Global Nano PLC Market Dynamics 2017: Opportunities, Risks and Driving Factors to 2025
According to a new report published by Reports Monitor titled, “Nano PLC Market By Type, Property & Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Nano PLC Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia Pacific dominates the Nano PLC Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
Programmable Logic Controller (PLC) is a computer device used for industrial control system. This system continuously monitors the state of input devices and makes decision based upon the custom programs to control the state of output devices. They are used in different types of industries such as oil refineries, manufacturing lines, conveyor system, and others. The main advantage of using PLC is the capability to change operation or process while collecting and communicating important information. The other advantage of this system is that, it is modular, means both input and output devices can be mixed and matched to suit the application.
There is tremendous increase in the sale of passenger and commercial vehicles will simultaneously propel the growth of the market. The other factors driving the growth of the market includes enterprise networking and increased defense and marine expenditures. Apart from the original equipment manufacturers (OEMs), the auto components manufacturers are also thereby automating their production units to meet the demand from markets. Thus, increase in automation of industrial processes will strengthen the growth of the market.
According to the segmentation, the market is bifurcated into different segments such as by type, by application, and by region. On the basis of segment type the market is bifurcated into different types including Fixed Nano PLC and Modular Nano PLC. The application segment is bifurcated into automotive, energy & power, oil & gas, pharmaceuticals, and others (food & beverages and pulp & paper).
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• Who are the major key players in global Nano PLC market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: ABB, General Electric, Hitachi, Honeywell International, IDEC Corporation, Mitsubishi Electric Corporation, Robert Bosch, Rockwell Automation, Schneider Electric, Siemens, and others.
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