The analysts forecast global automation control market in power generation sector to grow at a CAGR of 6.06 % during the period 2018-2022. The latest trend gaining momentum in the market is emergence of integrated solutions.
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The automation solution vendors are providing integrated solutions with unique software architecture for all the solutions offered by them.
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The uniform platform integrates the power plant automation systems as well as electrical, IT solutions, and diagnostics of a power plant. The major advantage of using such uniform platform is the maximization of data consistency and minimization of interfaces.
For instance, Siemens offers SPPA-T3000 in its SPPA solutions with Embedded Core Software (ECS).
Major key players in the global automation control market in power generation sector: ABB, General Electric, Honeywell, Rockwell Automation, Schneider Electric, and Siemens
According to the automation control market report, one of the major drivers for this market is Continued growth of highly scalable control solutions. Advances in the process control technology led power generation providers to realize the performance advantages of a true distributed control at a reduced cost.
Many automation control solution vendors are offering purpose-built solutions that can be customized irrespective of scope, integrating entire business operations. The evolution of automation control solutions has led to the innovation of process control functionality and real-time data connectivity between the power plant and grid.
Further, the automation control market report states that one of the major factors hindering the growth of this market is Threat of cybersecurity. The threat of cybersecurity is a major challenge faced by automation control systems.
Increased adoption of IoT and automation control systems have resulted in increased vulnerability to cyberattacks, leading to data loss. Software packages offered by third-party vendors are more vulnerable to cyber-attacks, as the level of security offered is very low.
For instance, SCADA and other control systems are often infected by a worm named HAVEX, which is capable of erasing the entire data and giving unauthorized commands.
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Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
Few Points from List of Exhibits:
Exhibit 1: Parent Market
Exhibit 2: Global automation control market in power generation sector
Exhibit 3: Market characteristics
Exhibit 4: Market segments
Exhibit 5: Market definition - Inclusions and exclusions checklist
Exhibit 6: Market size 2017
Exhibit 7: Validation techniques employed for market sizing 2017
Exhibit 8: Global Market size and forecast 2017-2022 ($ bn)
Exhibit 9: Global Year over year growth 2018-2022 (%)
Exhibit 10: Five forces analysis 2017
Exhibit 11: Five forces analysis 2022
Exhibit 12: Bargaining power of buyers
Exhibit 13: Bargaining power of suppliers
Exhibit 14: Threat of new entrants
Exhibit 15: Threat of substitutes
Exhibit 16: Threat of rivalry
Exhibit 17: Market condition - Five forces 2017
Exhibit 18: Product Market share 2017-2022 (%)
Exhibit 19: Comparison by product
Exhibit 20: DCS Market size and forecast 2017-2022 ($ bn)