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2021
Power Plant Control System Market

Power Plant Control System Market

by Component (Hardware, Software, and Services), Plant Type (Coal, Oil, Natural Gas, Nuclear, Hydroelectric, Renewables, and Others), Application (Boiler & Auxiliaries Control, Generator Excitation & Electrical Control, Turbine & Auxiliaries Control System, and Others), Solution (Supervisory Control & Data Acquisition (SCADA), Plant Asset Management (PAM), Distributed Control System (DCS), Programmable Logic Controller (PLC), and Plant Lifecycle Management (PLM)): Global Opportunity Analysis and Industry Forecast 2021-2030

Report Code: A14518
Pages: 342
Nov 2021 | 2256 Views
Author(s) : Ujjwal T , Eswara P
Tables: 179
Charts: 88
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Global Power Plant Control System Market Outlook - 2021-2030

The global power plant control system market size was valued at $7.3 billion in 2020, and is projected to reach $10.4 billion by 2030, growing at a CAGR of 3.6% from 2021 to 2030. Power Plant Control system controls individual inverters to maintain specified active power, reactive power, voltage, power factor, and frequency at the point of interconnection (POI). Most of the grid codes across the globe mandate the use of power plant control system for any renewable plant over 10 MW in capacity. Furthermore, power plant control system controls, monitors, and regulates the plant to prevent the risk factor & accidents. Furthermore, rise in the electric dependency has led to boost the demand for power plant control system and offer significant opportunities for the market growth.

The COVID-19 pandemic has negatively impacted the Global Power Plant Control System Market. The automotive, glass and gas industry has been negatively impacted by the lock down imposed due to the COVID-19 outbreak. This has further declined the power plant control system demand due to disrupted supply chain.

Urbanization has resulted in the increased demand for electricity which further increased demand for controllers across the globe. Furthermore, power plant control systems such as motor, valves, SCADA, DCS, and many others can be used in many other manufacturing industries such as glass manufacturing. Rapid expansion of industrialization also led to increase in the demand power plant control system software and may act as the major driving factor for the market. Moreover, infrastructural development has led to an increase in the construction of hydropower plants, nuclear plants, and other. This increased the demand for power plant control system.

Power-Plant-Control-System-Market-2021-2030

The power plant control system market is segmented on the basis of component, plant type, application, solution, and region.

On the basis of component, the market is categorized into hardware, software and services. On the basis of plant type, it is divided into coal, oil, natural gas, nuclear, hydroelectric, renewables and others. On the basis of application, it is categorized into boiler & auxiliaries’ control, generator excitation & electrical control, turbine & auxiliaries control system and others). On the basis of solution, it is categorized into supervisory control & data acquisition, plant asset management, distributed control system, programmable logic controller, and plant lifecycle management. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.  

The major players operating in the global power plant control system market focused on new acquisitions and partnerships. Some of the major companies profiled in this report are ABB, Emerson, Endress+Hauser, General Electric, Hitachi, Mitsubishi Electric, Omron, Rockwell, Schneider Electric, and Siemens.

Global Power Plant Control System Market, By Region

Asia-Pacific dominates the global power plant control system market. Asia-Pacific accounted largest share in the market with predominance in the power grids and power plants in the region. Power plant control systems are highly used in power grids, hydropower plants, nuclear plants, and coal power plants.

Power Plant Control System Market
By Region

2030
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2020

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Global Power Plant Control System Market, By Component

Hardware segment dominates the global power plant control system market. Hardware in the power plant control system plays a vital role to sustain the power. Hardware includes valves, turbine controllers, steam turbine controllers, APC, SQC, boilers, cooling towers, and others. These are used to control the power to minimize the losses and will increase the overall quality.

Power Plant Control System Market
By Component

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Hardware segment is projected as the most lucrative segment.

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Global Power Plant Control System Market, By Solution

Distributed Control System (DCS) dominates the global power plant control system market DCS is a system of sensors, controllers, and associated computers that are distributed throughout a plant. Each of these elements serves a unique purpose of data acquisition, process control, as well as data storage and graphical display. These individual elements communicate with a centralized computer through the plant’s local area network – often referred to as a control network.

Power Plant Control System Market
By Solution

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Distributed Control System (DCS) segment is projected as the most lucrative segment.

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Global Power Plant Control System Market, By Application

Turbine & auxiliaries control system segment dominates the global power plant control system market. Rise in the water infrastructural development led to increase in the dams and reservoir house which tend to increase the demand for turbine & auxiliaries control system and drive the power plant control system market growth. Furthermore, the rise in the electric demand also leads to increase in wind mills which tend to surge the demand for turbine & auxiliaries control systems and may create lucrative opportunities for the market.

Power Plant Control System Market
By Application

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Turbine & Auxiliaries Control System segment is projected as the most lucrative segment.

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Global Power Plant Control System Market, By Plant Type

Coal segment dominates the global power plant control system market. Coal-fired power plants burn coal to make steam and the steam turns turbines (machines for generating rotary mechanical power) to generate electricity. Many industries and businesses have their power plants, and some use coal to generate electricity for their use and mostly in combined heat and power plants. In addition, coal-fired power plants play a vital role in the power plant control system market since power plant control system is heavily used in monitoring and controlling turbines and generators in coal-fired power plant.

Power Plant Control System Market
By Plant Type

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Coal segment is projected as the most lucrative segment.

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COVID-19 analysis:

COVID-19 has impacted various industries due to shut down of different industrial operations and disrupted supply chain. Maximum companies halted their operation due to less workforce. Furthermore, import and export activities were significantly impacted, which, hampered the industries that used power plant control system and as a result affected the power plant control system market. The automotive, glass and gas industry has been negatively impacted by the lockdown imposed due to the COVID-19 outbreak. This has further declined the power plant control system demand due to disrupted supply chain.

Key benefits for stakeholders

  • This report provides a detailed quantitative analysis of the current global power plant control system market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities. 
  • An in-depth global power plant control system market analysis of various countries in this region is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the global power plant control system market is provided.
  • Europe region-wise and country-wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value and volume.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global power plant control system industry market.

Power Plant Control System Market Report Highlights

Aspects Details
By Component
  • Hardware
  • Software
  • Services
By Solution
  • Supervisory Control & Data Acquisition (SCADA)
  • Plant Asset Management (PAM)
  • Distributed Control System (DCS)
  • Programmable Logic Controller (PLC)
  • Plant Lifecycle Management (PLM)
By Application
  • Boiler & Auxiliaries Control
  • Generator Excitation & Electrical Control
  • Turbine & Auxiliaries Control System
  • Others
By Plant Type
  • Coal
  • Oil
  • Natural Gas
  • Nuclear
  • Hydroelectric
  • Renewables
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia Pacific)
  • LAMEA  (Brazil, South Africa, .Saudi Arabia, Rest of LAMEA)
Key Market Players ABB, Emerson, Endress+Hauser, General Electric, Hitachi, Mitsubishi Electric, Omron, Rockwell, Schneider Electric, Siemens
 

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The power plant control system market has registered a dynamic growth over the past few years, owing to rapid expansion in industries, such as power, energy, and oil & gas in developing countries such as India, China, Japan, and others. Moreover, power plant control systems are widely used to control and monitor the plant as well as detect leakage. Moreover, power plant control systems are mainly used in regulating and monitoring application, which is extensively used in energy & power. Furthermore, power plant control systems are also used in the oil & gas sector, which are extensively used in gas processing plants. Furthermore, software such as SCADA, DCS are also used in CNG & automotive industry to detect leakage, and monitor the car assembling plant and the rise in CNG car industry acts as the major driving factor for the market. Moreover, stringent environmental regulations might enhance the demand for CNG cars, which boosts the power plant control systems market. Lower carbon emission regulations, such as P2 law (by U.S. EPA), Air act 1981, and Environment Act 1986 (by the Indian government), are anticipated to reduce pollution, which will increase the demand for electric cars and could create wide opportunities for the market.

Universally, the properties of a power plant control system can be used for different purposes such as gas processing plants, and refineries. Furthermore, oil & gas is known as the major lifeline of an economy, and the rise in the oil & gas industry led to increase the demand for power plant control system and may act as the major driving factor for the market growth. Moreover, rise in refineries, sugar mills, and gas processing plants also led to increase in the demand for SCADA, DCS, and others and may act as the major growth factor for the market. Furthermore, a power plant control system is used for heavy industries which use oil & gas to control, monitor, and detect leakage. The surge in heavy industries acts as the major driving factor for the market.

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FREQUENTLY ASKED QUESTIONS?

A. New product launch in order to attract end users is the key growth strategy of Power plant control system Market players

A. Asia-Pacific will provide more business opportunities for Power plant control system in future

A. To get latest version of Power plant control system market report can be obtained on demand from the website.

A. Distributed Control System (DCS) segment holds the maximum share of the Power plant control system Market

A. Power plants, Power grids, Oil & gas refineries, telecom, healthcare, energy and utilities providers are the potential customers of Power plant control system industry

A. The top ten market players are selected based on two key attributes - competitive strength and market positioning

A. ABB, Emerson Electric Co., Endress+Hauser Group Services AG, General Electric, Hitachi limited, Mitsubishi Electric Corporation, OMRON Corporation, Rockwell Automation, Inc., Schneider Electric and Siemens

A. Increase in urbanization & industrialization and growing use of oil & gas related products led to increase in gas processing plants and refineries which in turn to increase the demand of power plant control system and act as the driving factor for the market and expansion of gas infrastructure & utilization of gas may create wide opportunities in the power plant control system market.

A. Increase in demand for electricity is the current trend expected to influence the Power plant control system Market in the next few years

A. Power plants, Power grids, Oil & gas refineries, telecom, healthcare, energy and utilities are key applications expected to drive the adoption of Power plant control system

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