Global Automation Control Market in Power Generation Sector 2018-2022

Overview of the global automation control market in power generation sector

Manufactures are extensively focused on enhancing the performance of plant operations by investing in innovative and advanced technologies such as predictive maintenance and convergence of IT and TO. Technavio’s market study identifies the growing concern for performance enhancement through dependable and predictable operations to be one of the primary growth factors for the automation control market in power generation sector. Automated control systems are advantageous as they improve plant safety, result in integrated workflows, process optimization, transparency, and reliable day-to-day operations. A key vendor, launched a distributed power control system with an operator-centric approach, facilitating the operators to provide accurate guidance procedures and operate the power generator system with the right tools. Our market analysts estimate that the market will grow steadily at a CAGR of greater than 6% by 2022.

The emergence of integrated solutions is one of the key factors driving the growth of the automation control market in power generation sector. Automation solution vendors are providing integrated solutions with unique architecture solutions. Utilization of a unique platform maximizes the data consistency and minimizes the interference. Also, the platform combines the automation systems with the electrical, IT solutions, and diagnostics, of the power plant.

Companies covered

The automation control market in power generation sector is fragmented owing to the presence of numerous international and regional vendors. This market report studies the competitive environment and focuses on the product offerings of the key companies in the power plant automation control systems market. Technavio’s analysts also analyze the key focus areas and the strategies adopted by vendors to sustain profitably in the automation control market in power generation sector. 

This research report provides an analysis of the various companies in this market including:

• ABB
• General Electric
• Honeywell
• Rockwell Automation
• Schneider Electric
• Siemens

Segmentation by product and analysis of the automation control market in power generation sector

• Distributed control system (DCS)
• Supervisory control and data acquisition (SCADA)
• Programmable logic controller (PLC)
• Manufacturing execution system (MES)

Distributed control system (DCS) will account for major shares in the automation control market in power generation sector throughout the forecast period, owing to the rising demand for power in regions such as APAC. The rapid industrial development and growing population is steadily influencing the demand for power. Also, factors such as rising concern for system upgrades and ability to integrate with sub-systems in power plants, drives the industry segment for DCS in the power plant automation control systems market.

Geographical segmentation and analysis of the automation control market in power generation sector

• Americas
• APAC
• EMEA

APAC will be the major revenue contributor to the power plant automation control systems market owing to the strong presence of power generation facilities. Also, regions such as India and Japan are increasingly demanding for power. This region is also witnessing a shift towards renewable sources of energy.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global automation control market in power generation sector?
• What are the key market trends impacting the growth of the global automation control market in power generation sector?
• What are the challenges to market growth?
• Who are the key vendors in the global automation control market in power generation sector?
• What are the market opportunities and threats faced by the vendors in the global automation control market in power generation sector?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automation control market in power generation sector?

Technavio also offers customization on reports based on specific client requirement.