type, industry vertical, and geography. Based on component the global market can be segmented into processor, power supply, and input/output (I/O). Based on service the nano programmable logic controller market can be categorized into training, maintenance, and consulting. The type segment has been divided into fixed nano programmable controller and modular nano programmable circuit. Based on industry vertical the global market can be segregated into Energy and Power, automotive, Oil and Gas, pharmaceutical, and others. The geographical diversification of the global nano programmable circuit market includes North America, Europe, Asia Pacific, Middle East and Africa, and South America. In terms of geography, the Asia Pacific region is anticipated to dominate the global nano programmable controller market during the forecast period. The home automation market in Asia Pacific region is increasing owing to the rising security and convenience concern among the end users. As a result, manufacturers are becoming more focused in expanding their product portfolio to address the growing demand from emerging market.
Some of the key players operating in the global nano programmable logic controller market includes Mitsubishi Electric Corporation, General Electric, Rockwell Automation Inc., IDEC Corporation, Schneider Electric SE, Hitachi Ltd., Siemens AG, Honeywell International, ABB Ltd., and Robert Bosch GmbH. The market players are expected to show a substantial growth in the near future owing to the increasing technological advancements to overcome complexity of traditional circuits.
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