Global Micro and Nano PLC Market : Market Analysis by Knowledge Sourcing Intelligence
The micro and nano PLC market is projected to grow at a CAGR of 8.00%, to reach a market size of US$9.171 billion by 2024, from US$5.780 billion in 2018. Programmable logic controller (PLC) is one of the most important components used in an automated infrastructure. Increasing investment towards industrial automation across industry verticals along with high demand for compact automated solutions are some of the major factors driving the demand for micro and nano PLCs worldwide. However, rising security concerns owing to an increase in internet connectivity at the manufacturing facility and the risk of a data breach will restrict the growing demand for these PLCs. Integration of PLCs with HMI in a cost-effective manner poses as a significant market opportunity in the developing economies. Micro and Nano PLC market by Geogrophy : By geogr aphy, Micro and Nano PLC market is segmented as North America, South America, Europe, Middle East and Afric...