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The Market is Segmented by Application (Turbine Controls and Compressor Controls), End-user Industry (Power, Oil and Gas, Chemicals, Metals and Mining, and Other End-user Industries), Service Type (New Turbomachinery Control System, and Retrofit Turbomachinery Control System and Ancillary System), and Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
Fastest Growing Market:
The turbomachinery control system, retrofitting, and ancillary system market is expected to register a CAGR of 4.09% during the forecast period, 2020-2025. Factors, such as an increasing shift in focus toward natural gas and the adoption of automation technologies in the industrial sector are expected to create a huge demand for turbomachinery control systems. However, constantly increasing preference for renewable energy sources has resulted in a reduction in the investment and demand in turbomachinery control systems in recent years.
The scope of the turbomachinery control systems, retrofitting, and ancillary services market report includes:
|Steam Turbine Controls|
|Gas Turbine Controls|
|Oil and Gas|
|Metals and Mining|
|Other End-user Industries|
|New Turbomachinery Control System|
|Retrofit Turbomachinery Control System and Ancillary Services|
|Middle-East and Africa|
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The turbomachinery control system, retrofit, and ancillary services market is moderately consolidated, with some of the major companies holding more than 40% of the market as of 2018. Some of the key companies are General Electric Co., Siemens AG, Emerson Electric Co., Mitsubishi Heavy Industries Ltd, ABB Ltd, Honeywell International Inc., Rockwell Automation Inc., Schneider Electric SE, and Yokogawa Electric Corporation.
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.2 Market Size and Demand Forecast for Turbomachinery Control Systems, Retrofitting, and Ancillary Services in USD billion, until 2025
4.3 Market Size and Demand Forecast for Turbines and Compressors in USD billion, until 2025
4.4 Recent Trends and Developments
4.5 Market Dynamics
4.6 Supply Chain Analysis
4.7 Industry Attractiveness - Porter's Five Forces Analysis
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Consumers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Turbine Controls
5.1.2 Steam Turbine Controls
5.1.3 Gas Turbine Controls
5.1.4 Compressor Controls
5.2 End-user Industry
5.2.2 Oil and Gas
5.2.4 Metals and Mining
5.2.5 Other End-user Industries
5.3 Service Type
5.3.1 New Turbomachinery Control System
5.3.2 Retrofit Turbomachinery Control System and Ancillary Services
5.4.1 North America
5.4.4 South America
5.4.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Turbomachinery Automation Vendors
22.214.171.124 ABB Ltd
126.96.36.199 Emerson Electric Co.
188.8.131.52 General Electric Company
184.108.40.206 Honeywell International Inc.
220.127.116.11 Rockwell Automation Inc.
18.104.22.168 Schneider Electric SE
22.214.171.124 Siemens AG
126.96.36.199 Yokogawa Electric Corporation
188.8.131.52 STORK, A Fluor Company
184.108.40.206 Turbine Technology Services Corporation
220.127.116.11 Energy Controls Technology Inc.
18.104.22.168 PetroTech Oil & Gas Inc.
22.214.171.124 HollySys Automation Technologies Ltd
126.96.36.199 China Automation Group Limited
6.3.2 Automation System Original Equipment Manufacturers
188.8.131.52 Voith GmbH & Co. KGaA
184.108.40.206 Woodward Inc.
220.127.116.11 MAN SE
18.104.22.168 Mitsubishi Electric Corporation Ltd
22.214.171.124 Compressor Controls Corporation
126.96.36.199 Solar Turbines Incorporated
188.8.131.52 Ingersoll Rand Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability