Programmable logic controller (PLC) is a solid-state electronic device which is used to control and monitor operations of various types of machines and processes. Micro PLCs are generally compact in size than the regular PLCs with a lesser number of I/O pins. The requirement of compact automation systems is one of the factors driving the growth of the micro PLC market. The market of micro PLC is highly competitive with the presence of a large number of players operating in the market
MARKET SCOPE
The "Global Micro PLC Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the micro PLC market with detailed market segmentation by component, architecture, and industry. The report provides key statistics on the market status of the leading micro PLC market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on component, the global micro PLC market is bifurcated into hardware and software.
- On the basis of architecture, the market is segmented into fixed PLC and modular PLC.
- Based on industry, the market is segmented into automotive, energy and power, oil and gas, pharmaceutical, metals and mining and, others.
MARKET DYNAMICS
Drivers
- Growing focus towards home automation, increasing adoption of IoT connectivity, and integration of micro PLC with HMI are some of the significant factors driving the growth of the micro PLC market.
Restraints
- However, the additional cost incurred with the micro PLCs might limit the growth of the micro PLC market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The micro PLC market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the micro PLC market in these regions.
IMPACT OF COVID-19 ON MICRO PLC MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the micro PLC market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from micro PLC market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the micro PLC market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Eaton
- EMC Automation
- IDEC Corporation
- Infineon Technologies AG
- Mitsubishi Electric Corporation
- MRS Electronic GmbH and Co. KG
- Omron Corporation
- Pixsys Electronics
- Rockwell Automation Inc.
- Yaskawa Europe GmbH
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.