1 / 22

Global Turbine Control System Market Forecast 2026

Global turbine control system market stood at USD13.95 billion in 2020 and is forecast to grow at a CAGR of over 4% to reach USD 19.06 billion by 2026. https://bit.ly/3dKmRgk

macknene
Download Presentation

Global Turbine Control System Market Forecast 2026

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Published: October 2020 Published: December 2020 Published: February 2021 2015 – 2025 2015 – 2025 2016 – 2026 GLOBAL ORNAMENTAL FISH MARKET GLOBAL TURBINE CONTROL SYSTEM FORECAST & OPPORTUNITIES MARKET – FORECAST & OPPORTUNITIES www.techsciresearch.com www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING MARKET INTELLIGENCE . CONSULTING 1

  2. Ta b l e o f C o n t e n t s S. No. Contents 1. Turbine Control System: Product Overview 2. Research Methodology 3. Executive Summary 4. Voice of Customer 4.1. Brand Awareness 4.2. Factors Considered While Selecting a Supplier 4.3. Satisfaction Level 4.4. Current Need Gaps 4.5. Willingness to Switch From Existing Brand 5. Global Turbine Control System Market Outlook 5.1. Market Size & Forecast 5.1.1. By Value 5.2. Market Share & Forecast 5.2.1. By Type (Gas Turbine, Steam Turbine and Others) By Function (Speed Control; Load Control, Temperature Control, Pressure Control and Others) 5.2.2. 5.2.3. By Component (Sensors, HMI, Controllers, Software and Others) 5.2.4. By Region (Asia-Pacific, Europe, North America, South America, Middle East & Africa) 5.2.5. By Company (2020) 5.3. Product Market Map 6. Asia-Pacific Turbine Control System Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value 2 2 © TechSci Research

  3. Ta b l e o f C o n t e n t s S. No. Contents 6.2. Market Share & Forecast 6.2.1. By Type 6.2.2. By Function 6.2.3. By Component 6.2.4. By Country 6.3. Asia-Pacific: Country Analysis China Turbine Control System Market Outlook 6.3.1. Market Size & Forecast 6.3.1.1. By Value 6.3.1.1.1. Market Share & Forecast 6.3.1.2. By Type 6.3.1.2.1. By Component 6.3.1.2.2. India Turbine Control System Market Outlook 6.3.2. Market Size & Forecast 6.3.2.1. By Value 6.3.2.1.1. Market Share & Forecast 6.3.2.2. By Type 6.3.2.2.1. By Component 6.3.2.2.2. Japan Turbine Control System Market Outlook 6.3.3. Market Size & Forecast 6.3.3.1. By Value 6.3.3.1.1. 3 3 © TechSci Research

  4. Ta b l e o f C o n t e n t s S. No. Contents Market Share & Forecast 6.3.3.2. By Type 6.3.3.2.1. By Component 6.3.3.2.2. South Korea Turbine Control System Market Outlook 6.3.4. Market Size & Forecast 6.3.4.1. By Value 6.3.4.1.1. Market Share & Forecast 6.3.4.2. By Type 6.3.4.2.1. By Component 6.3.4.2.2. Australia Turbine Control System Market Outlook 6.3.5. Market Size & Forecast 6.3.5.1. By Value 6.3.5.1.1. Market Share & Forecast 6.3.5.2. By Type 6.3.5.2.1. By Component 6.3.5.2.2. Singapore Turbine Control System Market Outlook 6.3.6. Market Size & Forecast 6.3.6.1. By Value 6.3.6.1.1. Market Share & Forecast 6.3.6.2. By Type 6.3.6.2.1. By Component 6.3.6.2.2. 4 4 © TechSci Research

  5. Ta b l e o f C o n t e n t s S. No. Contents 6.3.7. Malaysia Turbine Control System Market Outlook 6.3.7.1. Market Size & Forecast 6.3.7.1.1. By Value 6.3.7.2. Market Share & Forecast 6.3.7.2.1. By Type 6.3.7.2.2. By Component 7. North America Turbine Control System Market Outlook 7.1. Market Size & Forecast 7.1.1. By Value 7.2. Market Share & Forecast 7.2.1. By Type 7.2.2. By Function 7.2.3. By Component 7.2.4. By Country 7.3. North America: Country Analysis US Turbine Control System Market Outlook 7.3.1. 7.3.1.1. Market Size & Forecast 7.3.1.1.1. By Value 7.3.1.2. Market Share & Forecast 7.3.1.2.1. By Type 7.3.1.2.2. By Component 5 5 © TechSci Research

  6. Ta b l e o f C o n t e n t s S. No. Contents Canada Turbine Control System Market Outlook 7.3.2. Market Size & Forecast 7.3.2.1. By Value 7.3.2.1.1. Market Share & Forecast 7.3.2.2. 7.3.2.2.1. By Type 7.3.2.2.2. By Component Mexico Turbine Control System Market Outlook 7.3.3. Market Size & Forecast 7.3.3.1. By Value 7.3.3.1.1. Market Share & Forecast 7.3.3.2. 7.3.3.2.1. By Type 7.3.3.2.2. By Component 8. Europe Turbine Control System Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1. By Type 8.2.2. By Function 8.2.3. By Component 8.2.4. By Country 8.3. Europe: Country Analysis Germany Turbine Control System Market Outlook 8.3.1. 8.3.1.1. Market Size & Forecast 6 6 © TechSci Research

  7. Ta b l e o f C o n t e n t s S. No. Contents 8.3.1.1.1. By Value Market Share & Forecast 8.3.1.2. 8.3.1.2.1. By Type 8.3.1.2.2. By Component France Turbine Control System Market Outlook 8.3.2. Market Size & Forecast 8.3.2.1. By Value 8.3.2.1.1. Market Share & Forecast 8.3.2.2. 8.3.2.2.1. By Type 8.3.2.2.2. By Component 8.3.3. United Kingdom Turbine Control System Market Outlook 8.3.3.1. Market Size & Forecast By Value 8.3.3.1.1. Market Share & Forecast 8.3.3.2. 8.3.3.2.1. By Type 8.3.3.2.2. By Component 8.3.4. Italy Turbine Control System Market Outlook 8.3.4.1. Market Size & Forecast By Value 8.3.4.1.1. 7 7 © TechSci Research

  8. Ta b l e o f C o n t e n t s S. No. Contents 8.3.4.2. Market Share & Forecast 8.3.4.2.1. By Type 8.3.4.2.2. By Component 8.3.5. Spain Turbine Control System Market Outlook 8.3.5.1. Market Size & Forecast By Value 8.3.5.1.1. 8.3.5.2. Market Share & Forecast 8.3.5.2.1. By Type 8.3.5.2.2. By Component 9. South America Turbine Control System Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1. By Type 9.2.2. By Function 9.2.3. By Component 9.2.4. By Country 9.3. South America: Country Analysis 9.3.1. Brazil Turbine Control System Market Outlook 9.3.1.1. Market Size & Forecast By Value 9.3.1.1.1. 8 8 © TechSci Research

  9. Ta b l e o f C o n t e n t s S. No. Contents 9.3.1.2. Market Share & Forecast 9.3.1.2.1. By Type 9.3.1.2.2. By Component 9.3.2. Argentina Turbine Control System Market Outlook 9.3.2.1. Market Size & Forecast By Value 9.3.2.1.1 9.3.2.2. Market Share & Forecast 9.3.2.2.1. By Type 9.3.2.2.2. By Component 9.3.3. Colombia Turbine Control System Market Outlook 9.3.3.1. Market Size & Forecast By Value 9.3.3.1.1. 9.3.3.2. Market Share & Forecast 9.3.3.2.1. By Type 9.3.3.2.2. By Component 10. Middle East & Africa Turbine Control System Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1. By Type 10.2.2. By Function 9 9 © TechSci Research

  10. Ta b l e o f C o n t e n t s S. No. Contents 10.2.3. By Component 10.3.4. By Country 10.3. Middle East & Africa: Country Analysis Egypt Turbine Control System Market Outlook 10.3.1. 10.3.1.1. Market Size & Forecast By Value 10.3.1.1.1. 10.3.1.2. Market Share & Forecast 10.3.1.2.1. By Type 10.3.1.2.2. By Component Saudi Arabia Turbine Control System Market Outlook 10.3.2. 10.3.2.1. Market Size & Forecast By Value 10.3.2.1.1. 10.3.2.2. Market Share & Forecast 10.3.2.2.1. By Type 10.3.2.2.2. By Component UAE Turbine Control System Market Outlook 10.3.3. 10.3.3.1. Market Size & Forecast By Value 10.3.3.1.1. 10.3.3.2. Market Share & Forecast 10.3.3.2.1. By Type 10.3.3.2.2. By Component Iran Turbine Control System Market Outlook 10.3.4. 10 10 © TechSci Research

  11. Ta b l e o f C o n t e n t s S. No. Contents 10.3.4.1. Market Size & Forecast By Value 10.3.4.1.1 10.3.4.2. Market Share & Forecast 10.3.4.2.1. By Type 10.3.4.2.2. By Component 11. Market Dynamics 11.1. Drivers 11.2. Challenges 12. Market Trends and Developments 13. Impact of Covid-19 on Global Turbine Control System Market 14. Competitive Landscape 14.1. ABB Limited 14.2. Siemens AG 14.3. General Electric Company 14.4. The Emerson Electric Co. 14.5. Woodward Inc. 14.6. Rolls-Royce PLC 14.7. Rockwell Automation, Inc. 14.8. Honeywell International Inc. 14.9. Heinzmann GmbH & Co. KG 14.10. American Superconductor Corporation 15. Strategic Recommendations 16. About Us & Disclaimer 11 11 © TechSci Research

  12. Product Overview

  13. Product Overview Product Scope: Turbine Control System Turbine control systems are designed to operate a turbine in a safe and reliable manner. A turbine control system supports all the complex technologies to offer highest operational flexibility for the entire power plant, while boosting power and efficiency. Many benefits may be realized by choosing the proper turbine control system, whether it is a mechanical, electrical or a programmable control system. Market Segmentation TYPE FUNCTION TURBINE CONTROL SYSTEM MARKET TURBINE CONTROL SYSTEM MARKET Year Range Steam Turbine • Speed Control • Gas Turbine • Load Control • Others • Temperature Control • Review Period Pressure Control • 2016 – 2019 Others • Base Year COMPONENT REGION 2020 Europe • Software • Estimated Year North America • Sensors • 2021 Asia-Pacific • HMI • South America • Controller • Forecast Period Middle East & Africa • Others • 2022 – 2026 13 13 © TechSci Research

  14. Research Methodology

  15. Research Methodology Market Profiling Data Analysis Data Collection Data Developing List of Respondents Formulating Questionnaire Validation In-depth secondary research was conducted to determine top players in global turbine control system market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about global turbine control system market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design ✓ In-depth Interviews Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution Data Collection ✓ ✓ ✓ Primary Research Secondary Research Paid Sources ✓ ✓ ✓ ✓ ✓ ✓ LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations ✓ Regulatory Body Factiva Hoovers ✓ ✓ ✓ 15 15 © TechSci Research

  16. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of the global turbine control system market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors and projected a significant growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in the global turbine control system market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders and industry experts. The team interviewed more than 20 companies, 50 industry experts and other value chain stakeholders in the global turbine control system market to obtain the overall market size during 2016-2020, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2016-2020. 16 16 © TechSci Research

  17. Research Methodology Respondents were asked about the current and future market growth rates, as well as market shares by type, by function, by component, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the component. Methodology Followed for Calculation of Market Shares: Market shares by type, by function, by component, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading turbine control system players. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies operating in global turbine control system market. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logical checks and analyzed the survey results in SPSS/Tableau Software. 17 17 © TechSci Research

  18. Research Methodology Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast the global turbine control system market, TechSci Research used various forecast techniques such as: Moving Average o Time Series Analysis o Regression Analysis o Econometric and Judgmental Analysis o TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long term period to estimate and analyze market demand scenario. ABB Ltd., Siemens AG, General Electric Company, The Emerson Electric Co., Woodward, Partial List of Companies Interviewed Inc., Rolls-Royce PLC, Rockwell Automation, Inc., Honeywell International Inc., Heinzmann GmbH & Co. KG, American Superconductor Corporation. Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Partial List of Secondary Sources Websites, TechSci Research Proprietary Database & Knowledge Repository, etc. Note: Sum of some shares may not be 100% due to round off till two decimal places. 18 18 © TechSci Research

  19. Industry Brief According to TechSci Research report, “Global Turbine Control System Market By Type [Gas Turbine; Steam Turbine; Others], By Function [Speed Control; Load Control; Temperature Control; Pressure Control; Others], By Component [Sensors; HMI; Controllers; Software; Others] By Region, Competition, Forecast & Opportunities, 2026”, global turbine control system market was valued USD13.95 billion in 2020 and is forecast to grow at a CAGR of over 4% in the next five years. Anticipated growth in the market can be attributed to increasing development of gas-fired power plants and surging focus on enhancing the operational efficiency of power generation. Turbine control systems play a crucial role in the electricity generation while maximizing the efficiency of turbine equipment, thereby enhancing its productivity. Due to continuous growth of industrialization and rapid urbanization across all regions of the globe, the demand for power supply is increasing at a high pace. An increasing number of power generation units especially in India, China & Africa is expected to boost the demand for turbine control systems. Global turbine control system market can be segmented based on type, function, component and region. In terms of component, global turbine control system market has been categorized into sensors, HMI, controllers, software and others. Among these, software category led the market in 2020 with share of 36.08%. The operations of the turbine control system are conducted through electronic functions and algorithms that are incorporated in the software components of the turbine control system, contributing to the leading share of the segment. Some of the companies operating in the turbine control system market include ABB Ltd., Siemens AG, General Electric Company, The Emerson Electric Co., Woodward, Inc., Rolls-Royce PLC, Rockwell Automation, Inc., Honeywell International Inc., Heinzmann GmbH & Co. KG and American Superconductor Corporation. “The market in Asia Pacific is estimated to be the largest in the turbine control system market with a share of 35.20% in 2020 owing to the growing demand for uninterrupted power supply and the rising number of oil and gas activities in the region. Additionally, policy level support from the governments of emerging countries to promulgate gas-based power generation is also supporting turbine control system market in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 19 © TechSci Research

  20. Sample Data - Snapshot Global Turbine Control System Market Size, By Value (USD Million), 2016-2026F CAGR 2016-2020 By Value: xx% CAGR 2021E-2026F By Value: xx% 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Value (USD Million) Europe Turbine Control System Market Share, By Type, By Value, 2016-2026F 2019 2018 2017 2016 2020 2021E 2022F 2023F 2024F 2025F 2026F Steam Turbine 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% Gas Turbine 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% Others 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% Germany Turbine Control System Market Share, By Component, By Value, 2016-2026F 2016 2017 2018 2019 2020 2021E 2022F 2023F 2024F 2025F 2026F Software 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% 50.00% Sensors 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% HMI 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% 15.00% Controller 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% Others 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 5.00% 20 © TechSci Research

  21. Report Ordering Report Name: GLOBAL TURBINE CONTROL SYSTEM MARKET FORECAST & OPPORTUNITIES 2016 – 2026 License Type Price Single User License $4450 Multi-User License $5450 Custom Research License $9450 To View Sample OR Purchase Report 21 © TechSci Research

  22. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports Global Electric Transmission & Distribution Equipment Market By Equipment Type (Wire & Cable, Switchgear, Transformer, Meter, Insulator & Capacitor), By Voltage • (Low Voltage, Medium Voltage, High Voltage), By End-User (Energy and Utilities, Industrial, Commercial and Residential), By Region, Competition, Forecast & Opportunities, 2025 India Network Feedback Devices Market, By Offering (Network Tap v/s Data Monitoring Switch), By Technology (Ethernet, Fiber Optic, InfiniBand), By Organization Size • (SMEs v/s Large Enterprises), By End Users (Enterprises, Telecommunications Industry, Government Organizations, Cloud Service Providers, Others), By Region, Forecast & Opportunities, 2026 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

More Related