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.
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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MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com
