Turbine Control System Market to Surpass USD19 Billion until 2026 | TechSci Research

Technological advancements coupled with favorable government regulations to drive global turbine control system market through 2026  

According to TechSci Research report, “Global Turbine Control System Market By Type [Gas Turbine; Steam Turbine; Others], By Function [Speed Control; Load Control; Temperature Control; Pressure Control; Others], By Component [Sensors; HMI; Controllers; Software; Others] By Region, Competition, Forecast & Opportunities, 2026”, global turbine control system market was valued USD13.95 billion in 2020 and is forecast to grow at a CAGR of over 4% in the next five years. Anticipated growth in the market can be attributed to increasing development of gas-fired power plants and surging focus on enhancing the operational efficiency of power generation. Turbine control systems play a crucial role in the electricity generation while maximizing the efficiency of turbine equipment, thereby enhancing its productivity. Due to continuous growth of industrialization and rapid urbanization across all regions of the globe, the demand for power supply is increasing at a high pace. An increasing number of power generation units especially in India, China & Africa is expected to boost the demand for turbine control systems.

Turbine Control System Market - TechSci

Browse 129 market data Figures spread through 171 Pages and an in-depth TOC on "Global Turbine Control System Market"

https://www.techsciresearch.com/report/global-turbine-control-system-market/2421.html

Global turbine control system market can be segmented based on type, function, component and region. In terms of component, global turbine control system market has been categorized into sensors, HMI, controllers, software and others. Among these, software category led the market in 2020 with share of 36.08%. The operations of the  turbine control system are conducted through  electronic functions and algorithms that are incorporated in the software components of the turbine control system, contributing to the leading share of the segment.

Some of the companies operating in the turbine control system market include ABB Ltd., Siemens AG, General Electric Company, The Emerson Electric Co., Woodward, Inc., Rolls-Royce PLC, Rockwell Automation, Inc., Honeywell International Inc., Heinzmann GmbH & Co. KG and American Superconductor Corporation.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=2421

Customers can also request for 10% free customization on this report.

“The market in Asia Pacific is estimated to be the largest in the turbine control system market with a share of 35.20% in 2020 owing to the growing demand for uninterrupted power supply and the rising number of oil and gas activities in the region. Additionally, policy level support from the governments of emerging countries to promulgate gas-based power generation is also supporting turbine control system market in the region.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global Turbine Control System Market By Type [Gas Turbine; Steam Turbine; Others], By Function [Speed Control; Load Control; Temperature Control; Pressure Control; Others], By Component [Sensors; HMI; Controllers; Software; Others] By Region, Competition, Forecast & Opportunities, 2026” has evaluated the future growth potential of global turbine control system market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global turbine control system market.

Browse Related Reports

India Combined Heat & Power System Market By Prime Mover (Gas & Steam Turbine, Reciprocating Engine, Fuel Cell and Microturbine), By Capacity, By End Use (Industrial, Utilities, Commercial and Others), Competition Forecast & Opportunities, 2013-2023

https://www.techsciresearch.com/report/india-combined-heat-power-system-market/3397.html

India Vertical Turbine Water Pumps Market By Operation (Axial, Radial & Mixed), By Sales Channel (Direct & Distribution), By End Use Industry (Agriculture & Lift Irrigation, Industrial & Others), Competition Forecast & Opportunities, 2013-2023

https://www.techsciresearch.com/report/india-vertical-turbine-water-pumps-market/3261.html

Global Microturbine Market Forecast and Opportunities, 2019

https://www.techsciresearch.com/report/global-microturbine-market-forecast-and-opportunities-2019/535.html

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact

Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017

Tel: +1-646-360-1656

Email: sales@techsciresearch.com

Website: https://www.techsciresearch.com/

For more market research blogs visit: https://techsciblog.com/

Comments

Post a Comment

Popular posts from this blog

Lower Extremities Trauma Devices Market to Grow with an Impressive CAGR During the Forecast Period | TechSci Research

Image
Global Lower Extremities Trauma Devices Market is driven by advancing technologies in the forecast period, 2023-2027. According to TechSci Research report,  “ Lower Extremities Trauma Devices Market  - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 ” , the global lower extremities trauma devices market may show a robust growth in the forecast years, 2023-2027 with an anticipated CAGR value. The market growth can be attributed to the factors like increasing demands for efficient equipment and devices to tackle the instances of trauma in lower limbs. Increasing cases of osteoporosis that decreases the bone density and makes the bones brittle, are also driving the growth of the global lower extremities trauma devices market in the upcoming five years. Also, increasing cases of spinal cord injuries that often arise due to road accidents and weaker bones, is supporting the growth of the global lower extremities trauma devices market in the next five years....
Read more

United States Vegan Cosmetic Market to be Dominated by Skin Care Products till 2026 | TechSci Research

Image
High demand for male grooming products and technological advancements are expected to drive the demand for United States Vegan Cosmetic Market in the forecast period, 2022-2026. According to TechSci Research report,  “ United States Vegan Cosmetic Market  By Product Type (Skin Care, Hair Care, Makeup, Others), By Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Departmental Stores, Online), By Region, Competition Forecast & Opportunities, 2026 ” , the United States Vegan Cosmetic market is expected to grow at a significant rate during the forecast period, 2022-2026. High internet penetration and the proliferation of smart devices are increasing the viewership of social media accounts and beauty blogs explaining the information about the advantages of Vegan Cosmetics is expected to fuel the market demand. The rising trend of veganism, especially among the youth population, covers most consumers investing in purchasing Vegan Cosmetics in the United States. Pr...
Read more