The Latin America, Middle East and Africa Automation in Combined Heat and Power Market would 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 would continue to be a dominant market till 2028; thereby, achieving a market value of $377.3 million by 2028. The Argentina market would 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.
Free Valuable Insights: The Global Automation in Combined Heat and Power Market is Predict to reach $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.
By Component
By Control & Safety System
By Country
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