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(Transportation-News.com, September 20, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global Automation Control in Power Generation market for 2018-2023.
Automation solutions for the power generation sector address physical barriers of power generation in plants and provide stable power supply without any major interruptions. These solutions ensure accurate measurement of emissions occurring in the plant and help in real-time monitoring and controlling of power plants operations.
The latest trend gaining momentum in the market is emergence of integrated solutions. The automation solution vendors are providing integrated solutions with unique software architecture for all the solutions offered by them. The uniform platform integrates the power plant automation systems as well as electrical, IT solutions, and diagnostics of a power plant. The major advantage of using such uniform platform is the maximization of data consistency and minimization of interfaces. For instance, Siemens offers SPPA-T3000 in its SPPA solutions with Embedded Core Software (ECS).”
According to the report, one of the major drivers for this market is Continued growth of highly scalable control solutions. Advances in the process control technology led power generation providers to realize the performance advantages of a true distributed control at a reduced cost. Many automation control solution vendors are offering purpose-built solutions that can be customized irrespective of scope, integrating entire business operations. The evolution of automation control solutions has led to the innovation of process control functionality and real-time data connectivity between the power plant and grid.
Further, the report states that one of the major factors hindering the growth of this market is Threat of cybersecurity. The threat of cybersecurity is a major challenge faced by automation control systems. Increased adoption of IoT and automation control systems have resulted in increased vulnerability to cyberattacks, leading to data loss. Software packages offered by third-party vendors are more vulnerable to cyber-attacks, as the level of security offered is very low. For instance, SCADA and other control systems are often infected by a worm named HAVEX, which is capable of erasing the entire data and giving unauthorized commands.
Over the next five years, this report projects that Automation Control in Power Generation will register a 5.7% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ 3120 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Automation Control in Power Generation market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Distributed control system (DCS)
Supervisory control and data acquisition (SCADA)
Programmable logic controller (PLC)
Manufacturing execution system (MES)
Segmentation by application:
Renewable
Non-renewable
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
ABB
General Electric
Honeywell
Rockwell Automation
Schneider Electric
Siemens
...
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Automation Control in Power Generation consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Automation Control in Power Generation market by identifying its various subsegments.
Focuses on the key global Automation Control in Power Generation manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automation Control in Power Generation with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automation Control in Power Generation submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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