The global power plant control system market is anticipated to grow at a CAGR of 5.4% during the forecast period (2024-2031). The power plants are rapidly adopting the power plant control systems to ease their operations. For instance, in August 2021, Arevon Energy, Inc. announced to use Nextracker’s NX Horizon smart solar trackers with TrueCapture and NX Navigator optimization software in their 1.5 gigawatts (GW) projects in Indiana and Nevada.
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These software and control systems will provide advanced monitoring, control, and asset management facilities to Arevon. Such widespread adoption of power plant control systems is expected to continue during the forecast period which will drive its market considerably during the forecast period.
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Market Coverage
- Segment Covered-
o By Solution
o By Power Plant Type
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- including ABB Ltd., GE Co.,Emerson Electric Co.,Hitachi Ltd.,Honeywell International, Inc.,Mitsubishi Electric,Siemens AG, Toshiba Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Power Plant Control System Market Report Segment
By Solution
- Supervisory Control & Data Acquisition (SCADA)
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Plant Asset Management (PAM)
- Plant Lifecycle Management (PLM)
By Power Plant Type
- Coal
- Hydroelectric
- Natural Gas
- Nuclear
- Renewable
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