Market Synopsis, The turbine control system is a digital control system that is designed to control and protect the different types of turbines including steam turbines, gas turbines, and others (wind and hydro turbines). The operation of the control system is conducted through the electronic functions and algorithms that are incorporated in the software and hardware components of the turbine control system., The factors driving the growth of the turbine control system market are the rising development of micro-hydro projects and government initiatives to explore renewable sources of energy. According to the Hydropower Status Report published in 2019, in 2018, micro-hydro power projects contributed almost 22 gigawatts (GW) of installed capacity worldwide; this increase in the existing capacity to 1,292 GW resulted in the generation of approximately 4,200-terawatt-hours (TWh) of clean electricity in the same year. Moreover, government bodies around the world are focusing on investing in hydropower projects. For instance, in 2018, Mexico’s government invested USD 985 million to modernize and upgrade sixty existing hydropower plants in the country. Additionally, the Bolivian government invested USD 17 billion for the development of the El Rio Grande hydropower complex, with up to 2,900 MW generation planned by 2025. Thus, the growing number of micro hydropower projects has led to an increase in the demand for turbines that are used for generating electricity as a part of these projects. The hydro turbine control system controls the load of the natural river flow and returns the water to the river after it is passed through the turbine. The major function of hydro turbine control systems comprises monitoring the river flow, reservoir level, and load, and applying a control strategy that optimizes load generation by smoothly regulating the flow back to the river. Therefore, the rising development of micro-hydro projects is expected to drive the growth of the global turbine control systems market during the forecast

Market Synopsis

The turbine control system is a digital control system that is designed to control and protect the different types of turbines including steam turbines, gas turbines, and others (wind and hydro turbines). The operation of the control system is conducted through the electronic functions and algorithms that are incorporated in the software and hardware components of the turbine control system.

The factors driving the growth of the turbine control system market are the rising development of micro-hydro projects and government initiatives to explore renewable sources of energy. According to the Hydropower Status Report published in 2019, in 2018, micro-hydro power projects contributed almost 22 gigawatts (GW) of installed capacity worldwide; this increase in the existing capacity to 1,292 GW resulted in the generation of approximately 4,200-terawatt-hours (TWh) of clean electricity in the same year. Moreover, government bodies around the world are focusing on investing in hydropower projects. For instance, in 2018, Mexico’s government invested USD 985 million to modernize and upgrade sixty existing hydropower plants in the country. Additionally, the Bolivian government invested USD 17 billion for the development of the El Rio Grande hydropower complex, with up to 2,900 MW generation planned by 2025. Thus, the growing number of micro hydropower projects has led to an increase in the demand for turbines that are used for generating electricity as a part of these projects. The hydro turbine control system controls the load of the natural river flow and returns the water to the river after it is passed through the turbine. The major function of hydro turbine control systems comprises monitoring the river flow, reservoir level, and load, and applying a control strategy that optimizes load generation by smoothly regulating the flow back to the river. Therefore, the rising development of micro-hydro projects is expected to drive the growth of the global turbine control systems market during the forecast period.

Government initiatives and policies primarily drive the global turbine control systems market as it creates a platform for initiating wind power projects. The increasing investments in renewable energy primarily emphasize reducing global dependence on coal and other fossil fuels. Moreover, rising investments in renewable energy sources such as wind, solar and other renewable energy sources, has led to reduced dependence on conventional power plants. the development of clean energy sources from financial institutions, such as International Finance Corporation (IFC), Asian Development Bank (ADB), and the World Bank, could also lead to the growth in renewable energy sources. National and regional governments are supporting renewable energy generation through a wide range of initiatives. For instance, according to the International Renewable Energy Agency (IRENA) report, in 2018, the governments in several European countries invested about USD 29.4 billion for the development of new wind farms in the region and is estimated to finance the installation of about 16.7 GW of new wind capacity in 190 wind farms. Additionally, there are several incentive plans for wind energy, which support the growth of renewable power generation. For instance, the Small Wind Turbine Program by the New York State Energy Research and Development Authority (NYSERDA) has helped to increase the amount of renewable energy generated from wind by providing a USD 6 billion incentive to support the installation of wind energy systems in the state. Thus, such initiatives and the increasing research and development activities increase the demand for the use of wind turbines in wind power projects. This further leads to an increase in the demand for wind turbine control systems to be used for controlling the load on the turbine, the speed of the turbine, and frequency fluctuation in the turbine. Such factors are expected to drive the growth of the global turbine control systems market during the forecast period.

Segmentation: Global Turbine Control System Market



The Global Turbine Control System Market is segmented based on component, function, type, and region. By component, the global market is segmented into hardware and software. The hardware segment is further segmented into controller, sensors, HMI, and others. On the basis of function, the global market has been segmented into speed control, temperature control, load control, pressure control, and others. On the basis of type, the global turbine control system market has been segmented into the steam turbine control system, gas turbine control system, and others.

Geographically, the global turbine control system market is segmented as North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific is poised to hold a majority of the share of the market during the forecast period, owing to the growing demand for uninterrupted power supply and the rising number of oil & gas activities in the region. In India, Reliance Industries has announced the county’s biggest foreign direct investment (FDI) deal with Saudi Aramco (Saudi Arabia) to pick 20% stake in its oil-to-chemicals (OTC) business. For this purpose, Saudi Aramco has invested USD 75 billion. This deal has increased the demand of turbines to be used for continuous power supply for refinery and oil to chemical conversion activities in India. In China, according to the BP Statistical Review of World Energy 2018, the electricity generation in China increased from 6133.2 TWh in 2016 to 6495.1 TWh in 2017. The amount of electricity generated through natural gas has increased from 188.3 TWh in 2016 to 196.2 in 2017. The increase in the use of natural gas is primarily due to the large reserves of shale gas in the country. As per estimates, China has 21.8 trillion cubic meters (tcm) of shale gas reserves, which is expected to further grow during the forecast period. The extraction of shale gas is expected to increase during the forecast period, which will increase its use in electricity generation through gas turbines. The increased use of gas turbines has also increased the demand for turbine control systems to control the various parameters of the turbine on a regular basis. Such factors are expected to drive the growth of the turbine control system market in Asia-Pacific during the forecast period.

Prominent Players

The Prominent Players in the Global Turbine Control System Market are Emerson Electric Co. (US), Honeywell International, Inc. (US), General Electric Company (US), ABB (Switzerland), Woodward, Inc. (the US), Heinzmann GmbH & Co. KG (Germany), In no way Future Solutions Pte Limited (Singapore), DNV GL (Norway), Rockwell Automation (US), Siemens AG (Germany), Spica Technology Aps (Denmark), HPI, LLC. ALL (US), and Mita-Teknik (Denmark).

The report for the global turbine control system market of Market Research Future research covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

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