Leading players in 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.
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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.
- 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
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.
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The US, which is one of the largest revenue contributors to the region. The country is expected to develop innovative technologies for advanced gas turbine components.
Increase in investment and continue governmental investments in the economic and infrastructure growth are expected to boost the turbine control systems market in the region.
1 Attractive Opportunities in the Turbine Control System Market
2 Turbine Control System Market, By Type
3 Turbine Control System Market, By Function
4 Turbine Control System Market, By Component
5 Asia Pacific Turbine Control System Market, By Country and By Type
Some of the prominent players in the power quality equipment market include GE (US), Siemens (Germany), ABB (Switzerland), Emerson (US), and Rockwell (US).
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Report defines, describes, and forecasts turbine control system market by type, components, functions, and region. It also offers a detailed qualitative and quantitative analysis of market.
Report provides a comprehensive review of major market drivers, restraints, opportunities, challenges, winning imperatives, and key issues. It also covers various important aspects of the market.
Objectives of the Study
- To define and segment the turbine control system 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 turbine control system 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 turbine control system 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 turbine control system market
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