New ARC Advisory Group research on the Distributed Control Systems for Electric Power Generation market reveals that the trend toward renewables continues to stifle growth in the global market. The problem for the DCS market caused by the shift toward renewable generation technologies (wind and utility-scale solar) is that these are typically smaller units and projects than the traditional coal-fired power plants and are more decentralized. This creates greater competition from PLC and IPC-based automation solutions. Generally, the overall number of opportunities is increasing; however, the revenue associated with each opportunity is far lower as the average project size continues to get smaller.
“Regulatory policy is a critical factor in promoting capital investment in the industry. Major capital investment occurs several times in the life of most generating plants. However, investments are more likely to be made when owner-operators are confident that the regulatory policy will support their investments for years, going forward. For older plants in developed countries, policy uncertainty is higher due to the penetration of renewables and the changes they bring to the operation of electric systems,” according to Harry Forbes, Research Director, at ARC Advisory Group and key author of ARC’s Distributed Control Systems for Electric Power Generation Global Market Research report.
About the Distributed Control Systems for Electric Power Generation Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the distributed control systems for electric power market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by region, plant type, application, project type, revenue category, sales channel, and customer type.
This new research is available in a variety of formats to meet the research and budgetary requirements of a wide variety of organizations. These include:
- Market Intelligence Workbook (Excel) – personalized spreadsheet with five-year market forecast. This workbook enables users to freely manipulate the data and make it easier to analyze the latest data for business intelligence and custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
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