Global Power Plant Control Systems Market to Reach $10.1 Billion by 2030
In the changed post COVID-19 business landscape, the global market for Power Plant Control Systems estimated at US$7 Billion in the year 2022, is projected to reach a revised size of US$10.1 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2022-2030. Supervisory Control and Data Acquisition (SCADA), one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$2.4 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Programmable Controllers segment is readjusted to a revised 4.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 7.9% CAGR
The Power Plant Control Systems market size in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.5% and 5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2030.
Select Competitors (Total 74 Featured) –
- ABB Ltd.
- Emerson Electric Company
- Endress+Hauser AG
- General Electric Company
- Hitachi Ltd.
- Honeywell International, Inc.
- Mitsubishi Electric Corporation
- Omron Corporation
- Rockwell Automation, Inc.
- Schneider Electric SA
- Siemens AG
- Toshiba America Energy Systems Corporation
- Yokogawa Electric Corporation
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