Market Overview
| Study Period | 2020 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| Growth Rate | 3.59% CAGR |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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United States Turbine Control Systems Market Analysis by Mordor Intelligence
The United States Turbine Control Systems Market is expected to register a CAGR of greater than 3.59% during the forecast period.
- The increasing challenge, from renewable power systems leading to increase requirement of enhancement in the efficiency associated with conventional power plants to make it more competitive, is likely to create business opportunities for turbine control systems in the United States in the coming years.
United States Turbine Control Systems Market Trends and Insights
Development of New Power Plants to Drive the Market Demand
- In the United States, the development of new power plants, especially, the natural gas power plants and combined heat and power (CHP) plants, are likely to provide a huge impetus to turbine control systems market in coming years.
- In Ohio, four power projects, with a combined capacity of around 4600 MW, are under development. The project includes two gas-fired, high-efficiency combustion gas turbines with two heat recovery steam generators and two steam turbines. The plants are expected to commence commercial operations by the second quarter of 2021.
- The natural gas supply in the United States has witnessed growth in recent years, which is likely to continue in coming years, riding on vast reserves of natural gas in the country. As per EIA, the marketed natural gas production in the year 2019 reached 99.15 bcfpd
- The total supply of natural gas in the country witnessed an increase of 12 percent, during the first half of 2018 in comparison to the first half of 2017. The increase in the supply of natural gas is leading to declining in its cost which, in turn, enhances the economic viability of gas-based power generation.
- During the past decade, the electric power sector has been retiring coal-fired generation plants while adding more natural gas generating capacity. In 2019, United States EIA estimated that 12.7 GW of coal-fired capacity in the United States had retired, equivalent to 5% of the total existing coal-fired capacity at the beginning of the year. An additional 5.8 GW of United States coal capacity is scheduled to retire in 2020, contributing to a forecast 13% decline in coal-fired generation this year. In contrast, EIA estimates that the electric power sector has added or plans to add 11.4 GW of capacity at natural gas combined-cycle power plants in 2019 and 2020. This transition from coal to gas has been considered to be one of the most important factor driving the turbine control systems market, as older coal plants retire and newer gas-based power plants starts to commission.
Competitive Landscape
The United States turbine control systems market is highly fragmented. Some of the major companies include Siemens AG, Emerson Electric Company, General Electric Company, ABB Ltd, and Rockwell Automation.
United States Turbine Control Systems Industry Leaders
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Siemens AG
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Emerson Electric Company
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General Electric Company
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ABB Ltd
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Rockwell Automation
- *Disclaimer: Major Players sorted in no particular order
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United States Turbine Control Systems Market Report Scope
The United States turbine control systems market report include:
By Type
| Software |
| By Type | Software |
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Key Questions Answered in the Report
What is the current United States Turbine Control Systems Market size?
The United States Turbine Control Systems Market is projected to register a CAGR of greater than 3.59% during the forecast period (2025-2030)
Who are the key players in United States Turbine Control Systems Market?
Siemens AG, Emerson Electric Company, General Electric Company, ABB Ltd and Rockwell Automation are the major companies operating in the United States Turbine Control Systems Market.
What years does this United States Turbine Control Systems Market cover?
The report covers the United States Turbine Control Systems Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the United States Turbine Control Systems Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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