1 minute read
Research Methodology
Micro and Nano PLC Market Overview
The Micro and Nano PLC market is expected to grow up to USD 11.83 billion by 2025 at a CAGR of 7.06% from 2019 to 2025.
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Micro and Nano PLC Market scope is expected to experience substantial development during the estimated timeframe because of applications in the industrial sector and the demand for compact automation solutions. For example, industrial robots are gaining traction due to their ability to expand production efficiency and reduce costs. These are the essential components in industrial robotic systems and the increasing adoption of these systems across the world is amplifying the growth of the market during the prediction timeframe. Growing awareness of automation in industrial processes, extensive adoption of IoT connectivity, and rising demand for compact solutions in automation are key factors influencing the development of the market. PLC stands for programmable logic control, an electronic device used to perform certain tasks. It is used in many industries for monitoring and control building systems in production processes, which are designed in such a way that each PLC performs a single set of tasks. Adoption of compact solutions and rising automation applications in buildings, high increases, and manufacturing industries drive the market. Process automation industries are increasing owing to the use of micro and nano PLCs, which offer economical solutions for necessary control needs in simple machines ranging from a simple control timing circuit to a relay replacement logic circuit.
