Power Plant Control System Market is Expected to Grow at 5.75 % CAGR by 2027

Pune, India, September 2019, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global Power Plant Control System Market.

Market Highlights

The global power plant control system market is projected to be valued at USD 7.15 billion by 2025, with ~5.92% CAGR during the forecast period, 2019–2025. Power plant control system is used to control the operation of the power plants systems with the help of advanced distributed control systems. It offers multiple controlling systems to improve productivity and reduce the environmental impact of a power plant. The operation of a large modern power plant requires highly advanced control systems. Adoption of technological advancements for controlling the power plant includes emission control technique, performance management, optimal power flow, and PLC allows the operations in power plants to work more efficiently and reliably.

GLOBAL POWER PLANT CONTROL SYSTEM MARKET, 2019–2025 

In 2018, Asia-Pacific dominated the global power plant control system market in terms of share: MRFR

The global power plant control system market has been segmented into five regions, namely, Asia-Pacific, Middle East & Africa, Europe, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. Asia-Pacific is expected to be the largest market share in the global power plant control system market during the forecast period. Increased power consumption, rising production capacity of renewable sources in the energy mix, and renovation, modernization, and upgradation of aging power plants are the major factors attributed to the growth of the global power plant control system market in the region.

The power plant control system market in Europe is expected to be dominated by Germany owing to the increase in the number of cruise liners in the shipping industry. For instance, in 2017, Siemens (Germany) received a contract to supply the key components of a Siharbor power plant control system supply system for roll-on/roll-off (RoRo) ships in Cuxhaven, Germany.

The power plant control system market within the Middle East & Africa is dominated by Saudi Arabia owing to the adoption of the advanced control systems in the power plant. For instance, In January 2017, ENGIE (France) had received the contract of Fadhili independent power project to develop the CHP plant with integrating SPPA-T3000 control system for efficient monitoring and controlling the power plant.

The power plant control system market in South America is dominated by Brazil, owing to increasing power generation capacity. For instance, in April 2018, General Electric had achieved the contract worth USD 300 million to provide power generation equipment in 11 power plants owned by Petrobras, Brazil’s majority state-owned oil company.  It includes OEM of the assets, gas turbines, technology solutions, and complete plant services solutions.

The global power plant control system market has been segmented based on solution, component, application, plant type, and region. Based on solution, the global market is segmented into SCADA, PLC, DCS, PLM, and PAM. The DCS segment is expected to dominate the global market and is likely to grow with the highest CAGR. Based on component the global market is segmented as hardware and software, and services. The software segment is expected to grow with the highest CAGR during the forecast period. Based on application, the market is segmented into boiler & auxiliaries control, turbine & auxiliaries control, generator excitation & electrical control, and others. The generator excitation & electrical control segment is expected to hold the largest market share during the forecast period. Based on plant type, the global market is segmented into coal, natural gas, hydroelectric, nuclear, oil, and renewables. The renewables segment is expected to grow with the highest CAGR during the forecast period.

The global power plant control system market is expected to grow at ~5.75% CAGR during the forecast period.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/power-plant-control-system-market-8350

Drivers

Scope of the Report

This report provides an in-depth analysis of the global power plant control system market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global power plant control system market by solution, component, application, plant type, and region.

• 
  Solution
  
  
  
  • Supervisory Control & Data Acquisition (SCADA)
  
  
  • Programmable Logic Controller (PLC)
  
  
  • Distributed Control System (DCS)
  
  
  • Plant Lifecycle Management (PLM)
  
  
  • Plant Asset Management (PAM)
  
  
  
  


• 
  Component
  
  
  
  • Hardware
  
  
  • Software
  
  
  • Services
  
  
  
  


• 
  Application
  
  
  
  • Boiler & Auxiliaries control
  
  
  • Turbine & Auxiliaries control
  
  
  • Generator Excitation & electrical control
  
  
  • Others
  
  
  
  


• 
  Plant Type
  
  
  
  • Coal
  
  
  • Natural Gas
  
  
  • Hydroelectric
  
  
  • Nuclear
  
  
  • Oil
  
  
  • Renewables
  
  
  
  


• 
  By Region
  
  
  
  • North America 
  
  
  • Asia-Pacific 
  
  
  • Europe
  
  
  • Middle East & Africa
  
  
  • South America
  
  
  
  

Key Players

The key players operating in the global power plant control system market are ABB (Switzerland), Honeywell (US), Siemens (Germany), Schneider Electric (France), Emerson (US), General Electric (US), Hitachi (Japan), Omron (Japan), Rockwell (US), Toshiba (Japan), Mitsubishi Electric (Japan), Yokogawa Electric  (Japan), and Endress+Hauser (Switzerland).