Bharat Book

Global Power Plant Control System Market : Industry Key Growth Factor Analysis & Research Study 2017

Press Release   •   Jan 22, 2018 13:53 IST

Bharat Book Bureau Provides the Trending Market Research Report on Global Power Plant Control System Market Forecast 2017 to 2022 under Energy & Utility category. The report provides information on industry overview, market size, latest developments, industry trends, Key players, global presence, and their future prospects.

The Power Plant Control System Market is projected to grow at a CAGR of 5.78%, from 2017 to 2022

The global power plant control system market is estimated at USD 4.70 billion in 2017 and is projected to grow at a CAGR of 5.78% to reach USD 6.22 billion by 2022. The global market is set to witness a significant growth due to increasing emphasis on alternative energy production across the globe, increase in the buoyant power sector and augmented power generation capacities worldwide, and government initiatives toward the adoption of industrial automation. Although some cost bearing constraints in the installation of power plant control systems are being observed, still emerging economies are expected to create better opportunities for the power plant control system market. Lack of standardization of protocols, lack of skilled personnel, and automated cyber threats are expected to be the major challenges for the growth of the power plant control system market.

Request a free sample copy of Power Plant Control System Market Report @
https://www.bharatbook.com/request-sample/985091

The DCS segment is expected to have the largest market share by 2022

With regard to the solution segment, the Distributed Control System (DCS) segment is expected to constitute the largest market by 2022. Some of the application areas of DCS are in the boiler controls, turbine governing, generator excitation and cooling, and balance of plant control, among others. It is majorly used in large-scale power plants where manual control gets difficult due to plant size and simultaneous operations of simultaneous processes. The increasing capacity of coal-based thermal power plants in Asia Pacific, global capacity of nuclear power plants, and large hydroelectric plants in South America is driving the market for DCS in the power plant control system market.

Middle East: Expected to be the fastest growing market for power plant control systems during the forecast period

The Middle East is expected to be the fastest growing market for power plant control systems from 2017 to 2022. This region is undergoing a rapid electricity infrastructure development to maintain the demand-supply balance. The United Arab Emirates, which is one of the largest revenue contributors to the region, is investing heavily in diversifying its energy mix including renewable sources. Qatar is set to host the FIFA World Cup 2022 and needs to upgrade its power infrastructure. This process of upgrade and capacity addition of power plants would create substantial opportunities for the suppliers of power plant control systems. Continued governmental investments in the economic and infrastructure growth are expected to boost the Middle Eastern power plant control system market.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:

  • By Company Type: Tier 1- 51%, Tier 2- 30%, Tier 3- 19%
    • By Designation: C–Level- 31%, Director Level- 43%, Others- 26%
    • By Region: North America-21%, Europe-27%, Asia Pacific-30%, South America-6%, Middle East-12%, and Africa-4%
  • Note: Others includes sales managers, product managers, and design engineers

    The tier of the company has been defined on the basis of its total revenue, as of 2013: Tier 1 = > USD 1 billion, Tier 2 = From USD 1 billion to USD 500 million, and Tier 3 = < USD 500 million

    Some of the prominent players in the power plant control system market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Emerson (US), Honeywell (US), and GE (US).

    Research Coverage:

    The report defines, describes, and forecasts the global power plant control system market by solution, component, application, plant type, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.

    Why buy this report?

    1. The report identifies and addresses key markets for power plant control systems, which would help suppliers review the growth in the demand for the product.
    2. The report helps solution providers understand the pulse of the market and provide insights into drivers, restraints, and challenges.
    3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.

    Browse our full report with Table of Contents :
    https://www.bharatbook.com/alternative-renewable-market-research-reports-985091/power-plant-control-system-solution-application-component-region-global-forecast.html

    About Bharat Book Bureau:
    Bharat Book Bureau is the leading market research information provider for market research reports, company profiles, industry study, country reports, business reports, newsletters and online databases. Bharat Book Bureau provides over a million reports from more than 400 publishers around the globe. We cover sectors starting from Aeronautics to Zoology.

    Contact us at:
    Bharat Book Bureau

    Tel: +91 22 27810772 / 27810773
    Email: poonam@bharatbook.com
    Website: www.bharatbook.com

    Follow us on : Twitter, Facebook, LinkedIn, Google Plus

    Bharat Book Bureau, the leading market research information aggregator provides market research reports, company profiles, country reports, newsletters, and online databases for the past twenty four years to corporate, consulting firms, academic institutions, government departments, agencies etc., globally, including India. Our market research reports help global companies to know different market before starting up business / expanding in different countries across the world.