Turbine Control Systems Market Scenario
The global turbine control systems market is expected to grow at a CAGR of 4.73% over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global turbine control systems market is mainly driven by the growing demand for wind turbines in wind energy generation projects.
The turbine control system is a digital control system that is designed to control and protect the different types of turbines including steam turbines, gas turbines, and others (wind and hydro turbines). The operation of the control system is conducted through the electronic functions and algorithms that are incorporated in the software and hardware components of the turbine control system.
Turbine control systems provide one-stop control over turbine systems, allowing the operators to run the operations smoothly and without difficulties. The Turbine Control Systems Market has also been driven by the growing demand for automation in the power generation sector, as automation makes everything easier and less complicated than before. Turbine control systems can control the speed of turbines as well as watching out for anomalies and risks in terms of temperature and pressure. The comprehensive coverage provided by turbine control systems is likely to drive the global turbine control systems market over the forecast period.
Segmentation:
The global turbine control systems market is segmented on the basis of type, function, component, and region.
By type, the global turbine control systems market is segmented into steam turbines, gas turbines, and others. Steam turbines dominate the global turbine control systems market and are likely to retain a strong lead over the forecast period.
By function, the global turbine control systems market is segmented into pressure control, speed control, temperature control, load control, and others. The speed control segment is likely to accrue the highest revenue for the global turbine control systems market over the forecast period due to the growing number of wind power projects being established in a number of countries around the world. The load control segment is also expected to exhibit rapid growth over the forecast period.
By component, the global turbine control systems market is segmented into software, controllers, sensors, HMI, and others. The software segment is expected to dominate the global turbine control systems market over the forecast period.
Regional Analysis:
Asia Pacific is the dominant regional market for turbine control systems and is likely to retain its lead over the forecast period thanks to the growing number of wind power projects in Asia Pacific countries such as China and India. These two countries are likely to lead the Asia Pacific turbine control systems market over the forecast period, emerging as major players in the global wind power sector. The supportive regulatory framework set by these countries is likely to be a major driver for the global turbine control systems market over the forecast period. North America and Europe are also likely to hold on to significant shares in the global turbine control systems market over the forecast period due to the growing demand for renewable energy in these developed regions.
Competitive Analysis:
Leading players in the global turbine control systems market include Mita-Teknik, HPI LLC, Spica Technology ApS, Turbine Controls Ltd., DNV GL AS, Proeon Systems Ltd., Innoway Future Solutions, Heinzmann GmbH & Co. KG, Woodward Inc., Siemens AG, Rockwell Automation Inc., General Electric, Honeywell International Inc., Emerson Electric Co., and ABB.
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