| Product Code: ETC4587325 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India micro and nano plc market import shipment experienced a significant decline with a CAGR of -15.6% from 2020 to 2024. The growth rate plummeted by -74.3% between 2023 and 2024, indicating a sharp contraction in market activities. The market exhibited a clear trend of deceleration and contraction over the specified periods.
The India Micro and Nano PLC Market is witnessing growth as industries demand compact and cost-effective programmable logic controllers (PLCs) for automation and control applications. Micro PLCs and nano PLCs are smaller in size and designed for specific tasks, making them ideal for applications in industries such as automotive, packaging, and HVAC. In India, where businesses are increasingly adopting automation to improve efficiency, the demand for these compact PLCs is on the rise. The market features the integration of communication protocols, energy efficiency features, and enhanced processing capabilities in micro and nano PLCs. As India industries continue to automate their processes and embrace Industry 4.0 concepts, the micro and nano PLC market is expected to remain dynamic and influential.
The micro and nano PLC market in India is primarily driven by the need for compact, cost-effective, and high-performance automation solutions. Industries are increasingly adopting these PLCs to control machinery and processes efficiently, especially in small to medium-sized applications. The market growth is also attributed to advancements in micro and nano PLC technology, making them more capable and adaptable to various industrial settings.
Challenges in the India Micro and Nano PLC market include the need for compatibility with a wide range of industrial devices and protocols. Customization to meet the specific requirements of different manufacturing processes can be complex. Additionally, ensuring the reliability and durability of these compact PLCs is crucial for market success.
The micro and nano PLC market in India faced challenges due to the pandemic`s impact on manufacturing activities. Many industrial processes were temporarily halted or scaled down, affecting the demand for these automation components. However, as industries recover and automation gains importance for efficiency and cost savings, the market for micro and nano PLCs is expected to regain momentum.
Major companies operating in this sector include Siemens AG, Schneider Electric SE, Rockwell Automation, Inc., Mitsubishi Electric Corporation, and Omron Corporation.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Micro and Nano PLC Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Micro and Nano PLC Market Revenues & Volume, 2021 & 2031F |
3.3 India Micro and Nano PLC Market - Industry Life Cycle |
3.4 India Micro and Nano PLC Market - Porter's Five Forces |
3.5 India Micro and Nano PLC Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Micro and Nano PLC Market Revenues & Volume Share, By Offering, 2021 & 2031F |
3.7 India Micro and Nano PLC Market Revenues & Volume Share, By Architecture, 2021 & 2031F |
4 India Micro and Nano PLC Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of automation and IoT technologies in industries |
4.2.2 Growing demand for energy-efficient and cost-effective automation solutions |
4.2.3 Government initiatives promoting digitalization and Industry 4.0 practices in India |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing micro and nano PLC systems |
4.3.2 Lack of skilled workforce to effectively operate and maintain these advanced systems |
4.3.3 Concerns regarding data security and privacy in connected industrial systems |
5 India Micro and Nano PLC Market Trends |
6 India Micro and Nano PLC Market, By Types |
6.1 India Micro and Nano PLC Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Micro and Nano PLC Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Micro and Nano PLC Market Revenues & Volume, By Micro PLC, 2021-2031F |
6.1.4 India Micro and Nano PLC Market Revenues & Volume, By Nano PLC, 2021-2031F |
6.2 India Micro and Nano PLC Market, By Offering |
6.2.1 Overview and Analysis |
6.2.2 India Micro and Nano PLC Market Revenues & Volume, By Hardware, 2021-2031F |
6.2.3 India Micro and Nano PLC Market Revenues & Volume, By Software, 2021-2031F |
6.2.4 India Micro and Nano PLC Market Revenues & Volume, By Services, 2021-2031F |
6.3 India Micro and Nano PLC Market, By Architecture |
6.3.1 Overview and Analysis |
6.3.2 India Micro and Nano PLC Market Revenues & Volume, By Fixed PLC, 2021-2031F |
6.3.3 India Micro and Nano PLC Market Revenues & Volume, By Modular PLC, 2021-2031F |
7 India Micro and Nano PLC Market Import-Export Trade Statistics |
7.1 India Micro and Nano PLC Market Export to Major Countries |
7.2 India Micro and Nano PLC Market Imports from Major Countries |
8 India Micro and Nano PLC Market Key Performance Indicators |
8.1 Percentage increase in the number of industrial automation projects utilizing micro and nano PLCs |
8.2 Average time taken for companies to realize return on investment (ROI) from implementing micro and nano PLC systems |
8.3 Number of training programs conducted to upskill workforce on operating and maintaining micro and nano PLCs |
9 India Micro and Nano PLC Market - Opportunity Assessment |
9.1 India Micro and Nano PLC Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Micro and Nano PLC Market Opportunity Assessment, By Offering, 2021 & 2031F |
9.3 India Micro and Nano PLC Market Opportunity Assessment, By Architecture, 2021 & 2031F |
10 India Micro and Nano PLC Market - Competitive Landscape |
10.1 India Micro and Nano PLC Market Revenue Share, By Companies, 2024 |
10.2 India Micro and Nano PLC Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |