Turbine Control System Market Size

Turbine Control Systems Market Analysis

The turbine control system market is expected to record a CAGR of around 2.5% during the forecast period. The COVID-19 pandemic outbreak severely affected the market due to delays in power plant construction projects. As an example, in the United States, in the months of March and April 2020, 21% and 29% of projects, respectively, experienced delays due to the COVID-19 spread mitigation efforts. The demand for turbine monitoring and control systems went down as there was a delay at every stage of power plant completion, including the generating units' up-gradation stage. Two factors largely drive the global turbine control systems market; first, the reduced downtime and operational efficiency offered by the control systems, and secondly, the increase in turbine deployment, particularly in wind and hydropower generation. However, the market is hampered by the growth in gas engine installations in the power industry, which has many benefits over gas turbines.

• The wind turbine control systems are expected to grow at the fastest rate during the forecast period due to the high rate of wind turbine deployments across the globe.
• The technological advancements introduced by the OEMs of turbine monitoring and control systems create tremendous opportunities for the growth of the market. For instance, PROEON has developed an array of control algorithms and software programs that can run on Rockwell ControlLogix and Siemens S7 PLC controllers. These systems provide interchangeable hardware and software, thus providing greater standardization too.
• Asia-Pacific is expected to dominate the market during the forecast period due to the numerous upcoming power generation projects in the region.