$19 Billion Turbine Control System Market by Component, Type, Function and Region - Global Forecasts to 2023 - ResearchAndMarkets.com

DUBLIN--()--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 estimated at USD 15.13 billion in 2018 and is projected to grow at a CAGR of 4.66% to reach USD 19 billion by 2023.

The global market is likely to grow significantly due to increasing conventional power generation in developed countries and due to the demand for the operational productivity of turbines. Although some cost bearing constraints in the installation of turbine control systems are being observed, increase in wind power generation is expected to create better opportunities for the turbine control system market. Depleting fossil reserves are expected to be major challenges for the growth in the turbine control system market.

With regards to the type segment, the steam turbine control system segment is expected to constitute the largest market by 2023. The increasing capacity of coal-based thermal power plants in Asia Pacific, and a large share of diesel-based, and oil-based power generation is driving the market for a steam turbine control system in the turbine control system market.

Market Dynamics

Drivers

  • Growth of Conventional Power Generation
  • Increase in Operational Productivity

Restraints

  • Growth of Solar Photovoltaic Generation
  • Government Regulations for Conventional Power Generation

Opportunity

  • Increase in Wind Power Generation

Challenge

  • Depleting Fossil Reserves

Companies Mentioned

  • ABB
  • AMSC
  • CCC
  • Emerson
  • GE
  • Heinzmann
  • Honeywell
  • HPI
  • Kawasaki
  • Mita-Teknik
  • Rockwell
  • Rolls Royce
  • Siemens
  • Turbine Control
  • Woodward

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

For more information about this report visit https://www.researchandmarkets.com/research/t9mhxm/19_billion?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Turbines, Industrial Automation

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Turbines, Industrial Automation