Global Power Plant Control System Market, By Component (Hardware, Software and Services), By Solution (Supervisory Control & Data Acquisition (SCADA), Plant Asset Management (PAM), Distributed Control System (DCS), Programmable Logic Controller (PLC) and Plant Lifecycle Management (PLM)), By Application (Boiler & Auxiliaries Control, Generator Excitation & Electrical Control, Turbine & Auxiliaries

Global Power Plant Control System Market is expected to reach USD 6.32 Billion by 2027, growing at a CAGR of over 5% from 2022-2027. The market growth can be attributed to the growing technological advancements, increasing power sector and increasing power generation volumes globally and increasing alternative energy programs. Based on plant type, the market is segmented into coal, hydroelectric, natural gas, oil, nuclear and renewable power plants. In 2021, renewable segment has the highest market share owing to the rise in automation of the renewable energy power plants and investment in the renewable energy sector globally. APAC region dominates the Global Power Plant Control System Market due to increasing capacity of coal-based thermal power plants in the region.

Some of the leading players in the Global Power Plant Control System market are Emerson, ABB, GE, Hitachi, Rockwell, Honeywell, Siemens, Toshiba, Mitsubishi Electric, Benchmarking etc.

Objective of the Study

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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of collaboration manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturer which could not be identified due to the limitations of secondary research. Market insights research analysed the service offerings, distribution channels and presence of all major collaboration manufacturer across the globe.

Market insights research calculated the market size of Global

Key Target 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.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as collaboration manufacturer, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.