Market Leader - Power Plant Control System Market
The global power plant control system market is projected to reach USD 10.2 billion by 2026 from an estimated USD 7.2 billion in 2021, at a CAGR of 7.3% during the forecast period. The growing need for zero downtime power supply solutions for critical power applications is the major driver of the rotary or power plant control system market. The advantages of rotary UPS such as high efficiency, fewer space requirements, and low lifetime costs are expected to further drive the demand. Increasing data center investments are expected to be the single biggest contributing factor to the growth of power plant control system market during the forecast period.
A few major players with a large global presence dominate the power plant control system market along with a large number of local players. The leading players in the power plant control system market include Siemens Energy (Germany), ABB (Switzerland), Emerson (US), Rockwell (US), and GE (US).
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These players major strategies include contracts & agreements, mergers & acquisitions, product launches, and investments & expansions. Contracts & agreements and is the most commonly adopted strategy from January 2017 to May 2021.
Piller Power Systems is one of the leading providers of critical power solutions. The company is
ABB is one of the leading providers of digital solutions and industrial equipment to customers from utilities, various industries, and infrastructure and transportation sectors in more than 100 countries. ABB operates in four divisions, namely Electrification, Motion, Industrial Automation, and Robotics & Discrete Automation. The company offers power plant control systems through the Industrial Automation division. Industrial Automation business division offers products and solutions for automation, instrumentation, and optimization of processes. Several products offered by the company through this segment are Distributed Control System (DCS) 800Xa, basic automation components and process and safety controllers, field interfaces, panels, process recorders, and human–machine interface (HMIs). The company offers Sentinel, a subscription-based lifecycle cycle management program, along with the ABB Ability control system. ABB is one of the vital players providing power plant control systems. It is also a leading supplier of Supervisory Control and Data Acquisition (SCADA), Distributed Control System (DCS) solutions, and programmable controllers and solutions. ABB is one of the global leaders in electrification and automation products and continues to push its existing momentum to compete with other giants in the industry, such as Siemens and GE. ABB extensively focuses on its growth strategies by engaging itself in strategic partnerships and acquisitions, resulting in a strong market position. This helped the company to attract more customers globally. The company adopts organic growth strategies such as product launches and developments, contracts, and agreements. In recent years, the company has launched a new range of products with advanced control options, new interface options, along with other tools for ease of operation.
Siemens Energy is one of the key manufacturers and suppliers of energy-efficient, resource-saving technologies, having its core offerings in the field of energy and utilities. The company operates through two segments—Gas and Power and Siemens Gamesa Renewable Energy. The Gas & Power segment division offers power plant control systems. Siemens is a renowned organization providing reliable smart grid automation techniques to address challenges in the field of power generation and transmission. The company manufactures and offers comprehensive energy management solutions through different SCADA techniques, remote terminal units ( RTUs), and PLCs. The company offers the SPPA-T3000 control system, an end-to-end plant control solution. Siemens is operational in over 190 countries and has over 285 manufacturing units. It has 11 R&D centers and 8 centers of competence. Siemens holds an advantageous position in offering power generation products and services. The company is one of the few large manufacturers of key original equipment such as turbines and generators that are crucial for any power plant. The company offers turnkey and EPC solutions to power plant operators. Therefore, the company plays an important role in upselling or including the control system as part of the overall package, thereby ensuring a strong market position. Siemens has been focusing on organic growth strategies such as product launches, developments, contracts, and agreements. Recently, the company has signed several contracts pertaining to the deployment of electrification, power plant control, and cybersecurity solutions in power plants of many countries.
Related Reports:
Power Plant Control System Market by Plant Type (Coal, Natural Gas, Hydroelectric, Nuclear, Oil, and Renewable), Solution (SCADA, DCS, Programmable Controllers), Component, Application, and Region - Global Forecast to 2026
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