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Global Power Plant Control System Market Analysis & Trends - Industry Forecast to 2030

Publisher Accuray Research LLP
Published Jul 07, 2024
Length 200 Pages
SKU # AGLP19014083

Description

Global Power Plant Control System Market Analysis & Trends - Industry Forecast to 2030


Power Plant Control System: Market Size

From $12.75 billion in 2024, the global Power Plant Control System market is projected to reach $24.24 billion by 2030. Based on our analysis the market is expected to grow at a CAGR of 11.3 from 2024 - 2030 timeframe. Some of the prominent trends that the market is witnessing include, the rising demand for zero downtime power supply solutions, rising trend of decarbonization and growing adoption of digital solutions.

Global Power Plant Control System Market: Market Dynamics

Expanding data center financing is the most contributing factor to the growth of power plant control system market during the estimated period. With the increasing demand for electricity around the world and particularly in emerging economies, there is a need to raise operating efficiency and operate power plants in a way that takes account of the environment. Installation of control systems in power plants has led to improved plant efficiency; hence, the power plant control systems have been widely adopted in the end-use industry.

For instance, in 2015, the International Energy Agency report on Southeast Asia indicated a gradual shift toward renewable energy technologies. Renewable energy sources are anticipated to constitute a key share of electricity generation in the near future due to the increasing acceptance of renewable technologies in power generation.

On the other hand, lack of standardization and interoperability in power plant control system solutions is likely to obstruct the profit boundaries. In addition, growing environmental consciousness and global warming issues will result in massive boost for the Power Plant Control System market.

Impact of COVID-19 on Power Plant Control System

The outbreak of COVID-19 has a negative impact on the Power Plant Control System Market. Industry executives are anticipating delivery and construction slowdowns, because of the closure of industries to reduce the spread of coronavirus and since the workers started getting sick. Manufacturing disruptions in China and the US could contribute to a significant short-term decline in the power plant control system market. Moreover, due to the COVID-19 outbreak, the value of the local currencies of many countries has devalued. There is a misalignment of supply and demand, which leads to financial losses to the manufactures due to this pandemic; also the key components used in manufacturing power plant control system are typically procured in US dollars, which could result in increased component costs.

By Component

Hardware Segment Dominate the Market in 2024

The hardware segment made huge revenue in 2024 and growing its prominence during the forecast period due to the cost of hardware components accounts for a major share of the total control system cost. The amount of hardware required also scales with the level of complexity and the type of plant, especially in fossil fuel plants.

By Geography

Asia Pacific Region is Leading in the Global Market Place

Asia Pacific is likely to have a huge demand in the forecast period due to the continued fossil fuel power plant investments, especially in China, India, and Southeast Asia along with increased renewable power plant investments in countries such as China, India, Japan, and South Korea are expected to drive the demand for power plant control systems in the region. Growing investments in fossil fuel power plants and renewable power plants in the region are anticipated to drive the market growth.

List of the Key Players Profiled in the Market Include:

• Siemens
• Honeywell
• ABB
• Hitachi
• General Electric
• Emerson
• Schneider Electric
• Toshiba Corp
• Mitsubishi Electric Corp
• Yokogawa Electric Corp

List of the Regions/Countries Profiled in the Market Include:

North America
• US
• Canada
• Mexico

Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe

Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific

Middle East
• Saudi Arabia
• UAE
• Rest of Middle East

Latin America
• Argentina
• Brazil
• Rest of Latin America

Rest of the World (RoW)
• South Africa
• Others

Table of Contents

200 Pages
1 Market Outline
1.1 Definition
1.2 Market Segmentation & Scope
1.3 Market Trends
1.4 Regulatory Factors
1.5 Application Analysis
1.6 End User Analysis
1.7 Strategic Benchmarking
1.8 Opportunity Analysis
2 Executive Summary
3 Research Methodology and Data Source
3.1 Methodology/Research Approach
3.1.1 Research Programs/Design
3.1.2 Market Size Estimation
3.2 Data Source and Assumptions
3.2.1Purchased Database
3.2.2 Company Repository
3.2.3 Secondary Sources
3.2.4 Primary Research
3.2.5 List of Assumptions
4 Market Overview
4.1 Current Trends
4.1.1 Requirement for Effective Management of Cryptographic Keys
4.1.2 Increase in Demand for Information and Data Reliability
4.1.3 Growing Need for Data Security in the Cloud Environment
4.1.4 Growth Opportunities/Investment Opportunities
4.2 Drivers
4.3 Constraints
4.4 Impact of COVID-19
5 Market Factor Analysis
5.1 Porters Five Forces
5.1.1 Bargaining power of suppliers
5.1.2 Bargaining power of buyers
5.1.3 Threat of substitutes
5.1.4 Threat of new entrants
5.1.5 Competitive rivalry
5.2 Value Chain Analysis/Supply Chain Analysis
6 Consumer behaviour analysis/Consumer Research
6.1 Consumer trends and preferences
6.2 Factors affecting buying decision
6.3 Consumer product adoption
6.4 Observation & Recommendations
7 Hardware Security Module Market, By Type
7.1 Universal Serial Bus (USB) Based/ Portable
DATA TABLE Universal Serial Bus (USB) Based/ Portable Market Forecast (2022-2030) (US $MN)
7.2 Server Hardware Security Module (HSM)
DATA TABLE Server Hardware Security Module (HSM) Market Forecast (2022-2030) (US $MN)
7.3 Smart Cards
DATA TABLE Smart Cards Market Forecast (2022-2030) (US $MN)
7.4 Local Area Network (LAN) Based/ Network Attached
DATA TABLE Local Area Network (LAN) Based/ Network Attached Market Forecast (2022-2030) (US $MN)
7.5 Remote Interface
DATA TABLE Remote Interface Market Forecast (2022-2030) (US $MN)
7.6 Local Interface
DATA TABLE Local Interface Market Forecast (2022-2030) (US $MN)
7.7 Peripheral Component Interconnect Express (PCIe)-Based/ Embedded Pluggins
DATA TABLE Peripheral Component Interconnect Express (PCIe)-Based/ Embedded Pluggins Market Forecast (2022-2030) (US $MN)
8 Hardware Security Module Market, By Deployment Type
8.1 Cloud
DATA TABLE Cloud Market Forecast (2022-2030) (US $MN)
8.2 On-Premises
DATA TABLE On-Premises Market Forecast (2022-2030) (US $MN)
9 Hardware Security Module Market, By Application
9.1 Standalone
DATA TABLE Standalone Market Forecast (2022-2030) (US $MN)
9.1.1 Public Key Infrastructure (PKI) and Credential Management
DATA TABLE Public Key Infrastructure (PKI) and Credential Management Market Forecast (2022-2030) (US $MN)
9.1.2 Financial and General-Purpose Transaction
DATA TABLE Financial and General-Purpose Transaction Market Forecast (2022-2030) (US $MN)
9.1.3 Payment Processing
DATA TABLE Payment Processing Market Forecast (2022-2030) (US $MN)
9.1.4 Code and Document Signing
DATA TABLE Code and Document Signing Market Forecast (2022-2030) (US $MN)
9.1.5 Database Encryption
DATA TABLE Database Encryption Market Forecast (2022-2030) (US $MN)
9.1.6 Authentication
DATA TABLE Authentication Market Forecast (2022-2030) (US $MN)
9.1.7 Security Sockets Layer (SSL) and Transport Security Layer (TSL) Connection Establishment
DATA TABLE Security Sockets Layer (SSL) and Transport Security Layer (TSL) Connection Establishment Market Forecast (2022-2030) (US $MN)
9.1.8 Application-Level Encryption
DATA TABLE Application-Level Encryption Market Forecast (2022-2030) (US $MN)
9.1.9 Domain Name System Security Extensions (DNSSEC)
DATA TABLE Domain Name System Security Extensions (DNSSEC) Market Forecast (2022-2030) (US $MN)
9.2 Integrated
DATA TABLE Integrated Market Forecast (2022-2030) (US $MN)
10 Hardware Security Module Market, By Services
10.1 Implementation and Maintenance
DATA TABLE Implementation and Maintenance Market Forecast (2022-2030) (US $MN)
10.2 Training and Consulting
DATA TABLE Training and Consulting Market Forecast (2022-2030) (US $MN)
10.3 Design and Development
DATA TABLE Design and Development Market Forecast (2022-2030) (US $MN)
10.4 Professional Services
DATA TABLE Professional Services Market Forecast (2022-2030) (US $MN)
11 Hardware Security Module Market, By End User
11.1 Medical and Life Sciences
DATA TABLE Medical and Life Sciences Market Forecast (2022-2030) (US $MN)
11.2 Logistics & Hospitality
DATA TABLE Logistics & Hospitality Market Forecast (2022-2030) (US $MN)
11.3 Healthcare
DATA TABLE Healthcare Market Forecast (2022-2030) (US $MN)
11.4 Banking, Financial Services and Insurance (BFSI)
DATA TABLE Banking, Financial Services and Insurance (BFSI) Market Forecast (2022-2030) (US $MN)
11.5 Aerospace & Defense
DATA TABLE Aerospace & Defense Market Forecast (2022-2030) (US $MN)
11.6 Retail Stores, Supermarkets, and Shopping Malls
DATA TABLE Retail Stores, Supermarkets, and Shopping Malls Market Forecast (2022-2030) (US $MN)
11.7 Industrial Manufacturing
DATA TABLE Industrial Manufacturing Market Forecast (2022-2030) (US $MN)
11.7.1 Discrete Manufacturing
DATA TABLE Discrete Manufacturing Market Forecast (2022-2030) (US $MN)
11.7.2 Process Manufacturing
DATA TABLE Process Manufacturing Market Forecast (2022-2030) (US $MN)
11.8 Military and Defence
DATA TABLE Military and Defence Market Forecast (2022-2030) (US $MN)
11.9 Consumer Goods
DATA TABLE Consumer Goods Market Forecast (2022-2030) (US $MN)
11.10 Public Sector/ Government
DATA TABLE Public Sector/ Government Market Forecast (2022-2030) (US $MN)
11.11 Information Technology (IT) and Telecommunications
DATA TABLE Information Technology (IT) and Telecommunications Market Forecast (2022-2030) (US $MN)
11.12 Transportation & Automotive
DATA TABLE Transportation & Automotive Market Forecast (2022-2030) (US $MN)
11.13 Education
DATA TABLE Education Market Forecast (2022-2030) (US $MN)
11.14 Entertainment & Media
DATA TABLE Entertainment & Media Market Forecast (2022-2030) (US $MN)
11.15 Energy, Power and Utility
DATA TABLE Energy, Power and Utility Market Forecast (2022-2030) (US $MN)
11.16 Sports
DATA TABLE Sports Market Forecast (2022-2030) (US $MN)
11.17 Corporate
DATA TABLE Corporate Market Forecast (2022-2030) (US $MN)
12 Hardware Security Module Market, By Organization Size
12.1 Small and Medium Enterprises (SMEs)
DATA TABLE Small and Medium Enterprises (SMEs) Market Forecast (2022-2030) (US $MN)
12.2 Large Enterprises
DATA TABLE Large Enterprises Market Forecast (2022-2030) (US $MN)
13 Hardware Security Module Market, By Geography
13.1 North America
DATA TABLE North America Market Forecast by Countries to 2030 (US$ MN)
13.1.1 US
13.1.2 Canada
13.1.3 Mexico
13.2 Europe
DATA TABLE Europe Market Forecast by Countries to 2030 (US$ MN)
13.2.1 Germany
13.2.2 U.K
13.2.3 Italy
13.2.4 France
13.2.5 Spain
13.2.6 Rest of Europe
13.3 Asia Pacific
DATA TABLE Asia Pacific Market Forecast by Countries to 2030 (US$ MN)
13.3.1 China
13.3.2 Japan
13.3.3 India
13.3.4 Australia
13.3.5 New Zealand
13.3.6 Rest of Asia Pacific
13.4 Middle East
DATA TABLE Middle East Market Forecast by Countries to 2030 (US$ MN)
13.4.1 Saudi Arabia
13.4.2 UAE
13.4.3 Rest of Middle East
13.5 Latin America
DATA TABLE Latin America Market Forecast by Countries to 2030 (US$ MN)
13.5.1 Argentina
13.5.2 Brazil
13.5.3 Rest of Latin America
13.6 Rest of the World (RoW)
DATA TABLE Rest of the World (RoW) Market Forecast by Countries to 2030 (US$ MN)
13.6.1 South Africa
13.6.2 Others
14 Key Player Activities
14.1 Acquisitions & Mergers
14.2 Agreements, Partnerships, Collaborations and Joint Ventures
14.3 Product Launch & Expansions
14.4 Other Activities
15 Leading Companies
15.1 IBM Corporation
15.2 Microchip Technology
15.3 Infineon Technologies
15.4 Thales E-Security Inc. (Thales Group)
15.5 Ultimaco GmbH
15.6 Swift
15.7 Ledger
15.8 Ultra Electronics
15.9 Hewlett Packard Enterprise
15.10 SPYRUS Solutions, Inc.
15.11 Ledger
List of Tables
Table 1 Global Hardware Security Module Market By Region, Market Forecast (2022-2030) (US $MN)
Table 2 Global Hardware Security Module Market By Type, Market Forecast (2022-2030) (US $MN)
Table 3 Global Hardware Security Module Market By Universal Serial Bus (USB) Based/ Portable, Market Forecast (2022-2030) (US $MN)
Table 4 Global Hardware Security Module Market By Server Hardware Security Module (HSM), Market Forecast (2022-2030) (US $MN)
Table 5 Global Hardware Security Module Market By Smart Cards, Market Forecast (2022-2030) (US $MN)
Table 6 Global Hardware Security Module Market By Local Area Network (LAN) Based/ Network Attached, Market Forecast (2022-2030) (US $MN)
Table 7 Global Hardware Security Module Market By Remote Interface, Market Forecast (2022-2030) (US $MN)
Table 8 Global Hardware Security Module Market By Local Interface, Market Forecast (2022-2030) (US $MN)
Table 9 Global Hardware Security Module Market By Peripheral Component Interconnect Express (PCIe)-Based/ Embedded Pluggins, Market Forecast (2022-2030) (US $MN)
Table 10 Global Hardware Security Module Market By Deployment Type, Market Forecast (2022-2030) (US $MN)
Table 11 Global Hardware Security Module Market By Cloud, Market Forecast (2022-2030) (US $MN)
Table 12 Global Hardware Security Module Market By On-Premises, Market Forecast (2022-2030) (US $MN)
Table 13 Global Hardware Security Module Market By Application, Market Forecast (2022-2030) (US $MN)
Table 14 Global Hardware Security Module Market By Standalone, Market Forecast (2022-2030) (US $MN)
Table 15 Global Hardware Security Module Market By Public Key Infrastructure (PKI) and Credential Management, Market Forecast (2022-2030) (US $MN)
Table 16 Global Hardware Security Module Market By Financial and General-Purpose Transaction, Market Forecast (2022-2030) (US $MN)
Table 17 Global Hardware Security Module Market By Payment Processing, Market Forecast (2022-2030) (US $MN)
Table 18 Global Hardware Security Module Market By Code and Document Signing, Market Forecast (2022-2030) (US $MN)
Table 19 Global Hardware Security Module Market By Database Encryption, Market Forecast (2022-2030) (US $MN)
Table 20 Global Hardware Security Module Market By Authentication, Market Forecast (2022-2030) (US $MN)
Table 21 Global Hardware Security Module Market By Security Sockets Layer (SSL) and Transport Security Layer (TSL) Connection Establishment, Market Forecast (2022-2030) (US $MN)
Table 22 Global Hardware Security Module Market By Application-Level Encryption, Market Forecast (2022-2030) (US $MN)
Table 23 Global Hardware Security Module Market By Domain Name System Security Extensions (DNSSEC), Market Forecast (2022-2030) (US $MN)
Table 24 Global Hardware Security Module Market By Integrated, Market Forecast (2022-2030) (US $MN)
Table 25 Global Hardware Security Module Market By Services, Market Forecast (2022-2030) (US $MN)
Table 26 Global Hardware Security Module Market By Implementation and Maintenance, Market Forecast (2022-2030) (US $MN)
Table 27 Global Hardware Security Module Market By Training and Consulting, Market Forecast (2022-2030) (US $MN)
Table 28 Global Hardware Security Module Market By Design and Development, Market Forecast (2022-2030) (US $MN)
Table 29 Global Hardware Security Module Market By Professional Services , Market Forecast (2022-2030) (US $MN)
Table 30 Global Hardware Security Module Market By End User, Market Forecast (2022-2030) (US $MN)
Table 31 Global Hardware Security Module Market By Medical and Life Sciences, Market Forecast (2022-2030) (US $MN)
Table 32 Global Hardware Security Module Market By Logistics & Hospitality, Market Forecast (2022-2030) (US $MN)
Table 33 Global Hardware Security Module Market By Healthcare, Market Forecast (2022-2030) (US $MN)
Table 34 Global Hardware Security Module Market By Banking, Financial Services and Insurance (BFSI), Market Forecast (2022-2030) (US $MN)
Table 35 Global Hardware Security Module Market By Aerospace & Defense, Market Forecast (2022-2030) (US $MN)
Table 36 Global Hardware Security Module Market By Retail Stores, Supermarkets, and Shopping Malls, Market Forecast (2022-2030) (US $MN)
Table 37 Global Hardware Security Module Market By Industrial Manufacturing, Market Forecast (2022-2030) (US $MN)
Table 38 Global Hardware Security Module Market By Discrete Manufacturing, Market Forecast (2022-2030) (US $MN)
Table 39 Global Hardware Security Module Market By Process Manufacturing , Market Forecast (2022-2030) (US $MN)
Table 40 Global Hardware Security Module Market By Military and Defence, Market Forecast (2022-2030) (US $MN)
Table 41 Global Hardware Security Module Market By Consumer Goods, Market Forecast (2022-2030) (US $MN)
Table 42 Global Hardware Security Module Market By Public Sector/ Government, Market Forecast (2022-2030) (US $MN)
Table 43 Global Hardware Security Module Market By Information Technology (IT) and Telecommunications, Market Forecast (2022-2030) (US $MN)
Table 44 Global Hardware Security Module Market By Transportation & Automotive, Market Forecast (2022-2030) (US $MN)
Table 45 Global Hardware Security Module Market By Education, Market Forecast (2022-2030) (US $MN)
Table 46 Global Hardware Security Module Market By Entertainment & Media, Market Forecast (2022-2030) (US $MN)
Table 47 Global Hardware Security Module Market By Energy, Power and Utility, Market Forecast (2022-2030) (US $MN)
Table 48 Global Hardware Security Module Market By Sports, Market Forecast (2022-2030) (US $MN)
Table 49 Global Hardware Security Module Market By Corporate, Market Forecast (2022-2030) (US $MN)
Table 50 Global Hardware Security Module Market By Organization Size, Market Forecast (2022-2030) (US $MN)
Table 51 Global Hardware Security Module Market By Small and Medium Enterprises (SMEs), Market Forecast (2022-2030) (US $MN)
Table 52 Global Hardware Security Module Market By Large Enterprises, Market Forecast (2022-2030) (US $MN)
NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.

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