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The last half-decade has seen many developments and trends in the turbine control systems market, as it is true for all sectors of power generation. Perhaps, the most important trend is an increasing demand for the complex and intelligent turbine control products that can contribute to higher performance of power plants.
The changes to the turbine control systems market are impacted by innovation adopted for the power generation processes industries resulting from world transition towards cleaner and more sustainable energy sources. A key market trend is the introduction of digitalization and also automation in control turbine systems. Such a move towards the digital control systems provides alot of real-time monitoring, analysis, and also remote decontrol of turbines.
Sensor integration combined with the machine learning algorithms helped operators to make informed compaignes, predict rough issues and improve system performance in general. This trend does not only enhance the operational effectiveness of the turbines but also help to minimize downtime and maintenance costs. In addition, the market for turbine control systems has seen a growing concern about cybersecurity.
The increasing connectivity of control systems with the internet and other networks has given rise to heightened fears about the vulnerability of these systems to cyber attacks. Thus, a sharp increase in the deployment of cybersecurity capabilities in the turbine control systems has been noted. This also involves the employment of many sophisticated encryption methods, frequent security audits and implementation secured communication protocols aimed at protecting the critical infrastructure from cyber threats.
One more significant trend is the renewable energy sources and the connection of them to a power grid. As wind and solar power generation continue to gain the deployment, the turbine control systems market has responded by creating controls that can manage variable renewable sources effectively. Sophisticated turbine control systems play a very vital role in maintaining the grid balance, controlling swings in power generation, and improving the efficiency of renewable energy integration into overall electricity production.
In addition, it has also become very apparent that there is a movement towards the modular and scalable turbine control solutions. This tendency also allows for a better adaptability to the changing sizes and structures of the power plants. The modular approach simplifies upgrades and expansions, allowing power plant operators to scale their turbine control system easily according to the changing operational requirements. This flexibility is even more important in the light of the increasing diversification and dynamism in power generation facilities.
The partnership and collaboration trends within the turbine control systems market are also on the rise. As the need for sophisticated control options increases, companies are combining to utilize their own unique knowledge and assets. This collaborative effort is aimed at promoting the faster development and implementation of technologically advanced turbine control systems that opens a room for more aggressive markets.
Turbine Control Systems Market Highlights:
Global Turbine Control System Market Overview:
Turbine Control System Market Size was valued at USD 16.23 Billion in 2023. The Turbine Control System market industry is projected to grow from USD 17.00 Billion in 2024 to USD 23.49 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.13% during the forecast period (2024 - 2032). An increase in the number of micro hydro projects being built and increasing the amount of energy produced by renewable sources are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Turbine Control System Market Trends
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Growing renewable energy infrastructure is driving the market growth
Market CAGR for turbine control systems is driven by the rising energy demand, leading to an increase in investment in renewable energy sources and the rise in renewable generation capacity, particularly solar, wind, and biofuels. Moreover, growing environmental worries about the depletion of conventional energy sources are projected to draw additional infrastructure expenditures to increase demand for turbine control systems.
The market's worth is expected to rise during the forecast period because of numerous investments in numerous locations and government plans. The need for greater efficiency pushes the market for turbine control systems. The automation of turbine operations is made possible by control systems. As a result of automation, turbine systems have lower running costs, higher safety standards, and longer lifespans. Demand for turbine control systems is expected to rise due to the issues mentioned above in the future.
Additionally, the increasing need for electrical power, which should enhance the use of turbine control systems, is largely attributable to industrial change in developing nations. Due to factors including rising urbanization and industrialization, Asia and the Pacific are among the world's fastest-developing areas. Because of this, there is a high need for a reliable source of electricity.
Many countries are investing in new power plants to meet the needs and improve the efficiency and efficacy of existing ones. Increasing product demand from various end-use sectors and rising energy demand will turbine the control system market. Therefore, the increasing prevalence of energy usage is fueling the expansion of the international market.
For instance, ABB has introduced a new member of the Relion product family to provide reliable, smart, and environmentally responsible electrification. The REX610 improves basic energy transmission applications by facilitating safety and control. As a result, the demand for turbine control systems is predicted to grow throughout the forecasted time due to the rising demand for energy supply machines. Thus, the driving factor is the turbine control system market revenue.
Turbine Control System Market Segment Insights:
Turbine Control System Component Insights
The turbine control system market segmentation, based on components, includes hardware and software. In 2022, the hardware segment led the turbine control system market in revenue because increases in the value of turbine control system hardware for monitoring and controlling various turbine activities may contribute to developing the market for such systems.
Figure 1: Turbine Control System Market by Component, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Turbine Control System Function Insights
The turbine control system market segmentation, based on function, includes speed control, temperature control, load control, pressure control, and others. The temperature control category is anticipated to grow at a CAGR of 4.73% over the projected period, making up the largest market share because of the expanding use of temperature regulation in fields like gas turbine power generation.
Electrical power is generated in a gas turbine by combining atmospheric air with fuel. The amount of energy a gas turbine produces is sensitive to the surrounding air temperature.
Turbine Control System Type Insights
The turbine control system market segmentation, based on the type, includes gas turbine control systems, steam turbine control systems, and others. The steam turbine control system category is expected to grow fastest at a CAGR of 4.73% in the future because of its revolving heat engine design, a steam turbine is best suited for powering an electrical generator.
When comparing steam turbines and reciprocating engines, the former often have greater thermal efficiency. They are an excellent choice for massive thermal power plants.
Turbine Control System Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American turbine control system market will dominate due to maintaining a healthy demand-supply ratio, and multiple projects are now under construction in this area.
New technology for improved gas turbine parts will emerge from the country. In addition, we increased investment and government spending on economic and infrastructure development. Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Turbine Control System Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe’s turbine control system market accounts for the second-largest market share because of the rise of urbanization, industrialization, and the number of people worldwide. Further, the German turbine control system market held the largest market share, and the UK turbine control system market was the fastest-growing market in the European region.
The Asia-Pacific turbine control system market is expected to grow at the fastest CAGR from 2023 to 2032 because most oil and gas facilities use integrated turbine compressor control systems to improve operational efficiency. In addition, the expansion of the region's infrastructure, in tandem with its increasing urbanization, has contributed to the market's expansion.
Moreover, China’s turbine control system market held the largest market share, and the Indian turbine control system market was the fastest-rising market in the Asia-Pacific region.
Turbine Control System Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the turbine control system market grow even more. There are some strategies for action that market participants are implementing to increase their presence around the world's footprint, with important market developments including new product launches, contractual agreements and acquisitions, higher investments, and collaboration with other organizations.
To expand and survive in a more competitive and rising market climate, the turbine control system industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer use in the turbine control system industry to benefit clients and increase the market sector. In recent years, the turbine control system industry has offered some of the most significant technological advancements.
Major players in the turbine control system market, including Honeywell International Inc. (US), General Electric Company (US), Emerson Electric Co. (US), ABB (Switzerland), Heinzmann GmbH & Co. KG (Germany), Woodward Inc. (the US), DNV GL (Norway), Siemens AG (Germany), Rockwell Automation (US), Spica Technology Aps (Denmark), Mita-Tekni (Denmark), HPI LLC. (US), and others are attempting to grow market demand by investing in research and development operations.
Honeywell Building Technologies (HBT) is transforming how every building functions to improve life quality. We are a top supplier of building controls with operations in over 75 nations and a network of international channel partners. Owners and operators of commercial buildings use our hardware, software, and analytics to help construct safe, efficient, and effective facilities. Our goods and services are used by more than 10 million buildings worldwide.
Globally, Honeywell offers solutions tailored to certain industries, including performance materials, control systems for structures and businesses, and goods and services for aviation. Our solutions enable increased connectivity among people, supply networks, manufacturing facilities, and aircraft. In March 2023, Honeywell Building Technologies received ISA/IEC 62443-4-1 Process Certification for their software development lifecycle.
The ISA/IEC 62443-4-1 certification underlines HBT's dedication to using best practices and standards for creating secure, cyber-resistant products.
Emerson is a multinational technology and software firm that offers cutting-edge solutions for key worldwide sectors. Emerson assists hybrid, process, and discrete manufacturers with the optimization of operations, protection of staff, pollution reduction, and attainment of sustainability goals through its market-leading automation portfolio, which includes its majority interest in AspenTech.
Emerson has a long history of overcoming modern life's most difficult problems. We mix cutting-edge technology, unmatched industry knowledge, and a never-ending curiosity about the world to develop sustainable solutions for our crucial clients. A single Purpose leads our international group of problem-solvers: we promote innovation that improves the world's sustainability, safety, health, and intelligence.
In February 2023, Emerson is enhancing perimeter security for the DeltaVTM distributed control system (DCS) with its new NextGen Smart Firewall, a control system firewall specifically made to provide perimeter security for all industries that are quick to install and simple to maintain. Users get better performance and more precise access control thanks to role-based access, higher bandwidth, and more ruggedized design.
Key Companies in the Turbine Control System Market include
- Honeywell International Inc. (US)
- General Electric Company (US)
- Emerson Electric Co. (US)
- ABB (Switzerland)
- Heinzmann GmbH & Co. KG (Germany)
- Woodward Inc. (the US)
- DNV GL (Norway)
- Siemens AG (Germany)
- Rockwell Automation (US)
- Spica Technology Aps (Denmark)
- Mita-Teknik (Denmark)
- HPI LLC. (US)
Turbine Control System Industry Developments
February 2023:Emerson develops its market-leading Ovation automation platform by offering a portfolio of OvationTM Green software and automation solutions for producing renewable energy, assisting power producers in reliably managing their green electricity operations to boost availability and output while lowering costs.
April 2023:GE Power Conversion and Nedstack Fuel Cell Technology have agreed to continue their joint development of marine fuel cell technology. Industry participants are working and aggressively supplying alternative marine fuel and electric power technology solutions to the greater merchant marine market to facilitate the sector’s transition to net zero.
In November 16, 2022, Yokogawa Electric Corporation had announced, it will be releasing CENTUM VP R6.10, a new version of the flagship Yokogawa integrated production control system in the OpreX Control and Safety System lineup that enables the steam turbine control for compressor drive and the integrated control of multiple compressor trains*.
With this release, new functionality is enabled for the CCC InsideTM for Yokogawa CENTUM VP solution that was jointly developed by Compressor Controls LLC (CCC) and Yokogawa. In addition to allowing process control and turbomachinery control to be carried out on the same CENTUM VP system, the scope of control that can be performed with a single system has been extended, allowing the streamlining not only of operations, but also of engineering, procurement, and maintenance.
Turbine Control System Market Segmentation:
Power Plant Control System Component Outlook
- Hardware
- Software
Turbine Control System Function Outlook
- Speed Control
- Temperature Control
- Load Control
- Pressure Control
- Others
Turbine Control System Type Outlook
- Gas Turbine Control System
- Steam Turbine Control System
- Others
Turbine Control System Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
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