December 16, 2021 04:13 ET | Source: Allied Market Research Allied Market Research
Portland, OR, Dec. 16, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global power plant control system market was estimated at $7.3 billion in 2020 and is expected to hit $10.4 billion by 2030, registering a CAGR of 3.6% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Rising urbanization & industrialization and growing use of oil & gas related products drive the growth of the global power plant control system market. On the other hand, high costs associated with power plant control software and several cyber-attacks & threats restrain the growth to some extent. However, expanding gas infrastructure is expected to create lucrative opportunities in the industry.
Download Report Sample (342 Pages PDF with Insights) @ https://www.alliedmarketresearch.com/request-sample/14887
The global power plant control system market is analyzed across component, solution, application, plant type, and region.
Based on component, the hardware segment held the major share in 2020, garnering more than half of the global market. The services segment, on the other hand, would cite the fastest CAGR of 4.2% during the forecast period.
Get detailed COVID-19 impact analysis on the Power Plant Control System Market Request Here
By plant type, the coal segment accounted for more than half of the total market revenue in 2020, and is anticipated to retain its dominance by 2030. The hydroelectric segment would also showcase the fastest CAGR of 5.7% from 2021 to 2030.
Based on region, the market across Asia-Pacific contributed to the major share in 2020, holding around nearly one-third of the global market. The same region would also grow at the fastest CAGR by 4.4% from 2021 to 2030.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/14887
The key market players analyzed in the global power plant control system market report include Emerson, Endress+Hauser, ABB, General Electric, Hitachi, Omron, Rockwell, Schneider Electric, Siemens, and Mitsubishi Electric. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter
Get more information: https://www.alliedmarketresearch.com/library-access
Similar Reports: (Pre-Book Now with 10% Discount)
Biogas Plant Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Floating Power Plant Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Wave and Tidal Energy Market - Global Opportunity Analysis and Industry Forecast, 2021-2028
Power Plant Dust Collector Market: Global Opportunity Analysis and Industry Forecast, 2021-2030
Mobile Power Plant Market: Global Opportunity Analysis and Industry Forecast 2021–2030
Fuel Cell Balance of Plant (BOP) Market: Global Opportunity Analysis and Industry Forecast, 2021-2030
Power System Simulator Market: Global Opportunity Analysis and Industry Forecast 2021–2030
Natural Gas Pipeline Market: Global Opportunity Analysis and Industry Forecast, 2020–2027
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow us on | Facebook | Twitter | LinkedIn