The Latin America, Middle East and Africa Automation in Combined Heat and Power Market is expected to witness market growth of 9.5% CAGR during the forecast period (2022-2028).
Possessing adaptable, process-integrable automation and information platform is a must for being able to reap the benefits of sophisticated technologies. Additionally, it should integrate mechanical condition monitoring, plant information management, and all process controls into a unified platform. Metso's solution is called Metso DNA, and over the past few years, it has become very popular, particularly in European biomass-fuelled CHP facilities.
Power plant operations must be both cost-effective and unhampered in the current economic climate. Every plant strives to operate at peak efficiency and availability. This is only achievable, though, if companies constantly know how efficient the plant is and can respond quickly to issues. There are many automation solutions available today that help with administration, production, and maintenance in power plant operations. For instance, Metso's plant management systems give the facility cutting-edge solutions for streamlining and automating reporting processes, enhancing performance and availability, and increasing sales while lowering production costs.
The development of renewable energy has enormous potential in the United Arab Emirates (UAE), which has one of the highest rates of sun exposure in the entire globe. The country has always been dependent on conventional energy sources due to its significant indigenous oil and gas reserves. A push for economic diversification, however, has resulted in new incentives and the introduction of the most cutting-edge renewable energy technology to prevent the abrupt commodities downturns linked to an oil-based economy. A request for input diversification has also been made as a result of the rapid industrialization, expanding population, and rising demand for the automation in combined heat and power market.
The Brazil market dominated the LAMEA Automation in Combined Heat and Power Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $377.3 million by 2028. The Argentina market is expected to witness a CAGR of 10.1% during (2022 - 2028). Additionally, The UAE market is expected to exhibiting a CAGR of 9.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
Possessing adaptable, process-integrable automation and information platform is a must for being able to reap the benefits of sophisticated technologies. Additionally, it should integrate mechanical condition monitoring, plant information management, and all process controls into a unified platform. Metso's solution is called Metso DNA, and over the past few years, it has become very popular, particularly in European biomass-fuelled CHP facilities.
Power plant operations must be both cost-effective and unhampered in the current economic climate. Every plant strives to operate at peak efficiency and availability. This is only achievable, though, if companies constantly know how efficient the plant is and can respond quickly to issues. There are many automation solutions available today that help with administration, production, and maintenance in power plant operations. For instance, Metso's plant management systems give the facility cutting-edge solutions for streamlining and automating reporting processes, enhancing performance and availability, and increasing sales while lowering production costs.
The development of renewable energy has enormous potential in the United Arab Emirates (UAE), which has one of the highest rates of sun exposure in the entire globe. The country has always been dependent on conventional energy sources due to its significant indigenous oil and gas reserves. A push for economic diversification, however, has resulted in new incentives and the introduction of the most cutting-edge renewable energy technology to prevent the abrupt commodities downturns linked to an oil-based economy. A request for input diversification has also been made as a result of the rapid industrialization, expanding population, and rising demand for the automation in combined heat and power market.
The Brazil market dominated the LAMEA Automation in Combined Heat and Power Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $377.3 million by 2028. The Argentina market is expected to witness a CAGR of 10.1% during (2022 - 2028). Additionally, The UAE market is expected to exhibiting a CAGR of 9.2% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 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.
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Automation in Combined Heat and Power Market by Component
Chapter 5. LAMEA Automation in Combined Heat and Power Market by Control & Safety System
Chapter 6. LAMEA Automation in Combined Heat and Power Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- 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.
Methodology
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