© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Micro and Nano PLC Market Technology Innovation and Current Business Trends by 2024: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The micro and nano PLC market in the Asia Pacific region is exhibited to witness a high growth owing to the industrial boom and a large number of manufacturing plants owing to the high availability of low-cost resources such as labor and components. Government bodies are providing grants and subsidies to support SMEs through programs such as Make in India and Made in China  Moreover, the high amount of urbanization has led to an increase in construction activities and modernization of the existing infrastructures. Governments in various economies, primarily in the Western European countries such as Germany, are pressuring organizations to reduce their energy consumption, fueling the move toward the micro and nano PLC market. Regional Analysis of Micro and Nano PLC Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Micro and Nano PLC Market:  The micro and nano PLC market by type indicates that the micro-segment is anticipated to dominate in terms of revenue. These systems offer higher ease of programming and usability allowing them to be used for various applications. They also support a higher number of I/O ports as compared to nano PLCs, making them a better alternative for users seeking to reduce their sizes and energy consumption without compromising on the efficiency of the process. The nano segment of the micro and nano PLC market is anticipated witness a growth in size owing to the rising trend of miniaturization.  The micro and nano PLC market by offering indicates that the software segment is anticipated to witness a strong growth over the forecast period. OEMs highly focus on the reduction of potential security risks and the development of software that can reduce the time for designing automated control applications. The high growth of the industrial automation and the rising penetration of these technologies are contributing toward the high revenue of the hardware.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Players operating in the micro and nano PLC market include ABB Ltd., Omron Corporation, Siemens AG, Rockwell Automation, Inc., Schneider Electric SE, IDEC Corporation, Robert Bosch GmbH, and Schneider Electric SE.  Manufacturers in the industry are required to continuously invest in strategies such as mergers, partnerships, and technology developments to sustain growth.  For instance, in January 2018, Rockwell Automation announced the release of a firmware update for its MicroLogix 1400 PLCs to resolve a critical security system vulnerability. Competitive Market Share of Micro and Nano PLC Market:

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