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The market is segmented by Application (Turbine controls and Compressor controls), End-User Industry (Power, Oil and Gas, Chemicals, Metals and Mining, and Other End User Industries), Service Type (New Turbomachinery Control System and Retrofit Turbomachinery Control System and Ancillary System), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa)
Fastest Growing Market:
Greater Than 4 %
The turbomachinery control system, retrofitting and ancillary system market is expected to grow at a CAGR of 4.09% during the forecast period of 2020 – 2025. Factors such as increasing shift in focus towards natural gas and adoption of automation technologies in industrial sector are expected to create a huge demand for turbomachinery control systems. However, constantly increasing preference for renewable energy sources, have somewhat resulted to a reduction in investment and demand in turbomachinery control systems in recent years.
The turbomachinery control systems, retrofitting and ancillary services market report include:
|Steam Turbine Controls|
|Gas Turbine Controls|
|Oil and Gas|
|Metals and Mining|
|Other End-user Industries|
|New Turbomachinery Control System|
|Retrofit Turbomachinery Control System and Ancillary Services|
|Middle-East and Africa|
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The global turbomachinery control system, retrofit and ancillary services market is moderately consolidated with some of the major companies holding more than 40% of the market as of 2018. Some of the key companies are General Electric Co., Siemens AG, Emerson Electric Co., Mitsubishi Heavy Industries, Ltd., ABB Ltd., Honeywell International Inc., Rockwell Automation, Inc., Schneider Electric SE, Yokogawa Electric Corporation, among 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 for Turbomachinery Control Systems, Retrofitting, and Ancillary Services in USD billion, until 2025
4.3 Market Size and Demand Forecast for Turbines and Compressors in USD billion, until 2025
4.4 Recent Trends and Developments
4.5 Market Dynamics
4.6 Supply Chain Analysis
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Consumers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Turbine Controls
5.1.2 Steam Turbine Controls
5.1.3 Gas Turbine Controls
5.1.4 Compressor Controls
5.2 End-user Industry
5.2.2 Oil and Gas
5.2.4 Metals and Mining
5.2.5 Other End-user Industries
5.3 Service Type
5.3.1 New Turbomachinery Control System
5.3.2 Retrofit Turbomachinery Control System and Ancillary Services
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 Turbomachinery Automation Vendors
18.104.22.168 ABB Ltd
22.214.171.124 Emerson Electric Co.
126.96.36.199 General Electric Company
188.8.131.52 Honeywell International Inc.
184.108.40.206 Rockwell Automation Inc.
220.127.116.11 Schneider Electric SE
18.104.22.168 Siemens AG
22.214.171.124 Yokogawa Electric Corporation
126.96.36.199 STORK, A Fluor Company
188.8.131.52 Turbine Technology Services Corporation
184.108.40.206 Energy Controls Technology Inc.
220.127.116.11 PetroTech Oil & Gas Inc.
18.104.22.168 HollySys Automation Technologies Ltd
22.214.171.124 China Automation Group Limited
6.3.2 Automation System Original Equipment Manufacturers
126.96.36.199 Voith GmbH & Co. KGaA
188.8.131.52 Woodward, Inc.
184.108.40.206 MAN SE
220.127.116.11 Mitsubishi Electric Corporation Ltd.
18.104.22.168 Compressor Controls Corporation
22.214.171.124 Solar Turbines Incorporated
126.96.36.199 Ingersoll Rand Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability