The global turbine control system market is projected to reach a market size of USD 19.00 Billion by 2023, growing at a CAGR of 4.66%. The market in Asia Pacific is estimated to be the largest for turbine control system, followed by the North American market in 2018. This trend is expected to continue till 2023. The growth of the turbine control system market is driven due to the growth of conventional power generation, and increase in operational productivity of the turbines, in turn improving the efficiency of the power plant.
The turbine control system market is dominated by a few major players that have a wide regional presence and are established brand names. The leading integrated solution providers in the turbine control system market include GE (US), Siemens (Germany), ABB (Switzerland), Emerson Electric (US), and Rockwell (US).
The major strategies adopted by the players include contracts & agreements, new product launches, investments & expansions, mergers & acquisitions, and joint ventures and collaborations. Contracts & agreements was the most commonly adopted strategy from January 2014 to January 2018. Industry players also adopted new product development, which was the second most widely followed strategy, during the same period. A few key integrated solution providers have been highlighted in the section below.
ABB is one of leading players in the power and automation technology sector. The company provides a wide range of products, services, and systems to various industries such as utilities, infrastructure, and transportation. ABB operates through 4 business segments, namely, power grids, electrification products, discrete automation and motion, and process automation. It provides turbine control systems through its process automation division. It mainly provides turbine control system for gas, steam, and hydro turbines. Process automation segment accounted for 18.5% of the total revenue in 2016. The company offers its products and services to various end-use industries such as oil & gas, minerals and mining, metals, pulp and paper, chemicals and pharmaceuticals, food and beverage, power generation, and marine. In November 2014, ABB received a contract from Ansaldo Energia to provide a plant automation system and substation expansion for the new Ain Djasser III gas-fired power plant in the northern province of Batna, Algeria.
Siemens is a manufacturing and engineering company. The company operates the entire value chain, ranging from power generation, transmission, and distribution to smart grid solutions. The company operates through 8 business segments, namely, power and gas, healthineers, energy management, digital factory, mobility, Siemens Gamesa renewable energy, process industries and drives, and building technologies. It provides turbine control systems through its power and gas segment. The power and gas segment offers gas turbines, steam turbines, and generators for gas or steam power plants, compressor trains, and instrumentation and control systems for generating power. The company has its presence in more than 200 countries and operates 289 production and manufacturing plants globally. In February 2017, Siemens was awarded a contract for 5 F-class gas turbines for a combined heat and power (CHP) plant in the Kingdom of Saudi Arabia. The company is expected to provide 5 SGT6-5000F gas turbines, 5 SGen6-1000A generators, and the control system SPPA-T3000.
Turbine Control System Market by Component (Sensors, HMI, Controllers, Software), Type (Steam, Gas), Function (Speed Control, Load Control, Temperature Control, Pressure Control), and Region (Asia Pacific, North America, Europe) - Global Forecast to 2023
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