Turbine Control Systems Market Segmentation, Competitive Landscape, CAGR, Strategy, Business Overview and Forecast to 2023 - PowerPoint PPT Presentation

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Turbine Control Systems Market Segmentation, Competitive Landscape, CAGR, Strategy, Business Overview and Forecast to 2023

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Market Research Future (MRFR)’s new study reveals that the global turbine control systems market is estimated to value at USD 19.20 Bn expanding at a CAGR of 4.73% during the forecast period 2018 to 2023. The growth of the energy sector coupled with rising demand for electricity from renewable energy has intensified the need for the deployment of automation. – PowerPoint PPT presentation

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Title: Turbine Control Systems Market Segmentation, Competitive Landscape, CAGR, Strategy, Business Overview and Forecast to 2023


1
Global Turbine Control Systems Market Research
Report - Forecast to 2023
Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
2
Global Turbine Control Systems Market Forecast to
2023
Global Turbine Control Systems Market   -
Overview The global turbine control systems
market is expected to grow at a CAGR of 4.73
over the forecast period from 2018 to 2023,
according to the latest research report from
Market Research Future (MRFR). The global turbine
control systems market is mainly driven by the
growing demand for wind turbines in wind energy
generation projects. Wind energy has come up as a
viable renewable energy source in the last few
years, with several governments setting up
infrastructure to support long-term and
large-scale use of wind power for electricity
generation. The merits of wind energy include the
fact that it comes from a renewable resource,
i.e. wind. The environmental footprint of wind
power is drastically lower compared to
conventional forms of electricity generation,
which has made it an attractive proposition for
energy regulatory bodies around the world.
Turbine control systems provide one-stop control
over turbine systems, allowing the operators to
run the operations smoothly and without
difficulties. The global turbine control systems
market has also been driven by the growing demand
for automation in the power generation sector, as
automation makes everything easier and less
complicated than before. Turbine control systems
can control the speed of turbines as well as
watching out for anomalies and risks in terms of
temperature and pressure. The comprehensive
coverage provided by turbine control systems is
likely to drive the global turbine control
systems market over the forecast period. A
prominent factor extending the global turbine
control systems market growth is rising awareness
about the positive effects of renewable energy on
the environment. The second factor proliferating
the market growth include complementary
regulations enforced for the large-scale adoption
of renewable energy. However, the requirement of
substantial initial investment can cause glitches
in the market growth. Ask for Sample _at_
https//www.marketresearchfuture.com/sample_reques
t/6675
3
Global Turbine Control Systems Market Forecast
to 2023
Global Turbine Control Systems Market - Industry
News A team comprising of engineers from General
Electric (GE) and Southwest Research Institute
have designed, built and tested the highest
temperature supercritical carbon dioxide (sCO2)
turbine in the world. 8 APR 2019 According to a
new contract won by Bilfinger UK from Voith
Hydro, the former is to deliver electrical
services, mechanical services, installation
services, and maintenance services at the 360-MW
Ffestiniog pumped storage station in North Wales.
Forming part of a significant restoration project
that is likely to complete in 2020, this deal
involves refurbished the two turbine-generator
units. 18 APR 2019 In February 2019, Inox Wind
and AMSC made an agreement to make AMSC the
exclusive supplier of electric control systems
for Inoxs 3-MW turbines. Inox operates in the
growing India market, where wind power is a
relatively recent addition to the power
generation scenario and has vast potential for
growth. In August 2018, Ingeteam began
production of wind power converters and control
cabinets at its production facility in Tamil
Nadu, India. Browse Full Report _at_
https//www.marketresearchfuture.com/reports/turbi
ne-control-systems-market-6675
4
Global Turbine Control Systems Market Forecast to
2023
MARKET SEGMENT
Global Turbine Control Systems Market -
Segments The global turbine control systems
market is segmented on the basis of type,
function, component, and region. By type, the
global turbine control systems market is
segmented into steam turbines, gas turbines, and
others. Steam turbines dominate the global
turbine control systems market and are likely to
retain a strong lead over the forecast period.
By function, the global turbine control systems
market is segmented into pressure control, speed
control, temperature control, load control, and
others. The speed control segment is likely to
accrue the highest revenue for the global turbine
control systems market over the forecast period
due to the growing number of wind power projects
being established in a number of countries around
the world. The load control segment is also
expected to exhibit rapid growth over the
forecast period. By component, the global
turbine control systems market is segmented into
software, controllers, sensors, HMI, and others.
The software segment is expected to dominate the
global turbine control systems market over the
forecast period.

5
Global Turbine Control Systems Market Forecast to
2023
KEY PLAYER
  • Key Players
  • Mita-Teknik,
  • HPI LLC,
  • Spica Technology ApS,
  • Turbine Controls Ltd.,
  • DNV GL AS,
  • Proeon Systems Ltd.,
  • Innoway Future Solutions,
  • Heinzmann GmbH Co. KG,
  • Woodward Inc.,
  • Siemens AG,
  • Rockwell Automation Inc.,
  • General Electric,
  • Honeywell International Inc.,
  • Emerson Electric Co., and
  • ABB.


6
ABOUT US
MARKET RESEARCH FUTURE At Market Research Future
(MRFR), we enable our customers to unravel the
complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked
Research Reports (HCRR), Raw Research Reports
(3R), Continuous-Feed Research (CFR), and Market
Research Consulting Services. MRFR team have
supreme objective to provide the optimum quality
market research and intelligence services to our
clients. Our market research studies by products,
services, technologies, applications, end users,
and market players for global, regional, and
country level market segments, enable our clients
to see more, know more, and do more, which help
to answer all their most important questions. In
order to stay updated with technology and work
process of the industry, MRFR often plans
conducts meet with the industry experts and
industrial visits for its research analyst
members. For more information kindly visit
www.marketresearchfuture.com or contact us at
info_at_marketresearchfuture.com Copyright 2018
Market Research Future All Rights Reserved. This
document contains highly confidential information
and is the sole property of Market Research
Future. No part of it may be circulated, copied,
quoted, or otherwise reproduced without the
written approval of Market Research Future.
7
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