The Nano Programmable Logic Controller market is anticipated to register a CAGR of 3.7% over the forecast period (2019 – 2024). A nano programmable logic controller (PLC) is an industrial grade computer capable of being programmed to perform control functions. These controllers can eliminate hardwiring associated with conventional relay control circuits, enhancing the productivity. It is easier to create and change a program in a nano PLC than to rewire the complete circuit. Nano PLC can communicate with other controllers or computer equipment to perform functions such as supervisory control, data gathering, monitoring devices, and other process parameters of programs. Furthermore, to meet the demands of harsh industrial environments, these controllers are designed to be extremely robust, often capable of withstanding extreme temperatures, humidity, vibration, and electrical noise.
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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.
The growth in global Nano Programmable Logic Controller market is also influenced by the presence of major players such as IDEC, Mitsubishi, Hitachi, Bosch Rexroth, Schneider, Siemens, GE, ABB, Honeywell, Rockwell Automation
Most important types of Nano Programmable Logic Controller market products covered in this report are: Hardware, Software, Services
Most widely used downstream fields of Nano Programmable Logic Controller market market covered in this report are: Home and Building Automation, Food and Beverage, Water and Wastewater
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The global Nano Programmable Logic Controller market is segmented into six key regions, namely North America, South America, Europe, and Asia Pacific, Japan, China and the Middle East & Africa
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.
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The Nano Programmable Logic Controller market is anticipated to register a CAGR of 3.7% over the forecast period (2019 – 2024).
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