Product Code: GVR-4-68040-390-7
Turbine Control System Market Trends:
The global turbine control system market size was estimated at USD 18.81 billion in 2023 and is projected to grow at a CAGR of 4.3% from 2024 to 2030. The market is witnessing significant growth, driven by the increasing demand for energy efficiency and the push toward renewable energy sources. This market growth is further fortified by advancements in technology that provide enhanced control and operational efficiency for various types of turbines, including gas, steam, and wind turbines. Moreover, the integration of digital technologies and IoT into turbine control systems has enabled real-time monitoring and predictive maintenance, significantly reduced downtime and enhancing the performance and lifespan of turbines. For instance, Siemens' SPPA-T3000 Control System is designed to optimize the operation of power generation facilities by improving their flexibility, reliability, and efficiency.
Another trend shaping the market is the growing focus on environmental sustainability and the reduction of carbon emissions. This has led to an increased deployment of wind and hydroelectric power plants, which require sophisticated control systems to manage the variability in power generation and ensure grid stability. Companies such as GE Renewable Energy and Vestas are at the forefront of adopting advanced control technologies in their wind turbines, which allows for more precise power output control and integration with the grid. These advancements are crucial for the scalability of renewable energy sources and highlight the critical role of control systems in the energy transition.
Additionally, the demand for turbine control systems is also being driven by the retrofitting of older power plants and turbines with modern control technologies to extend their operational life and meet current environmental regulations. This trend is particularly noticeable in emerging economies, where there is a pressing need to upgrade existing infrastructure to support growing energy demands without further contributing to environmental degradation. For instance, upgrading the control systems of gas turbines with modern solutions like Emerson's Ovation Turbine Control can significantly enhance their efficiency and flexibility, enabling utilities to meet peak demands more effectively.
Global Turbine Control System Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the turbine control system market report on the basis of type, component, function, and region:
- Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Steam Turbine Control System
- Gas Turbine Control System
- Others
- Function Outlook (Revenue, USD Billion, 2018 - 2030)
- Speed Control
- Temperature Control
- Load Control
- Pressure Control
- Others
- Component Outlook (Revenue, USD Billion, 2018 - 2030)
- Hardware
- Software
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. GVR's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Third Party Perspective
- 1.4.5. Information Analysis
- 1.5. Information Analysis
- 1.5.1. Data Analysis Models
- 1.5.2. Market Formulation & Data Visualization
- 1.5.3. Data Validation & Publishing
- 1.6. Research Scope and Assumptions
- 1.6.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Turbine Control System Market Variables, Trends, & Scope
- 3.1. Market Concentration & Penetration Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Supplier Outlook
- 3.2.2. Component Supplier Outlook
- 3.2.3. Manufacturer Outlook
- 3.2.4. Distribution Outlook
- 3.2.5. End-user Outlook
- 3.3. Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Drivers Analysis
- 3.5.2. Market Restraints Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenge Analysis
- 3.6. Turbine Control System Market Analysis Tools
- 3.6.1. Porter's Analysis
- 3.6.1.1. Bargaining power of the suppliers
- 3.6.1.2. Bargaining power of the buyers
- 3.6.1.3. Threats of substitution
- 3.6.1.4. Threats from new entrants
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Economic and Social landscape
- 3.6.2.3. Technological landscape
- 3.6.2.4. Environmental landscape
- 3.6.2.5. Legal landscape
- 3.7. Economic Mega Trend Analysis
Chapter 4. Turbine Control System Market: Type Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Turbine Control System Market: Type Movement Analysis, 2023 & 2030 (USD Billion)
- 4.3. Steam Turbine Control System
- 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.4. Gas Turbine Control System
- 4.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 4.5. Others
- 4.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Turbine Control System Market: Function Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Turbine Control System Market: Function Movement Analysis, 2023 & 2030 (USD Billion)
- 5.3. Speed Control
- 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.4. Temperature Control
- 5.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.5. Load Control
- 5.5.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.6. Pressure Control
- 5.6.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 5.7. Others
- 5.7.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Turbine Control System Market: Component Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Turbine Control System Market: Component Movement Analysis, 2023 & 2030 (USD Billion)
- 6.3. Hardware
- 6.3.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 6.4. Software
- 6.4.1. Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Turbine Control System Market: Region Estimates & Trend Analysis
- 7.1. Turbine Control System Market Share, By Region, 2023 & 2030 (USD Billion)
- 7.2. North America
- 7.2.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.2.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.2.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.2.5. U.S.
- 7.2.5.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.5.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.2.5.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.2.5.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.2.6. Canada
- 7.2.6.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.6.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.2.6.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.2.6.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.2.7. Mexico
- 7.2.7.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.2.7.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.2.7.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.2.7.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.3. Europe
- 7.3.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.3.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.3.5. UK
- 7.3.5.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.5.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.5.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.3.5.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.3.6. Germany
- 7.3.6.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.6.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.6.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.3.6.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.3.7. France
- 7.3.7.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.7.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.7.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.3.7.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.3.8. Italy
- 7.3.8.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.8.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.8.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.3.8.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.3.9. Spain
- 7.3.9.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.3.9.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.3.9.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.3.9.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.4. Asia Pacific
- 7.4.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.4.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.4.5. China
- 7.4.5.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.5.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.5.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.4.5.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.4.6. India
- 7.4.6.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.6.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.6.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.4.6.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.4.7. Japan
- 7.4.7.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.7.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.7.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.4.7.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.4.8. South Korea
- 7.4.8.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.8.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.8.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.4.8.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.4.9. Australia
- 7.4.9.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.4.9.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.4.9.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.4.9.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.5. Latin America
- 7.5.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.5.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.5.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.5.5. Brazil
- 7.5.5.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.5.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.5.5.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.5.5.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.5.6. Argentina
- 7.5.6.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.5.6.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.5.6.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.5.6.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.6. Middle East & Africa
- 7.6.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.6.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.6.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.6.5. South Africa
- 7.6.5.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.5.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.6.5.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.6.5.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.6.6. Saudi Arabia
- 7.6.6.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.6.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.6.6.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.6.6.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
- 7.6.7. UAE
- 7.6.7.1. Turbine Control System Market Estimates and Forecasts, 2018 - 2030 (USD Billion)
- 7.6.7.2. Turbine Control System Market Estimates and Forecasts by Type, 2018 - 2030 (USD Billion)
- 7.6.7.3. Turbine Control System Market Estimates and Forecasts by Component, 2018 - 2030 (USD Billion)
- 7.6.7.4. Turbine Control System Market Estimates and Forecasts by Function, 2018 - 2030 (USD Billion)
Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis by Key Market Participants
- 8.2. Company Categorization
- 8.3. Company Market Positioning
- 8.4. Company Market Share Analysis, 2023
- 8.5. Company Heat Map Analysis, 2023
- 8.6. Strategy Mapping
- 8.7. Company Profiles
- 8.7.1. ABB
- 8.7.1.1. Participant's Overview
- 8.7.1.2. Financial Performance
- 8.7.1.3. Product Benchmarking
- 8.7.1.4. Strategic Initiatives
- 8.7.2. Siemens Energy
- 8.7.2.1. Participant's Overview
- 8.7.2.2. Financial Performance
- 8.7.2.3. Product Benchmarking
- 8.7.2.4. Strategic Initiatives
- 8.7.3. Eaton
- 8.7.3.1. Participant's Overview
- 8.7.3.2. Financial Performance
- 8.7.3.3. Product Benchmarking
- 8.7.3.4. Strategic Initiatives
- 8.7.4. General Electric
- 8.7.4.1. Participant's Overview
- 8.7.4.2. Financial Performance
- 8.7.4.3. Product Benchmarking
- 8.7.4.4. Strategic Initiatives
- 8.7.5. Schneider Electric
- 8.7.5.1. Participant's Overview
- 8.7.5.2. Financial Performance
- 8.7.5.3. Product Benchmarking
- 8.7.5.4. Strategic Initiatives
- 8.7.6. Honeywell International
- 8.7.6.1. Participant's Overview
- 8.7.6.2. Financial Performance
- 8.7.6.3. Product Benchmarking
- 8.7.6.4. Strategic Initiatives
- 8.7.7. Voith GmbH & Co. KGaA
- 8.7.7.1. Participant's Overview
- 8.7.7.2. Financial Performance
- 8.7.7.3. Product Benchmarking
- 8.7.7.4. Strategic Initiatives
- 8.7.8. Emerson Electric Co.
- 8.7.8.1. Participant's Overview
- 8.7.8.2. Financial Performance
- 8.7.8.3. Product Benchmarking
- 8.7.8.4. Strategic Initiatives
- 8.7.9. Rockwell Automation
- 8.7.9.1. Participant's Overview
- 8.7.9.2. Financial Performance
- 8.7.9.3. Product Benchmarking
- 8.7.9.4. Strategic Initiatives
- 8.7.10. Sulzer
- 8.7.10.1. Participant's Overview
- 8.7.10.2. Financial Performance
- 8.7.10.3. Product Benchmarking
- 8.7.10.4. Strategic Initiatives
- 8.7.11. Yokogawa Electric Corporation
- 8.7.11.1. Participant's Overview
- 8.7.11.2. Financial Performance
- 8.7.11.3. Product Benchmarking
- 8.7.11.4. Strategic Initiatives
- 8.7.12. Mitsubishi Electric Corporation
- 8.7.12.1. Participant's Overview
- 8.7.12.2. Financial Performance
- 8.7.12.3. Product Benchmarking
- 8.7.12.4. Strategic Initiatives
- 8.7.13. WOODWARD
- 8.7.13.1. Participant's Overview
- 8.7.13.2. Financial Performance
- 8.7.13.3. Product Benchmarking
- 8.7.13.4. Strategic Initiatives
- 8.7.14. Vestas
- 8.7.14.1. Participant's Overview
- 8.7.14.2. Financial Performance
- 8.7.14.3. Product Benchmarking
- 8.7.14.4. Strategic Initiatives
- 8.7.15. Danfoss
- 8.7.15.1. Participant's Overview
- 8.7.15.2. Financial Performance
- 8.7.15.3. Product Benchmarking
- 8.7.15.4. Strategic Initiatives
- 8.7.16. ANDRITZ
- 8.7.16.1. Participant's Overview
- 8.7.16.2. Financial Performance
- 8.7.16.3. Product Benchmarking
- 8.7.16.4. Strategic Initiatives
- 8.7.17. Hitachi
- 8.7.17.1. Participant's Overview
- 8.7.17.2. Financial Performance
- 8.7.17.3. Product Benchmarking
- 8.7.17.4. Strategic Initiatives