The North America Automation in Combined Heat and Power Market would witness market growth of 7.0% CAGR during the forecast period (2022-2028).
It is feasible to control the combustion process against fluctuations in production, fuel quantity, fuel quality, and combustion conditions by optimizing combustion. It decreases flue gas oxygen content, nitrogen oxide (NOx) emissions, and carbon monoxide (CO) emissions while stabilizing the combustion process and increasing boiler efficiency. The efficiency of CHP is higher than that of producing electricity and useable thermal energy (or heat) separately. CHP is not a standalone system but rather an energy system made up of various parts that work together to provide heat that can be used in a process as well as power.
In that it also produces heat and electricity, a cogeneration facility is similar to a CHP plant. Cogen technology, as opposed to CHP, generates energy using a simple cycle gas turbine. Steam is then generated using the energy from the gas turbine exhaust. The steam is then entirely utilized in other processes, as opposed to CHP, where a small fraction is sent to power a steam turbine. A decentralized, energy-efficient way to generate both heat and electricity is with a CHP power plant. CHP facilities are capable of generating electricity for a district or a utility or a specific building or facility.
With 25 GW in the industrial sector, 2 GW in the commercial world, and 43 GW in the electric power sector, the combined heat and power (CHP) producing capacity in the United States at the end of 2011 was close to 70 gigawatts (GW), or approximately 7% of the country's total capacity. Industrial CHP plants' generators ran at maximum capacity 57% of the time on average in 2011, or a capacity factor of 57%. CHP installations are also typical in places like California and New York that have a history of utility regulation that supports CHP. Utilizing waste heat from the generation of electricity, CHP technology produces both useable thermal energy and electricity from a single source of energy.
The US market dominated the North America 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 $4.4 billion by 2028. The Canada market is expected to grow at a CAGR of 9.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 8.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Automation in Combined Heat and Power Market is Estimated 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.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Automation in Combined Heat and Power Market, by Component
1.4.2 North America Automation in Combined Heat and Power Market, by Control & Safety System
1.4.3 North America 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. North America Automation in Combined Heat and Power Market by Component
4.1 North America Controllers Market by Country
4.2 North America Sensors Market by Country
4.3 North America Switches & Relays Market by Country
4.4 North America Drives Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Automation in Combined Heat and Power Market by Control & Safety System
5.1 North America Supervisory Control & Data Acquisition System (SCADA) Market by Country
5.2 North America Programmable Logic Controller (PLC) Market by Country
5.3 North America Human Machine Interface (HMI) Market by Country
5.4 North America Distributed Control System (DCS) Market by Country
5.5 North America Systems Instrumented Systems (SIS) Market by Country
Chapter 6. North America Automation in Combined Heat and Power Market by Country
6.1 US Automation in Combined Heat and Power Market
6.1.1 US Automation in Combined Heat and Power Market by Component
6.1.2 US Automation in Combined Heat and Power Market by Control & Safety System
6.2 Canada Automation in Combined Heat and Power Market
6.2.1 Canada Automation in Combined Heat and Power Market by Component
6.2.2 Canada Automation in Combined Heat and Power Market by Control & Safety System
6.3 Mexico Automation in Combined Heat and Power Market
6.3.1 Mexico Automation in Combined Heat and Power Market by Component
6.3.2 Mexico Automation in Combined Heat and Power Market by Control & Safety System
6.4 Rest of North America Automation in Combined Heat and Power Market
6.4.1 Rest of North America Automation in Combined Heat and Power Market by Component
6.4.2 Rest of North America 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 North America Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 2 North America 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 North America Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 8 North America Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 9 North America Controllers Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Controllers Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Sensors Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Sensors Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Switches & Relays Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Switches & Relays Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Drives Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Drives Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 20 North America Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 21 North America Supervisory Control & Data Acquisition System (SCADA) Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Supervisory Control & Data Acquisition System (SCADA) Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Programmable Logic Controller (PLC) Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Programmable Logic Controller (PLC) Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Human Machine Interface (HMI) Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Human Machine Interface (HMI) Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Distributed Control System (DCS) Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Distributed Control System (DCS) Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Systems Instrumented Systems (SIS) Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Systems Instrumented Systems (SIS) Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Automation in Combined Heat and Power Market by Country, 2018 - 2021, USD Million
TABLE 32 North America Automation in Combined Heat and Power Market by Country, 2022 - 2028, USD Million
TABLE 33 US Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 34 US Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 35 US Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 36 US Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 37 US Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 38 US Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 39 Canada Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 40 Canada Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 41 Canada Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 42 Canada Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 43 Canada Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 44 Canada Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 45 Mexico Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 46 Mexico Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 47 Mexico Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 48 Mexico Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 49 Mexico Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 50 Mexico Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 51 Rest of North America Automation in Combined Heat and Power Market, 2018 - 2021, USD Million
TABLE 52 Rest of North America Automation in Combined Heat and Power Market, 2022 - 2028, USD Million
TABLE 53 Rest of North America Automation in Combined Heat and Power Market by Component, 2018 - 2021, USD Million
TABLE 54 Rest of North America Automation in Combined Heat and Power Market by Component, 2022 - 2028, USD Million
TABLE 55 Rest of North America Automation in Combined Heat and Power Market by Control & Safety System, 2018 - 2021, USD Million
TABLE 56 Rest of North America Automation in Combined Heat and Power Market by Control & Safety System, 2022 - 2028, USD Million
TABLE 57 Key Information – Omron Corporation
TABLE 58 Key Information – ABB Group
TABLE 59 Key Information – Honeywell International, Inc.
TABLE 60 Key information – Schneider Electric SE
TABLE 61 Key Information – Siemens AG
TABLE 62 Key Information – Emerson Electric Co.
TABLE 63 key information – Mitsubishi Electric Corporation
TABLE 64 Key information – Valmet Oyj
TABLE 65 Key Information – Yokogawa Electric Corporation
TABLE 66 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.