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The market is segmented by Type (Steam Turbine Control System, Gas Turbine Control System, and Others), Function (Speed Control, Temperature Control, Load Control, Pressure Control, and Others), Components (Software, Controller, Sensors, HMI, and Others), and Geography (North America, Asia-Pacific, Europe, South America, and Middle-East and Africa)
Fastest Growing Market:
The turbine control system market majorly depends on the power generation industry and is expected to grow with more than a CAGR of over 3.6% during the forecast period of 2020 – 2025. Turbine control systems play a crucial role in the energy generation, manufacturing, and process industries. The turbine control systems maximize the efficiency of turbine equipment, thereby enhancing its productivity. The abundance of natural gas, coupled with its increasing applications across various end-user industries, especially power generation, is expected to spur the growth of the global natural gas consumption. The growing use of natural gas is expected to drive the demand for turbine-based power plants, which, in turn, is likely to escalate the need for the turbine control systems market, globally. However, the increasing growth in solar power-based generation encourages the power plant generated electricity users to opt for alternate energy production methods, which, in the long run, reduces the deployment of the turbine control system, thus restraining the growth of the market studied.
The turbine control system market report include:
|Steam Turbine Control System|
|Gas Turbine Control System|
|Middle-East and Africa|
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The turbine control system market is moderately fragmented due to many companies operating in the industry. The key players in this market include ABB Ltd., Emerson Electric Co., Ltd., General Electric Company, Rockwell Automation, Siemens AG, and others.
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.2 Market Size and Demand Forecast, in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Steam Turbine Control System
5.1.2 Gas Turbine Control System
5.2.1 Speed Control
5.2.2 Temperature Control
5.2.3 Load Control
5.2.4 Pressure Control
5.4.1 North America
5.4.4 South America
5.4.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 ABB Ltd
6.3.2 Emerson Electric Co.
6.3.3 UBE Industries, Ltd.
6.3.4 General Electric Company
6.3.5 Honeywell International Inc.
6.3.6 Rockwell Automation
6.3.7 Siemens AG
6.3.8 Rolls-Royce Holding PLC
6.3.9 Kawasaki Heavy Industries Ltd
6.3.10 Mita-Teknik AS
7. MARKET OPPORTUNITIES AND FUTURE TRENDS