Global Turbine Control System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Turbine Control System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global turbine control system market report has been segmented on the basis of component, function, type, and region.
Global Turbine Control System Market: Overview
Turbine control system is designed to control systems for all types of turbines and system components such as actuators, pumps, and valves.
Global Turbine Control System Market: Dynamics
Key factor expected to drive growth of the global turbine control system market are growth of wind power generation and increasing operational productivity of the turbines. Increasing focus on using renewable energy sources along with increasing demand for power supply are some of the factors expected to drive growth of the target market. Furthermore, rising demand for uninterrupted power, integration of control and automation technologies in systems, and increasing investment in renewable sources for better capacity utilization and high efficiency are some of the factors expected to fuel growth of the target market. In addition, rapid urbanization, industrialization, coupled with rising energy demand are some other factors expected to boost growth of the global market over the forecast period. In addition, increasing installation of solar PV panels may hamper growth of target market.
According to the document ‘Annual Energy Outlook 2018’ published by US Energy Information Administration (EIA), natural gas production in the US has increased by 59%, starting at 73.6 Bcf/d in 2017 and project to reach 118 Bcf/d in 2050.
Global Turbine Control System Market: Segment Analysis
Among the component segments, the sensor segment is projected to account major revenue share in the global market, and is expected to maintain its dominance over the forecast period.
Among the functions segments, the temperature control segment is anticipated to register significant growth rate in the target market.
Among the type segments, the steam turbine control system is expected to be the fastest-growing segment of the turbine control system market.
Global Turbine Control System Market: Regional Analysis
Asia Pacific is projected to hold major market share in terms of revenue in the global turbine control system market. This is attributed to increasing use of renewable energy sources, upgrading of aging power plants, along with favorable government initiatives to supply natural gas for power generation. According to the report “China’s Global Renewable Energy Expansion” published by International Energy Agency (IEA), China is projected to install 36% of all global hydroelectricity generation capacity, 40% of all worldwide wind energy, and 36% of all solar energy by 2021
The turbine control system market in North America is estimated to account for significant growth in terms of revenue in the global market. Technological advancements and development of innovative gas turbine components, increasing investments for infrastructure and economic growth, increasing project development activities to preserve the demand-supply balance are some factors projected to support the industry growth in North America.
Global Turbine Control System Market Segmentation:
Segmentation by Component:
- Human-Machine Interface (HMI)
- Others (Communication Devices, Processors, and Protection Devices)
Segmentation by Function:
- Speed Control
- Temperature Control
- Load Control
- Pressure Control
- Others (Frequency Influence, and Turbine Stress Influence)
Segmentation by Type:
- Steam Turbine Control System
- Gas Turbine Control System
- Others (Wind, Hydro, Small Hydro)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- American Superconductor
- Compressor Controls Corporation
- Emerson Electric Co
- General Electric Company
- Heinzmann GmbH & Co. KG
- Honeywell International Inc.
- HPI, LLC.
- Kawasaki Heavy Industries, Ltd
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