Power Plant Control System Market Worth 6.22 Billion USD by 2022

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 88 market data Tables and 40 Figures spread through 168 Pages and in-depth TOC on "Power Plant Control System Market"

https://www.marketsandmarkets.com/Market-Reports/power-plant-control-system-market-30726243.html

Early buyers will receive 10% customization on this report. 

This growth is primarily due to the increasing emphasis on alternative energy production, increase in the buoyant power sector and augmented power generation capacities worldwide, and government initiatives toward the adoption of industrial automation.

The turbine and auxiliaries control segment is expected to hold the largest share of the Power Plant Control System Market, by application, during the forecast period 

The turbine and auxiliaries segment led the Power Plant Control System Market in 2016 and is projected to dominate the market during the forecast period. The turbine and auxiliaries control segment comprises control systems for turbine governing systems, vacuum systems, condensate systems, feedwater systems, cooling water systems, and lubrication oil systems. Control systems for turbines and auxiliaries are specifically used in coal-based thermal power plants, nuclear power plants, oil-fired steam turbine power plants, gas-fired steam turbine power plants, wind power plants, and concentrated solar power plants. In a power plant, the cost component for the turbine and auxiliaries control segment holds the largest share of the entire power plant control system. The increase in the capacity addition of the wind power plant across the globe along with large investments in the capacity addition of thermal power plants in Asia Pacific acts as a major driver for the growth of the turbine and auxiliaries control segment.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=30726243

The SCADA solution is expected to be the fastest growing segment in the Power Plant Control System Market during the forecast period 

With regard to the solution segment, SCADA solutions are expected to constitute the fastest growing market from 2017 to 2022. The market is primarily driven by increasing investments in large-scale renewable power projects where SCADA is implemented excessively. A SCADA system collects real-time data from remote locations to control the equipment or device. SCADA uses computers, communication systems, and graphical user interface for monitoring the process. SCADA systems are used to ease the automation process in remote areas where manual controlling is not possible in power plants. The components of SCADA are generally grouped into control devices and remote site devices that are used for the plant control network. They provide various facilities such as controlling and monitoring, as well as triggering alarms in the plant during hazardous events. Such a system adds tangible cost benefits by eliminating redundant and obsolete processes such as scanning or searching and streamlining the processes.

Asia Pacific: The leading market for power plant control systems 

Asia Pacific is expected to account for the largest market share in the global Power Plant Control System Market in 2017. The increasing consumption of energy followed by the increase in investments in renewable energy is expected to boost the power generation plants, thereby, enhancing the Power Plant Control System Market in the region. According to the Bloomberg New Energy Finance, China was observed to be the highest investor in renewable energy and the associated low-emissions-energy sectors by investing USD 103 billion in 2015, recording a 17% growth year on year (YoY).

Make an Inquiry @ https://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=30726243

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Power Plant Control System Market. These players include ABB (Switzerland), Siemens (Germany), Schneider Electric (France), Emerson (US), and GE (US). The leading players are trying to make inroads in the markets in the developed economies and are adopting various strategies to increase their market shares.

Browse Related Reports: 

Distributed Control Systems Market by Industry (Oil & Gas, Chemicals, Power Generation, Metals and Mining, Pharmaceutical, Paper and Pulp, Food and Beverage), Component (Hardware, Software, Services), Application, and Region - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/distributed-control-system-market-239430160.html

Utility Asset Management Market by Application (Transformer, Sub-Station, Transmission & Distribution Lines), Component (Hardware, Software), Utility Type (Public Utility, Private Utility), and Region - Global Forecast to 2022

https://www.marketsandmarkets.com/Market-Reports/utility-asset-management-market-218324969.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.  

Contact:
Mr. Rohan
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/energy-and-power