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Global Automation Solutions Market in the Power Industry 2016-2020

Global Automation Solutions Market in the Power Industry 2016-2020



ABSTRACTAbout Automation Solutions in Power Industry

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.

Technavio’s 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:

  • Americas
  • APAC
  • EMEA
Technavio's 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.

Key vendors
  • ABB
  • Honeywell
  • Emerson Electric
  • Schneider Electric
  • Siemens
Other prominent vendors
  • FANUC
  • GE
  • Hitachi
  • IDEC
  • Koyo Electronics
  • Mitsubishi Electric
  • Omron
  • Parsec Automation
  • Yokogawa
Market driver
  • Rise in investments in smart power grids
  • For a full, detailed list, view our report
Market challenge
  • High cost of upgrading to smart grids
  • For a full, detailed list, view our report
Market trend
  • Adoption of IoT in power industry
  • For a full, detailed list, view our report
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?


Press Release

Technavio Announces the Publication of its Research Report – Global Automation Solutions Market in Power Industry 2016-2020

Technavio 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 Technavio’s 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.

Companies Mentioned

ABB, Honeywell, Emerson Electric, Schneider Electric, Siemens, FANUC, GE, Hitachi, IDEC, Koyo Electronics, Mitsubishi Electric, Omron, Parsec Automation, Yokogawa.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Market split
      • Table Key geographies covered
    • Top-vendor offerings
      • Table Product offerings
    • Other prominent vendors
      • Table Other prominent vendors
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Electricity demand CAGR 2014-2035
      • Table Global installed capacity versus population of top 20 economies 2015
  • Market landscape
    • Global market size and forecast
      • Table Global automation solutions market in power industry 2015-2020 ($ billions)
      • Table Cumulative T&D infrastructure investments in Brazil 2014-2035 ($ trillions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product
    • Global automation solutions market in power industry by SCADA
      • Table Global automation solutions market in power industry by SCADA 2015-2020 ($ billions)
    • Global automation solutions market in power industry by DCS
      • Table Global automation solutions market in power industry by DCS 2015-2020 ($ billions)
    • Global automation solutions market in power industry by PLC
      • Table Global automation solutions market in power industry by PLC 2015-2020 ($ billions)
    • Global automation solutions market in power industry by MES
      • Table Global automation solutions market in power industry by MES 2015-2020 ($ millions)
  • Geographical segmentation
    • Table Global automation solutions market in power industry 2015 and 2020
    • Automation solutions market in power industry by APAC
      • Table Automation solutions market in power industry by APAC 2015-2020 ($ billions)
    • Automation solutions market in power industry by EMEA
      • Table Smart grid scenario in Europe
      • Table Automation solutions market in power industry in EMEA 2015-2020 ($ billions)
    • Automation solutions market in power industry by Americas
      • Table Automation solutions market in power industry by Americas 2015-2020 ($ billions)
      • Table US smart grid investment grant projects
      • Table T&D investments in Brazil 2014-2035 ($ billions)
  • Market drivers
    • Table Global smart grid technologies annual spending 2015-2020 ($ billions)
    • Table T&D and AT&C losses in India
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Table Smart grid VC funding Q4'2014 - Q4'2015
    • Key vendor analysis
      • ABB
    • Honeywell
    • Rockwell Automation
    • Emerson Electric
    • Schneider Electric
      • Table Products offerings
    • Siemens
    • Key takeaways
  • Appendix
    • List of abbreviations
  • Explore Technavio

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