Press release
Power plant control systems Market 2021-2027
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According to a market report published by Bizwit Research & Consulting, LLP, the global Power Plant Control System market is valued at approximately USD 7.05 billion in 2020 and is anticipated to grow with a healthy growth rate of nearly 7.54 % over the forecast period 2021-2027.
The trending factors such as the growth in the renewables sector and the rising trend towards automation are significant in increasing the penetration of power plant control systems. Renewable energy contributes to a much lower carbon footprint in the environment than coal, natural gas, and other fossil fuels while reducing harmful air pollutants and global warming. Owing to such benefits, there is a significant shift in the adoption of renewables in the power plants so as to meet the increasing energy demand that in turn increases the requirement for advanced control systems to regulate, monitor, and control the networked devices, inverters, and equipment at the power plant.
In addition, key market players across the globe are involved in the automation, up-gradation, and modernization of aging power plants with high-tech and advanced control systems. Also, market players such as Siemens Energy, ABB, Emerson, Rockwell, and others are involved in the production and launch of technologically advanced control systems for power plants catering to the requirements of plant operators.
Global Power Plant Control System Market Size Study, by Plant Type (Coal, Natural Gas, Oil, Hydroelectric, Nuclear, and Renewable), by Solution (SCADA, DCS, Programmable Controllers, and Others), By Application (Boiler & Auxiliaries Control, Turbine & Auxiliaries Control, Generator Excitation & Electrical Control, and Others), and Regional Forecasts 2021-2027
The global Power Plant Control System market report by Bizwit Research & Consulting, LLP, segments the market by plant type, solution, and application. The total market revenue is calculated through the sales of Power Plant Control System devices and software. However, revenue generated through the repair and installation of power plant control systems is excluded from the report. Major companies covered under the report include Siemens Energy, ABB, Emerson, Rockwell, etc. Other popular regional players across various countries are also considered for revenue calculation.
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and their future impact to estimates and forecast different business segments and markets. We incorporate big data, expert analysis, and a huge industry database to deliver client-focused business consulting reports.
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