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Turbo Machinery Control System Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

Turbo Machinery Control System Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Turbo Machinery Control System Market: by Service Type (New Turbomachinery Control System, Retrofit Turbomachinery Control System and Ancillary Services), Application (Turbine Controls, Steam Turbine Controls, Gas Turbine Controls and Compressor Controls), End User (Power, Oil and Gas, Chemical, Metals and Mining and Other End Users) and Geography

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Report

Description

Turbo Machinery Control System Market size is valued at USD 6,500.0 million in 2021 and is expected to reach a value of USD 7,950.8 million by 2028, growing at a CAGR of 2.9% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by service, application, and end user. By service, the turbo machinery control system market has been segmented into new turbomachinery control systems, retrofit turbomachinery control systems and ancillary services. The new turbomachinery control system segment is likely to be the largest and fastest-growing segment in terms of service. Based on application, the turbo machinery control system market is segmented into turbine controls, steam turbine controls, gas turbine controls and compressor controls.  Among these, the turbine controls segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of end user, the market is segregated into power, oil and gas, chemical, metals and mining and other end users. Among these, the oil and gas segment is expected to have the fastest-growing market during the forecast period 2022-2028.

Turbo Machinery Control System Market

MARKET SUMMARY
-
2.9% CAGR
  • Study Period– 2022-2028
  • Base Year– 2021
  • CAGR– 2.9%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Turbo Machinery Control System Market

  • The turbo machinery control system market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The turbo machinery control system market report gives historical, current, and future market sizes (US$ Mn) based on service type, application, end user and geography.
Key Players
  • ABB Group
  • Elliot Group
  • Emerson US
  • General Electric
  • Siemens AG
Turbo Machinery Control System Market Dynamics

To reduce carbon emissions from traditional fuels, governments all around the world are switching to greener energy sources. Customers will be encouraged to convert to renewable energy sources, reducing the requirement for turbomachinery as a result of this trend. As a result, over the projected period, the market for turbomachinery control systems is expected to grow moderately.

Asia-Pacific Got Significant Share

Turbo Machinery Control System Market

By region, the Asia Pacific market is expected to witness the highest market share during the forecast period. The market's increasing industrialization and urbanization can be attributed to this expansion. Switchgears are also in high demand in established regions for grid modernization. North America held a considerable market share during estimated period. The turbomachinery control system in the region is expected to grow in popularity as a result of the stable demand for industrial equipment.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Key

Features of the Report

  • The turbo machinery control system market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The turbo machinery control system market report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The turbo machinery control system market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The turbo machinery control system market report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The turbo machinery control system market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Turbo Machinery Control System Market Segmentation

segmentation-block-image

By Service Type

    • New Turbomachinery Control System,
    • Retrofit Turbomachinery Control System and
    • Ancillary Services
segmentation-block-image

By Application

    • Turbine Controls,
    • Steam Turbine Controls,
    • Gas Turbine Controls and
    • Compressor Controls
segmentation-block-image

By End User

    • Power,
    • Oil and Gas,
    • Chemical,
    • Metals and Mining and
    • Other End Users
Location

GEOGRAPHY

Frequently Asked Questions

The turbo machinery control system market is projected to expand at a CAGR of 2.9% during the forecast period.

The major players in the global turbo machinery control system market are ABB Group, Elliot Group, Emerson US, General Electric, HollySys, Honeywell Technology, Rockwell Automation, Schneider Electric SE, Siemens AG, Tri sen Systems Corporation, Voith AG and Woodward.

Asia Pacific is the fastest-growing region for turbo machinery control system market

Report

Table Of Content

1. Executive Summary
2. Global Turbo Machinery Control System Market Introduction
2.1. Global Turbo Machinery Control System Market – Taxonomy
2.2. Global Turbo Machinery Control System Market –Definitions
2.2.1. Service Type
2.2.2. Application
2.2.3. End User
3. Global Turbo Machinery Control System Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Turbo Machinery Control System Market Dynamic Factors – Impact Analysis
3.6. Global Turbo Machinery Control System Market – Competition Landscape
3.7. Epidemiology
4. Global Turbo Machinery Control System Market Analysis,2017-2021 and Forecast, 2022-2028
4.1. Market Analysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Turbo Machinery Control System Market, By Service Type, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1. New Turbomachinery Control System
5.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Retrofit Turbomachinery Control System and Ancillary Services
5.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Turbo Machinery Control System Market Forecast, By Application, 2017-2021 and Forecast, 2021 – 2027 (Revenue, USD Mn)
6.1. Turbine Controls
6.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Steam Turbine Controls
6.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Gas Turbine Controls
6.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Compressor Controls
6.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
7. Global Turbo Machinery Control System Market, By End User, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1. Power
7.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Oil and Gas
7.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Chemical
7.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Metals and Mining
7.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Others
7.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
8. Global Turbo Machinery Control System Market Forecast, By Region, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1. North America
8.1.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Turbo Machinery Control System Market – Opportunity Analysis Index, By Service Type, Application, End User and Region, 2022-2028
9. North America Turbo Machinery Control System MarketAnalysis,2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
9.1. By Service Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
9.1.1. New Turbomachinery Control System
9.1.2. Retrofit Turbomachinery Control System and Ancillary Services
9.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Turbine Controls
9.2.2. Steam Turbine Controls
9.2.3. Gas Turbine Controls
9.2.4. Compressor Controls
9.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.3.1. Power
9.3.2. Oil and Gas
9.3.3. Chemical
9.3.4. Metals and Mining
9.3.5. Other End Users
9.4. Country Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Turbo Machinery Control System Market – Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2022-2028
9.6. North America Turbo Machinery Control System Market Dynamics – Trends
10. Europe Turbo Machinery Control System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
10.1. By Service Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
10.1.1. New Turbomachinery Control System
10.1.2. Retrofit Turbomachinery Control System and Ancillary Services
10.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Turbine Controls
10.2.2. Steam Turbine Controls
10.2.3. Gas Turbine Controls
10.2.4. Compressor Controls
10.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.3.1. Power
10.3.2. Oil and Gas
10.3.3. Chemical
10.3.4. Metals and Mining
10.3.5. Other End Users
10.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Poland
10.4.8. Rest of Europe
10.5. Europe Turbo Machinery Control System Market – Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2022-2028
10.6. Europe Turbo Machinery Control System Market Dynamics – Trends
11. Asia-Pacific Turbo Machinery Control System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
11.1. By Service Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
11.1.1. New Turbomachinery Control System
11.1.2. Retrofit Turbomachinery Control System and Ancillary Services
11.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Turbine Controls
11.2.2. Steam Turbine Controls
11.2.3. Gas Turbine Controls
11.2.4. Compressor Controls
11.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.3.1. Power
11.3.2. Oil and Gas
11.3.3. Chemical
11.3.4. Metals and Mining
11.3.5. Other End Users
11.4. Country Analysis2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. Japan
11.4.2. China
11.4.3. India
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Turbo Machinery Control System Market – Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2022-2028
11.6. Asia-Pacific Turbo Machinery Control System Market Dynamics – Trends
12. Latin America Turbo Machinery Control System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
12.1. By Service Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
12.1.1. New Turbomachinery Control System
12.1.2. Retrofit Turbomachinery Control System and Ancillary Services
12.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Turbine Controls
12.2.2. Steam Turbine Controls
12.2.3. Gas Turbine Controls
12.2.4. Compressor Controls
12.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.3.1. Power
12.3.2. Oil and Gas
12.3.3. Chemical
12.3.4. Metals and Mining
12.3.5. Other End Users
12.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Turbo Machinery Control System Market – Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2022-2028
12.6. Latin America Turbo Machinery Control System Market Dynamics – Trends
13. Middle East and Africa Turbo Machinery Control System Market Analysis, 2017-2021 and Forecast, 2022-2028 (Revenue, USD Mn)
13.1. By Service Type Analysis 2017-2021 and Forecast 2022-2028by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
13.1.1. New Turbomachinery Control System
13.1.2. Retrofit Turbomachinery Control System and Ancillary Services
13.2. Application Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.2.1. Turbine Controls
13.2.2. Steam Turbine Controls
13.2.3. Gas Turbine Controls
13.2.4. Compressor Controls
13.3. End User Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
13.3.1. Power
13.3.2. Oil and Gas
13.3.3. Chemical
13.3.4. Metals and Mining
13.3.5. Other End Users
13.4. Country Analysis 2017-2021 and Forecast 2022-2028 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Turbo Machinery Control System Market – Opportunity Analysis Index, By Service Type, Application, End User, and Country, 2022-2028
13.6. MEA Turbo Machinery Control System Market Dynamics – Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Application& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. ABB Group
14.2.2. Elliot Group
14.2.3. Emerson US
14.2.4. General Electric
14.2.5. HollySys
14.2.6. Honeywell Technology
14.2.7. Rockwell Automation
14.2.8. Schneider Electric SE
14.2.9. Siemens AG
14.2.10. Tri sen Systems Corporation
14.2.11. Voith AG
14.2.12. Woodward
15. Research Methodology
16. Key Assumptions and Acronyms
Report

Company Profile

  • ABB Group
  • Elliot Group
  • Emerson US
  • General Electric
  • HollySys
  • Honeywell Technology
  • Rockwell Automation
  • Schneider Electric SE
  • Siemens AG
  • Tri sen Systems Corporation
  • Voith AG
  • Woodward

Description

Turbo Machinery Control System Market size is valued at USD 6,500.0 million in 2021 and is expected to reach a value of USD 7,950.8 million by 2028, growing at a CAGR of 2.9% during the forecast period 2022 to 2028. The global market provides a detailed overview and that can be segmented by service, application, and end user. By service, the turbo machinery control system market has been segmented into new turbomachinery control systems, retrofit turbomachinery control systems and ancillary services. The new turbomachinery control system segment is likely to be the largest and fastest-growing segment in terms of service. Based on application, the turbo machinery control system market is segmented into turbine controls, steam turbine controls, gas turbine controls and compressor controls.  Among these, the turbine controls segment is expected to have the fastest-growing market during the forecast period 2022-2028. On the basis of end user, the market is segregated into power, oil and gas, chemical, metals and mining and other end users. Among these, the oil and gas segment is expected to have the fastest-growing market during the forecast period 2022-2028.

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