Global Turbine Control Systems Market Size study & Forecast, by Component, By Function, By Type and Regional Analysis, 2022-2029

Description

List of Tables

Global Turbine Control Systems Market is valued at approximately USD 17.37 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.66% over the forecast period 2022-2029. Turbine control systems are used to regulate and control the operation of turbines, which are used in various industries to generate power from steam or gas. The Turbine Control Systems market is expanding because of factors such as the rising development of hydro projects and the rising adoption of automated turbine technology.

These systems use a combination of mechanical, electrical, and electronic components to monitor and control the operation of the turbine and its associated equipment. Its prevalence has progressively increased during the last few decades. According to the Statista, in 2021, the global installed capacity of renewable power will have surpassed 3 terawatts, with hydropower accounting for approximately 1.2 terawatts. Furthermore, in 2021 The Three Gorges Dam on the Yangtze River in China has been the world's largest hydroelectric dam in terms of power generation. The dam was equipped with 34 turbo generators, and the power plant had a capacity of 22.5 gigatons. Another important component driving space rising adoption of automated turbine technology. As per Statista, in 2021, China accounts leading position in terms of hydroelectricity generation worldwide with approx. 1,300 terawatt hours generated from hydro sources. In comparison, Russia's generated around 214.5-terawatt hours of energy during the same year. In addition, in 2021, the market value of global gas turbines are expected to reach over USD 20 billion worldwide. Also, advancements in the formulation and rising government initiatives to explore renewable sources of energy would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Turbine Control Systems stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Turbine Control Systems Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the rising technological advancement in turbine-based technology. According to Statista, in 2021, over 1.3 petawatt hours of energy were produced from renewable sources in North America. Furthermore, Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, and an increasing government initiative in promoting renewable energy consumption in the market space.

Major market player included in this report are:

Honeywell International Inc. (US)
General Electric Company (US)
Emerson Electric Co. (US)
ABB (Switzerland)
Heinzmann GmbH & Co. KG (Germany)
Woodward Inc. (the US)
DNV GL (Norway)
Siemens AG (Germany)
Rockwell Automation (US)
Spica Technology Aps (Denmark)

Recent Developments in the Market:

In March 2020, Brest Republican Unitary Enterprise of Electricity Industry in Belarus awarded Siemens a turbine supply contract. The company will supply five SGT-800 industrial gas turbines for a new 254MW peak load and backup power plant.

Global Turbine Control Systems Market Report Scope:

Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Component, Function, Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Component:

Hardware
Software

By Function:

Speed Control
Temperature Control
Load Control
Pressure Control
Others

By Type:

Gas Turbine Control System
Steam Turbine Control System
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Turbine Control Systems Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Turbine Control Systems Market, by Component, 2019-2029 (USD Billion)
- 1.2.3. Turbine Control Systems Market, by Function, 2019-2029 (USD Billion)
- 1.2.4. Turbine Control Systems Market, by Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Turbine Control Systems Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Turbine Control Systems Market Dynamics

3.1. Turbine Control Systems Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising development of hydro projects
  - 3.1.1.2. Rising adoption of automated turbine technology
- 3.1.2. Market Challenges
  - 3.1.2.1. High Cost of Turbine Control Systems
- 3.1.3. Market Opportunities
  - 3.1.3.1. Advancements in Formulation
  - 3.1.3.2. Rising government initiatives to explore renewable sources of energy.

Chapter 4. Global Turbine Control Systems Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Risk Assessment: COVID-19 Impact

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

Chapter 6. Global Turbine Control Systems Market, by Component

6.1. Market Snapshot
6.2. Global Turbine Control Systems Market by Component, Performance - Potential Analysis
6.3. Global Turbine Control Systems Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
6.4. Turbine Control Systems Market, Sub Segment Analysis
- 6.4.1. Hardware
- 6.4.2. Software

Chapter 7. Global Turbine Control Systems Market, by Function

7.1. Market Snapshot
7.2. Global Turbine Control Systems Market by Function, Performance - Potential Analysis
7.3. Global Turbine Control Systems Market Estimates & Forecasts by Function 2019-2029 (USD Billion)
7.4. Turbine Control Systems Market, Sub Segment Analysis
- 7.4.1. Speed Control
- 7.4.2. Temperature Control
- 7.4.3. Load Control
- 7.4.4. Pressure Control
- 7.4.5. Others

Chapter 8. Global Turbine Control Systems Market, by Type

8.1. Market Snapshot
8.2. Global Turbine Control Systems Market by Type, Performance - Potential Analysis
8.3. Global Turbine Control Systems Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
8.4. Turbine Control Systems Market, Sub Segment Analysis
- 8.4.1. Gas Turbine Control System
- 8.4.2. Steam Turbine Control System
- 8.4.3. Others

Chapter 9. Global Turbine Control Systems Market, Regional Analysis

9.1. Turbine Control Systems Market, Regional Market Snapshot
9.2. North America Turbine Control Systems Market
- 9.2.1. U.S. Turbine Control Systems Market
  - 9.2.1.1. Component breakdown estimates & forecasts, 2019-2029
  - 9.2.1.2. Function breakdown estimates & forecasts, 2019-2029
  - 9.2.1.3. Type breakdown estimates & forecasts, 2019-2029
- 9.2.2. Canada Turbine Control Systems Market
9.3. Europe Turbine Control Systems Market Snapshot
- 9.3.1. U.K. Turbine Control Systems Market
- 9.3.2. Germany Turbine Control Systems Market
- 9.3.3. France Turbine Control Systems Market
- 9.3.4. Spain Turbine Control Systems Market
- 9.3.5. Italy Turbine Control Systems Market
- 9.3.6. Rest of Europe Turbine Control Systems Market
9.4. Asia-Pacific Turbine Control Systems Market Snapshot
- 9.4.1. China Turbine Control Systems Market
- 9.4.2. India Turbine Control Systems Market
- 9.4.3. Japan Turbine Control Systems Market
- 9.4.4. Australia Turbine Control Systems Market
- 9.4.5. South Korea Turbine Control Systems Market
- 9.4.6. Rest of Asia Pacific Turbine Control Systems Market
9.5. Latin America Turbine Control Systems Market Snapshot
- 9.5.1. Brazil Turbine Control Systems Market
- 9.5.2. Mexico Turbine Control Systems Market
- 9.5.3. Rest of Latin America Turbine Control Systems Market
9.6. Rest of The World Turbine Control Systems Market

Chapter 10. Competitive Intelligence

10.1. Top Market Strategies
10.2. Company Profiles
- 10.2.1. Honeywell International Inc. (US)
  - 10.2.1.1. Key Information
  - 10.2.1.2. Overview
  - 10.2.1.3. Financial (Subject to Data Availability)
  - 10.2.1.4. Product Summary
  - 10.2.1.5. Recent Developments
- 10.2.2. General Electric Company (US)
- 10.2.3. Emerson Electric Co. (US)
- 10.2.4. ABB (Switzerland)
- 10.2.5. Heinzmann GmbH & Co. KG (Germany)
- 10.2.6. Woodward Inc. (the US)
- 10.2.7. DNV GL (Norway)
- 10.2.8. Siemens AG (Germany)
- 10.2.9. Rockwell Automation (US)
- 10.2.10. Spica Technology Aps (Denmark)

Chapter 11. Research Process

11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Turbine Control Systems Market, report scope
TABLE 2. Global Turbine Control Systems Market estimates & forecasts by Region 2019-2029 (USD Billion)
TABLE 3. Global Turbine Control Systems Market estimates & forecasts by Component 2019-2029 (USD Billion)
TABLE 4. Global Turbine Control Systems Market estimates & forecasts by Function 2019-2029 (USD Billion)
TABLE 5. Global Turbine Control Systems Market estimates & forecasts by Type 2019-2029 (USD Billion)
TABLE 6. Global Turbine Control Systems Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 7. Global Turbine Control Systems Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 8. Global Turbine Control Systems Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 9. Global Turbine Control Systems Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 10. Global Turbine Control Systems Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 11. Global Turbine Control Systems Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 12. Global Turbine Control Systems Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 13. Global Turbine Control Systems Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 14. Global Turbine Control Systems Market by segment, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 15. Global Turbine Control Systems Market by region, estimates & forecasts, 2019-2029 (USD Billion)
TABLE 16. U.S. Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 17. U.S. Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 18. U.S. Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 19. Canada Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 20. Canada Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 21. Canada Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 22. UK Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 23. UK Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 24. UK Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 25. Germany Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 26. Germany Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 27. Germany Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 28. France Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 29. France Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 30. France Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 31. Italy Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 32. Italy Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 33. Italy Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 34. Spain Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 35. Spain Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 36. Spain Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 37. RoE Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 38. RoE Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 39. RoE Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 40. China Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 41. China Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 42. China Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 43. India Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 44. India Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 45. India Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 46. Japan Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 47. Japan Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 48. Japan Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 49. South Korea Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 50. South Korea Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 51. South Korea Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 52. Australia Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 53. Australia Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 54. Australia Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 55. RoAPAC Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 56. RoAPAC Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 57. RoAPAC Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 58. Brazil Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 59. Brazil Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 60. Brazil Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 61. Mexico Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 62. Mexico Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 63. Mexico Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 64. RoLA Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 65. RoLA Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 66. RoLA Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 67. Row Turbine Control Systems Market estimates & forecasts, 2019-2029 (USD Billion)
TABLE 68. Row Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 69. Row Turbine Control Systems Market estimates & forecasts by segment 2019-2029 (USD Billion)
TABLE 70. List of secondary sources, used in the study of global Turbine Control Systems Market
TABLE 71. List of primary sources, used in the study of global Turbine Control Systems Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered

List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

List of figures

FIG 1. Global Turbine Control Systems Market, research methodology
FIG 2. Global Turbine Control Systems Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Turbine Control Systems Market, key trends 2021
FIG 5. Global Turbine Control Systems Market, growth prospects 2022-2029
FIG 6. Global Turbine Control Systems Market, porters 5 force model
FIG 7. Global Turbine Control Systems Market, pest analysis
FIG 8. Global Turbine Control Systems Market, value chain analysis
FIG 9. Global Turbine Control Systems Market by segment, 2019 & 2029 (USD Billion)
FIG 10. Global Turbine Control Systems Market by segment, 2019 & 2029 (USD Billion)
FIG 11. Global Turbine Control Systems Market by segment, 2019 & 2029 (USD Billion)
FIG 12. Global Turbine Control Systems Market by segment, 2019 & 2029 (USD Billion)
FIG 13. Global Turbine Control Systems Market by segment, 2019 & 2029 (USD Billion)
FIG 14. Global Turbine Control Systems Market, regional snapshot 2019 & 2029
FIG 15. North America Turbine Control Systems Market 2019 & 2029 (USD Billion)
FIG 16. Europe Turbine Control Systems Market 2019 & 2029 (USD Billion)
FIG 17. Asia pacific Turbine Control Systems Market 2019 & 2029 (USD Billion)
FIG 18. Latin America Turbine Control Systems Market 2019 & 2029 (USD Billion)
FIG 19. Global Turbine Control Systems Market, company Market share analysis (2021)