HOME Research Insight ABB (Switzerland) and Emerson Electric (US) are the Major Players in the Power Plant Control System Market



ABB (Switzerland) and Emerson Electric (US) are the Major Players in the Power Plant Control System Market


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%. The market in Asia Pacific is estimated to be the largest for power plant control systems, followed by the North American market in 2017. This trend is expected to continue till 2022. The growth of the power plant control system market is driven by the increase in alternative energy programs, increase in the buoyant power sector and augmented power generation capacities worldwide, and government initiatives toward the adoption of industrial automation.

The power plant control system market is dominated by a few major players that have a wide regional presence and are established brand names. The leading integrated solution providers in the power plant control system market include ABB (Switzerland), GE (US), Siemens (Germany), Schneider Electric (France), Emerson Electric (US), Mitsubishi Electric (Japan), Honeywell (US), and Yokogawa Electric (Japan).

The major strategies adopted by the players include contracts & agreements, new product launches, expansions and investments, mergers & acquisitions, and joint ventures and collaborations. Contracts & agreements was the most commonly adopted strategy from January 2014 to November 2017. Industry players also adopted new product developments, which was the second most widely followed strategy, during the same period. A few key integrated solution providers have been highlighted in the section below.

ABB is one of the key players in the power and automation technology sector. The company offers a wide range of products, services, and systems to various end-use industries such as utilities, infrastructure, and transportation. ABB operates through four business segments, namely, power grids, electrification products, discrete automation and motion, and process automation. It provides power plant control systems through its process automation division, which accounted for 18.6% of the company’s total net sales in 2016. The process automation division offers solutions designed to optimize the productivity, energy efficiency, and safety of industrial processes. The company offers its products and services to various end-use industries such as oil & gas, minerals and mining, metals, pulp and paper, chemicals and pharmaceuticals, food and beverage, power generation, and marine. In September 2015, ABB received a contract from the Adani Group. The scope of the contract was to provide plant electrification, automation, and substations to integrate 850 MW of solar energy in India.

Emerson is a manufacturing company that provides solutions to the commercial, industrial, and consumer markets globally. The company operates through four business segments, namely, process management, industrial automation, climate technologies, and commercial and residential solutions. It provides power plant control systems through its process management segment. The process management segment offers valves, actuators and regulators, industry services and solutions, measurement and analytical instrumentation, and software. The segment provides its products and services to various end-use industries such as oil & gas, refining, chemicals, power generation, pharmaceuticals, food and beverage, pulp and paper, metals and mining, and municipal water supply. The markets in the US and Canada accounted for the highest revenue shares for the process management segment in 2016. In November 2017, Emerson was awarded a contract by ENGIE, a French multinational electric utility company. The scope of the contract was to replace combustion turbine controls with the ovation turbine control technology at ENGIE’s DK6 800 MW Combined-Cycle Power Plant (CCPP) in Dunkirk, France.

Related Reports:

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

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