Today: June 21, 2018, 7:31 pm
  
Industries

Power Plant Control System Market worth 6.22 Billion USD by 2022

Power Plant Control System Market worth 6.22 Billion USD by 2022
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.

 

PR-Inside.com: 2018-01-31 11:05:16
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"

www.marketsandmarkets.com/Market-Reports/power-plant-control-sys ..

Early buyers will receive 10% customization on reports.

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.

Download PDF Brochure @ www.marketsandmarkets.com/pdfdownload.asp?id=30726243

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).

Make an Inquiry @ www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=30726243

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.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Rohan

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA : 1-888-600-6441

sales@marketsandmarkets.com

Press Information
MarketsandMarkets™ INC.
630 Dundee Road

Suite 430

Northbrook, IL 60062

Mr. Rohan
AVP Client Partner
1-888-600-6441
email
www.marketsandmarkets.com


# 923 Words
Related Articles
More From The Author
Automotive Chassis Market worth 78.44 Billion USD [..]
The report "Automotive Chassis Market by Chassis Type (Backbone, Ladder, Monocoque, Modular), Material (Steel, Aluminum Alloy, [..]
Cleaner & Degreaser Aftermarket worth 45.30 Billion [..]
The report "Cleaner & Degreaser Aftermarket by Part (Cleaner (Brake, Carburettor, Engine Flush), Degreaser (Engine, Exhaust, [..]
Fraud Detection and Prevention Market is Expected [..]
The report "Fraud Detection and Prevention Market by Solution (Fraud Analytics and Authentication), Service, Application Area [..]
Connected Truck Market Estimated to Reach USD [..]
The report "Connected Truck Market by Range (DSRC and Cellular), Service (Fleet Management and Cybersecurity & Updates), Component [..]
Electrical SCADA Market Revenue to Hit $3.29 [..]
The report "Electrical SCADA Market by Architecture (Hardware, Software, and Services), Component (Master Terminal unit, [..]
 
More From Industries
Furuya Metal to Invest in Enhancing the [..]
TOKYO, June 21, 2018 - (ACN Newswire) - Furuya Metal Co., Ltd. announced that it will invest in enhancing the [..]
Tarps Now® Announces Expanded Line of Mesh [..]
ST. JOSEPH, MICHIGAN, UNITED STATES -- Tarps Now® is pleased to announce the roll out of new lines of outdoor [..]
Tarps Now® Solves Industrial Problems with Industrial [..]
ST. JOSEPH, MICHIGAN, UNITED STATES –Partitioning a large plant or warehouse with Industrial Divider Curtains is an important part [..]
Tarps Now Launches New Lines of Military [..]
ST. JOSEPH, MICHIGAN, UNITED STATES –Due to increasing need for Military Grade tarps, covers and fabrics meeting the specifications of [..]
Tarps Now® Announces New Online Configurator for [..]
ST. JOSEPH, MICHIGAN, UNITED STATES, May 8, 2018 / -- Tarps Now® is pleased to announce the development and release [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.