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.

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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.

Concentrating Solar Power Market to register highest CAGR of 10.3% over 2016-2021

According to the new market research report "Concentrating Solar Power Market by Technology (Parabolic Trough, Power Tower, Linear Fresnel & Dish/Engine system), Components (Solar field, Power Block, and Thermal Storage), End-User (Utilities, EOR & Others ), and Region - Global Forecast to 2021", the concentrating solar power market is expected to grow at a CAGR of 10.3% from 2016 to 2021, to reach a market size of USD 10.96 billion by 2021. Growing environmental concerns over carbon emissions and efforts to reduce air pollution, policy support from governments to enable adoption of renewable technologies and dispatchability of power are the major drivers of the concentrating solar power market.

The concentrating solar power market is dominated by a few global players that have an extensive regional presence and are established brand names. Leading players in the concentrating solar power industry include Abengoa Solar (Spain), Aalborg CSP (Denmark), ACWA Power (Saudi Arabia), BrightSource Energy, Inc. (U.S) and eSolar Inc (U.S), among others.

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The power tower segment is estimated to be the fastest growing market for concentrating solar power from 2016 to 2021. A power tower utilizes many large, sun-tracking mirrors to focus sunlight on a receiver at the top of a tower, a heat transfer fluid in the receiver aids in steam generation generate steam to produce electricity. Parabolic trough segment has maximum market share in total CSP market. The main reason behind maximum share is falling price of solar CSP and at par solar irradiance in Middle East & Africa and Asia-Pacific region. 

Utility scale power generation is estimated to be the fastest growing market by end user segment for concentrating solar power during the forecast period. Concentrating solar power are largely applicable for utility scale power generation owing to the ability of dispatchable power potential. Based on end-user, the utilities segment is estimated to be the fastest growing market during the forecast period. Demand for utilities is mainly driven in off grid areas with high solar irradiance in Asia-Pacific and Middle East & African countries.

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The Middle East & African market is projected to be the largest growing for concentrating solar power installations from 2016 to 2021. The Middle East & African market’s growth is driven by power generation, enhanced oil recovery and desalination industry operations. Morocco, Saudi Arabia, UAE, and Oman are expected to witness significant growth during the forecast period.  Morocco is one of the most attractive market for CSP installations and has many CSP projects under development and in the pipeline.

Electric Fuse Market Revenue to Hit $4.3 billion by 2023; at a CAGR of 4.24%

According to the new market research report "Electric Fuse Market by Type (Power Fuse & Fuse Link, Distribution Cutouts, Cartridge & Plug Fuse), Voltage (Low, Medium), End-Users (Utilities, Industrial, Residential, Commercial, Transportation), and Region - Global Forecast to 2023", published by MarketsandMarkets™, the global Electric Fuse Market is projected to reach USD 4.3 billion by 2023 from an estimated USD 3.5 billion in 2018, at a CAGR of 4.24%. This growth can be attributed to growing investments in renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in construction sector.

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The medium voltage segment is expected to hold the largest share of the Electric Fuse Market, by voltage, during the forecast period.

The medium voltage segment is estimated to dominate the Electric Fuse Market in 2018 and is projected to have the largest market share during the forecast period. The medium voltage range for fuses is defined as fuses with the capacity to open circuit at voltage range above 1 kV to 38 kV. The high demand for medium voltage fuse is due to the continuous construction of transmission and distribution network along with high replaceability of fuses. The major end uses of medium voltage fuses are for electric utilities, transformers & substations, distribution networks, and heavy industries such as oil & gas industry. The medium voltage fuses are mostly the power fuses used for current limiting function, motor circuit protection, and for back up for protection from default current.

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The transportation segment is expected to be the second fastest growing segment of the Electric Fuse Market, by end-use, during the forecast period.

The transportation segment accounted for the second highest CAGR during the forecast period. The demand for electric fuses is driven by the high growth and developments in the global railway industry. Furthermore, the fast commercialization of electric trains and metros from the developing nations is driving the demand for electric fuses from tractions. Furthermore, the concepts of high speed trains, freight wagons, bullet trains will create opportunities for electric fuses in the near future.

Asia Pacific: The largest market for electric fuse.

In this report, the Electric Fuse Market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. Asia Pacific is estimated to dominate the global Electric Fuse Market in 2018 owing to the development and growth of countries such as China, Japan, Australia and India, where there is huge requirement for power and infrastructural development due to growing population and urbanization. The transportation infrastructure in the region is at its verge of getting electrified. This also creates opportunities for electric fuses in the Asia Pacific railway and traction segment. Furthermore, the region is the largest consumer of solar energy, and countries such as India and China are driving the renewable energy market. For instance, India has set goals of generating 175 GW of electricity through renewables by 2022. Such factors are likely to drive the Asia Pacific Electric Fuse Market.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Electric Fuse Market. Some of the key players are Schneider Electric (France), Siemens (Germany), Mersen (France), ABB (Switzerland), Eaton (Ireland), Bel Fuse Inc. (US), Littelfuse (US), Legrand (France), S&C Electric Company (US), and Hubbell (US). The leading players are adopting various strategies to increase their shares in the Electric Fuse Market.

Portable Filtration Systems Market Revenue to Hit $621.4 Million by 2022; at a CAGR of 3.93% from 2017 to 2022

According to the new market research report “Portable Filtration Systems Market by End-User (Power Generation, Manufacturing, Oil & Gas), Flow Rate (0–10, >10–20, >20–60, >60–100, and Above 100 GPM), Technology (Pressure, Centrifugal, and Vacuum Filtration), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the The portable filtration systems market is expected to grow at a CAGR of 3.93%, from 2017 to 2022, to reach a market size of USD 621.4 million by 2022. The growth in this market is driven by the growth of the power generation segment and rising manufacturing activities, majorly in the Asia Pacific region together with stringent environmental regulations.

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The portable filtration systems market is dominated by a few major players that have a wide regional presence and are established brand names. Leading players in the portable filtration systems market, such as Parker-Hannifin (US), Pall (US), Bosch Rexroth (Germany), Eaton (Ireland), and Donaldson Company (US), have been focusing on the organic growth strategy which includes developing new products to bolster their product portfolio and to enhance their global reach.

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With regard to the technology segment, the pressure filtration systems market is expected to be the fastest growing market from 2017 to 2022. Further, in terms of market size, the pressure filtration segment would dominate the portable filtration systems market. The pressure filtration systems are preferred over centrifugal and vacuum filtration systems as these systems have low initial and operating costs.

The report segments the portable filtration systems market, based on flow rate, into 0 to 10, >10 to 20, >20 to 60, >60 to 100, and above 100 GPM segments. The less cost of systems with low rates and high viscosity is driving the market for the 0 to 10 GPM segment, as it is the most common flow rate and has applications in all most all industrial processes. 

The portable filtration systems market has been segmented on the basis of end-user into manufacturing, power generation, oil & gas, paper and pulp, petrochemicals, and others. The power generation segment is the major end-user market for portable filtration systems, and is the major driver for the portable filtration systems market. Moreover, growth in manufacturing activities around the world, specifically in emerging economies, such as India and China is further fueling the growth in the portable filtration systems market.

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The market in Asia Pacific is estimated to be the fastest growing portable filtration systems market from 2017 to 2022. Investments in power generation capacities and growing manufacturing activities in countries such, as China, India, and Japan are likely to be the major drivers for the portable filtration systems market in Asia Pacific.

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