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 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.
- Growth of Conventional Power Generation
- Increase in Operational Productivity
- Growth of Solar Photovoltaic Generation
- Government Regulations for Conventional Power Generation
- Increase in Wind Power Generation
- Depleting Fossil Reserves
- Rolls Royce
- Turbine Control
Key Topics Covered
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
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