Global Turbine Control System Market 2023-2027

Description

List of Tables

The turbine control system market is forecasted to grow by USD 3746.09 mn during 2022-2027, accelerating at a CAGR of 4.05% during the forecast period. The report on the turbine control system market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by universal turbine monitoring and control systems enable cross-vendor compatibility, rise in wind energy generation and use, and growing investments in renewable energy sources.

Technavio's turbine control system market is segmented as below:

Market Scope
Base Year	2022
End Year	2027
Series Year	2023-2027
Growth Momentum	Accelerate
YOY 2023	3.44%
CAGR	4.05%
Incremental Value	$3746.09mn

By Component

Sensors
HMI
Controllers
Software
Others

By Type

Gas turbine control system
Wind turbine control system
Steam turbine control system
Hydro turbine control system

By Geographical Landscape

APAC
North America
Europe
South America
Middle East and Africa

This study identifies the conditional monitoring systems (CMS) with advanced prognostics as one of the prime reasons driving the turbine control system market growth during the next few years. Also, emergence of IoT and development of digital twin technology in wind turbines will lead to sizable demand in the market.

The report on the turbine control system market covers the following areas:

Turbine control system market sizing
Turbine control system market forecast
Turbine control system market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading turbine control system market vendors that include ABB Ltd., American Superconductor Corp., Baker Hughes Co., Compressor Controls Corp., Emerson Electric Co., General Electric Co., Heinzmann GmbH and Co. KG, Honeywell International Inc., HPI Energy Services LLC, Innoway Future Solutions Pte Ltd., Kawasaki Heavy Industries Ltd., Mitsubishi Heavy Industries Ltd., Proeon Systems Ltd., Robert Bosch GmbH, Rockwell Automation Inc., Rolls Royce Holdings Plc, Siemens AG, Vestas Wind Systems AS, Woodward Inc., and Solar Turbines Inc.. Also, the turbine control system market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71678

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Component
Exhibit 06: Executive Summary - Chart on Market Segmentation by Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global turbine control system market 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on global turbine control system market 2017 - 2021 ($ million)
4.2 Component Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Component Segment 2017 - 2021 ($ million)
4.3 Type Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)
4.5 Country Segment Analysis 2017 - 2021
Exhibit 22: Historic Market Size - Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Component

6.1 Market segments
Exhibit 30: Chart on Component - Market share 2022-2027 (%)
Exhibit 31: Data Table on Component - Market share 2022-2027 (%)
6.2 Comparison by Component
Exhibit 32: Chart on Comparison by Component
Exhibit 33: Data Table on Comparison by Component
6.3 Sensors - Market size and forecast 2022-2027
Exhibit 34: Chart on Sensors - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Sensors - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Sensors - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Sensors - Year-over-year growth 2022-2027 (%)
6.4 HMI - Market size and forecast 2022-2027
Exhibit 38: Chart on HMI - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on HMI - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on HMI - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on HMI - Year-over-year growth 2022-2027 (%)
6.5 Controllers - Market size and forecast 2022-2027
Exhibit 42: Chart on Controllers - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on Controllers - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on Controllers - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on Controllers - Year-over-year growth 2022-2027 (%)
6.6 Software - Market size and forecast 2022-2027
Exhibit 46: Chart on Software - Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Software - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Software - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Software - Year-over-year growth 2022-2027 (%)
6.7 Others - Market size and forecast 2022-2027
Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
6.8 Market opportunity by Component
Exhibit 54: Market opportunity by Component ($ million)
Exhibit 55: Data Table on Market opportunity by Component ($ million)

7 Market Segmentation by Type

7.1 Market segments
Exhibit 56: Chart on Type - Market share 2022-2027 (%)
Exhibit 57: Data Table on Type - Market share 2022-2027 (%)
7.2 Comparison by Type
Exhibit 58: Chart on Comparison by Type
Exhibit 59: Data Table on Comparison by Type
7.3 Gas turbine control system - Market size and forecast 2022-2027
Exhibit 60: Chart on Gas turbine control system - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Data Table on Gas turbine control system - Market size and forecast 2022-2027 ($ million)
Exhibit 62: Chart on Gas turbine control system - Year-over-year growth 2022-2027 (%)
Exhibit 63: Data Table on Gas turbine control system - Year-over-year growth 2022-2027 (%)
7.4 Wind turbine control system - Market size and forecast 2022-2027
Exhibit 64: Chart on Wind turbine control system - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Data Table on Wind turbine control system - Market size and forecast 2022-2027 ($ million)
Exhibit 66: Chart on Wind turbine control system - Year-over-year growth 2022-2027 (%)
Exhibit 67: Data Table on Wind turbine control system - Year-over-year growth 2022-2027 (%)
7.5 Steam turbine control system - Market size and forecast 2022-2027
Exhibit 68: Chart on Steam turbine control system - Market size and forecast 2022-2027 ($ million)
Exhibit 69: Data Table on Steam turbine control system - Market size and forecast 2022-2027 ($ million)
Exhibit 70: Chart on Steam turbine control system - Year-over-year growth 2022-2027 (%)
Exhibit 71: Data Table on Steam turbine control system - Year-over-year growth 2022-2027 (%)
7.6 Hydro turbine control system - Market size and forecast 2022-2027
Exhibit 72: Chart on Hydro turbine control system - Market size and forecast 2022-2027 ($ million)
Exhibit 73: Data Table on Hydro turbine control system - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Chart on Hydro turbine control system - Year-over-year growth 2022-2027 (%)
Exhibit 75: Data Table on Hydro turbine control system - Year-over-year growth 2022-2027 (%)
7.7 Market opportunity by Type
Exhibit 76: Market opportunity by Type ($ million)
Exhibit 77: Data Table on Market opportunity by Type ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 78: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 79: Chart on Market share by geography 2022-2027 (%)
Exhibit 80: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 81: Chart on Geographic comparison
Exhibit 82: Data Table on Geographic comparison
9.3 APAC - Market size and forecast 2022-2027
Exhibit 83: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 85: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 86: Data Table on APAC - Year-over-year growth 2022-2027 (%)
9.4 North America - Market size and forecast 2022-2027
Exhibit 87: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 89: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 90: Data Table on North America - Year-over-year growth 2022-2027 (%)
9.5 Europe - Market size and forecast 2022-2027
Exhibit 91: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 93: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 94: Data Table on Europe - Year-over-year growth 2022-2027 (%)
9.6 South America - Market size and forecast 2022-2027
Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
9.7 Middle East and Africa - Market size and forecast 2022-2027
Exhibit 99: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 100: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 101: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 102: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
9.8 China - Market size and forecast 2022-2027
Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)
9.9 US - Market size and forecast 2022-2027
Exhibit 107: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 108: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 109: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 110: Data Table on US - Year-over-year growth 2022-2027 (%)
9.10 Germany - Market size and forecast 2022-2027
Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.11 India - Market size and forecast 2022-2027
Exhibit 115: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 116: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 117: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 118: Data Table on India - Year-over-year growth 2022-2027 (%)
9.12 UK - Market size and forecast 2022-2027
Exhibit 119: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 120: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 121: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 122: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 123: Market opportunity by geography ($ million)
Exhibit 124: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 125: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 126: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 127: Overview on factors of disruption
11.4 Industry risks
Exhibit 128: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 129: Vendors covered
12.2 Market positioning of vendors
Exhibit 130: Matrix on vendor position and classification
12.3 ABB Ltd.
Exhibit 131: ABB Ltd. - Overview
Exhibit 132: ABB Ltd. - Business segments
Exhibit 133: ABB Ltd. - Key offerings
Exhibit 134: ABB Ltd. - Segment focus
12.4 American Superconductor Corp.
Exhibit 135: American Superconductor Corp. - Overview
Exhibit 136: American Superconductor Corp. - Business segments
Exhibit 137: American Superconductor Corp. - Key offerings
Exhibit 138: American Superconductor Corp. - Segment focus
12.5 Baker Hughes Co.
Exhibit 139: Baker Hughes Co. - Overview
Exhibit 140: Baker Hughes Co. - Business segments
Exhibit 141: Baker Hughes Co. - Key news
Exhibit 142: Baker Hughes Co. - Key offerings
Exhibit 143: Baker Hughes Co. - Segment focus
12.6 Emerson Electric Co.
Exhibit 144: Emerson Electric Co. - Overview
Exhibit 145: Emerson Electric Co. - Business segments
Exhibit 146: Emerson Electric Co. - Key news
Exhibit 147: Emerson Electric Co. - Key offerings
Exhibit 148: Emerson Electric Co. - Segment focus
12.7 General Electric Co.
Exhibit 149: General Electric Co. - Overview
Exhibit 150: General Electric Co. - Business segments
Exhibit 151: General Electric Co. - Key news
Exhibit 152: General Electric Co. - Key offerings
Exhibit 153: General Electric Co. - Segment focus
12.8 Heinzmann GmbH and Co. KG
Exhibit 154: Heinzmann GmbH and Co. KG - Overview
Exhibit 155: Heinzmann GmbH and Co. KG - Product / Service
Exhibit 156: Heinzmann GmbH and Co. KG - Key offerings
12.9 Honeywell International Inc.
Exhibit 157: Honeywell International Inc. - Overview
Exhibit 158: Honeywell International Inc. - Business segments
Exhibit 159: Honeywell International Inc. - Key news
Exhibit 160: Honeywell International Inc. - Key offerings
Exhibit 161: Honeywell International Inc. - Segment focus
12.10 Kawasaki Heavy Industries Ltd.
Exhibit 162: Kawasaki Heavy Industries Ltd. - Overview
Exhibit 163: Kawasaki Heavy Industries Ltd. - Business segments
Exhibit 164: Kawasaki Heavy Industries Ltd. - Key news
Exhibit 165: Kawasaki Heavy Industries Ltd. - Key offerings
Exhibit 166: Kawasaki Heavy Industries Ltd. - Segment focus
12.11 Mitsubishi Heavy Industries Ltd.
Exhibit 167: Mitsubishi Heavy Industries Ltd. - Overview
Exhibit 168: Mitsubishi Heavy Industries Ltd. - Business segments
Exhibit 169: Mitsubishi Heavy Industries Ltd. - Key news
Exhibit 170: Mitsubishi Heavy Industries Ltd. - Key offerings
Exhibit 171: Mitsubishi Heavy Industries Ltd. - Segment focus
12.12 Rockwell Automation Inc.
Exhibit 172: Rockwell Automation Inc. - Overview
Exhibit 173: Rockwell Automation Inc. - Business segments
Exhibit 174: Rockwell Automation Inc. - Key news
Exhibit 175: Rockwell Automation Inc. - Key offerings
Exhibit 176: Rockwell Automation Inc. - Segment focus
12.13 Rolls Royce Holdings Plc
Exhibit 177: Rolls Royce Holdings Plc - Overview
Exhibit 178: Rolls Royce Holdings Plc - Business segments
Exhibit 179: Rolls Royce Holdings Plc - Key news
Exhibit 180: Rolls Royce Holdings Plc - Key offerings
Exhibit 181: Rolls Royce Holdings Plc - Segment focus
12.14 Siemens AG
Exhibit 182: Siemens AG - Overview
Exhibit 183: Siemens AG - Business segments
Exhibit 184: Siemens AG - Key news
Exhibit 185: Siemens AG - Key offerings
Exhibit 186: Siemens AG - Segment focus
12.15 Solar Turbines Inc.
Exhibit 187: Solar Turbines Inc. - Overview
Exhibit 188: Solar Turbines Inc. - Product / Service
Exhibit 189: Solar Turbines Inc. - Key offerings
12.16 Vestas Wind Systems AS
Exhibit 190: Vestas Wind Systems AS - Overview
Exhibit 191: Vestas Wind Systems AS - Business segments
Exhibit 192: Vestas Wind Systems AS - Key news
Exhibit 193: Vestas Wind Systems AS - Key offerings
Exhibit 194: Vestas Wind Systems AS - Segment focus
12.17 Woodward Inc.
Exhibit 195: Woodward Inc. - Overview
Exhibit 196: Woodward Inc. - Business segments
Exhibit 197: Woodward Inc. - Key news
Exhibit 198: Woodward Inc. - Key offerings
Exhibit 199: Woodward Inc. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 200: Inclusions checklist
Exhibit 201: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 202: Currency conversion rates for US$
13.4 Research methodology
Exhibit 203: Research methodology
Exhibit 204: Validation techniques employed for market sizing
Exhibit 205: Information sources
13.5 List of abbreviations
Exhibit 206: List of abbreviations