Turbine Control System Market by Component (Sensors, HMI, Controllers, Software), Type (Steam, Gas), Function (Speed Control, Load Control, Temperature Control, Pressure Control), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2023
[147 Pages Report] The global turbine control system market was valued at USD 14.48 Billion in 2017 and is projected to reach USD 19.00 Billion by 2023, at a CAGR of 4.66% during the forecast period. The growth of the turbine control system market is driven due to the growth of conventional power generation, and increase in operational productivity of the turbines, in turn improving the efficiency of the power plant.
Objectives of the Study
- To define and segment the market with respect to type, function, component, and region
- To provide detailed information on major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
- To strategically analyze the market with respect to individual growth trends, future expansions, and contributions to the market
- To analyze market opportunities for stakeholders and details of a competitive landscape for market leaders
- To forecast the growth of the market with respect to the major regions (Asia Pacific, Europe, North America, South America, and the Middle East and Africa)
- To strategically profile key players and comprehensively analyze their market rankings and core competencies
- To analyze competitive developments, such as new product launches, mergers & acquisitions, expansions and investments, and contracts & agreements, in the market
Research Methodology
This research study involved the use of extensive secondary sources, directories, journals on power generation technologies, and other related rental markets; newsletters and databases such as Hoovers, Bloomberg, Businessweek, and Factiva, among others, to identify and collect information useful for a technical, market-oriented, and commercial study of the global turbine control system market. The primary sources include several industry experts from the core and related industries, vendors, preferred suppliers, technology developers, alliances, and organizations related to all the segments of this industrys value chain. The research methodology has been explained below.
- Study of annual revenues and market developments of the major players providing turbine control system
- Assessment of future trends and growth of types (Gas, Steam, and Others)
- Assessment of the market with respect to the solutions used for different applications at various power generation technologies
After arriving at the overall market size, the total market was split into several segments and sub-segments. The figure given below illustrates the breakdown of primary interviews conducted during the research study based on company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Major players operating in the market include ABB (Switzerland), Siemens (Germany), Honeywell (US), Emerson (US), and GE (US).
Target Audience:
- Companies related to electric power generation
- Energy & Environment associations
- Energy efficiency consultants
- Government and research organizations
- State and national regulatory authorities
- Turbine control system manufacturers
- Manufacturers Associations
- Public and private operators of natural gas power plants
- Institutional investors
- Suppliers of parts and components of the turbines industry
- Distribution consultancies
Scope of the Report:
- By Type
- Gas Turbine
- Steam Turbine
- Others (Wind, Hydro, Small Hydro)
- By Functions
- Speed Control
- Load Control
- Temperature Control
- Pressure Control
- Others (Frequency Influence, and Turbine Stress Influence)
- By Components
- Sensors
- HMI
- Controllers
- Software
- Others (Communication Devices, Processors, and Protection Devices)
- By Region
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- South America
Available Customizations:
With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:
Company Information
Detailed analyses and profiling of additional market players (up to five)
The global turbine control system market is projected to reach a market size of USD 19.00 billion by 2023, growing at a CAGR of 4.66%, from an estimated USD 15.13 billion in 2018. This growth can be attributed to the growth of conventional power generation and increase in operational productivity of the turbines, in turn improving the efficiency of the power plant.
The report segments the turbine control system market, by type, gas turbine, steam turbine, and others. The others segment includes a wind turbine, hydro turbine, and small hydro turbine. The steam turbine segment is expected to have to largest market share by 2023 due to a larger share of coal-based, diesel-based, and oil-based power generation. This segment is also expected to hold the largest market share owing to the global investment in renewable energy sector in Asia Pacific, Middle East, and North America.
The turbine control system market, by components, is segmented into sensors, software, components, HMI, and others. The others segment includes communication devices, processors, and protection devices. Sensor segment is estimated to be the second fastest growing market for turbine control system between 2018 and 2023. Sensors segment include displacement sensors, temperature sensors, vibration sensors, and position sensors, SiC flame tracker sensor, and humidity I&C module. It mainly used to provide real-time control solutions to maximize power output.
The turbine control system market, by functions, is segmented into speed control, load control, temperature control, pressure control, and others. The others segment includes frequency influence, turbine stress influence. The temperature control segment is estimated to be the second fastest growing market for turbine control system, from 2018 to 2023. This market is driven by the increase in the addition of steam based turbine system in countries such as China and India.
In this report, the market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and The Middle East & Africa.
The market in Asia Pacific is estimated to be the largest in the turbine control system market, from 2018 to 2023. Factors such as increasing use of renewable energy to generate power, modernization, upgrading of aging power plants, and increased in power consumption are some of the major key factors to drive the market in the region.
High capital investment and limited re-investment could act as restraints for the turbine control system market. The leading players in the market include GE (US), Siemens (Germany), ABB (Switzerland), Emerson (US) and Rockwell (US). Contracts & agreements was the most commonly adopted strategy by the top players. This was followed by new product launches, expansions and investments, and mergers & acquisitions.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the Market
4.2 Market, By Type
4.3 Market, By Function
4.4 Market, By Component
4.5 Asia Pacific Market, By Country and By Type
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growth of Conventional Power Generation
5.2.1.2 Increase in Operational Productivity
5.2.2 Restraints
5.2.2.1 Growth of Solar Photovoltaic Generation
5.2.2.2 Government Regulations for Conventional Power Generation
5.2.3 Opportunities
5.2.3.1 Increase in Wind Power Generation
5.2.4 Challenges
5.2.4.1 Depleting Fossil Reserves
6 Turbine Control Market, By Component (Page No. - 39)
6.1 Introduction
6.2 Software
6.3 Controller
6.4 Sensors
6.5 HMI
6.6 Others
7 Turbine Control Market, By Function (Page No. - 45)
7.1 Introduction
7.2 Speed Control
7.3 Temperature Control
7.4 Load Control
7.5 Pressure Control
7.6 Others
8 Turbine Control Market, By Type (Page No. - 51)
8.1 Introduction
8.2 Steam Turbine Control System
8.3 Gas Turbine Control System
8.4 Others
9 Turbine Control System, By Region (Page No. - 56)
9.1 Introduction
9.2 North America
9.2.1 By Component
9.2.2 By Function
9.2.3 By Type
9.2.4 By Country
9.2.4.1 US
9.2.4.2 Canada
9.2.4.3 Mexico
9.3 Asia Pacific
9.3.1 By Component
9.3.2 By Function
9.3.3 By Type
9.3.4 By Country
9.3.4.1 China
9.3.4.2 India
9.3.4.3 Japan
9.3.4.4 Australia
9.3.4.5 South Korea
9.3.4.6 Indonesia
9.3.4.7 Philippines
9.3.4.8 Malaysia
9.3.4.9 Rest of Asia Pacific
9.4 Europe
9.4.1 By Component
9.4.2 By Function
9.4.3 By Type
9.4.4 By Country
9.4.4.1 Germany
9.4.4.2 France
9.4.4.3 UK
9.4.4.4 Russia
9.4.4.5 Italy
9.4.4.6 Rest of Europe
9.5 South America
9.5.1 By Component
9.5.2 By Function
9.5.3 By Type
9.5.4 By Country
9.5.4.1 Brazil
9.5.4.2 Argentina
9.5.4.3 Rest of South America
9.6 Middle East & Africa
9.6.1 By Component
9.6.2 By Function
9.6.3 By Type
9.6.4 By Country
9.6.4.1 Saudi Arabia
9.6.4.2 UAE
9.6.4.3 South Africa
9.6.4.4 Qatar
9.6.4.5 Rest of Middle East & Africa
10 Competitive Landscape (Page No. - 90)
10.1 Overview
10.2 Ranking of Players & Industry Concentration, 2017
10.3 Competitive Scenario
10.3.1 Contracts & Agreements
10.3.2 New Product Launches
10.3.3 Investments & Expansions
10.3.4 Others
11 Company Profile (Page No. - 96)
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.1 Benchmarking
11.2 ABB
11.3 AMSC
11.4 CCC
11.5 Emerson
11.6 Ge
11.7 Heinzmann
11.8 Honeywell
11.9 HPI
11.10 Kawasaki
11.11 Mita-Teknik
11.12 Rockwell
11.13 Rolls Royce
11.14 Siemens
11.15 Turbine Control
11.16 Woodward
*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 139)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Related Reports
12.6 Author Details
List of Tables (65 Tables)
Table 1 Turbine Control System Market Snapshot
Table 2 Market, By Component, 20162023 (USD Million)
Table 3 Software: Market Size, By Region, 20162023 (USD Million)
Table 4 Controller: Market Size, By Region, 20162023 (USD Million)
Table 5 Sensors: Market Size, By Region, 20162023 (USD Million)
Table 6 HMI: Market Size, By Region, 20162023 (USD Million)
Table 7 Others: Market Size, By Region, 20162023 (USD Million)
Table 8 Market, By Function, 20162023 (USD Million)
Table 9 Speed Control: Market Size, By Region, 20162023 (USD Million)
Table 10 Temperature Control: Market Size, By Region, 20162023 (USD Million)
Table 11 Load Control: Market Size, By Region, 20162023 (USD Million)
Table 12 Pressure Control: Market Size, By Region, 20162023 (USD Million)
Table 13 Others: Market Size, By Region, 20162023 (USD Million)
Table 14 Market, By Type, 20162023 (USD Million)
Table 15 Steam Turbine Control System: Market Size, By Region, 20162023 (USD Million)
Table 16 Gas Turbine Control System: Market Size, By Region, 20162023 (USD Million)
Table 17 Others: Market Size, By Region, 20162023 (USD Million)
Table 18 Market Size, By Region, 20162023 (USD Million)
Table 19 North America: Market Size, By Component, 20162023 (USD Million)
Table 20 North America: Market Size, By Function, 20162023 (USD Million)
Table 21 North America: Market Size, By Type, 20162023 (USD Million)
Table 22 North America: Market Size, By Country, 20162023 (USD Million)
Table 23 US: Market Size, By Types, 20162023 (USD Million)
Table 24 Canada: Market Size, By Type, 20162023 (USD Million)
Table 25 Mexico: Market Size, By Type, 20162023 (USD Million)
Table 26 Asia Pacific: Market Size, By Component, 20162023 (USD Million)
Table 27 Asia Pacific: Market Size, By Function, 20162023 (USD Million)
Table 28 Asia Pacific: Market Size, By Type, 20162023 (USD Million)
Table 29 Asia Pacific: Market Size, By Country, 20162023 (USD Million)
Table 30 China: Market Size, By Type, 20162023 (USD Million)
Table 31 India: Market Size, By Type, 20162023 (USD Million)
Table 32 Japan: Market Size, By Type, 20162023 (USD Million)
Table 33 Australia: Market Size, By Type, 20162023 (USD Million)
Table 34 South Korea: Market Size, By Type, 20162023 (USD Million)
Table 35 Indonesia: Market Size, By Type, 20162023 (USD Million)
Table 36 Phillippines: Market Size, By Type, 20162023 (USD Million)
Table 37 Malaysia: Market Size, By Type, 20162023 (USD Million)
Table 38 Rest of Asia Pacific: Market Size, By Type, 20162023 (USD Million)
Table 39 Europe: Market Size, By Component, 20162023 (USD Million)
Table 40 Europe: Market Size, By Function, 20162023 (USD Million)
Table 41 Europe: Market Size, By Type, 20162023 (USD Million)
Table 42 Europe: Market Size, By Country, 20162023 (USD Million)
Table 43 Germany: Market Size, By Type, 20162023 (USD Million)
Table 44 France: Market Size, By Type, 20162023 (USD Million)
Table 45 UK: Market Size, By Type, 20162023 (USD Million)
Table 46 Russia: Market Size, By Type, 20162023 (USD Million)
Table 47 Italy: Market Size, By Type, 20162023 (USD Million)
Table 48 Rest of Europe: Market Size, By Type, 20162023 (USD Million)
Table 49 South America: Market Size, By Component, 20162023 (USD Million)
Table 50 South America: Market Size, By Function, 20162023 (USD Million)
Table 51 South America: Market Size, By Type, 20162023 (USD Million)
Table 52 South America: Market Size, By Country, 20162023 (USD Million)
Table 53 Brazil: Market Size, By Type, 20162023 (USD Million)
Table 54 Argentina: Market Size, By Type, 20162023 (USD Million)
Table 55 Rest of South America: Market Size, By Type, 20162023 (USD Million)
Table 56 Middle East & Africa: Market Size, By Component, 20162023 (USD Million)
Table 57 Middle East & Africa: Market Size, By Function, 20162023 (USD Million)
Table 58 Middle East & Africa: Market Size, By Type, 20162023 (USD Million)
Table 59 Middle East & Africa: Market Size, By Country, 20162023 (USD Million)
Table 60 Saudi Arabia: Market Size, By Type, 20162023 (USD Million)
Table 61 UAE: Market Size, By Type, 20162023 (USD Million)
Table 62 South Africa: Market Size, By Type, 20162023 (USD Million)
Table 63 Qatar: Market Size, By Type, 20162023 (USD Million)
Table 64 Rest of Middle East & Africa: Market Size, By Type, 20162023 (USD Million)
Table 65 Siemens, the Most Active Player in the Market, 20142017
List of Figures (42 Figures)
Figure 1 Research Design
Figure 2 Breakdown of Primaries: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Assumptions of the Research Study
Figure 7 Steam Turbine Control System Segment is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 8 Speed Control Segment is Expected to Lead the Market, By Function, During the Forecast Period
Figure 9 Software Segment is Expected to Lead the Market 2018-2023
Figure 10 Asia Pacific is Expected to Dominate the Market During the Forecasted Period
Figure 11 Growth of Conventional Power Generation in Developing Countries is Majorily Driving the Market
Figure 12 Steam Turbine Control System Segment is Expected to Lead the Turbine Control System, Market, 20182023
Figure 13 Speed Control Segment LED the Turbine Control Market in 2017
Figure 14 Software Segment LED the Market in 2017
Figure 15 Asia Pacific LED the Market in 2017
Figure 16 Market: Drivers, Restraints, Opportunities, & Challenges
Figure 17 Net Generation From Solar, 20142017
Figure 18 Top Countries for Solar PV Power, Installed in 2016
Figure 19 Net Wind Power Generation Capacity, 2014-2017
Figure 20 Hydro Carbon Reserves, By Region, 2017
Figure 21 Software Segment Dominated the Market in 2017
Figure 22 Speed Control Segment Dominated the Market in 2017
Figure 23 Steam Turbine Control System Segment Dominated the Market in 2017
Figure 24 North America is the Fastest Growing Market During the Forecast Period
Figure 25 Asia Pacific LED the Market in 2017
Figure 26 North America: Market Snapshot
Figure 27 Asia Pacific: Market Snapshot
Figure 28 Europe: Market Snapshot, 2017
Figure 29 South America: Market Snapshot, 2017
Figure 30 Middle East & Africa: Market Snapshot, 2017
Figure 31 Key Developments in the Market, 20142018
Figure 32 GE LED the Market in 2017
Figure 33 ABB: Company Snapshot
Figure 34 AMSC: Company Snapshot
Figure 35 Emerson: Company Snapshot
Figure 36 GE: Company Snapshot
Figure 37 Honeywell: Company Snapshot
Figure 38 Kawasaki: Company Snapshot
Figure 39 Rockwell: Company Snapshot
Figure 40 Rolls Royce: Company Snapshot
Figure 41 Siemens: Company Snapshot
Figure 42 Woodward: Company Snapshot
Growth opportunities and latent adjacency in Turbine Control System Market