Market Industry Trends

Friday, May 10, 2019

Distributed Control Systems Market 2022 | DCS Market Leader – ABB, Siemens, Honeywell, Yokogawa, Emerson, Schneider Electric, General Electric, Rockwell, Toshiba

The global distributed control systems market is projected to reach USD 20.33 billion by 2022, at a CAGR of 4.97%, from 2017 to 2022. This growth is primarily driven by the increased use of renewable and nuclear energy for power generation and booming power sector and augmented power generation capacities worldwide.

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Asia Pacific is expected to be the largest market for DCS followed by North America till 2022. The global market is dominated by a few players including ABB (Switzerland), Emerson (US), Siemens (Germany), Honeywell (US), and Schneider Electric (France).

The major strategies adopted by the players include contracts & agreements, new product launches, expansions and investments, mergers & acquisitions, and joint ventures and collaborations. Contracts & agreements was the most commonly adopted strategy from 2014 to August 2017. Industry players also adopted new product developments, which was the second most widely followed strategy, during the same period.

ABB is a leading manufacturer of electrical products. The company operates through 4 segments, namely, power grids, electrification products, discrete automation and motion, and process automation. It offers distributed control system products through its process automation segment. The company offers a wide range of products and software for distributed control (DCS) systems. ABB mainly focuses on the human factor and, hence, provides interfaces between panels and complete control room systems to drive productivity, quality, and safety. ABB operates in more than 100 countries across Europe, the Americas, and Asia, Middle East and Africa (AMEA). It has approximately 320 operating and holding subsidiaries worldwide, including ABB India Limited, ABB Argentina, ABB Canada, and ABB Beijing Drive Systems. In May 2016, ABB was awarded a contract by TAKRAF GmbH to provide a complete power and automation solution to the company.

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Emerson provides manufacturing products and services to a wide range of commercial and consumer markets worldwide. The company operates through 4 segments, namely, process management, climate technologies, industrial automation, and commercial and residential solutions. It offers distributed control systems (DCS) through its process management and industrial automation segments. The company’s process management segment offers both systems and software to end-users. Emerson’s most popular DCS systems are Ovation and DeltaV. It provides its services to various industries such as oil & gas, refining, chemicals and power generation, pharmaceuticals, food and beverage, pulp and paper, and metals and mining. In 2016, 42% of Emerson’s process management segment’s revenue was generated in North America. This was followed by Asia Pacific and Europe, accounting for 23% and 19%, respectively, in the same year. The company has 220 manufacturing locations and operates in 150 countries. In September 2017, the company launched the DeltaV PK controller, an advanced version of the DeltaV distributed control system.

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Floating Power Plant Market Projections, Future Opportunities Recorded for the Period until 2022

The floating power plant market is expected to grow from an estimated USD 889.6 Million in 2017 to USD 1,440.1 Million by 2022, at a CAGR of 10.11%, from 2017 to 2022.

The factors driving the market includes increasing demand for power, coupled with the lack of power infrastructure, benefits over land based power plants (majorly as it eliminates the land acquisition related problems), and energy efficiency mandates and demand for clean energy (renewable energy source).

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Non-Renewable is the largest power source-based market segment

The report segments the floating power plant market on the basis of power sources into non-renewable and renewable. In 2016, the non-renewable segment held the largest market share of the global floating power plant market. This growth is majorly driven by the lack of power infrastructure, coupled with the upsurge in energy demand. The non-renewable power source market is segmented into key components, such as gas turbines and IC engines.

Above 250 MW is the largest capacity-based market segment

The report also segments the floating power plant market by capacity into 1 MW to5 MW, 5.1 MW to–20 MW, 20.1 MW to100 MW, 100.1MW to250 MW, and above 250 MW. The capacity segment above 250 MW is projected to dominate the floating power plant market till 2022. The market share of the above 250 MW segment, is maximum, as the floating power plants which generate this amount of capacity, fall under the non-renewable segment, thus accounting for a major share of the market in the capacity segment.

Asia-Pacific is a key potential market for floating power plants

The floating power plants market is segmented into North America, Asia-Pacific, Europe, and the rest of the world (South & Central America and the Middle East & Africa). The rest of the world dominated the floating power plant market in 2016, owing to the high demand from the Middle East and African countries, which was closely followed by the Asia-Pacific region. The Asia-Pacific region is projected to dominate the floating power plant market by 2022, owing to the rise in renewable floating power plants in countries such as Japan and China, and the non-renewable floating power plants in countries such as Indonesia and Myanmar, among others.

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To provide an in-depth understanding of the competitive landscape, the report includes the profiles of companies, such as MAN Diesel & Turbo SE (Germany), Mitsubishi Corporation (Japan), Wartsila (Finland), General Electric Company (U.S.), Siemens AG (Germany), Caterpillar, Inc. (U.S.), Ciel & Terre International (France), Floating Power Plant A/S (Denmark), Ideol (France), Kyocera Corporation (Japan), Principle Power, Inc.(U.S.), Upsolar (Hong Kong), Vikram Solar Pvt., Ltd. (India), Yingli Solar (China), and SeaTwirl AB (Sweden), among others. The dominant players are trying to gain a foothold in developing economies and are adopting various methods to grab the market share.

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Tuesday, May 7, 2019

Instrument Transformers Projected to Gain Significant Market Growth in Near Future

According to the new market research report "Instrument Transformers Market by Type (Current, Potential, and Combined Instrument Transformers), Enclosure Type (Indoor and Outdoor), Dielectric Medium (Solid, Liquid, and SF6 Gas), Voltage, Application, End-User, and Region - Global Forecast to 2022 ", the instrument transformers market is expected to grow from an estimated USD 7.32 Billion in 2017 to USD 9.06 Billion by 2022, registering a CAGR of 4.35% during the forecast period. This growth is primarily due to the increasing emphasis on alternative energy production, refurbishment of aging infrastructure, and huge investments in smart grids and energy systems across the world.

The power utilities segment is expected to hold the largest share of the instrument transformers market, by end-user, during the forecast period

The power utilities segment led the instrument transformers market in 2016, and is projected to dominate the market during the forecast period. The total investment in the transmission and distribution infrastructure over 2014 to 2035 is expected to be USD 6.8 trillion, according to the International Energy Agency. Approximately, 56% of the total energy investment accounts for transmission and distribution. Refurbishment and replacement of existing assets contribute 40% and the grid integration of renewables accounts for 4%. Instrument transformers are a major part of the transmission and distribution infrastructure, used for measurement as well as protection of the system. Approximately 10% of the total substation cost is dedicated to procurement and installation of instrument transformers. With the increasing investments in the power infrastructure, the market for instrument transformers tends to grow.

Browse and in-depth TOC on “Instrument Transformers Market"

99 - Tables

48 - Figures

171 - Pages

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Capacitive potential transformers to be the fastest growing segment in the instrument transformers market

With regard to the type segment, capacitive potential transformers are expected to constitute the fastest growing market from 2017 to 2022. Capacitive potential transformers are used to measure voltages above 66 kV. In these types of transformers, capacitors are used as voltage dividers. These capacitors are connected in series where the voltage drop takes place. Unlike inductive voltage transformers, capacitive voltage transformers usually have a ferro resonance damping circuit built into the instrument transformers itself. Apart from voltage measurement, these capacitive voltage transformers are also used as high pass filters. These days transmission lines are used for communication purposes as well. The information at high frequencies (in MHz) are conveyed through transmission lines from one grid to another and is known as Power Line Carrier Communication (PLCC). Capacitive voltage transformers, when used as high pass filters, helps in PLCC.

Asia Pacific: The leading market for instrument transformers

In this report, the instrument transformers market has been analyzed with respect to six regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Asia Pacific is expected to account for the largest market share of 36% in the global instrument transformers market in 2017. Countries such as China, Japan, and India are investing in grid expansion projects to increase their distribution grid reliability. China accounted for the largest share of the instrument transformers market in Asia Pacific in 2016. It has the highest installed power generation and distribution capacities, resulting in an increased demand for transformers. The country, which is an export-oriented economy, has witnessed an exponential growth in the demand for electricity in the past couple of decades, fueled by industrialization and infrastructural developments. Meanwhile, the next strongest economy, India, is also adding up its renewable energy capacity annually. For instance, the country is the third-largest electricity producer in the world and is likely to generate approximately 30 GW of power from renewable energy sources in 2017. This would require grid connected as well as local distribution networks. These factors are expected to drive the growth of the instrument transformers market in Asia Pacific.

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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 instrument transformers market. These players include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), 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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