Industrial Power System Market Analysis

End User (Transportation, Upstream, Petrochemicals, Utility & Power Generation)

The transportation segment in the industrial power system market is projected to have the largest share of 30% in 2037. Globally, a broad range of energy sources (or fuels) are employed for transportation, which is likely to drive the market expansion of the transportation segment in the future decades. As per the report published by U.S. Energy Information Administration, petroleum-derived goods accounted for almost 90% of total transportation sector power consumption in the United States in 2021. Biofuels made for around 6% of the total. Natural gas comprised roughly 4%, with the majority of it employed in natural gas pipeline compressors. Electricity consumption by mass transit systems accounted for less than 1% of the overall transportation business energy consumption. 

Technology (SCADA, PLC, DCS, HMI)

The SCADA segment is expected to increase significantly in the industrial power system market. This is mostly owing to the fact that it offers a snapshot of plant processes and allows for the cooperation of functioning amongst low-level controllers. Furthermore, the system necessitates a continuous source of power and a safe atmosphere in order to monitor the status of complex energy systems in real time. It is also necessary for monitoring and controlling remote systems.

Our in-depth analysis of the global market includes the following segments: