Mar 13, 2018   SOURCE: PR NewsWire

Automation Control Market in Power Generation Market 2018 - Global Forecast to 2022

Automation Control Market in Power Generation Market 2018 - Global Forecast to 2022

DUBLIN, March 13, 2018 /PRNewswire/ --

The "Global Automation Control Market in Power Generation Sector 2018-2022" report has been added to ResearchAndMarkets.com's offering.

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The global automation control market in power generation sector to grow at a CAGR of 6.06 % during the period 2018-2022.

Global Automation Control Market in Power Generation Sector 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the 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.

The latest trend gaining momentum in the market is emergence of integrated solutions. The automation solution vendors are providing integrated solutions with unique software architecture for all the solutions offered by them. 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).

Further, the 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.

Key vendors

    --  ABB
    --  General Electric
    --  Honeywell
    --  Rockwell Automation
    --  Schneider Electric
    --  Siemens

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?

Key Topics Covered:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

    --  Market ecosystem
    --  Market characteristics
    --  Market segmentation analysis

PART 05: MARKET SIZING

    --  Market definition
    --  Market sizing 2017
    --  Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS

    --  Bargaining power of buyers
    --  Bargaining power of suppliers
    --  Threat of new entrants
    --  Threat of substitutes
    --  Threat of rivalry
    --  Market condition

PART 07: MARKET SEGMENTATION BY PRODUCT

    --  Segmentation by product
    --  Comparison by product
    --  DCS - Market size and forecast 2017-2022
    --  SCADA - Market size and forecast 2017-2022
    --  PLC - Market size and forecast 2017-2022
    --  MES - Market size and forecast 2017-2022
    --  Market opportunity by product

PART 08: CUSTOMER LANDSCAPE

PART 09: REGIONAL LANDSCAPE

    --  Geographical segmentation
    --  Regional comparison
    --  APAC - Market size and forecast 2017-2022
    --  EMEA - Market size and forecast 2017-2022
    --  Americas - Market size and forecast 2017-2022
    --  Market opportunity

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

    --  Market drivers
    --  Market challenges

PART 12: MARKET TRENDS

    --  Emergence of integrated solutions
    --  Emergence of cloud-based automation solutions
    --  Virtual Power Plants (VPP) gaining momentum

PART 13: VENDOR LANDSCAPE

    --  Overview
    --  Landscape disruption

PART 14: VENDOR ANALYSIS

    --  Vendors covered
    --  Vendor classification
    --  Market positioning of vendors
    --  ABB
    --  General Electric
    --  Honeywell
    --  Rockwell Automation
    --  Schneider Electric
    --  Siemens

PART 15: APPENDIX

For more information about this report visit https://www.researchandmarkets.com/research/zgl3qb/automation?w=5

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SOURCE Research and Markets