DUBLIN--(BUSINESS WIRE)--The "Turbine Control System Market by Component (Sensors, HMI, Controllers, Software), Type (Steam, Gas), Function (Speed Control, Load Control, Temperature Control, Pressure Control), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global turbine control system market is projected to reach a market size of USD 19 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.
High capital investment and limited re-investment could act as restraints for the turbine control system market. The leading players in the turbine control system 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.
Market Dynamics
Drivers
- Growth of Conventional Power Generation
- Increase in Operational Productivity
Restraints
- Growth of Solar Photovoltaic Generation
- Government Regulations for Conventional Power Generation
Opportunities
- Increase in Wind Power Generation
Challenges
- Depleting Fossil Reserves
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Turbine Control Market, by Component
7 Turbine Control Market, by Function
8 Turbine Control Market, by Type
9 Turbine Control System Market, by Region
10 Competitive Landscape
11 Company Profile
- ABB
- AMSC
- CCC
- Emerson
- GE
- Heinzmann
- Honeywell
- HPI
- Kawasaki
- Mita-Teknik
- Rockwell
- Rolls Royce
- Siemens
- Turbine Control
- Woodward
For more information about this report visit https://www.researchandmarkets.com/research/4lhkgd/global_turbine?w=4
