Industrial, Manufacturing & Heavy Industry Market News

Research delivers insight into the automation control market growth trends, growth analysis to 2022

Industrial Market Research

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.

- Advertising -

Request Sample for this Report at www.reportsnreports.com/contacts/r…spx?name=1317640.

The automation solution vendors are providing integrated solutions with unique software architecture for all the solutions offered by them.

- Advertising -

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.

Access a copy of this “Automation Control Market in Power Generation Sector” research reports at www.reportsnreports.com/purchase.aspx?name=1317640.

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)

News From

ReportsnReports - Industry Trends & ForecastsReportsnReports
Category: Market Research Publishers and RetailersCompany about: ReportsnReports.com provides market research reports to industries, individuals and organizations with an objective of helping them in their decision-making process. Our library of 400,000+ industry & country research reports covers 5000+ micro markets.