Power Plant Control System Market: Size, Share, Growth, Trends, and Forecast, 2016–2024
Sarasota, FL -- (SBWIRE) -- 06/22/2018 -- Global Power Plant Control System Market: Overview
At present, the power plants are extremely automated. The majority of the systems of thermal power plants are likely to be controlled from a control room. Systems which can be controlled mainly from the central control room are unit transformers, electrical auxiliaries for grid connection, excitation, synchronization, generator/unit protection, switchgear, and auxiliary transformers.
Global Power Plant Control System Market: Growth Factors
The global power plant control systems market has an independently distributed configuration that generally connects devices which are installed in the plant by a network to enable data screening and transmission. Setting up of control systems in power plants has mainly led to enhanced plant effectiveness; therefore, the power plant control systems are likely to be widely implemented in the end-user sector. Mechanization in power generation technology is likely to enable intelligent functioning of power plants. This is projected to fuel the global power control systems market. These systems have supported independent power producers (IPPs) for constant power production while sustaining a lucrative operation. Furthermore, evolution and improvement in technologies, several government initiatives toward industrial mechanization, growth in demand and requirement for power generation, and development in the power division across the world are expected to propel the expansion for the global power plant control systems market.
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Global Power Plant Control System Market: Segmentation
The global power plant control system market can be classified by solution, which is further divided into DCS, SCADA, PLM, PAM. The DCS division is projected to have the highest market share in the coming future.
The global power plant control system market, in terms of plant type, is categorized into renewable power plants, nuclear, coal, natural gas, hydroelectric, and oil. The renewable division is projected to be the largest rising market for the global power plant control systems in the coming years. The renewable division consists of solar, biofuel, and commercial-scale wind power plants.
The global power plant control system market in terms of application is fragmented into generator excitation and electrical control, auxiliaries and turbine control, boiler and auxiliaries' control, and others. The generator electrical & excitation control division is projected to be the largest growing division for the global power plant control systems, in the coming years.
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Global Power Plant Control System Market: Regional Analysis
The demand and requirement for electricity have considerably increased in nations such as China, India, Russia, and Brazil. Renewable energy sources are projected to constitute a major share of electricity production in the coming years due to the growing recognition of renewable technologies in power production. Furthermore, quick industrialization of emerging countries, for example, Vietnam is the main indicator of upcoming advanced power plant control system, mainly in the power generation sector. The energy division in the U.S. has also moved from coal-fired plants into natural oil and gas.
Global Power Plant Control System Market: Competitive Players
Some of the most important market players in the global power plant control system market are GE, ABB, Emerson, Siemens, Metso, Yokogawa, Omron, Mitsubishi Heavy Industries, Schneider Electric, Rockwell Automation, Honeywell, and Toshiba International, among others.
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Global Power Plant Control System Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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