Global Turbine Control System Market Report (2018-2023) – Market to Reach $19 Billion Growing at a CAGR of 4.66% – ResearchAndMarkets.com

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 projected to reach a market
size of USD 19 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.

High capital investment and limited re-investment could act as
restraints for the turbine control system market. The leading players in
the 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.

Market Dynamics

Drivers

• Growth of Conventional Power Generation
• Increase in Operational Productivity

Restraints

• Growth of Solar Photovoltaic Generation
• Government Regulations for Conventional Power Generation

Opportunities

• Increase in Wind Power Generation

Challenges

• Depleting Fossil Reserves

Key Topics Covered:

1 Introduction

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

• ABB
• AMSC
• CCC
• Emerson
• GE
• Heinzmann
• Honeywell
• HPI
• Kawasaki
• Mita-Teknik
• Rockwell
• Rolls Royce
• Siemens
• Turbine Control
• Woodward

For more information about this report visit https://www.researchandmarkets.com/research/4lhkgd/global_turbine?w=4

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Related
Topics: Turbines,
Industrial
Automation