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2022
Automation In Combined Heat And Power Market

Automation in Combined Heat and Power Market by Component (Sensors, Controllers, Switches & Relays, Drives, and Others), Control and Safety System (Distributed Control System, Supervisory Control & Data Acquisition System, Systems Instrumented Systems, Programmable Logic Controller, and Human Machine Interface): Global Opportunity Analysis and Industry Forecast, 2021–2030

A15612
Pages: 240
Jan 2022 | 661 Views
   
Author(s) : N N Kundan , Vineet Kumar
Tables: 100
Charts: 87
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Automation in Combined Heat and Power Market Outlook – 2030

The global automation in combined heat and power market size was valued at $12.53 billion in 2020, and is projected to reach $24.12 billion by 2030, registering a CAGR of 7.1% from 2021 to 2030. Automation in combined heat and power helps industries in safety system, steam network optimization and district heating network optimization solutions, among others. It is also used to increase the efficiency of plant and required less man power compare to traditional one. Automation provides power plants with real-time data regarding emission levels, predict the flue gas emissions, and helps to react proactively to potential problems in time.Growth of the global automation in combined heat and power market is anticipated to be driven by factors such as emphasis on industrial automation & optimum utilization of resources, and adoption of emerging technologies such as IoT and AI in industrial environments. In addition, emergence of the concept of connected enterprises boosts the overall market growth. However, lack of awareness among small scale industries acts as a major restraint for the global automation in combined heat and power industry. On the contrary, surge in demand from Asia-Pacific region is expected to create lucrative opportunities for the automation in combined heat and power market.

Segment Overview

The global automation in combined heat and power market is segmented on the basis of component, control and safety system, and region. By component, the market is classified into sensors, controllers, switches & relays, drives, and others. Depending on control and safety system, the market is categorized into distributed control system, supervisory control & data acquisition system, systems instrumented systems, programmable logic controller, and human machine interface.

Automation-In-Combined-Heat-and-Power-Market

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Region wise, the automation in combined heat and power market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Europe dominated the automation in combined heat and power market in 2020, and is projected to register significant growth rate during the forecast period, owing to growth of the commercial sector. However, Asia-Pacific is expected to witness significant growth by the end of the forecast period, followed by LAMEA.   

Leading automation in combined heat and power market manufacturers such as Honeywell International Inc., Mitsubishi Electric Corporation, and Rockwell Automation are focusing on their investments on technologically advanced, cost-effective, and more secure products and solutions for various applications.

Automation in Combined Heat and Power Market
By Component

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Sensors segment is expected to secure leading position during forecast period.

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Top Impacting Factors

The prominent factors that impact the automation in combined heat and power market growth include surge in adoption of industry 4.0 and enabling technologies industries, and government initiatives and supportive policies. However, high initial investment cost of automation restricts the market growth. On the contrary, increased demand for safety compliance automation solutions and high demand from Asia-Pacific region are expected to create lucrative opportunities for the market.

Competitive Analysis

Competitive analysis and profiles of the major automation in combined heat and power market players such as ABB Ltd, Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corporation, Omron Corporation, Rockwell Automation, Inc., Schneider Electric S.E., Siemens AG, Valmet, and Yokogawa Electric Corporation have been covered in the report. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration, to enhance their market penetration.

Automation in Combined Heat and Power Market
By Control and Safety System

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Supervisory Control and Data Acquisition System (Scada) segment is projected as one of the most lucrative segments.

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Covid-19 Impact Analysis

The outbreak of COVID-19 has significantly affected the electronics and semiconductor sector. Business and manufacturing units across various countries were closed, owing to increase in number of COVID-19 cases, and are expected to remain closed in first quarter of 2022. Furthermore, partial or complete lockdown has disrupted global supply chain posing challenges for manufactures to reach customers.

The COVID-19 pandemic is impacting the society and overall economy across the globe. The impact of this outbreak is growing day-by-day as well as affecting the overall business globally. The crisis is creating uncertainty in the stock market and is resulting in falling business confidence, massive slowing of supply chain, and increasing panic among customers.

Asian and European countries under lockdowns have suffered major loss of business and revenue, owing to shutdown of manufacturing units. Operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease, which further impacted growth of the Automation in Combined Heat and Power market.

In addition, the COVID-19 pandemic has impacted the electronics sector as production facilities have stalled, which, in turn, boost demand for electronics and semiconductor products in these industries. Its major impact includes a large manufacturing interruption across Europe and interruption in Chinese parts exports, which hinder the automation in combined heat and power market opportunity. 

Automation in Combined Heat and Power Market
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 9.3% during 2021-2030

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Key Benefits For Stakeholders

  • his study comprises analytical depiction of the global automation in combined heat and power market size along with current trends and future estimations to depict imminent investment pockets.
  • The overall automation in combined heat and power market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current automation in combined heat and power market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency. 
  • Porter’s five forces analysis illustrates the potency of the buyers and the Automation in combined heat and power market share of key vendors.
  • The report includes the market trends and the market share of key vendors.

Key Market Segments

  • BY COMPONENT
    • Sensors
    • Controllers
    • Switches & Relays
    • Drives
    • Others
  • BY CONTROL AND SAFETY SYSTEM
    • Distributed Control System (DCS)
    • Supervisory control & data acquisition system (SCADA)
    • Systems instrumented systems (SIS)
    • Programmable Logic Controller (PLC)
    • Human machine interface (HMI)
  • BY REGION
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • U.K.
      • Germany
      • France
      • Russia
      • Rest of Europe
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Rest of Asia-Pacific
    • LAMEA
      • Latin America
      • Middle East
      • Africa


Key Market Players

  • ABB
  • EMERSON ELECTRIC CO.
  • HONEYWELL INTERNATIONAL INC
  • MITSUBISHI ELECTRIC CORPORATION
  • OMRON CORPORATION
  • ROCKWELL AUTOMATION, INC
  • SCHNEIDER ELECTRIC
  • SIEMENS AG
  • VALMET
  • YOKOGAWA ELECTRIC CORPORATION
 

CHAPTER 1:INTRODUCTION

1.1.Report description 
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter’s five forces analysis
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Government Initiatives and Supportive Policies
3.3.1.2.Surge in adoption of industry 4.0 and enabling technologies industries

3.3.2.Restraint

3.3.2.1.High initial investment

3.3.3.Opportunities

3.3.3.1.Increased demand for safety compliance automation solutions

3.4.COVID-19 impact analysis

3.4.1.COVID-19 outbreak
3.4.2.Impact on market size
3.4.3.Parent industry impact
3.4.4.Key player strategies to tackle negative impact

3.4.4.1.Limiting cuts to R&D expense
3.4.4.2.Focusing on next-generation products
3.4.4.3.Shift toward agile supply chain model

3.4.5.Opportunity window

CHAPTER 4:AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT

4.1.Overview
4.2.Sensors

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Controllers

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

4.4.Switches & Relays

4.4.1.Key market trends, growth factors, and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis, by country

4.5.Drives

4.5.1.Key market trends, growth factors, and opportunities
4.5.2.Market size and forecast, by region
4.5.3.Market analysis, by country

4.6.Others

4.6.1.Key market trends, growth factors, and opportunities
4.6.2.Market size and forecast, by region
4.6.3.Market analysis, by country

CHAPTER 5:AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM

5.1.Overview
5.2.Distributed Control System (DCS)

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Supervisory control & data acquisition system (SCADA)

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Systems instrumented systems (SIS)

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Programmable Logic Controller (PLC)

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

5.6.Human machine interface (HMI)

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis, by country

CHAPTER 6:AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY REGION

6.1.Overview
6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by Component
6.2.3.Market size and forecast, by Control and safety system
6.2.4.Market analysis, by country

6.2.4.1.U.S.

6.2.4.1.1.Market size and forecast, by Component
6.2.4.1.2.Market size and forecast, by Control and safety system

6.2.4.2.Canada

6.2.4.2.1.Market size and forecast, by Component
6.2.4.2.2.Market size and forecast, by Control and safety system

6.2.4.3.Mexico

6.2.4.3.1.Market size and forecast, by Component
6.2.4.3.2.Market size and forecast, by Control and safety system

6.3.Europe

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by Component
6.3.3.Market size and forecast, by Control and safety system
6.3.4.Market analysis, by country

6.3.4.1.U.K.

6.3.4.1.1.Market size and forecast, by Component
6.3.4.1.2.Market size and forecast, by Control and safety system

6.3.4.2.Germany

6.3.4.2.1.Market size and forecast, by Component
6.3.4.2.2.Market size and forecast, by Control and safety system

6.3.4.3.France

6.3.4.3.1.Market size and forecast, by Component
6.3.4.3.2.Market size and forecast, by Control and safety system

6.3.4.4.Russia

6.3.4.4.1.Market size and forecast, by Component
6.3.4.4.2.Market size and forecast, by Control and safety system

6.3.4.5.Rest of Europe

6.3.4.5.1.Market size and forecast, by Component
6.3.4.5.2.Market size and forecast, by Control and safety system

6.4.Asia-Pacific

6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by Component
6.4.3.Market size and forecast, by Control and safety system
6.4.4.Market analysis, by country

6.4.4.1.China

6.4.4.1.1.Market size and forecast, by Component
6.4.4.1.2.Market size and forecast, by Control and safety system

6.4.4.2.Japan

6.4.4.2.1.Market size and forecast, by Component
6.4.4.2.2.Market size and forecast, by Control and safety system

6.4.4.3.India

6.4.4.3.1.Market size and forecast, by Component
6.4.4.3.2.Market size and forecast, by Control and safety system

6.4.4.4.South Korea

6.4.4.4.1.Market size and forecast, by Component
6.4.4.4.2.Market size and forecast, by Control and safety system

6.4.4.5.Rest of Asia-Pacific

6.4.4.5.1.Market size and forecast, by Component
6.4.4.5.2.Market size and forecast, by Control and safety system

6.5.LAMEA

6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by Component
6.5.3.Market size and forecast, by Control and safety system
6.5.4.Market analysis, by country

6.5.4.1.Latin America

6.5.4.1.1.Market size and forecast, by Component
6.5.4.1.2.Market size and forecast, by Control and safety system

6.5.4.2.Middle East

6.5.4.2.1.Market size and forecast, by Component
6.5.4.2.2.Market size and forecast, by Control and safety system

6.5.4.3.Africa

6.5.4.3.1.Market size and forecast, by Component
6.5.4.3.2.Market size and forecast, by Control and safety system

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.Introduction

7.1.1.Market Player Positioning, 2021

7.2.Product Mapping of Top 10 Player
7.3.Competitive Dashboard
7.4.Competitive Heatmap

CHAPTER 8:COMPANY PROFILES

8.1.ABB

8.1.1.Company overview
8.1.2.Key executives
8.1.3.Company snapshot
8.1.4.Operating business segments
8.1.5.Product portfolio
8.1.6.R&D expenditure
8.1.7.Business performance
8.1.8.Key strategic moves and developments

8.2.EMERSON ELECTRIC CO.

8.2.1.Company overview
8.2.2.Key Executives
8.2.3.Company snapshot
8.2.4.Operating business segments
8.2.5.Product portfolio
8.2.6.R&D Expenditure
8.2.7.Business performance
8.2.8.Key strategic moves and developments

8.3.HONEYWELL INTERNATIONAL INC.

8.3.1.Company overview
8.3.2.Key executives
8.3.3.Company snapshot
8.3.4.Operating business segments
8.3.5.Product portfolio
8.3.6.R&D expenditure
8.3.7.Business performance
8.3.8.Key strategic moves and developments

8.4.MITSUBISHI ELECTRIC CORPORATION

8.4.1.Company overview
8.4.2.Key Executives
8.4.3.Company snapshot
8.4.4.Operating business segments
8.4.5.Product portfolio
8.4.6.R&D Expenditure
8.4.7.Business performance
8.4.8.Key strategic moves and developments

8.5.OMRON CORPORATION

8.5.1.Company overview
8.5.2.Key Executives
8.5.3.Company snapshot
8.5.4.Operating business segments
8.5.5.Product portfolio
8.5.6.R&D Expenditure
8.5.7.Business performance
8.5.8.Key strategic moves and developments

8.6.ROCKWELL AUTOMATION, INC.

8.6.1.Company overview
8.6.2.Key Executives
8.6.3.Company snapshot
8.6.4.Operating business segments
8.6.5.Product portfolio
8.6.6.R&D Expenditure
8.6.7.Business performance
8.6.8.Key strategic moves and developments

8.7.SCHNEIDER ELECTRIC

8.7.1.Company overview
8.7.2.Key executives
8.7.3.Company snapshot
8.7.4.Operating business segments
8.7.5.Product portfolio
8.7.6.R&D expenditure
8.7.7.Business performance
8.7.8.Key strategic moves and developments

8.8.SIEMENS AG

8.8.1.Company overview
8.8.2.Key executives
8.8.3.Company snapshot
8.8.4.Operating business segments
8.8.5.Product portfolio
8.8.6.R&D expenditure
8.8.7.Business performance
8.8.8.Key strategic moves and developments

8.9.VALMET

8.9.1.Company overview
8.9.2.Key executives
8.9.3.Company snapshot
8.9.4.Operating business segments
8.9.5.Product portfolio
8.9.6.R&D expenditure
8.9.7.Business performance
8.9.8.Key strategic moves and developments

8.10.YOKOGAWA ELECTRIC CORPORATION

8.10.1.Company overview
8.10.2.Key Executives
8.10.3.Company snapshot
8.10.4.Operating business segments
8.10.5.Product portfolio
8.10.6.R&D Expenditure
8.10.7.Business performance
8.10.8.Key strategic moves and developments

LIST OF TABLES

TABLE 01.GLOBAL AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT, 2020-2030 ($MILLION)
TABLE 02.AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR SENSORS, BY REGION, 2020–2030 ($MILLION)
TABLE 03.AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR CONTROLLERS, BY REGION 2020–2030($MILLION)
TABLE 04.AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR SWITCHES & RELAYS, BY REGION 2020–2030($MILLION)
TABLE 05.AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR DRIVES, BY REGION 2020–2030($MILLION)
TABLE 06.AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR OTHERS, BY REGION 2020–2030($MILLION)
TABLE 07.GLOBAL AUTOMATION IN COMBINED HEAT AND POWER MARKET REVENUE, BY CONTROL AND SAFETY SYSTEM, 2020-2030 ($MILLION)
TABLE 08.AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR DISTRIBUTED CONTROL SYSTEM (DCS), BY REGION 2020–2030 ($MILLION)
TABLE 09.AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR SUPERVISORY CONTROL & DATA ACQUISITION SYSTEM (SCADA), BY REGION 2020–2030($MILLION)
TABLE 10.AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR SYSTEMS INSTRUMENTED SYSTEMS (SIS), BY REGION 2020–2030($MILLION)
TABLE 11.AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR PROGRAMMABLE LOGIC CONTROLLER (PLC), BY REGION 2020–2030($MILLION)
TABLE 12.AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR HUMAN MACHINE INTERFACE (HMI), BY REGION 2020–2030($MILLION)
TABLE 13.NORTH AMERICA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 14.NORTH AMERICA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 15.U.S. AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 16.U.S. AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 17.CANADA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 18.CANADA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 19.MEXICO AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 20.MEXICO AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 21.EUROPE AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 22.EUROPE AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 23.U.K. AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 24.U.K. AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 25.GERMANY AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 26.GERMANY AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 27.FRANCE AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 28.FRANCE AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 29.RUSSIA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 30.RUSSIA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 31.REST OF EUROPE AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 32.REST OF EUROPE AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 33.ASIA-PACIFIC AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT2020-2030($MILLION)
TABLE 34.ASIA-PACIFIC AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 35.CHINA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 36.CHINA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 37.JAPAN AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 38.JAPAN AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 39.INDIA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 40.INDIA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 41.SOUTH KOREA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 42.SOUTH KOREA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 43.REST OF ASIA-PACIFIC AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 44.REST OF ASIA-PACIFIC AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 45.LAMEA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT2020-2030($MILLION)
TABLE 46.LAMEA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 47.LATIN AMERICA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 48.LATIN AMERICA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 49.MIDDLE EAST AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 50.MIDDLE EAST AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 51.AFRICA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT 2020-2030($MILLION)
TABLE 52.AFRICA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM 2020-2030($MILLION)
TABLE 53.ABB:KEY EXECUTIVES
TABLE 54.ABB: COMPANY SNAPSHOT
TABLE 55.ABB: OPERATING SEGMENTS
TABLE 56.ABB: PRODUCT PORTFOLIO
TABLE 57.ABB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 58.EMERSON ELECTRIC CO.:KEY EXECUTIVES
TABLE 59.EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
TABLE 60.EMERSON ELECTRIC CO.: OPERATING SEGMENTS
TABLE 61.EMERSON ELECTRIC CO.: PRODUCT PORTFOLIO
TABLE 62.EMERSON ELECTRIC CO.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 63.HONEYWELL INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 64.HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 65.HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 66.HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 67.HONEYWELL INTERNATIONAL INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 68.MITSUBISHI:KEY EXECUTIVES
TABLE 69.MITSUBISHI: COMPANY SNAPSHOT
TABLE 70.MITSUBISHI: OPERATING SEGMENTS
TABLE 71.MITSUBISHI: PRODUCT PORTFOLIO
TABLE 72.MITSUBISHI: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 73.OMRON CORPORATION:KEY EXECUTIVES
TABLE 74.OMRON CORPORATION: COMPANY SNAPSHOT
TABLE 75.OMRON CORPORATION: OPERATING SEGMENTS
TABLE 76.OMRON CORPORATION: PRODUCT PORTFOLIO
TABLE 77.OMRON CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 78.ROCKWELL AUTOMATION, INC.:KEY EXECUTIVES
TABLE 79.ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT
TABLE 80.ROCKWELL AUTOMATION, INC.: OPERATING SEGMENTS
TABLE 81.ROCKWELL AUTOMATION, INC.: PRODUCT PORTFOLIO
TABLE 82.ROCKWELL AUTOMATION, INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 83.SCHNEIDER ELECTRIC: KEY EXECUTIVES
TABLE 84.SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
TABLE 85.SCHNEIDER ELECTRIC: OPERATING SEGMENTS
TABLE 86.SCHNEIDER ELECTRIC: PRODUCT PORTFOLIO
TABLE 87.SIEMENS AG: KEY EXECUTIVES
TABLE 88.SIEMENS AG: COMPANY SNAPSHOT
TABLE 89.SIEMENS AG: OPERATING SEGMENTS
TABLE 90.SIEMENS AG: PRODUCT PORTFOLIO
TABLE 91.VALMET: KEY EXECUTIVES
TABLE 92.VALMET: COMPANY SNAPSHOT
TABLE 93.VALMET: OPERATING SEGMENTS
TABLE 94.VALMET: PRODUCT PORTFOLIO
TABLE 95.VALMET: KEY STRATEGIC MOVES AND DEVELOPMENTS:
TABLE 96.YOKOGAWA ELECTRIC CORPORATION: KEY EXECUTIVES
TABLE 97.YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT
TABLE 98.YOKOGAWA ELECTRIC CORPORATION: OPERATING SEGMENTS
TABLE 99.YOKOGAWA ELECTRIC CORPORATION: PRODUCT PORTFOLIO
TABLE 100.YOKOGAWA ELECTRIC CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 07.MODERATE THREAT OF NEW ENTRANTS
FIGURE 08.MODERATE THREAT OF SUBSTITUTES
FIGURE 09.MODERATE INTENSITY OF RIVALRY
FIGURE 10.MODERATE BARGAINING POWER OF BUYERS
FIGURE 11.GLOBAL AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COMPONENT, 2020-2030
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR SENSORS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR CONTROLLERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 14.COMPARATIVE SHARE ANALYSIS OF AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR SWITCHES & RELAYS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR DRIVES, BY COUNTRY, 2020 & 2030 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR OTHERS, BY COUNTRY, 2020 & 2030 (%)
FIGURE 17.GLOBAL AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY CONTROL AND SAFETY SYSTEM, 2020-2030
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR DISTRIBUTED CONTROL SYSTEM (DCS), BY COUNTRY, 2020 & 2030 (%)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR SUPERVISORY CONTROL & DATA ACQUISITION SYSTEM (SCADA), BY COUNTRY, 2020 & 2030 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR SYSTEMS INSTRUMENTED SYSTEMS (SIS), BY COUNTRY, 2020 & 2030 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR PROGRAMMABLE LOGIC CONTROLLER (PLC), BY COUNTRY, 2020 & 2030 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF AUTOMATION IN COMBINED HEAT AND POWER MARKET FOR HUMAN MACHINE INTERFACE (HMI), BY COUNTRY, 2020 & 2030 (%)
FIGURE 23.GLOBAL AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY REGION, 2020-2030
FIGURE 24.NORTH AMERICA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COUNTRY, 2020-2030
FIGURE 25.U.S. AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 26.CANADA AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 27.MEXICO AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 28.EUROPE AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COUNTRY, 2020-2030
FIGURE 29.U.K. AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 30.GERMANY AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 31.FRANCE AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 32.RUSSIA AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 33.REST OF EUROPE AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 34.ASIA-PACIFIC AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COUNTRY, 2020-2030
FIGURE 35.CHINA AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 36.JAPAN AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 37.INDIA AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 38.SOUTH KOREA AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 39.REST OF ASIA-PACIFIC AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 40.LAMEA AUTOMATION IN COMBINED HEAT AND POWER MARKET, BY COUNTRY, 2020-2030
FIGURE 41.LATIN AMERICA AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 42.MIDDLE EAST AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 43.AFRICA AUTOMATION IN COMBINED HEAT AND POWER MARKET, 2020-2030 ($MILLION)
FIGURE 44.MARKET PLAYER POSITIONING, 2021
FIGURE 45.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 46.COMPETITIVE DASHBOARD
FIGURE 47.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 48.ABB: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 49.ABB: REVENUE, 2018–2020 ($MILLION)
FIGURE 50.ABB: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 51.ABB: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 52.EMERSON ELECTRIC CO.: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 53.EMERSON ELECTRIC CO.: REVENUE, 2018–2020 ($MILLION)
FIGURE 54.EMERSON ELECTRIC CO.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 55.EMERSON ELECTRIC CO.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 56.R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 57.HONEYWELL INTERNATIONAL INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 58.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 59.HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 60.MITSUBISHI: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 61.MITSUBISHI: NET SALES, 2018–2020 ($MILLION)
FIGURE 62.MITSUBISHI: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 63.MITSUBISHI: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 64.OMRON CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 65.OMRON CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 66.OMRON CORPORATION: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 67.OMRON CORPORATION: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 68.ROCKWELL AUTOMATION, INC: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 69.ROCKWELL AUTOMATION, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 70.ROCKWELL AUTOMATION, INC.: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 71.ROCKWELL AUTOMATION, INC.: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 72.SCHNEIDER ELECTRIC, 2018–2020 ($MILLION)
FIGURE 73.SCHNEIDER ELECTRIC: REVENUE, 2018–2020 ($MILLION)
FIGURE 74.SCHNEIDER ELECTRIC: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 75.SCHNEIDER ELECTRIC: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 76.SIEMENS AG: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 77.SIEMENS AG: REVENUE, 2018–2020 ($MILLION)
FIGURE 78.SIEMENS AG: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 79.SIEMENS AG: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 80.VALMET: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 81.VALMET: REVENUE, 2018–2020 ($MILLION)
FIGURE 82.VALMET: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 83.VALMET: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 84.YOKOGAWA ELECTRIC CORPORATION: R&D EXPENDITURE, 2018–2020 ($MILLION)
FIGURE 85.YOKOGAWA ELECTRIC CORPORATION: REVENUE, 2018–2020 ($MILLION)
FIGURE 86.YOKOGAWA ELECTRIC CORPORATION: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 87.YOKOGAWA ELECTRIC CORPORATION: REVENUE SHARE, BY REGION, 2020 (%)


 
 

The global automation in combined heat and power market is flourishing at a rapid pace. However, high initial investment is still a concern for new entrants. Market players are generously investing in R&D activities to develop improved solutions to reduce overall costs of automated combined heat and power systems. In addition, according to industry experts, it is essential to optimize affordable prices for automation in combined heat and power products for long-term growth.   

Growth of the global automation in combined heat and power market is anticipated to be driven by factors such as emphasis on industrial automation & optimum utilization of resources, and adoption of emerging technologies such as IoT and AI in industrial environments. In addition, emergence of the concept of connected enterprises boosts the overall market growth. However, lack of awareness among small scale industries acts as a major restraint for the global automation in combined heat and power industry. On the contrary, surge in demand from Asia-Pacific region is expected to create lucrative opportunities for the automation in combined heat and power market.

Key players of the market focus on introducing technologically advanced products to remain competitive in the market. Collaboration, and product launches are expected to be the prominent strategies adopted by the market players. Europe accounted for a major share of the market in 2020, owing to the presence of major players in the region; however, Asia-Pacific is expected to grow at the highest CAGR, owing to rise in adoption of automation in combined heat and power in a variety of fields.

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A. The automation in combined heat and power market is estimated to grow at a CAGR of 7.1% from 2021 to 2030.

A. The automation in combined heat and power market is projected to reach $24.12 billion by 2030.

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A. Emphasis on industrial automation & optimum utilization of resources, and adoption of emerging technologies such as IoT and AI in industrial environments.

A. The key players profiled in the report include ABB Ltd, Emerson Electric Co., Honeywell International Inc., Mitsubishi Electric Corporation, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Automation in combined heat and power market is segmented on the basis of component, control and safety system, and region.

A. The key growth strategies of Automation in combined heat and power market players include product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaboration.

A. Sensors segment would grow at a highest CAGR of 8.8% during the forecast period.

A. Asia-Pacific region will dominate the market by the end of 2030.

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