The power plant control system market is expected to grow at a CAGR of over 3% during 2021-2027. Power plant control systems play an important role in energy generation, manufacturing, and process industries. Power plant control systems maximize the efficiency of turbine equipment to increase productivity. Factors such as increasing electricity consumption, increasing inflow of renewable resources in the energy mix, and retrofitting, modernizing and upgrading of aging power plants are expected to drive the market in the forecast period.
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Power Plant Control System Market: Segmentation
By Solution:
• Supervisory Control and Data Acquisition (SCADA)
• Programmable Logic Controller (PLC)
• Distributed Control System (DCS)
• Product Lifecycle Management (PLM)
• Plant Asset Management (PAM)
By Component:
• Hardware
• Software
• Services
By Application:
• Boiler and Auxiliaries Control
• Turbine and Auxiliaries Control
• Generator Excitation and Electrical Control
• Others
By Plant Type:
• Coal
• Natural Gas
• Hydroelectric
• Nuclear
• Oil
• Renewables
Key Players Operating in the Power Plant Control System Market:
• ABB (Switzerland)
• Honeywell (US)
• Siemens (Germany)
• Schneider Electric (France)
• Emerson (US)
• GE (US)
• Hitachi
• Omron
• Rockwell
• Toshiba
• Yokogawa
• Metso
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)