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Driving Turbine Control System Market Growth in 2025: The Role of Rising Demand For Electricity Driving Growth Of Turbine Control System Market
Turbine Control System Market Size
Turbine Control System Market Size Growth Forecast: What to Expect by 2025?
In recent times, the turbine control system market has experienced a significant expansion. Its growth trajectory shows it expanding from $19.34 billion in 2024 to an estimated $20.52 billion in 2025, signifying a compound annual growth rate (CAGR) of 6.1%. Factors contributing to this impressive growth during the historical period include improvements in turbine technology, the quest for energy efficiency, compulsory regulatory compliance, the advent of industrial automation, and the proliferation of renewable energy.
How Will the Turbine Control System Market Size Evolve and Grow by 2029?
The market size of the turbine control system is anticipated to observe a consistent expansion in the coming years, reaching a size of $24.64 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 4.7%. This rise during the forecast period can be credited to factors such as the growth of renewable energy sources, policies regarding energy transition, digitalization, industry 4.0, initiatives for grid modernization, and concerns regarding cybersecurity. Significant trends that are expected to shape the forecast period are the integration of artificial intelligence and machine learning, capabilities for remote monitoring and control, enhancements in cybersecurity, digital twin technology, and decentralized energy systems.
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What Drivers Are Propelling the Growth of Turbine Control System Market Forward?
The turbine control system market is set to grow due to the escalating demand for electricity. Essentially produced from the motion of charged units, namely electrons, electricity is a vital form of energy. Higher population, urban growth, industry expansion and advancements in technology are contributing to the rise in demand for electricity. Turbine control systems, which oversee turbine functionality ensuring its safety and efficacy, along with regulating the steam flow to steam turbines in differing conditions via extraction control valves, are pivotal in electricity production. As per the figures shared by Our World in Data, a scientific online publication organization from the UK, there was an increase in US electricity demand from 4,192.9 TWh (terawatt-hour) in 2021 to 4,338.1 TWh (terawatt-hour) in 2022. In turn, this augmenting demand for electricity is fuelling the growth of the turbine control system market.
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Which Emerging Trends Are Transforming the Turbine Control System Market in 2025?
Top firms in the turbine control system realm are focusing on creating distinctive solutions such as centrum VP R6.10, which allow operations, engineering, procurement, and maintenance processes within plants and facilities to be streamlined under one combined system. The main aim is to enable the management of steam turbines for compressor drives and facilitate the integrated control of several compressor trains. For example, Yokogawa Electric Corporation, an electrical engineering and software company based in Japan, unveiled CENTUM VP R6.10 in November 2022. This is an upgraded version of its consolidated production control system designed to oversee steam turbine control for compressor drives and the integrated control of multiple compressor trains. Notable features of the system are extended control scale, CCC Inside support, simplified operations and streamlined engineering, purchasing, and maintenance.
What Are the Key Segments in the Turbine Control System Market?
The turbine control system market covered in this report is segmented -
1) By Type: Gas Turbine, Steam Turbine, Hydro-Turbine, Wind Turbine, Other Types
2) By Component: Sensors, Human-Machine Interface, Controllers, Software, Other Components
3) By Function: Speed Control, Load Control, Temperature Control, Pressure Control, Other Functions
4) By Application: Power Generation, Oil And Gas, Marine, Other Applications
Subsegments:
1) By Gas Turbine: Industrial Gas Turbines, Aeroderivative Gas Turbines
2) By Steam Turbine: Condensing Steam Turbine, Back Pressure Steam Turbine, Extraction Steam Turbine
3) By Hydro-Turbine: Pelton Turbine, Francis Turbine, Kaplan Turbine
4) By Wind Turbine: Horizontal-Axis Wind Turbine (HAWT), Vertical-Axis Wind Turbine (VAWT)
5) By Other Types: Microturbine, Organic Rankine Cycle (ORC) Turbine, Wave Energy Turbine
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Who Are the Key Players Shaping the Turbine Control System Market's Competitive Landscape?
Major companies operating in the turbine control system market are Siemens AG, General Electric Company, Mitsubishi Electric Corporation, Honeywell International Inc., ABB Ltd., Rolls-Royce Holdings plc, Emerson Electric Co., Danfoss Power Solutions Inc., Rockwell Automation Inc., WEG Electric Corp., Voith Group, Sulzer Ltd., Woodward Inc., Brunel Energy Pty Ltd., Enercon Services Inc., Schneider Electric Societas Europaea, Compressor Controls Corporation, Bently Nevada, Omicron Energy Solutions, Power Systems Manufacturing, LLC, Qualitrol Corporation, Endurance Wind Power Inc., Peak Machinery Inc., Turbine Controls Ltd., Turbine Technology Services Corporation
What Geographic Markets Are Powering Growth in the Turbine Control System Market?
Asia-Pacific was the largest region in the turbine control system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the turbine control system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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