Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Automation in Combined Heat and Power Market size is expected to reach $20.1 billion by 2028, rising at a market growth of 7.2% CAGR during the forecast period.
The Controllers market is leading the Global Automation in Combined Heat and Power Market by Component in 2021, thereby, achieving a market value of $7.1 billion by 2028. In particular for cogeneration (CHP) and other complicated applications, ALL-IN-ONE is an extendable controller for both single and multiple gen-sets working in standby or parallel modes. The controller and display unit's modular design enable simple installation and the addition of several extension modules created to satisfy specific customer requirements.
The Programmable Logic Controller (PLC) market would grow at a CAGR of 7.4% during (2022 – 2028. It is because it has been adapted for the control and suited to the control of production processes, such as assembly lines, robotic devices, machines, or any activity that necessitates a high degree of reliability, ease of programming, and process fault diagnosis is known as a programmable logic controller (PLC) or programmable controller.
The Europe market is generating the highest revenue in the Global Automation in Combined Heat and Power Market by Region in 2021, thereby, achieving a market value of $6.6 billion by 2028. The North America market is expected to witness a CAGR of 7% during (2022 - 2028). Additionally, The Asia Pacific market is expected to witness a CAGR of 7.9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Control & Safety System
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