- New Turbomachinery Control System
- Retrofit Turbomachinery Control System and
- Ancillary Services
Turbo Machinery Control System Market size was valued at USD 6,500.0 million in 2023 and is expected to reach a value of USD 7,950.8 million by 2030, growing at a CAGR of 2.9% during the forecast year 2024 to 2030. 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 2023-2029. 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 2023-2029.
Turbo Machinery Control System Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
2.9%
Largest Market
North America
Fastest Growing Market
Asia Pacific
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 Regional Analysis
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
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The turbo machinery control system market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
- The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Turbo Machinery Control System Market Segmentation
By Service Type
By Application
- Turbine Controls
- Steam Turbine Controls
- Gas Turbine Controls and
- Compressor Controls
By End User
- Power
- Oil and Gas
- Chemical
- Metals and Mining and
- Other End Users
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
| 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, 2018-2022 and Forecast, 2023-2029 |
| 4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 5.1. New Turbomachinery Control System |
| 5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2021 - 2027 (Revenue, USD Mn) |
| 6.1. Turbine Controls |
| 6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 7.1. Power |
| 7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2018-2022 and Forecast, 2023-2029 (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, 2023-2029 |
| 9. North America Turbo Machinery Control System MarketAnalysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 9.1. By Service Type Analysis 2018-2022 and Forecast 2023-2029by 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029by 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, 2023-2029 |
| 9.6. North America Turbo Machinery Control System Market Dynamics - Trends |
| 10. Europe Turbo Machinery Control System Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 10.1. By Service Type Analysis 2018-2022 and Forecast 2023-2029by 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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, 2023-2029 |
| 10.6. Europe Turbo Machinery Control System Market Dynamics - Trends |
| 11. Asia-Pacific Turbo Machinery Control System Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 11.1. By Service Type Analysis 2018-2022 and Forecast 2023-2029by 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 Analysis2018-2022 and Forecast 2023-2029 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, 2023-2029 |
| 11.6. Asia-Pacific Turbo Machinery Control System Market Dynamics - Trends |
| 12. Latin America Turbo Machinery Control System Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 12.1. By Service Type Analysis 2018-2022 and Forecast 2023-2029by 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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, 2023-2029 |
| 12.6. Latin America Turbo Machinery Control System Market Dynamics - Trends |
| 13. Middle East and Africa Turbo Machinery Control System Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn) |
| 13.1. By Service Type Analysis 2018-2022 and Forecast 2023-2029by 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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 2018-2022 and Forecast 2023-2029 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, 2023-2029 |
| 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 |
- 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