Automation solutions enable operators and utilities to manage the load on the grid actively. Utilities can also leverage the information obtained from the power grid through these automation solutions, make instant changes to optimize grid conditions, and avoid events that may trigger grid failure.
The analysts forecast the global automation solutions in power industry to grow at a CAGR of 5.68% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global automation solutions in power industry 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of hardware, software licenses, renewal of software licenses, upgrades of existing solutions, and maintenance and services in the power industry.
The market is divided into the following segments based on geography:
The report, Global Automation Solutions Market in Power Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
- Emerson Electric
- Schneider Electric
Other prominent vendors
- Koyo Electronics
- Mitsubishi Electric
- Parsec Automation
- Rise in investments in smart power grids
- High cost of upgrading to smart grids
- Adoption of IoT in power industry
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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PART 02: Scope of the report
- Market overview
- Top-vendor offerings
- Other prominent vendors
- Research methodology
- Economic indicators
Key market highlights
PART 05: Market landscape
Global market size and forecast
Five forces analysis
PART 06: Market segmentation by product
- Global automation solutions market in power industry by SCADA
- Global automation solutions market in power industry by DCS
- Global automation solutions market in power industry by PLC
- Global automation solutions market in power industry by MES
- Automation solutions market in power industry by APAC
- Automation solutions market in power industry by EMEA
- Automation solutions market in power industry by Americas
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
- Key vendor analysis
- Rockwell Automation
- Emerson Electric
- Schneider Electric
- Key takeaways
- List of abbreviations
List of Exhibits
Exhibit 01: Market split
Exhibit 02: Key geographies covered
Exhibit 03: Product offerings
Exhibit 04: Other prominent vendors
Exhibit 05: Electricity demand CAGR 2014-2035
Exhibit 06: Global installed capacity versus population of top 20 economies 2015
Exhibit 07: Global automation solutions market in power industry 2015-2020 ($ billions)
Exhibit 08: Cumulative T&D infrastructure investments in Brazil 2014-2035 ($ trillions)
Exhibit 09: Five forces analysis
Exhibit 10: Global automation solutions market in power industry by SCADA 2015-2020 ($ billions)
Exhibit 11: Global automation solutions market in power industry by DCS 2015-2020 ($ billions)
Exhibit 12: Global automation solutions market in power industry by PLC 2015-2020 ($ billions)
Exhibit 13: Global automation solutions market in power industry by MES 2015-2020 ($ millions)
Exhibit 14: Global automation solutions market in power industry 2015 and 2020
Exhibit 15: Automation solutions market in power industry by APAC 2015-2020 ($ billions)
Exhibit 16: Smart grid scenario in Europe
Exhibit 17: Automation solutions market in power industry in EMEA 2015-2020 ($ billions)
Exhibit 18: Automation solutions market in power industry by Americas 2015-2020 ($ billions)
Exhibit 19: US smart grid investment grant projects
Exhibit 20: T&D investments in Brazil 2014-2035 ($ billions)
Exhibit 21: Global smart grid technologies annual spending 2015-2020 ($ billions)
Exhibit 22: T&D and AT&C losses in India
Exhibit 23: Impact of drivers
Exhibit 24: Impact of drivers and challenges
Exhibit 25: Smart grid VC funding Q4'2014 - Q4'2015
Exhibit 26: Products offerings
The author of the report recognizes the following companies as the key players in the global automation solutions market in power industry: ABB, Honeywell, Emerson Electric, Schneider Electric, and Siemens.
Other Prominent Vendors in the market are: FANUC, GE, Hitachi, IDEC, Koyo Electronics, Mitsubishi Electric, Omron, Parsec Automation, and Yokogawa.
Commenting on the report, an analyst from the research team said: “Automation solutions in cloud is one of the recent trends gaining traction in the market. Automation solutions in the cloud are likely to be a next logical step in the evolution of automation technology in process industries. Power companies can significantly reduce costs, achieve greater flexibility, and enhance functionality by shifting toward cloud-based environments. A cloud-based architecture shifts the task of displaying and maintaining data from the end-user to the cloud-service provider. It eliminates expenses related to the hardware layer of IT infrastructure of automation solutions such as MES and SCADA. It enables users to view data on devices such as tablets and smartphones, and also through email and text messages.”
According to the report, compliance with stringent government regulations is a key driver propelling this market’s growth prospects. Power companies worldwide are looking at automation as an effective means to comply with stringent regulations in their geography and deal with the increased scrutiny of regulatory bodies. Regulatory authorities, especially in Europe and North America, have initiated strict regulations to reduce the carbon dioxide emissions from process industries such as power. Power generation, especially by thermal power plants, results in the emission of harmful greenhouse gases, which harms the natural environment and increases the risk of serious health hazards. The power industry is striving to implement advanced technology processes and equipment to reduce the carbon dioxide emissions during plant operations. Regulations such as the Kyoto Protocol have mandated the reduction of emissions worldwide. In response, the use of automation systems like SCADA has increased considerably in the power industry. These systems measure the emissions in plant operations accurately and help in real-time monitoring and controlling of power plants. Thus, the power industries worldwide are likely to exhibit an increased preference for these systems during the forecast period.
Further, the report states that threat from open-source industrial automation solutions is a major challenge this market is facing. Open-source automation software and solutions are independent platforms that provide a set of tools, which can be manipulated in different ways to produce a unique product and service. The open-source communities offer development libraries, interface applications, mass configuration tools, and front- and back-end applications. The automation solutions based on open platform provides an alternative to expensive in-house design. It helps automation solutions vendors to take advantage of cutting-edge solutions from the open-source community, reap the benefits of crowdsourcing, and avoid expensive development efforts. It supports process industries such as power that are pressurized to reduce large upfront development costs or quick introduction of new features in existing software designs.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.