Power Plant Control System Market Research Report - Global Forecast till 2030

Power Plant Control System Market Research Report: Information by Solution (SCADA, PLC, DCS, PLM and PAM), Component (Hardware, Software and Services), Application (Boiler & Auxiliaries Control, Turbine & Auxiliaries Control, Generator Excitation & Electrical Control and others), Plant Type (Coal, Natural Gas, Hydroelectric, Nuclear, Oil and Renewables) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2030

ID: MRFR/E&P/6878-HCR | February 2023 | Region: Global | 111 Pages         

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Power Plant Control System Market

Power Plant Control System Market is expected to reach USD 7.15 billion by 2025, with ~5.75% CAGR between 2019 and 2025.

Segmentation
By Solution SCADA PLC DCS PLM PAM
By Component Hardware Software Services
By Application Boiler & Auxiliaries Control Turbine & Auxiliaries Control Generator Excitation & Electrical Control Others
By Plant Type Coal Natural Gas Hydroelectric Nuclear Oil and Renewables
Key Players
Companies Profiled   ABB (Switzerland)    Honeywell (US)    Siemens (Germany)    Schneider Electric (France)    Emerson (US)    General Electric (US)    Hitachi (Japan)    Omron (Japan)    Rockwell (US)    Toshiba (Japan)    Mitsubishi Electric (Japan)    Yokogawa Electric (Japan)    Endress+Hauser (Switzerland)
Drivers
Market Driving Forces   Government initiatives regarding the adoption of industrial automation    Increasing power generation capacities worldwide    Rapidly growing power industry    Need for power plant instrumentation    Rising need for biomass power plant control system    Increasing thermal power plant instrumentation    Implementation of DCS system in power plants
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Power Plant Control System Market is expected grow with a CAGR of ~ 5.75% between 2022 and 2030.


Power Plant Control System Market Scenario


Power Plant Control System controls the power plant operations like active power, voltage, reactive power, power factor, and frequency at the point of interconnection using the advanced distributed control systems. These systems provide controlling systems for improving productivity and lessening the environmental impact on the power plants. Globally, almost all the grid codes use power plant control systems for any renewable plant at the capacity of 10 MW.


These systems are majorly used for monitoring, controlling, and regulating the plant that avoid the risk factor and accidents.


The highly advanced control systems are used to monitor the large modern power plants. Advanced technologies like SCADA and PLC help in operating the power plants efficiently. The power plant control systems like valves, motors, SCADA, DCS, and others are used in various manufacturing industries like glass production. Growing alternative energy programs worldwide are predicted to rise the demand for power plant control systems. Moreover, the growing need for power plant instrumentation, increasing the requirement for biomass power plant control systems, rising thermal power plant instrumentation, and rising government initiatives regarding the adoption of industrial automation are the few factors driving the market growth.


The major factors driving the growth of the global market of power plant control system include the rapidly growing power industry, need for power plant instrumentation, rising need for biomass power plant control system, increasing thermal power plant instrumentation, increasing power generation capacities worldwide, implementation of DCS system in power plants, and government initiatives regarding the adoption of industrial automation. For instance, according to the International Trade Administration (ITA) report published in 2016, “Industries 4.0” is a program, through which the German government is developing “Smart Factory” capabilities throughout Germany by developing various software and programmable logic controller (PLC) systems for industrial automation. This is expected to drive the global by providing secure and reliable system solutions through industrial automation. However, the increasing demand for safety compliance automation products and adoption of Industrial Internet of Things (IIoT) for real-time decision making is expected to create a growth opportunity for the global Power Plant Control System Market.


Power Plant Control System Market Key Players


The key players operating in the global power plant control system market are ABB (Switzerland), Honeywell (US), Siemens (Germany), Schneider Electric (France), Emerson (US), General Electric (US), Hitachi (Japan), Omron (Japan), Rockwell (US), Toshiba (Japan), Mitsubishi Electric (Japan), Yokogawa Electric  (Japan), and Endress+Hauser (Switzerland).


Recent Developments in Power Plant Control System Market



  • One of the famous companies, Toshiba got a contract to Retrofit Steam Turbines and Generators for the up-gradation of a thermal power plant project in Australia in July 2019. Without rising coal consumption or emissions, this project will enhance the plant output and efficiency by 60 MWs. This project also helps in meeting the huge amount of electricity demand for 55,000 homes.

  • Moreover, in July 2019, one of the leading enterprises, Toshiba Group won a contract regarding the supply of 2,340 MW Goi Thermal Power Station replacement work. This is used to increase the thermal efficiency by about 64% which is very high.


Many major players such as ABB, Honeywell, and Siemens are actively focusing on signing contracts and forming agreements with utilities and other industries to supply power plant control systems. For instance, in 2017, ABB signed a contract with Ansaldo Energia (Italy) to provide a distributed control system (DCS) for the 340 megawatts (MW) open cycle power plant. This has helped the organization create a product appeal in the market in Europe. However, high capital investments and limited re-investments are expected to restrain the growth of the global Power Plant Control System Market.


Power Plant Control System Market Segmentation Analysis


The global power plant control system market has been segmented based on solution, component, application, plant type, and region.


Based on solution, the global market includes Supervisory Control and Data Acquisition (SCADA), Programmable Logic Controller (PLC), Distributed Control System (DCS), Product Lifecycle Management (PLM), and Plant Asset Management (PAM). The Distributed Control System (DCS) segment is expected to hold larger share during the forecast period due to the increasing number of DCS power plants across the globe. The increasing capacity of coal-based thermal power plants in Asia-Pacific, large hydro power plant control systems in South America and global capacity of nuclear power plants are driving nuclear based power plants control system.


Based on component, the global Power Plant Control System Market is segmented into hardware, software, and services. The software segment is expected to grow with the highest CAGR during the forecast period.


Based on application, the global Power Plant Control System Market has been segmented into boiler & auxiliaries control, turbine & auxiliaries control, generator excitation & electrical control, and others. The generator excitation & electrical control segment is estimated to be the fastest-growing segment for power plant control systems. This market is driven by the increase in alternative energy programs in Europe, Asia Pacific, and North America.


Based on plant type, the global Power Plant Control System Market has been segmented into coal, natural gas, hydroelectric, nuclear, oil, and renewables. The renewable segment is estimated to be the fastest-growing market for power plant control systems owing to the global investment in the renewable energy sector and rise in automation of the renewable energy power plants in Europe, Asia-Pacific, and North America.


power plant control system market


Modern power plants are large, complex, and have high degree of automation. Power plant control systems are used to control the operating of the power plant with the help of advanced distributed control systems. Power plant control systems offer controlling systems to improve productivity and reduce the environmental impact of the power plant. The operations of large modern power plants require highly advanced control systems. Advancement in technologies such as (SCADA) and (PLC) allowed the operations of power plants more efficiently.


The global power plant control system market is expected to witness high growth during the forecast period owing to the rise in alternative energy programs globally. 


Based on region, the global market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Asia-Pacific holds the largest market share due to increased power consumption, rising influx of renewable sources in the energy mix, and renovation, modernization, and up gradation of aging power plants in the region.


Intended Audience



  • Manufacturers

  • Power plant project developers

  • Companies related to electric power generation

  • Energy efficiency consultants

  • End Users

  • Research organizations and consulting companies

  • Research Institutes

  • Industry associations

  • Market research and consulting firm



Report Scope:

Report Attribute/Metric Details
  Market Size

  • 2025: USD 7.15 billion
  • 2030: Significant Value
  •   CAGR   5.75% CAGR (2022-2030)
      Base Year   2021
      Forecast Period   2022-2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Solution, Component, Application, Plant Type
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   ABB (Switzerland), Honeywell (US), Siemens (Germany), Schneider Electric (France), Emerson (US), General Electric (US), Hitachi (Japan), Omron (Japan), Rockwell (US), Toshiba (Japan), Mitsubishi Electric (Japan), Yokogawa Electric (Japan), and Endress+Hauser (Switzerland)
      Key Market Opportunities

  • Government initiatives regarding the adoption of industrial automation
  • Increasing power generation capacities worldwide
  •   Key Market Drivers

  • Rapidly growing power industry
  • Need for power plant instrumentation
  • Rising need for biomass power plant control system
  • Increasing thermal power plant instrumentation
  • Implementation of DCS system in power plants


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    Frequently Asked Questions (FAQ) :

    The market is expected to achieve a growth rate of more than 5.75% between 2022 and 2030.

    The market value by 2025 is estimated to be USD 7.15 billion.

    The renowned companies in the market include Mitsubishi Electric (Japan), Yokogawa Electric (Japan), Endress+Hauser (Switzerland), General Electric (US), Schneider Electric (France), Omron (Japan), Rockwell (US), Honeywell (US), Siemens (Germany), Toshiba (Japan), Emerson (US), ABB (Switzerland), Hitachi (Japan), and others.

    High power consumption, increasing influx of renewable sources in the energy mix, surging renovation as well as modernization, along with the upgradation of aging back the market growth in APAC.

    Among all the plant types, the renewable segment can attain the fastest growth rate.