(EMAILWIRE.COM, November 17, 2018 ) The turbine control systems market is poised to grow in coming years on account of increasing development of gas-fired power plants and surging focus on enhancing the operational efficiency of power generation. As a result, the industrial sector is witnessing increasing focus towards integration of automation and control technologies in its systems. The natural gas production has witnessed growth in recent years which is expected to drive the gas-based power generation.
The market opportunities for turbine control systems emanate from existing installed turbines and upcoming installations. Gas being a cleaner fuel than coal for power generation is expected to play an important role in decarbonizing the global power sector. This has resulted in ample opportunity for the turbine control systems market. Also, the power industry across the various region is retrofitting its old gas turbine plants with control systems to achieve higher operational efficiency.
Top Companies Profiled in This Report Include:
ABB, AMSC, CCC, Emerson, GE, Heinzmann, Honeywell, HPI, Kawasaki, Mita-Teknik, Rockwell, Rolls Royce, Siemens, Turbine Control, Woodward
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The speed control segment led the Turbine Control System Market in 2017 and is projected to dominate the market during the forecast period. Speed control segment comprises of speed limiting and acceleration functions. Speed control is generally preferred in gas turbines, wind turbines, and steam turbines. Turbines require precise speed control to provide high-quality control accuracy and improved machinery protection. The rise in the adoption of wind generation across the world is one of the major drivers of speed control segment.
In this report, the Turbine Control System Market has been analyzed with respect to five regions, namely, North America, Europe, Asia Pacific, South America, and the Middle East & Africa. Asia Pacific is expected to hold for the largest market share in the global Turbine Control System Market in 2018. According to the International Energy Agency (IEA), China is expected to install 36% of all global hydroelectricity generation capacity, 40% of all worldwide wind energy, and 36% of all solar energy between 2015 and 2021. All the above factors are expected to raise the renewable energy sector in the region are likely to have a positive impact on the Turbine Control System Market.
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Table of Content
1 Introduction
1.1 Scope of Study
1.2 Research Report Guidance
2 Key Takeaways
3 Turbine Control System Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 PEST Analysis
4 Turbine Control System Market-Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 Turbine Control System Market-Global Analysis
5.1 Global Turbine Control System Market Overview
5.2 Global Turbine Control System Market Forecasts and Analysis (US$ Mn)
5.3 Market Positioning/Market Share
5.4 Performance of Key Players
5.5 Expert Opinions
6 Turbine Control System Market-Global Regulatory Scenario
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