Micro Programmable Logic Controller (PLC) Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40034
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The micro programmable logic controller (PLC) market has the potential to grow by USD 2.08 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.80%.

This micro programmable logic controller market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing investment in smart factories is notably driving the micro programmable logic controller market growth, although factors such as growing cybersecurity concerns may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the micro programmable logic controller industry get your FREE report sample now.

This report provides extensive insights on segmentation by product (hardware, software, and services), end-user (automotive industry, oil and gas industry, power industry, food and beverage industry, and others), and geography (APAC, North America, Europe, South America, and MEA). The micro programmable logic controller market report also offers information on several market vendors, including ABB Ltd., Bosch Rexroth AG, Hitachi Ltd., Honeywell International Inc., IDEC Corp., Mitsubishi Electric Corp., OMRON Corp., Schneider Electric SE, Siemens AG, and Toshiba Corp. among others.

What will the Micro Programmable Logic Controller (PLC) Market Size be in 2021?

Micro-Programmable-Logic-Controller-(PLC)-Market-Market-Size-2020-2025

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Micro Programmable Logic Controller (PLC) Market: Key Drivers and Trends

  • Because of technological advancements, industrial manufacturing is evolving towards flexibility and scalability.
  • The advent of smart factories has enabled the move towards digital transformation and manufacturers are adopting them to improve their efficiency and productivity with innovative technologies.
  • Technological advances, the complexity of supply chains, organizational realignments, and the rising investments by end-user industries are increasing the acceptance of smart factories. This will significantly influence micro programmable logic controller market growth over the forecast period.
  • Benefits such as programming flexibility,  communication capability over a complex structure, and the lower cost compared to traditional PLC will also fuel the adoption of micro PLCs.
  • Advances in product design and features have resulted in an increase in their capabilities and their applications in the industrial sector.
  • With technological advancements, vendors are focusing on developing micro PLCs with high-speed communication capabilities, larger program memory, and the ability to support multiple communications.
  • This growing focus toward expanding the capabilities of micro PLC will be one of the critical micro PLC market trends that will influence market growth.

This micro programmable logic controller market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Micro Programmable Logic Controller (PLC) Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ABB Ltd.
  • Bosch Rexroth AG
  • Hitachi Ltd.
  • Honeywell International Inc.
  • IDEC Corp.
  • Mitsubishi Electric Corp.
  • OMRON Corp.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corp.

 

The micro PLC market is fragmented and the vendors are deploying growth strategies such as offering customized solutions with additional services to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the micro programmable logic controller market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Micro Programmable Logic Controller (PLC) Market?

Micro-Programmable-Logic-Controller-(PLC)-Market-Market-Share-by-Region-2020-2025

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31% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for micro programmable logic controllers in APAC. Market growth in this region will be faster than the growth of the market in Europe, North America, and South America.

Strong industrialization, rising demand for medium voltage and low voltage motors, and increasing investments in power, water and wastewater treatment, and food and beverage industries will facilitate the micro PLC market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Micro Programmable Logic Controller (PLC) Market?

Micro-Programmable-Logic-Controller-(PLC)-Market-Market-Share-by-Product-2020-2025

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The micro programmable logic controller market share growth by the hardware segment will be significant during the forecast period. The hardware segment of the global micro programmable logic controller market consists of CPU to coordinate the range of command, control, and communication operations. Innovations in hardware are increasing the efficiency and performance of micro PLCs, which is fueling their adoption across large industries such as automotive, oil and gas, pulp and paper, and power.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the micro programmable logic controller market size.

 

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What are the Key Factors Covered in this Micro Programmable Logic Controller (PLC) Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive micro programmable logic controller market growth during the next five years
  • Precise estimation of the micro PLC market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the micro programmable logic controller industry across APAC, North America, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of micro programmable logic controller market vendors

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Micro Programmable Logic Controller (PLC) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2021-2025

$ 2.08 billion

Market structure

Fragmented

YoY growth (%)

5.94

Regional analysis

APAC, North America, Europe, South America, and MEA

Performing market contribution

APAC at 31%

Key consumer countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

ABB Ltd., Bosch Rexroth AG, Hitachi Ltd., Honeywell International Inc., IDEC Corp., Mitsubishi Electric Corp., OMRON Corp., Schneider Electric SE, Siemens AG, and Toshiba Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The micro programmable logic controller (plc) market growth will increase by $2080.60 million during 2020-2025.
The micro programmable logic controller (plc) market is expected to grow at a CAGR of 6.80% during 2020-2025.
Technavio has segmented the micro programmable logic controller (plc) market by product (Hardware, Software, and Services) ,end user (Automotive industry, Oil and gas industry, Power industry, Food and beverage industry, and Others) , and geographic (APAC, North America, Europe, South America, and MEA).
ABB Ltd., Bosch Rexroth AG, Hitachi Ltd., Honeywell International Inc., IDEC Corp., Mitsubishi Electric Corp., OMRON Corp., Schneider Electric SE, Siemens AG, Toshiba Corp. are a few of the key vendors in the micro programmable logic controller (plc) market.
APAC will register the highest growth rate of 31.37% among the other regions. Therefore, the micro programmable logic controller (plc) market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the micro programmable logic controller (plc) market growth are:
  • Increasing demand for compact automation solutions
The micro programmable logic controller (plc) market vendors should focus on grabbing business opportunities from the hardware segment as it accounted for the largest market share in the base year.
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