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Shift to Renewables, Reduced Power Demand Significantly Hinder Growth in DCSs for Power Generation


ARC Advisory Group
New ARC research on the DCS market for power generation reveals that global reductions in coal-fired generation capacity continue to hinder growth.
The implication of the global shift to renewables means fossil-fired generating plants will obtain a reduced share of future electric generation, and will operate at lower capacity in the future.”
Harry Forbes
DEDHAM, MA, UNITED STATES, May 4, 2021 /EINPresswire.com/ New ARC Advisory Group research on the market for Distributed Control Systems (DCS) for Power Generation reveals that global reductions in coal-fired generation capacity continue to hinder growth. Aging coal plants are increasingly being retired rather than updated and retrofitted with new features. This has been a longstanding trend in Europe, but today most of the new generating capacity planned in North America is wind and solar. While China is a major segment of the global power market and continues to build new coal plants, ....

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