19:03 | 09.02.2018
Global Automation Control Market in Power Generation Sector – Top 3 Trends by Technavio

Technavio’s latest market research report on the global
automation control market in the power generation sector
provides an analysis of the most important trends expected to impact the
market outlook from 2018-2022. Technavio
defines an emerging trend as a factor that has the potential to
significantly impact the market and contribute to its growth or decline.

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Technavio has published a new market research report on the global automation control market in power generation sector 2018-2022 under their industrial automation library. (Graphic: Business Wire)
According to Technavio analysts, the global automation control market in
the power generation sector will grow at a CAGR of above 6% during the
forecast period. The growing concern to enhance plant performance
through dependable and predictable operations is a major factor driving
the market’s growth.

Enhancing the performance of plant operations is one of the key aspects
that the operators are mostly interested. The emergence of innovative
technologies, such as predictive maintenance and convergence of IT and
OT, is enabling this enhancement of plant performance. With the help of
predictive maintenance and connectivity through the Internet, power
plant automation solutions help in automating turbine control, boiler
control, boiler protection, the balance of the plant, and integration of
third-party systems. Improved plant safety, integrated workflows,
process optimization, transparency, and reliable day-to-day operations
are the major advantages of using an automated control system.
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The three emerging market trends driving the global automation control
market in the power generation sector according to Technavio research
analysts are:

Emergence of integrated solutions

Emergence of cloud-based automation solutions

Virtual Power Plants (VPP) gaining momentum
Emergence of cloud-based automation solutions
Automation solution through cloud gives power companies advantages such
as reduction in costs, functionality enhancement, and to achieve greater
flexibility by shifting toward cloud-based environments. Cloud-based
architecture eliminates the hardware expenses related to the IT
infrastructure of automation solutions such as MES and SCADA. The shift
to cloud service provider through cloud-based architecture from
analyzing and maintaining data from the operators, enables the users to
view data on devices such as tablets and smartphones. These devices are
also used as portable HMIs to monitor remote machines and enable field
technicians to access and control the processes. Integration of near
field communication (NFC) and Global positioning system (GPS), have
enabled the installation of SCADA in iPads and smartphones.
“The adoption of cloud-based SCADA solutions is expected to reduce
end-users’ costs up to 25% when compared with traditional SCADA
solutions in the power industry. In Southeast Asia and India, due to the
rising energy demands, 30% of the power companies are expected to deploy
their operations on the cloud by 2020,” says a senior analyst
at Technavio for research on automation.
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sections of the report such as the market size and forecast, drivers,
challenges, trends, and more.Global automation control market in the power
generation sector segmentation
This market research report segments the global automation control
market in the power generation sector into the following four major
products (DCS, SCADA, PLC, and MES) and three major regions (the
Americas, APAC, and EMEA).

The DCS segment held the largest market share in 2017, accounting for
nearly 50% of the market. However, the market share for this application
is expected to decrease nearly 3% by 2022. The MES product segment is
expected to increase its share by nearly 2% by 2022, showing significant
growth than the rest of the other product segments.

APAC was the leading region for the global
automation control market in the power generation sector in
2017, accounting for a market share of 45%. The region will continue its
dominance through the forecast period.
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customization at the time of purchase.About TechnavioTechnavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning 50 countries. Their client base consists of enterprises of all
sizes, including more than 100 Fortune 500 companies. This growing
client base relies on Technavio’s comprehensive coverage, extensive
research, and actionable market insights to identify opportunities in
existing and potential markets and assess their competitive positions
within changing market scenarios.

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