Lucintel Forecasts the Global Micro & Nano PLC Market to Reach $13.0 billion by 2030

According to a market report by Lucintel, the future of the global micro & nano PLC market looks promising with opportunities in the automotive, chemical & fertilizer, food & beverage, home & building automation, metal & mining, oil & gas, pharmaceutical, and pulp & paper markets. The global micro & nano PLC market is expected to reach an estimated $13.0 billion by 2030 from $9.1 billion in 2024, at a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are growing demand for compact and energy-efficient automation solutions, greater emphasis on connectivity, flexibility, and data-driven decision-making in manufacturing processes, and advancements in IoT and industry 4.0 technologies.
A more than 150-page report to understand trends, opportunity and forecast in micro & nano PLC market to 2030 by type (micro PLC and nano PLC), offering (hardware, software, and services), architecture (fixed PLC and modular), end use (automotive, chemicals & fertilizers, food & beverages, home & building automation, metals & mining, oil & gas, pharmaceuticals, pulp & paper, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, micro PLC is expected to witness higher growth over the forecast period.
Within end use category, automotive will remain the largest segment.
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In terms of region, APAC is expected to witness the highest growth over the forecast period.
Mitsubishi Electric Corporation, Robert Bosch, Hitachi, Siemens, General Electric are the major suppliers in the micro & nano PLC market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Lucintel
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Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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