Power Plant Control System Market
Global Power Plant Control System Market Size, Share & Trends Analysis Report by Solution (Supervisory Control & Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Plant Asset Management (PAM), and Plant Lifecycle Management (PLM)), By Power Plant Type (Coal, Hydroelectric, Natural Gas, Nuclear, and Renewable) Forecast Period (2021-2027)
The global power plant control system market is anticipated to grow at a CAGR of 5.4% during the forecast period. The power plant control systems enable the power plant operators to effectively manage the overall operations within the production plant. Globally, the aging power plants are now upgrading through the adoption of advanced and automated technologies. Different types of investors are also showing their interest in investing their money in this sector which is the major factor driving the growth of the market.
The lack of interoperability is the major challenging factor in the growth of power plant control systems. The majority of power plant control systems manufacturers provide their products manufactured under their own standardization protocols. Thus, customers purchasing a component from one manufacturer have to stick to that manufacturer, as, if they purchased another component from another manufacturer then communication interfaces may get changed. Thus, the lack of global standardization is a major restraining factor in the growth of the market.
Segmental Outlook
The global power plant control system market is segmented based on the solution and power plant type. Based on the solution, the market is segmented into SCADA, PLC, DCS, PAM, and PLM. Based on power plant type, the market is sub-segmented into coal, hydroelectric, natural gas, nuclear, and renewables(including solar, wind, and biofuels).
Global Power Plant Control System Market Share by Power Plant Type, 2020 (%)
Renewable Power Plant Segment to Exhibit Considerable Growth in the Global Power Plant Control System Market
Coal is the major type of power plant that is meeting 38% of the global electricity demand, as per the World Nuclear Association in 2018. These types of power plants are most common in the Asia-Pacific region. The renewable power plant segment is expected to grow at a considerable growth during the forecast period. The growing demand for sustainable energy sources is the major factor giving growth to the renewable segment. Solar energy is amongst the major renewable energy sources which is rapidly expanding globally.
According to the International Energy Agency (IEA), 26.2% of global electricity was generated through renewable sources in 2018, which is expected to reach 45% by 2040. Solar PV is the major source of renewable energy. According to IEA, 720 TWh (3% of global electricity generated) has been generated through solar PV in 2019. Hydropower and bioenergy are the second and third major sources of renewable energy respectively.
Regional Outlooks
The global power plant control system market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East & Africa and Latin America).
Global Power Plant Control System Market Growth by Region, 2021-2027
Asia-Pacific Region Contributes a Prominent Share in the Global Power Plant Control System Market
Asia-Pacific region is projected to contribute a prominent share in the global power plant control systems market. China and India are the major contributing nations to this growth. The market in the region is majorly driven by coal power plants, followed by hydroelectricity and solar power plants. According to Climate Analytics, the Asia-Pacific region alone accounts for 76% of global coal-based electricity generation capacity.
However, India and China are now shifting their electricity generation from coal to renewable sources and the ASEAN countries are reporting a significant increase in coal-based thermal power plants. According to the IEA, Indonesia produced a maximum (65 GW) through coal-based thermal power plants, followed by Thailand that had produced 50 GW in 2019.
Market Players Outlook
Some of the major companies operating in the global power plant control system market include ABB Ltd., GE Co., Emerson Electric Co., Hitachi Ltd., Honeywell International, Inc., Mitsubishi Electric, Siemens AG, Toshiba Corp., and others. The market players are considerably contributing to the market growth by adopting various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, Schneider Electric and Temasek partnered in August 2020 to acquire Larsen and Toubro's electrical and automation division. After this acquisition, Schneider held a 65% share in the L&T business division while Temasek held 35% shares. Thus acquisition had strengthened the low-voltage offerings and industrial automation business of Schneider in Asia, the Middle East, and Africa.
The Report Covers
• Market value data analysis of 2020 and forecast to 2027.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global power plant control system market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. ABB Ltd.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. GE Co.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Hitachi Ltd.
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Honeywell International, Inc.
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Siemens AG
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Power Plant Control System Market by Solution
5.1.1. Supervisory Control & Data Acquisition (SCADA)
5.1.2. Programmable Logic Controller (PLC)
5.1.3. Distributed Control System (DCS)
5.1.4. Plant Asset Management (PAM)
5.1.5. Plant Lifecycle Management (PLM)
5.2. Global Power Plant Control System Market by Power Plant Type
5.2.1. Coal
5.2.2. Hydroelectric
5.2.3. Natural Gas
5.2.4. Nuclear
5.2.5. Renewable (including Solar, Wind, and Bio-fuels)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. ABB Ltd.
7.2. Bentek Systems
7.3. EFFACEC Power Solutions
7.4. Emerson Electric Co.
7.5. Endress+Hauser
7.6. ETAP
7.7. GE Co.
7.8. Hitachi Ltd.
7.9. Honeywell International, Inc.
7.10. INDRA Sistemas
7.11. Ingeteam
7.12. Meteocontrol
7.13. Mitsubishi Electric
7.14. Motorola Solutions
7.15. OMRON
7.16. Rockwell Automation, Inc.
7.17. Siemens AG
7.18. Schneider Electric
7.19. Schweitzer Engineering Laboratories
7.20. Toshiba Corp.
7.21. Valmet
7.22. Wago
7.23. Yokogawa Electric Corp.
1. GLOBAL POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2020-2027 ($ MILLION)
2. GLOBAL SCADA MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL PLC MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL DCS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
5. GLOBAL PAM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL PLM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY POWER PLANT TYPE, 2020-2027 ($ MILLION)
8. GLOBAL COALPLANT CONTROL SYSTEM RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL HYDRO ELECTRIC PLANT CONTROL SYSTEM RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL NATURAL GAS PLANT CONTROL SYSTEM RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL NUCLEAR PLANT CONTROL SYSTEM RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL RENEWABLE PLANT CONTROL SYSTEM RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
14. NORTH AMERICAN POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
15. NORTH AMERICAN POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2020-2027 ($ MILLION)
16. NORTH AMERICAN POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY POWER PLANT TYPE, 2020-2027 ($ MILLION)
17. EUROPEAN POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
18. EUROPEAN POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2020-2027 ($ MILLION)
19. EUROPEAN POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY POWER PLANT TYPE, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY POWER PLANT TYPE, 2020-2027 ($ MILLION)
23. REST OF THE WORLD POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY SOLUTION, 2020-2027 ($ MILLION)
24. REST OF THE WORLD POWER PLANT CONTROL SYSTEM MARKET RESEARCH AND ANALYSIS BY POWER PLANT TYPE, 2020-2027 ($ MILLION)
1. GLOBAL POWER PLANT CONTROL SYSTEM MARKET SHARE BY SOLUTION, 2020 VS 2027 (%)
2. GLOBAL POWER PLANT CONTROL SYSTEM MARKET SHARE BY POWER PLANT TYPE, 2020 VS 2027 (%)
3. GLOBAL POWER PLANT CONTROL SYSTEM MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
4. US POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
5. CANADA POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
6. UK POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
7. FRANCE POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
8. GERMANY POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
9. ITALY POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
10. SPAIN POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
11. REST OF EUROPE POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
12. INDIA POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
13. CHINA POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
14. JAPAN POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
15. REST OF ASIA-PACIFIC POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
16. REST OF THE WORLD POWER PLANT CONTROL SYSTEM MARKET SIZE, 2020-2027 ($ MILLION)
