Power Plant Control System Market 2017 Insights and Demand Growth To 2022 - ABB, Siemens, Schneider Electric, Emerson, GE

The report "Power Plant Control System Market by Solution (SCADA, PLC, DCS), Application (Boiler, Turbine, Generator, Balance of Plant, Reactor), Component, Plant Type (Coal, Natural Gas, Hydroelectric, Nuclear, Oil, Renewables), and Region - Global Forecast to 2022", The power plant control system market is expected to grow from an estimated USD 4.70 Billion in 2017 to USD 6.22 Billion by 2022, registering a CAGR of 5.78% during the forecast period. This growth is primarily due to the increasing emphasis on alternative energy production, increase in the buoyant power sector and augmented power generation capacities worldwide, and government initiatives toward the adoption of industrial automation.

Browse 88 market data Tables and 40 Figures spread through 168 Pages and in-depth TOC on "Power Plant Control System Market - Global Forecast to 2022"

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The turbine and auxiliaries control segment is expected to hold the largest share of the power plant control system market, by application, during the forecast period

The turbine and auxiliaries segment led the power plant control system market in 2016 and is projected to dominate the market during the forecast period. The turbine and auxiliaries control segment comprises control systems for turbine governing systems, vacuum systems, condensate systems, feedwater systems, cooling water systems, and lubrication oil systems. Control systems for turbines and auxiliaries are specifically used in coal-based thermal power plants, nuclear power plants, oil-fired steam turbine power plants, gas-fired steam turbine power plants, wind power plants, and concentrated solar power plants. In a power plant, the cost component for the turbine and auxiliaries control segment holds the largest share of the entire power plant control system. The increase in the capacity addition of the wind power plant across the globe along with large investments in the capacity addition of thermal power plants in Asia Pacific acts as a major driver for the growth of the turbine and auxiliaries control segment.

Target Audience:

·         Banks, venture capitalists, financial institutions, and other investors

·         Companies related to electric power generation

·         Energy associations

·         Environment associations

·         Energy efficiency consultants

·         Government and industry associations

·         Government and research organizations

·         Manufacturing industry

·         Power plant project developers

·         State and national regulatory authorities

The SCADA solution is expected to be the fastest growing segment in the power plant control system market during the forecast period

With regard to the solution segment, SCADA solutions are expected to constitute the fastest growing market from 2017 to 2022. The market is primarily driven by increasing investments in large-scale renewable power projects where SCADA is implemented excessively. A SCADA system collects real-time data from remote locations to control the equipment or device. SCADA uses computers, communication systems, and graphical user interface for monitoring the process. SCADA systems are used to ease the automation process in remote areas where manual controlling is not possible in power plants. The components of SCADA are generally grouped into control devices and remote site devices that are used for the plant control network. They provide various facilities such as controlling and monitoring, as well as triggering alarms in the plant during hazardous events. Such a system adds tangible cost benefits by eliminating redundant and obsolete processes such as scanning or searching and streamlining the processes.

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Asia Pacific: The leading market for power plant control systems

Asia Pacific is expected to account for the largest market share in the global power plant control system market in 2017. The increasing consumption of energy followed by the increase in investments in renewable energy is expected to boost the power generation plants, thereby, enhancing the power plant control system market in the region. According to the Bloomberg New Energy Finance, China was observed to be the highest investor in renewable energy and the associated low-emissions-energy sectors by investing USD 103 billion in 2015, recording a 17% growth year on year (YoY).

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the power plant control system market. These players include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Emerson (US), and GE (US). The leading players are trying to make inroads in the markets in the developed economies and are adopting various strategies to increase their market shares.

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Massive Changes Expected by Power Plant Control System Market 2017 Strategy Resources, Manufacturers, Growth Factor, Share, Supply and Forecast to 2022

According to the new market research report "Power Plant Control System Market by Solution (SCADA, PLC, DCS), Application (Boiler, Turbine, Generator, Balance of Plant, Reactor), Component, Plant Type (Coal, Natural Gas, Hydroelectric, Nuclear, Oil, Renewables), and Region - Global Forecast to 2022", the power plant control system market is projected to reach USD 6.22 billion by 2022, growing at a CAGR of 5.78%, from an estimated USD 4.70 billion in 2017. The growth of the power plant control system market is majorly driven by the increase in alternative energy programs, the increase in the buoyant power sector and augmented power generation capacities worldwide, and government initiatives toward industrial automation.

The Middle East is expected to be the fastest growing market for power plant control systems from 2017 to 2022. This region is undergoing rapid electricity infrastructure development to maintain the demand-supply balance.  The United Arab Emirates, which is one of the largest revenue contributors to the region, is investing heavily in diversifying its energy mix including renewable sources. Qatar is set to host the FIFA World Cup 2022 and needs to upgrade its power infrastructure. This process of upgrade and capacity addition of power plants would create substantial opportunities for the suppliers of power plant control systems. Continued governmental investments in the economic and infrastructure growth are expected to boost the Middle Eastern power plant control system market.

Browse and in-depth TOC on "Power Plant Control System Market"

88 - Tables

40 - Figures

168 - Pages

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The market in Saudi Arabia is expected to be the fastest growing market in the Middle East for power plant control systems, during the forecast period. The government of Saudi Arabia is planning to restructure the country’s electricity network and has proposed to increase its electricity generating capacity to 120 GW, by 2032 to meet the rapidly growing electricity demand. The Saudi Electricity Company (SEC) plans to reduce its electricity generation from crude oil by switching to natural gas. The country also plans to add 41 GW of solar power, 18 GW of nuclear power, and 4 GW from other renewable sources to increase its generation capacity.  The “Saudi Arabia’s Vision 2030” plans to produce 9.5 GW of its power from renewable sources in the coming six years. To drive the plan the country strategize to set up 30 solar and wind projects by 2023 with the total expected investment between USD 30 to 50 billion. Thus, increasing investments in the renewable energy sector are likely to enhance the power plant control system market in Saudi Arabia.

The report segments the power plant control system market, by solution, into Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS), Programmable Logic Controller (PLC), Plant Asset Management (PAM), and Plant Lifecycle Management (PLM). The SCADA segment is expected to grow at the highest CAGR during the forecast period owing to the increasing investments in large-scale renewable power projects where SCADA systems are implemented excessively.

The power plant control system market, by component, is segmented into hardware, software, and services. The hardware segment has been further classified into controller, input-output devices, workstations, and networking hardware. The hardware segment is expected to grow at the highest CAGR during the forecast period. This segment is primarily driven by controllers which is an important module of the hardware segment and implemented in all industrial equipment of the power plants.

The power plant control system market, by plant type, is segmented into the coal-based power plant, nuclear power plant, hydroelectric power plant, natural gas-based power plant, oil-based power plant, solar power plant, wind power plant, and biofuel power plant. The solar power plant segment is expected to grow at the highest CAGR during the forecast period due to large investments in commercial-scale solar power projects in the Middle East and Asia Pacific.

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The power plant control system market, by application, is segmented into boiler and auxiliaries control, turbine and auxiliaries control, generator excitation and electrical control, and others. The others segment includes rod control, reactor control, and balance of plant control. The generator excitation and electrical control segment is expected to grow at the highest CAGR during the forecast period owing to the strict grid code across all countries where power injected to the grid is maintained by the generator and electrical control system.