Turbine Control System Market Size (2024 - 2029)

The turbine control systems market is anticipated to experience growth, driven by the need for reduced downtime and enhanced operational efficiency, alongside an increase in turbine deployments, particularly in wind and hydropower generation. Despite challenges posed by the rise in gas engine installations, technological advancements by original equipment manufacturers are creating significant opportunities for market expansion. The Asia-Pacific region is expected to lead in market size due to numerous upcoming power generation projects.

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Market Size of Turbine Control System Industry

Turbine Control Systems Market-Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
CAGR 2.50 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Turbine Control System Market Major Players

*Disclaimer: Major Players sorted in no particular order

Turbine Control Systems Market Analysis

The turbine control system market is expected to record a CAGR of around 2.5% during the forecast period. The COVID-19 pandemic outbreak severely affected the market due to delays in power plant construction projects. As an example, in the United States, in the months of March and April 2020, 21% and 29% of projects, respectively, experienced delays due to the COVID-19 spread mitigation efforts. The demand for turbine monitoring and control systems went down as there was a delay at every stage of power plant completion, including the generating units' up-gradation stage. Two factors largely drive the global turbine control systems market; first, the reduced downtime and operational efficiency offered by the control systems, and secondly, the increase in turbine deployment, particularly in wind and hydropower generation. However, the market is hampered by the growth in gas engine installations in the power industry, which has many benefits over gas turbines.

  • The wind turbine control systems are expected to grow at the fastest rate during the forecast period due to the high rate of wind turbine deployments across the globe.
  • The technological advancements introduced by the OEMs of turbine monitoring and control systems create tremendous opportunities for the growth of the market. For instance, PROEON has developed an array of control algorithms and software programs that can run on Rockwell ControlLogix and Siemens S7 PLC controllers. These systems provide interchangeable hardware and software, thus providing greater standardization too.
  • Asia-Pacific is expected to dominate the market during the forecast period due to the numerous upcoming power generation projects in the region.

Turbine Control Systems Industry Segmentation

The turbine control system market report includes:

Type
Steam Turbine Control System
Gas Turbine Control System
Wind Turbine Control System
Hydro Turbine Control System
Function
Speed Control
Temperature Control
Load Control
Pressure Control
Other Functions
Geography
North America
Europe
Asia-Pacific
South-America
Middle East & Africa
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Turbine Control System Market Size Summary

The turbine control systems market is poised for steady growth, driven by the need for enhanced operational efficiency and reduced downtime in power generation. The market experienced setbacks due to the COVID-19 pandemic, which caused significant delays in power plant construction projects, particularly in the United States. Despite these challenges, the market is buoyed by the increasing deployment of turbines, especially in wind and hydropower sectors. Technological advancements by original equipment manufacturers (OEMs) are creating substantial opportunities, with innovations such as PROEON's control algorithms and software programs enhancing standardization and interoperability. However, the market faces competition from the growing adoption of gas engine installations, which offer several advantages over gas turbines.

The wind turbine control systems segment is expected to witness the fastest growth, fueled by the global surge in wind turbine deployments. The Asia-Pacific region is anticipated to dominate the market, supported by numerous upcoming power generation projects and the region's substantial wind energy potential, particularly in China, Japan, and India. Initiatives like Germany's commitment to increasing renewable energy share and the United States' offshore wind projects underscore the global shift towards renewable energy. Key players in the moderately fragmented market include ABB Ltd, Emerson Electric Co. Ltd, General Electric Company, Rockwell Automation, and Siemens Energy AG, all of which are actively involved in projects and partnerships to advance turbine control technologies.

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Turbine Control System Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 Porter's Five Forces Analysis

      1. 1.7.1 Bargaining Power of Suppliers

      2. 1.7.2 Bargaining Power of Consumers

      3. 1.7.3 Threat of New Entrants

      4. 1.7.4 Threat of Substitutes Products and Services

      5. 1.7.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Steam Turbine Control System

      2. 2.1.2 Gas Turbine Control System

      3. 2.1.3 Wind Turbine Control System

      4. 2.1.4 Hydro Turbine Control System

    2. 2.2 Function

      1. 2.2.1 Speed Control

      2. 2.2.2 Temperature Control

      3. 2.2.3 Load Control

      4. 2.2.4 Pressure Control

      5. 2.2.5 Other Functions

    3. 2.3 Geography

      1. 2.3.1 North America

      2. 2.3.2 Europe

      3. 2.3.3 Asia-Pacific

      4. 2.3.4 South-America

      5. 2.3.5 Middle East & Africa

Turbine Control System Market Size FAQs

The Turbine Control System Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)

ABB Ltd. , Emerson Electric Co , Rockwell Automation , General Electric Company and Siemens Energy AG are the major companies operating in the Turbine Control System Market.

Turbine Control Systems Market Report Snapshots

Turbine Control Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)