DUBLIN--(BUSINESS WIRE)--The "Power Plant Control System Market by Solution (SCADA, PLC, DCS), Application (Boiler, Turbine, Generator, Reactor), Component, Plant Type (Coal, Natural Gas, Hydroelectric, Nuclear, Oil, Renewables) & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The Global Power Plant Control System Market is Estimated at USD 4.70 Billion in 2017 and is Projected to Grow at a CAGR of 5.78% to Reach USD 6.22 Billion By 2022
The global market is set to witness a significant growth due to increasing emphasis on alternative energy production across the globe, increase in the buoyant power sector and augmented power generation capacities worldwide, and government initiatives toward the adoption of industrial automation.
With regard to the solution segment, the Distributed Control System (DCS) segment is expected to constitute the largest market by 2022. Some of the application areas of DCS are in the boiler controls, turbine governing, generator excitation and cooling, and balance of plant control, among others. It is majorly used in large-scale power plants where manual control gets difficult due to plant size and simultaneous operations of simultaneous processes. 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 Middle East is expected to be the fastest growing market for power plant control systems from 2017 to 2022. This region is undergoing a rapid electricity infrastructure development to maintain the demand-supply balance. The United Arab Emirates, which is one of the largest revenue contributors to the region, is investing heavily in diversifying its energy mix including renewable sources.
Qatar is set to host the FIFA World Cup 2022 and needs to upgrade its power infrastructure. This process of upgrade and capacity addition of power plants would create substantial opportunities for the suppliers of power plant control systems. Continued governmental investments in the economic and infrastructure growth are expected to boost the Middle Eastern power plant control system market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Power Plant Control System Market, By Solution
7 Power Plant Control System Market, By Application
8 Power Plant Control System Market, By Component
9 Power Plant Control System Market, By Plant Type
10 Power Plant Control System, By Region
11 Competitive Landscape
12 Company Profiles
- Mitsubishi Electric
- Schneider Electric
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