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. According to the U.S. Energy Information Administration (EIA), natural gas production in the U.S. has increased from 55 billion cubic feet per day (Bcf/d) in 2008 to average 73.6 Bcf/d in 2017. 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.
Increasing Deployment of Solar Power Restrains the Market
Asia-Pacific to Dominate the Turbine Control Systems Market
Major Developments in the Market
Emerson released the latest version of the Ovation control module, Ovation OCC 100 which is reliable and innovative control platform for power generation.
Emerson Electric Co.
UBE Industries Ltd.
General Electric Company
Honeywell International Inc.
Rolls-Royce Holding PLC
Kawasaki Heavy Industries Ltd.
Key Topics Covered
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1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Turbine Control Systems Market Supply Chain Analysis
6. Industry Attractiveness – Porter’s Five Force Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Analysis
10. Turbine Control Systems Market Competitive Landscape