Global Nano Programmable Logic Controller Market 2016-2020

Market outlook of the nano programmable logic controller (PLC) market

Technavio’s market research analysts have estimated the global nano programmable logic controller (PLC) market to grow at an impressive CAGR of almost 8% by 2020. A major factor impelling the prospects for growth in this market is the growing home and building automation market. A home automation system is a computer-based control system, which is installed in buildings to control and monitor mechanical and electrical equipment like power systems, lighting, ventilation, fire systems, and security systems. The automation of home and household systems includes centralized lighting control, HVAC control systems, security and access control systems, entertainment control systems, and control over other appliances in a house. In housing and building automation systems, nano PLCs are extensively used in door and gate controls, heating and cooling systems, window shutter controls, water and sprinkler systems, and ventilation systems. The ability of these nano PLCs to improve a building's indoor environment while optimizing overall operational costs will lead to its increased utilization over the next few years.

In terms of geography, the APAC region dominated this market during 2015 and is anticipated to continue its market dominance over the next few years. The home automation market in APAC is increasing due to the burgeoning need for security and convenience among end users. Due to the rising need for security and convenience, manufacturers have been compelled to expand their product portfolio during the forecast period to address the growing demand from emerging markets. Extensive market analysis carried out by the analysts at Technavio has shown that the market for nano PLCs in APAC will grow at a CAGR of over 8% by 2020.

Product-based segmentation and analysis of the nano PLC market

• Hardware
• Software
• Services