Europe Automation in Combined Heat and Power Market Size, Share & Industry Trends Analysis Report By Component (Controllers, Sensors, Switches & Relays, Drives, and Others), By Control & Safety System, By Country and Growth Forecast, 2022 - 2028
The Europe Automation in Combined Heat and Power Market would witness market growth of 6.5% CAGR during the forecast period (2022-2028).
Every CHP plant has energy management controls, and it's critical to be able to balance various energy sources in real-time. The plant must continuously satiate all energy customers as it produces electricity using district heat and/or process steam. Boilers and turbines must work in harmony with CHP facilities' energy management controls to reduce production costs while upholding environmental compliance.
Gaining the most from heat and/or electricity generation during the whole plant lifecycle is undoubtedly the top priority for all power producers. Installing sophisticated process control software makes it possible. Successful boiler operation depends heavily on stable and effective combustion. Changes in loads, fuel quality, and combustion conditions disrupt combustion. As a result, flue gas emissions and flue gas oxygen content rise, and boiler efficiency decline.
The German industry has a long history of using CHP. When there is a constant need for heat and electricity, CHP facilities are advantageous economically and environmentally. There is always a need for heat at industrial sites since process heat, not space heating, accounts for the majority of the industry's heat needs. Technically, CHP may be used to meet about 48% of industrial heat requirements. The remaining component cannot be produced in CHP plants since it is used at a temperature above 400 °C, such as in the iron and steel sector. The bigger CHP German industry propels the adoption of the automation in combined heat and power market in this region.
The Germany market dominated the Europe Automation in Combined Heat and Power Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.5 billion by 2028. The UK market would showcase a CAGR of 5.6% during (2022 - 2028). Additionally, The France market is experiencing a CAGR of 7.2% during (2022 - 2028).
Based on Component, the market is segmented into Controllers, Sensors, Switches & Relays, Drives, and Others. Based on Control & Safety System, the market is segmented into Supervisory Control & Data Acquisition System (SCADA), Programmable Logic Controller (PLC), Human Machine Interface (HMI), Distributed Control System (DCS), and Systems Instrumented Systems (SIS). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, ABB Group, Honeywell International, Inc., Schneider Electric SE, Siemens AG, Emerson Electric Co., Mitsubishi Electric Corporation, Valmet Oyj, Yokogawa Electric Corporation and Rockwell Automation, Inc.
Scope of the Study
Market Segments covered in the Report:
By Component
- Controllers
- Sensors
- Switches & Relays
- Drives
- Others
- Supervisory Control & Data Acquisition System (SCADA)
- Programmable Logic Controller (PLC)
- Human Machine Interface (HMI)
- Distributed Control System (DCS)
- Systems Instrumented Systems (SIS)
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Omron Corporation
- ABB Group
- Honeywell International, Inc.
- Schneider Electric SE
- Siemens AG
- Emerson Electric Co.
- Mitsubishi Electric Corporation
- Valmet Oyj
- Yokogawa Electric Corporation
- Rockwell Automation, Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Automation in Combined Heat and Power Market, by Component
- 1.4.2 Europe Automation in Combined Heat and Power Market, by Control & Safety System
- 1.4.3 Europe Automation in Combined Heat and Power Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market composition & scenarios
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
- Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.2.4 Geographic Expansions
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2019-2022)
- Chapter 4. Europe Automation in Combined Heat and Power Market by Component
- 4.1 Europe Controllers Market by Country
- 4.2 Europe Sensors Market by Country
- 4.3 Europe Switches & Relays Market by Country
- 4.4 Europe Drives Market by Country
- 4.5 Europe Others Market by Country
- Chapter 5. Europe Automation in Combined Heat and Power Market by Control & Safety System
- 5.1 Europe Supervisory Control & Data Acquisition System (SCADA) Market by Country
- 5.2 Europe Programmable Logic Controller (PLC) Market by Country
- 5.3 Europe Human Machine Interface (HMI) Market by Country
- 5.4 Europe Distributed Control System (DCS) Market by Country
- 5.5 Europe Systems Instrumented Systems (SIS) Market by Country
- Chapter 6. Europe Automation in Combined Heat and Power Market by Country
- 6.1 Germany Automation in Combined Heat and Power Market
- 6.1.1 Germany Automation in Combined Heat and Power Market by Component
- 6.1.2 Germany Automation in Combined Heat and Power Market by Control & Safety System
- 6.2 UK Automation in Combined Heat and Power Market
- 6.2.1 UK Automation in Combined Heat and Power Market by Component
- 6.2.2 UK Automation in Combined Heat and Power Market by Control & Safety System
- 6.3 France Automation in Combined Heat and Power Market
- 6.3.1 France Automation in Combined Heat and Power Market by Component
- 6.3.2 France Automation in Combined Heat and Power Market by Control & Safety System
- 6.4 Russia Automation in Combined Heat and Power Market
- 6.4.1 Russia Automation in Combined Heat and Power Market by Component
- 6.4.2 Russia Automation in Combined Heat and Power Market by Control & Safety System
- 6.5 Spain Automation in Combined Heat and Power Market
- 6.5.1 Spain Automation in Combined Heat and Power Market by Component
- 6.5.2 Spain Automation in Combined Heat and Power Market by Control & Safety System
- 6.6 Italy Automation in Combined Heat and Power Market
- 6.6.1 Italy Automation in Combined Heat and Power Market by Component
- 6.6.2 Italy Automation in Combined Heat and Power Market by Control & Safety System
- 6.7 Rest of Europe Automation in Combined Heat and Power Market
- 6.7.1 Rest of Europe Automation in Combined Heat and Power Market by Component
- 6.7.2 Rest of Europe Automation in Combined Heat and Power Market by Control & Safety System
- Chapter 7. Company Profiles
- 7.1 Omron Corporation
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.1.5.2 Product Launch and Product Expansion:
- 7.1.6 SWOT Analysis
- 7.2 ABB Group
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expense
- 7.2.5 Recent strategies and developments:
- 7.2.5.1 Partnerships, Collaborations, and Agreements:
- 7.2.6 SWOT Analysis
- 7.3 Honeywell International, Inc.
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segmental and Regional Analysis
- 7.3.4 Research & Development Expenses
- 7.3.5 SWOT Analysis
- 7.4 Schneider Electric SE
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expense
- 7.4.5 Recent strategies and developments:
- 7.4.5.1 Partnerships, Collaborations, and Agreements:
- 7.4.6 SWOT Analysis
- 7.5 Siemens AG
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expense
- 7.5.5 Recent strategies and developments:
- 7.5.5.1 Partnerships, Collaborations, and Agreements:
- 7.5.6 SWOT Analysis
- 7.6 Emerson Electric Co.
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 Research & Development Expense
- 7.6.5 Recent strategies and developments:
- 7.6.5.1 Partnerships, Collaborations, and Agreements:
- 7.6.5.2 Geographical Expansions:
- 7.6.5.3 Acquisition and Mergers:
- 7.7 Mitsubishi Electric Corporation
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 Research & Development Expense
- 7.7.5 Recent strategies and developments:
- 7.7.5.1 Partnerships, Collaborations, and Agreements:
- 7.8 Valmet Oyj
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segment & Regional Analysis
- 7.8.4 Research & Development Expense
- 7.8.5 Recent strategies and developments:
- 7.8.5.1 Acquisition and Mergers:
- 7.9 Yokogawa Electric Corporation
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 Recent strategies and developments:
- 7.9.5.1 Acquisition and Mergers:
- 7.10. Rockwell Automation, Inc.
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental and Regional Analysis
- 7.10.4 Research & Development Expenses
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