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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
Turbine Control System Market Size Growth Forecast: What to Expect by 2025?
The market for turbine control systems has witnessed significant growth in the recent past. This robust growth is expected to continue, with the market value projected to rise from $19.34 billion in 2024 to $20.35 billion in 2025, implying a compound annual growth rate (CAGR) of 5.2%. The historical growth in this market can be tied back to technological advancements in turbines, increasing necessity for energy efficiency, the requirement to comply with regulations, growth in industrial automation, and the rising prominence of renewable energy sources.
How Will the Turbine Control System Market Size Evolve and Grow by 2029?
The market size of the turbine control system is predicted to witness consistent expansion in the coming years, reaching a size of $24.27 billion in 2029 with a CAGR of 4.5%. The growth during this prediction period is fueled by factors such as the growth of renewable energy, policies for energy transition, digitization and Industry 4.0, grid updating initiatives, and worries over cybersecurity. The forecast period is expected to see key trends including the integration of artificial intelligence and machine learning, remote monitoring and control, improvements 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?
Anticipated growth in the turbine control system market is tied to the increasing demand for electricity. Electricity, an energy formed from the movement of charged particles such as electrons, is seeing higher demand due to factors like population growth, urbanization, industrialization, technological advancements, and expansion. Turbine control systems play a key role in electricity generation, regulating turbine operations to maintain streamlined and secure performance and managing steam flow to steam turbines under a variety of conditions using extraction control valves. As evidence, information from the Our World in Data, a scientific online publication based in the UK, shows that the demand for electricity in the US increased from 4,192.9 TWh in 2021 to 4,338.1 TWh in 2022. The escalating demand for electricity is, therefore, fueling the expansion of the turbine control system market.
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Which Emerging Trends Are Transforming the Turbine Control System Market in 2025?
Prominent players in the turbine control system market are striving to unveil innovative solutions like the centrum VP R6.10, intended to simplify operations, engineering, procurement, and maintenance processes in plants and facilities by bringing control systems together on a single platform. The focus is predominantly on controlling steam turbines for compressor drives and multiple compressor trains. In November 2022, Yokogawa Electric Corporation, originating from Japan and specializing in electrical engineering and software, introduced a new iteration of its integrated production control system, the CENTUM VP R6.10. This invention facilitates the management of steam turbine control for compressor drives and the consolidated control of multiple compressor trains. Key characteristics of this system encompass a broader control spectrum, CCC Inside support, along with streamlined operations, engineering, procurement, and maintenance.
What Are the Key Segments in the Turbine Control System Market?
The turbine control systemmarket 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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