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
By: marketsandmarkets.com
Publishing Date: January 2018
Report Code: EP 5871
The global power plant control system market was valued at USD 4.40 Billion in 2016 and is projected to reach USD 6.22 Billion by 2022, at a CAGR of 5.78% during the forecast period.
The years considered for the study are as follows:
- Base Year: 2016
- Estimated Year: 2017
- Projected Year: 2022
- Forecast Period: 20172022
The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the Study
- To define and segment the power plant control system market with respect to solution, component, application, plant type, and region
- To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the power plant control system market with respect to individual growth trends, future expansions, and contributions to the market
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To forecast the growth of the power plant control system market with respect to major regions (Asia Pacific, Europe, North America, South America, the Middle East, and Africa)
- To strategically profile key players and comprehensively analyze their market rankings and core competencies
- To analyze competitive developments, such as new product launches, mergers & acquisitions, expansions and investments, and contracts & agreements, in the power plant control system market
Research Methodology
This research study involved the use of extensive secondary sources, directories, journals on power generation technologies, and other related rental markets; newsletters and databases such as Hoovers, Bloomberg, Businessweek, and Factiva, among others, to identify and collect information useful for a technical, market-oriented, and commercial study of the global power plant control system market. The primary sources include several industry experts from the core and related industries, vendors, preferred suppliers, technology developers, alliances, and organizations related to all the segments of this industrys value chain. The research methodology has been explained below.
- Study of annual revenues and market developments of the major players providing power plant control systems
- Assessment of future trends and growth of end-users
- Assessment of the power plant control system market with respect to the solutions used for different applications at various power generation technologies
After arriving at the overall market size, the total market was split into several segments and sub-segments. The figure given below illustrates the breakdown of primary interviews conducted during the research study based on company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Major players operating in the market include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Honeywell (US), Emerson (US), and GE (US).
Target Audience:
- Banks, venture capitalists, financial institutions, and other investors
- Companies related to electric power generation
- Energy associations
- Environment associations
- Energy efficiency consultants
- Government and industry associations
- Government and research organizations
- Manufacturing industry
- Power plant project developers
- State and national regulatory authorities
Scope of the Report:
- By Solution
- Supervisory Control and Data Acquisition (SCADA)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Product Lifecycle Management (PLM)
- Plant Asset Management (PAM)
- By Component
- Hardware
- Controller
- Input Output Devices
- Workstations
- Networking Hardware
- Software
- Services
- Hardware
- By Application
- Boiler and Auxiliaries Control
- Turbine and Auxiliaries Control
- Generator Excitation and Electrical Control
- Others (Rod Control, Reactor Control, Balance of Plant Control)
- By Plant Type
- Coal
- Natural Gas
- Hydroelectric
- Nuclear
- Oil
- Renewables
- Wind
- Solar
- BioFuels
- By Region
- Asia Pacific
- North America
- Europe
- Middle East
- South America
- Africa
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Company Information
Detailed analyses and profiling of additional market players (up to five)
Table of Contents
1 Introduction (Page No. - 15)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Regional Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Limitations
2.5 Research Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the Power Plant Control System Market
4.2 Asia Pacific Power Plant Control System Market Size, By Plant Type & Country
4.3 Power Plant Control System Market, By Solution
4.4 Power Plant Control System Market, By Application
4.5 Power Plant Control System Market, By Country
5 Market Overview (Page No. - 35)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rise in Alternative Energy Programs
5.2.1.2 Buoyant Power Sector and Augmented Power Generation Capacities Worldwide
5.2.1.3 Government Initiatives Toward the Adoption of Industrial Automation
5.2.2 Restraints
5.2.2.1 High Capital Investment and Limited Re-Investment
5.2.3 Opportunities
5.2.3.1 Industry 4.0 Revolution
5.2.3.2 Increasing Demand for Safety Compliance Automation Products
5.2.3.3 Adoption of Industrial Internet of Things (IIoT) for Real-Time Decision Making
5.2.4 Challenges
5.2.4.1 Lack of Standardization of Protocols
5.2.4.2 Lack of Skilled Personnel
5.2.4.3 Automated Cyber Threats
6 Power Plant Control System Market, By Solution (Page No. - 42)
6.1 Introduction
6.2 Supervisory Control & Data Acquisition (SCADA)
6.3 Programmable Logic Controller (PLC)
6.4 Distributed Control System (DCS)
6.5 Plant Asset Management (PAM)
6.6 Plant Lifecycle Management (PLM)
7 Power Plant Control System Market, By Application (Page No. - 49)
7.1 Introduction
7.2 Boiler & Auxiliaries Control
7.3 Turbine & Auxiliaries Control System
7.4 Generator Excitation & Electrical Control
7.5 Others
8 Power Plant Control System Market, By Component (Page No. - 56)
8.1 Introduction
8.2 Hardware
8.2.1 Controllers
8.2.2 Input Output Devices
8.2.3 Workstations
8.2.4 Networking Hardware
8.3 Software
8.4 Services
9 Power Plant Control System Market, By Plant Type (Page No. - 62)
9.1 Introduction
9.2 Coal
9.3 Hydroelectric
9.4 Natural Gas
9.5 Oil
9.6 Nuclear
9.7 Renewables
10 Power Plant Control System, By Region (Page No. - 71)
10.1 Introduction
10.2 North America
10.2.1 Us
10.2.2 Canada
10.2.3 Mexico
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 South Korea
10.3.5 Australia
10.3.6 Rest of Asia Pacific
10.4 Europe
10.4.1 Germany
10.4.2 Uk
10.4.3 France
10.4.4 Spain
10.4.5 Sweden
10.4.6 Norway
10.4.7 Russia
10.4.8 Rest of Europe
10.5 South America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 Rest of the Middle East
10.7 Africa
10.7.1 South Africa
10.7.2 Rest of Africa
11 Competitive Landscape (Page No. - 114)
11.1 Introduction
11.2 Market Share Analysis, 2016
11.3 Competitive Scenario
11.3.1 Contracts & Agreements
11.3.2 New Product Developments
11.3.3 Investments & Expansions
11.3.4 Mergers & Acquisitions
11.3.5 Partnerships/Collaborations
12 Company Profiles (Page No. - 119)
(Business Overview, Products Offered, Recent Developments, MnM View)*
12.1 Benchmarking
12.2 ABB
12.3 Emerson
12.4 GE
12.5 Hitachi
12.6 Honeywell
12.7 Omron
12.8 Rockwell
12.9 Schneider Electric
12.10 Siemens
12.11 Toshiba
12.12 Yokogawa
12.13 Mitsubishi Electric
12.14 Endress+Hauser
*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 161)
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets Subscription Portal
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details
List of Tables (88 Tables)
Table 1 Power Plant Control System Market Snapshot
Table 2 Regulations and Standards Related to Power Plant Control System Market
Table 3 Countries With Fastest Growing Power Generation Sector, 20052015
Table 4 Use of Different Solutions in Power Plants
Table 5 Power Plant Control System Market Size, By Solution, 20152022 (USD Million)
Table 6 SCADA: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 7 PLC: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 8 DCS: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 9 PAM: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 10 PLM: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 11 Power Plant Control System Enablement By Generation Technology
Table 12 Power Plant Control System Market Size, By Application, 20152022 (USD Billion)
Table 13 Boiler & Auxiliaries Control: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 14 Turbine & Auxiliaries Control: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 15 Generator Excitation & Electrical Control: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 16 Others: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 17 Power Plant Control System Market Size, By Component, 20152022 (USD Million)
Table 18 Hardware: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 19 Hardware: Power Plant Control System Market Size, By Hardware Type, 20152022 (USD Million)
Table 20 Software: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 21 Services: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 22 Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 23 Coal: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 24 Hydroelectric: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 25 Natural Gas: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 26 Oil: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 27 Nuclear: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 28 Renewables: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 29 Renewables: Power Plant Control System Market Size, By Type, 20152022 (USD Million)
Table 30 Wind: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 31 Solar: Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 32 Power Plant Control System Market Size, By Region, 20152022 (USD Million)
Table 33 North America: Power Plant Control System Market Size, By Country, 20152022 (USD Million)
Table 34 Key Upcoming Power Plant Projects in the Us
Table 35 US: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 36 Key Upcoming Power Plant Projects in Canada
Table 37 Canada: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 38 Key Upcoming Power Plant Projects in Mexico
Table 39 Mexico: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 40 Asia Pacific: Power Plant Control System Market Size, By Country, 20152022 (USD Million)
Table 41 Key Upcoming Power Plant Projects in China
Table 42 China: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 43 Key Upcoming Power Plant Projects in Japan
Table 44 Japan: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 45 Key Upcoming Power Plant Projects in India
Table 46 India: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 47 Key Upcoming Power Plant Projects in South Korea
Table 48 South Korea: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 49 Key Upcoming Power Plant Projects in Australia
Table 50 Australia: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 51 Rest of Asia Pacific: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 52 Europe: Power Plant Control System Market Size, By Country, 20152022 (USD Million)
Table 53 Germany: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 54 Key Upcoming Power Plant Projects in the Uk
Table 55 UK: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 56 Key Upcoming Power Plant Projects in France
Table 57 France: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 58 Key Upcoming Power Plant Projects in Spain
Table 59 Spain: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 60 Key Upcoming Power Plant Projects in Sweden
Table 61 Sweden: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 62 Key Upcoming Power Plant Projects in Norway
Table 63 Norway: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 64 Key Upcoming Power Plant Projects in Russia
Table 65 Russia: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 66 Rest of Europe: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 67 South America: Power Plant Control System Market Size, By Country, 20152022 (USD Million)
Table 68 Key Upcoming Power Plant Projects in Brazil
Table 69 Brazil: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 70 Key Upcoming Power Plant Projects in Argentina
Table 71 Argentina: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 72 Key Upcoming Power Plant Projects in Chile
Table 73 Chile: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 74 Rest of South America: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 75 Middle East: Power Plant Control System Market Size, By Country, 20152022 (USD Million)
Table 76 Key Upcoming Power Plant Projects in Saudi Arabia
Table 77 Saudi Arabia: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 78 Key Upcoming Power Plant Projects in the UAE
Table 79 UAE: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 80 Key Upcoming Power Plant Projects in Qatar
Table 81 Qatar: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 82 Rest of the Middle East: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 83 Africa: Power Plant Control System Market Size, By Country, 20152022 (USD Million)
Table 84 Key Upcoming Power Plant Projects in South Africa
Table 85 South Africa: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 86 Rest of Africa: Power Plant Control System Market Size, By Plant Type, 20152022 (USD Million)
Table 87 Company Vis-A-Vis Plant-Type Matrix
Table 88 Company Vis-A-Vis Solution Matrix
List of Figures (40 Figures)
Figure 1 Market Segmentation: Power Plant Control System Market
Figure 2 Countries Covered
Figure 3 Research Design
Figure 4 Bottom-Up Approach
Figure 5 Top-Down Approach
Figure 6 Data Triangulation Methodology
Figure 7 Asia Pacific Holds the Largest Share of the Power Plant Control System Market in 2016
Figure 8 The Renewables Segment is Expected to Dominate the Market During the Forecast Period
Figure 9 The DCS Segment is Expected to Have the Largest Market Share By 2022
Figure 10 The Turbine and Auxiliaries Control Segment is Expected to Dominate the Power Plant Control System Market During the Forecast Period
Figure 11 The Hardware Segment is Expected to Dominate the Power Plant Control System Market During the Forecast Period
Figure 12 Growing Number of Alternative Energy Programs is Expected to Drive the Power Plant Control System Market During the Forecast Period
Figure 13 The Coal Segment & the Chinese Market Held the Maximum Share of the Power Plant Control System Market in Asia Pacific in 2016
Figure 14 The SCADA Segment is Expected to Grow at the Highest CAGR Between 2017 and 2022
Figure 15 The Turbine and Auxiliaries Control Segment is Expected to Lead the Power Plant Control System Market During the Forecast Period
Figure 16 China Held the Largest Share in 2016
Figure 17 Power Plant Control System: Drivers, Restraints, Opportunities, and Challenges
Figure 18 Total Renewable Energy Capacity (20132015)
Figure 19 DCS is Expected to Hold the Largest Market Share By 2022
Figure 20 Turbines & Auxiliaries Control Segment is Expected to Hold the Largest Market Share By 2022
Figure 21 Hardware Component is Expected to Hold the Largest Market Share By 2022
Figure 22 Renewables Segment is Expected to Hold the Largest Market Share in 2022
Figure 23 Regional Snapshot: the Market in the Middle East is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 24 Power Plant Control System Market Share (Value), By Region, 2016
Figure 25 Asia Pacific: Market Snapshot
Figure 26 Middle East: Market Snapshot
Figure 27 Key Developments in the Power Plant Control System Market, 20142017
Figure 28 Siemens Leads the Power Plant Control System Market in 2016
Figure 29 ABB: Company Snapshot
Figure 30 Emerson: Company Snapshot
Figure 31 GE: Company Snapshot
Figure 32 Hitachi: Company Snapshot
Figure 33 Honeywell: Company Snapshot
Figure 34 Omron: Company Snapshot
Figure 35 Rockwell: Company Snapshot
Figure 36 Schneider Electric: Company Snapshot
Figure 37 Siemens: Company Snapshot
Figure 38 Toshiba: Company Snapshot
Figure 39 Yokogawa: Company Snapshot
Figure 40 Mitsubishi Electric: Company Snapshot
The global power plant control system market is projected to reach a market size of USD 6.22 Billion by 2022, growing at a CAGR of 5.78%, from an estimated USD 4.70 Billion in 2017. This growth can be attributed to the increasing emphasis on alternative energy production across the globe, improving and evolving technologies, increase in the buoyant power sector and augmented power generation capacities worldwide, and government initiatives toward industrial automation.
The report segments the power plant control system market, by solution, into SCADA, DCS, PLC, Plant Asset Management (PAM), and Plant Lifecycle Management (PLM). The DCS segment is expected to have to largest market share by 2022. 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.
The power plant control system market, by plant type, is segmented into coal, nuclear, hydroelectric, natural gas, oil, and renewable power plants. The renewable segment is estimated to be the fastest growing market for power plant control systems between 2017 and 2022. The renewable segment consists of commercial-scale wind, solar, and biofuel power plants where control systems are mostly installed. This segment is also expected to hold the largest market share owing to the global investment in the renewable energy sector and rise in automation of the renewable energy power plants in Europe, Asia Pacific, and North America.
The power plant control system market, by application, is segmented into boiler and auxiliaries control, turbine and auxiliaries control, generator excitation and electrical control, and others. The generator excitation and electrical control segment is estimated to be the fastest growing segment for power plant control systems, from 2017 to 2022. This market is driven by the increase in alternative energy programs in Europe, Asia Pacific, and North America.
In this report, the power plant control system market has been analyzed with respect to six regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa. The market in Asia Pacific is estimated to be the largest in the power plant control system market, from 2017 to 2022. Factors such as increased power consumption, rising influx of renewable sources in the energy mix, and renovation, modernization, and upgradation of aging power plants are likely to drive the power plant control system market in the region.
High capital investments and limited re-investments could act as restraints for the power plant control system market. The leading players in the power plant control system market include ABB (Switzerland), GE (US), Siemens (Germany), Emerson (US) and Honeywell (US). Contracts & agreements was the most commonly adopted strategy by the top players. This was followed by new product launches, expansions and investments, and mergers & acquisitions.
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