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.
Free Valuable Insights: The Global Automation in Combined Heat and Power Market will Hit $20 Billion by 2028, at a CAGR of 7.2%
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
By Control & Safety System
- Supervisory Control & Data Acquisition System (SCADA)
- Programmable Logic Controller (PLC)
- Human Machine Interface (HMI)
- Distributed Control System (DCS)
- Systems Instrumented Systems (SIS)
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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.
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
TABLE 1 Europe Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 2 Europe Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Automation in Combined Heat and Power
TABLE 4 Product Launches And Product Expansions– Automation in Combined Heat and Power
TABLE 5 Acquisition and Mergers– Automation in Combined Heat and Power
TABLE 6 geographical Expansions – Automation in Combined heat and Power
TABLE 7 Europe Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 8 Europe Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 9 Europe Controllers Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Controllers Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Sensors Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Sensors Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Switches & Relays Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Switches & Relays Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Drives Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Drives Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 20 Europe Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 21 Europe Supervisory Control & Data Acquisition System (SCADA) Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Supervisory Control & Data Acquisition System (SCADA) Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe Programmable Logic Controller (PLC) Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Programmable Logic Controller (PLC) Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Human Machine Interface (HMI) Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Human Machine Interface (HMI) Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Distributed Control System (DCS) Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Distributed Control System (DCS) Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Systems Instrumented Systems (SIS) Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe Systems Instrumented Systems (SIS) Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Automation in Combined Heat and Power Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Automation in Combined Heat and Power Market by Country, 2022 - 2028, USD Million
TABLE 33 Germany Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 34 Germany Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 35 Germany Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 36 Germany Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 37 Germany Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 38 Germany Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 39 UK Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 40 UK Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 41 UK Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 42 UK Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 43 UK Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 44 UK Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 45 France Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 46 France Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 47 France Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 48 France Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 49 France Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 50 France Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 51 Russia Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 52 Russia Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 53 Russia Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 54 Russia Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 55 Russia Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 56 Russia Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 57 Spain Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 58 Spain Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 59 Spain Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 60 Spain Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 61 Spain Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 62 Spain Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 63 Italy Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 64 Italy Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 65 Italy Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 66 Italy Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 67 Italy Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 68 Italy Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 69 Rest of Europe Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 70 Rest of Europe Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 71 Rest of Europe Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 72 Rest of Europe Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 73 Rest of Europe Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 74 Rest of Europe Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 75 Key Information – Omron Corporation
TABLE 76 Key Information – ABB Group
TABLE 77 Key Information – Honeywell International, Inc.
TABLE 78 Key information – Schneider Electric SE
TABLE 79 Key Information – Siemens AG
TABLE 80 Key Information – Emerson Electric Co.
TABLE 81 key information – Mitsubishi Electric Corporation
TABLE 82 Key information – Valmet Oyj
TABLE 83 Key Information – Yokogawa Electric Corporation
TABLE 84 Key information – Rockwell Automation, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2022)
FIG 4 Recent strategies and developments: Omron Corporation
FIG 5 SWOT Analysis: Omron Corporation
FIG 6 SWOT Analysis: ABB Group
FIG 7 Swot analysis: Honeywell international, inc.
FIG 8 Swot analysis: Schneider Electric SE
FIG 9 Swot analysis: Siemens AG
FIG 10 Recent strategies and developments: Emerson Electric Co.